Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
IPO Status: Listed [4th Sep 2023 to 6th Sep 2023]
Ratnaveer Precision Engineering Limited is launching a IPO at NSE and BSE platform. Its Fresh issue is 13,800,000 shares and Offer for sale of 3,040,000 shares. You can apply in this IPO is from Sep 4, 2023 to Sep 6, 2023. The face value each at Rs 10 per share and the issue price band for this IPO Rs 93 to Rs 98 along with the lot size of 150 shares. or its multiples.
Stay tuned for more information on Ratnaveer Precision Engineering Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| IPO Issue Opening Date: | 4th Sep 2023 |
| IPO Issue Closing Date: | 6th Sep 2023 |
| IPO Issue Price: | ₹93.00-98.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹165.03 Cr |
| Offer for Sale: | ₹29.79 Cr |
| Fresh Issue: | ₹135.24 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 86.3% |
| Promoter Holding Post IPO: | 55.48% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543978 |
| NSE Code: | RATNAVEER |
Get important updates regarding Ratnaveer Precision Engineering IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 7th Sep 2023 |
| Refunds Initiation* | 8th Sep 2023 |
| Credit of Shares to Demat* | 8th Sep 2023 |
| IPO Listing Date* | 11th Sep 2023 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹93.00-98.00 |
| Market Lot: | 150 Shares |
| 1 Lot Amount: | ₹14700 |
| Min Small HNI Lots(2-10 Lakh): | 2100 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 10350 shares (69 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 11-09-2023 | 98.00 | 52 | 6000/84000 | ₹150 (53.06%) | 11-Sep-2023 10:31 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Established in 2002, Ratnaveer Precision Engineering Limited is a stainless steel (“SS”) product manufacturer focused on the production of sheet metal, washers, solar roof hooks, pipes and tubes. Currently, the company offers its customers over 2500 SKUs of SS washers, including inner ring washers, spring washers, Nordic lock washers, lock rings, inner tooth washers and outer tooth washers in various sizes and specifications. The wide range of products not only enables us to meet the trends and ever-changing requirements of customers, but also gives the company a competitive edge over its rivals.
The company's products are used in various industries, including automotive, solar energy, wind energy, power plants, oil and gas, pharmaceuticals, plumbing, instrumentation, electromechanical, architectural, construction, electrical appliances, transportation, kitchen appliances, chimney, etc. The company's products are used in both commercial and residential applications and are sold both in India and overseas.
The company is constantly striving to expand its product portfolio by developing new designs. The company is in constant contact with its customers, whom it targets through personal marketing. The sales team works closely with its customers to get their insights and feedback on the upcoming trends in the industry, which enables us to develop and improve the products to meet the demands of the market.
| Incorporation | Sector | IPO Issue Size | Website |
| 2002 | Steel Industry | ₹165.03 Cr | https://ratnaveer.com/ |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 3,368,000 (28.57%) | 2,526,000 (21.43%) | 5,894,000 (50%) | 11,788,000 | |
| 1 | 4th Sep 2023 19:04 | 0.05x | 9.10x | 7.84x | 5.88x |
| 2 | 5th Sep 2023 19:04 | 4.21x | 42.33x | 23.34x | 21.94x |
| 3 | 6th Sep 2023 19:04 | 133.05x | 135.21x | 54.00x | 93.99x |
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 255.92 | 308.63 | 389.05 |
| Revenue | 364.05 | 428.47 | 481.14 |
| Profit After Tax | 5.46 | 9.48 | 25.04 |
| Net Worth | 56.58 | 65.97 | 106.05 |
| Reserves and Surplus | 52.32 | 61.71 | 71.16 |
| Total Borrowing | 150.76 | 190.73 | 229.99 |
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Ratnaveer Precision Engineering Limited | 7.26 | 7.26 | 30.74 | 29.12 | Consolidated | |
| M.M. Forgings Limited | 52.02 | 52.02 | 285.31 | 20.26 | 18.23 | Consolidated |
| Menon Bearings Limited | 5.84 | 5.84 | 23.79 | 23.07 | 24.47 | Consolidated |
| Venus Pipes & Tubes Limited | 22.6 | 22.6 | 158.75 | 59.93 | 9.83 | Consolidated |
Last Updated on 15-Sep-2023 06:02:51
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Ratnaveer Precision Engineering IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Ratnaveer Precision Engineering IPO with Zerodha.
