| Company Name | Ratnaveer Precision Engineering Limited |
| Open Date | 04-09-2023 |
| Close Date | 06-09-2023 |
| Exchange | NSE, BSE |
| Lot Size | 150 Shares |
| Issue Price | ₹93 to ₹98 per share |
| Issue Size | 16,840,000 Equity Shares |
| Application Amount | Min. Inv. - ₹ 14,700 (150 shares) Max. Inv. – ₹ 1,91,100 (1,950 shares) |
| Recommendation | Apply |
Ratnaveer Precision Engineering Limited is a stainless steel (“SS”) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes. Stainless steel is a value-added product with high corrosion resistant properties. Higher levels of chromium and additions of other alloy elements enhance the corrosion resistance. Compared to traditional steel, stainless-steel has higher resistance to corrosion, superior aesthetic finish and higher life span. These features have helped in increasing the popularity of stainless-steel across the world. Globally, cold rolled flat products are the largest produced stainless-steel product in the world, followed by hot rolled coils, and steel wire rods & bars. According to International Stainless-Steel Forum, cold rolled flat products accounts for approximately 47% of total stainless-steel trade in the world. Hot coils, Semis-flat, Semis Long, Hot Bar/Wire rod, Cold Bar/Wire, Hot Plate & Sheet are another SS intermediary product traded globally.
| For the Period Ended | Mar-21 | Mar-22 | Mar-23 |
| Total Assets | 25,592.40 | 30,863.20 | 38,904.70 |
| Net Assets | 5,657.70 | 6,597.40 | 10,605.40 |
| Total Borrowings | 15,076.00 | 19,072.70 | 22,998.90 |
| Total Revenue | 36,405.10 | 42,847.20 | 48,114.50 |
| Profit After Tax | 545.90 | 947.50 | 2,504.40 |
| Opening Date | 04/09/2023 |
| Closing Date | 06-09-2023 |
| Basis of Allotment | 11-09-2023 |
| Initiation of Refunds | 12-09-2023 |
| Credit of Shares to Demat | 13-09-2023 |
| Listing Date | 14-09-2023 |
| Working Capital Requirements |
| General corporate purposes |
| Registered Office | Ratnaveer Precision Engineering Limited Plot no. E-77, G.I.D.C., Savli (Manjusar), Vadodara - 391 775 |
| Phone | +91 8487878075 |
| cs@ratnaveer.com | |
| Website | https://ratnaveer.com/ |
| Name | Link Intime India Private Ltd |
| Phone | +91-22-4918 6270 |
| ratnaveerprecision.ipo@linkintime.co.in | |
| Website | https://linkintime.co.in/mipo/ipoallotment.html |
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| Pre Issue Share Holding(Promoters) | 86.3% |
| Post Issue Share Holding(Promoters) | 55.48% |