IPO

Ratnaveer Precision Engineering Limited IPO

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Iron & Steel Products

Listed On: Sep 11, 2023 at ₹ 123.2(NSE)

₹ 14700 /150 Shares

Check Allotment

04 Sep, 2023

Open Date

06 Sep, 2023

Close Date

08 Sep, 2023

Allotment Date

11 Sep, 2023

Listing Date
Price Summary

Last Closing

161.00 (64.29%)

52 Week High

198.70

52 Week Low

115.99

Last Update

19-Dec-2025 3:30 PM
Ratnaveer Precision Engineering Limited IPO Issue Details
  • Issue Price ₹93-98 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price Total ₹165.03 Cr :
    #Fresh Issue : 13,800,000 shares(aggregating up to ₹135.24 Cr) +
    #OFS : 3,040,000 shares of ₹10(aggregating up to ₹29.79 Cr)
  • Listing at BSE, NSE
  • List Price 123.2(NSE)
  • Listing Date 2023-09-11
  • Lead Manager Unistone Capital Pvt Ltd
  • Registrar Link Intime India Private Ltd
Ratnaveer Precision Engineering Limited IPO Details
  • Retail Portion 35% (Number of Retail Applications : 39,293 Approx),
    (Number of sHNI Applications : 401 Approx),
    (Number of bHNI Applications : 802 Approx)
Ratnaveer Precision Engineering Limited IPO Documents
DRHP
RHP
ANCHOR
Ratnaveer Precision Engineering Limited IPO Details


The IPO of Ratnaveer Precision Engineering Limited is priced at ₹93-98 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Sep 4, 2023 and ends on Sep 6, 2023. The allotment for Ratnaveer Precision Engineering Limited IPO will be finalized on Sep 8, 2023. Ratnaveer Precision Engineering Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Sep 11, 2023. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

The book-running lead manager for the IPO is/are Unistone Capital Pvt Ltd.


The Ratnaveer Precision Engineering Limited IPO sets its price band at 93-98 for each share. A single application for Ratnaveer Precision Engineering Limited IPO must contain at least 150 shares.

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Ratnaveer Precision Engineering Limited IPO Subscription Analysis And Details
Retail
53.93x
QIB
133.05x
NII
135.19x
bNII
130.63x
sNII
144.32x
Total
93.95x
As on QIB NII
bNII   sNII 		Retail Total
Shares Offered / Reserved 3,368,000 2,526,000
1,684,000    842,000 		5,894,000 11,788,000
Day 1 04-09-23 05:00 PM
0.05 x 9.03
6.77 x   13.54 x 		7.65 x 5.77 x
Day 2 05-09-23 05:00 PM
0.05 x 9.03
6.77 x   13.54 x 		7.65 x 5.77 x
Day 3 06-09-23 05:00 PM
133.05 x 135.19
130.63 x   144.32 x 		53.93 x 93.95 x
Total No of Applications
20,77,227
Subscription on the basis of Applications
52.87
Ratnaveer Precision Engineering Limited Valuations
Earnings Per Share (EPS) ₹7.26/-
P/E Ratio 18.98
RoNW 29.12%
Net Asset Value (NAV) - As on 31.03.23 ₹30.74
Ratnaveer Precision Engineering Limited Company Financials
In Crs.
In Cr.
31-Mar-23 31-Mar-22 31-Mar-21
Assets 389.05 308.63 255.92
Revenue 481.14 428.47 364.05
Profit After Tax 25.04 9.48 5.46
About Ratnaveer Precision Engineering Limited Company

Ratnaveer Precision Engineering Limited manufactures stainless steel finished sheets, washers, solar roofing hooks, pipes, and tubes.

The company manufactures stainless steel-based products for automotive, solar power, wind energy, power plants, oil & gas, pharmaceuticals, sanitary & plumbing, instrumentation, electromechanics, architecture, building & construction, electrical appliances, transportation, kitchen appliances, chimney liners, and other industries.

Ratnaveer Precision Engineering has 4 manufacturing units out of which two units; Unit-I and Unit-II are located at GIDC, Savli, Vadodara, Gujarat, Unit-III is located at Waghodia, Vadodara, Gujarat, and Unit-IV is located at GIDC, Vatva, Ahmedabad, Gujarat. The company manufactures SS finishing sheets, SS washers, and SS solar mounting hooks at Unit I and SS pipes & tubes at Unit II. Unit III and Unit IV are dedicated to the backward integration process. Unit III is the melting unit where melted steel scrap is turned into steel ingots, and Unit IV is the rolling unit where flat ingots are further processed to turn them into SS sheets which are the raw material for SS washers.

Ratnaveer intends to expand its portfolio of SS washers by adding circlips to the product line, it currently offers over 2,500 SKUs of SS washers including inner ring washers, spring washers, nord lock washers, retaining rings, internal tooth washers and external tooth washers of different sizes and specifications. For this, the company has also taken land located at E-78, GIDC Industrial Estate, Savli, Dist. Vadodara, Gujarat which is adjoining to Unit I, on a 99-year lease from GIDC.

In the fiscal year 2023, the company recorded a total revenue from operations of Rs. 4,797.30 million which includes a domestic turnover of Rs. 3,875.39 million and an export turnover of Rs. 921.91 million.

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Ratnaveer Precision Engineering Limited - Promoter(s)

Mr. Vijay Ramanlal Sanghavi

Pre Issue Share Holding : 86.30%

Post Issue Share Holding : 55.48%

Ratnaveer Precision Engineering Limited IPO - Issue Objectives
1

Funding the working capital requirements of the company.

2

General corporate purposes

Ratnaveer Precision Engineering Limited IPO - Anchor Investors

Ratnaveer Precision Engineering mops up Rs 49.5 crore via anchor book ahead of IPO.

Domestic and foreign investors, who participated in the anchor book issue were Societe Generale, Sixteenth Street Asian Gems Fund, Saint Capital Fund, Coeus Global Opportunities Fund and Leading Light Fund VCC - The Triumph Fund.

Ratnaveer Precision Engineering Limited IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
Ratnaveer Precision 3.19 18.98 29.12% 481
M.M. Forgings 3.21 17.6 19.8% 1,409
Menon Bearings 5.92 25.4 26.6% 219
Venus Pipes & Tubes 9.53 58.7 19.6% 552