Alternate approch to apply in Ratnaveer Precision Engineering IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Ratnaveer Precision Engineering IPO Review and Important Updates
Other relevant questions :
How to subscribe Ratnaveer Precision Engineering IPO Zerodha? How to purchase Ratnaveer Precision Engineering IPO on Zerodha? Ratnaveer Precision Engineering IPO how to buy Zerodha? Ratnaveer Precision Engineering IPO Zerodha apply. Ratnaveer Precision Engineering IPO purchase Zerodha. Ratnaveer Precision Engineering IPO with Zerodha. Ratnaveer Precision Engineering IPO at Zerodha. Ratnaveer Precision Engineering IPO kite Zerodha. Ratnaveer Precision Engineering IPO using Zerodha. Ratnaveer Precision Engineering IPO via Zerodha.
To subscribe or apply in Ratnaveer Precision Engineering IPO, you can use the following methods:
| Ratnaveer Precision Engineering IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Ratnaveer Precision Engineering IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Ratnaveer Precision Engineering IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Ratnaveer Precision Engineering IPO. Most of the Syndicate Banks provide access to apply in Ratnaveer Precision Engineering IPO via ASBA process. You must have your net banking access, DP ID information to apply in Ratnaveer Precision Engineering IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Ratnaveer Precision Engineering IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Ratnaveer Precision Engineering IPO Review and Important Updates
Other relevant question on same topics are:
Where to subscribe Ratnaveer Precision Engineering IPO? Where to apply for Ratnaveer Precision Engineering IPO? How to subscribe Ratnaveer Precision Engineering IPO online? Ratnaveer Precision Engineering IPO where to apply? Where to buy Ratnaveer Precision Engineering IPO online? How to buy Ratnaveer Precision Engineering IPO online? How to purchase Ratnaveer Precision Engineering IPO? How to get Ratnaveer Precision Engineering IPO? How to book Ratnaveer Precision Engineering IPO? How to invest Ratnaveer Precision Engineering IPO? Ratnaveer Precision Engineering IPO kaise buy kare?
Applying in Ratnaveer Precision Engineering IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Ratnaveer Precision Engineering IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Ratnaveer Precision Engineering IPO, please refer article >> Link
Ratnaveer Precision Engineering IPO Review and Important Updates
Steps to download the online application form for Ratnaveer Precision Engineering IPO
Or
Other relevant questions:
How to fill Ratnaveer Precision Engineering IPO form? How to fill Ratnaveer Precision Engineering IPO form online? Ratnaveer Precision Engineering IPO online form? Ratnaveer Precision Engineering IPO online form fill up? Ratnaveer Precision Engineering IPO blank form download? Ratnaveer Precision Engineering IPO bid form? Ratnaveer Precision Engineering IPO full form? Ratnaveer Precision Engineering IPO form nse? Ratnaveer Precision Engineering IPO form bse? Ratnaveer Precision Engineering IPO form online? Ratnaveer Precision Engineering IPO form print? Ratnaveer Precision Engineering IPO application amount?
Ratnaveer Precision Engineering IPO is going to be list on 11-09-2023. NSE Code for Ratnaveer Precision Engineering is RATNAVEER. BSE Code for Ratnaveer Precision Engineering is 543978.
Other relevant questions:
When Ratnaveer Precision Engineering IPO will be listing? Ratnaveer Precision Engineering IPO NSE listing date?Ratnaveer Precision Engineering IPO date of listing.Ratnaveer Precision Engineering IPO BSE listing date?
Ratnaveer Precision Engineering IPO Allotment Date is 07-09-2023.
Other relevant questions:
Ratnaveer Precision Engineering IPO share allotment date?Ratnaveer Precision Engineering IPO allotment date?
