Ratnaveer Precision Engineering Limited

Company Profile
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.

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Summary of Financials (All financials in Lakh)

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

Tentative Timeline

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

Objects of the Issue

Working Capital Requirements
General corporate purposes

Contact Information

Registered Office Ratnaveer Precision Engineering Limited Plot no. E-77, G.I.D.C., Savli (Manjusar), Vadodara - 391 775
Phone +91 8487878075
Email cs@ratnaveer.com
Website https://ratnaveer.com/

Registrar Details

Name Link Intime India Private Ltd
Phone +91-22-4918 6270
Email ratnaveerprecision.ipo@linkintime.co.in
Website https://linkintime.co.in/mipo/ipoallotment.html

IPO Reservation

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

Shareholding Pattern

Pre Issue Share Holding(Promoters) 86.3%
Post Issue Share Holding(Promoters) 55.48%

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