Ratnaveer Precision Engineering Limited IPO


Ratnaveer Precision Engineering Limited Incorporated in 2002, The Company 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.

(Source- https://www.chittorgarh.com/)

Ratnaveer Precision Engineering Limited IPO Timetable

IPO Open Date04 Sep 2023
IPO Close Date06 Sep 2023
Allotment Date7 Sep 2023
IPO Listing Date11 Sep 2023

Ratnaveer Precision Engineering Limited IPO Details

Issue TypeBook Built Issue IPO
Face ValueRs. 10 Per Equity Share
IPO PriceRs. 93 to Rs. 98 Per Equity Share
Market Lot150 Share
Listing AtNSE & BSE
Issue SizeApprox. Rs. 165 Crore.

Ratnaveer Precision Engineering Limited IPO Lot Size

Minimum1150Rs. 14700
Maximum131950Rs. 191100
Small HNI (Minimum)142100Rs. 205800
Big HNI (Minimum)6810350Rs. 1014300

Ratnaveer Precision Engineering Limited IPO Details Allotment Status

Click Here To Check IPO Allotment Status Ratnaveer Precision Engineering Limited IPO

Click Here To Get ASBA Forms Ratnaveer Precision Engineering Limited IPO

Company Financials:

Particular31 March 202331 March 202231 March 2021
Total Assets389.05308.63255.92
Total Revenue481.14428.47364.05
Profit After Tax25.049.485.46
for accurate figures follow the company financials.

Company Promoters:

Mr. Vijay Ramanlal Sanghavi is the company’s promoter.

Purpose of the Issue

  • Funding the working capital requirements of the company.
  • General corporate purposes

Registrar & Company Details

Company Contact InformationIPO Registrar
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
Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: ratnaveerprecision.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html

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