-- / 150 shares

IPO Details

Issue Date

--

Investment/lot

--

Price Range

98

Lot Size

150

IPO Size

₹ 165.03 Cr

IPO Listing Details

Listing On

11 Sep'23

Issue Price

--

Listed Price

₹ 123.2

Retail Gain/Listing Gain

25.71%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

Ratnaveer Precision Engineering Ltd. is a stainless steel 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 a higher resistance to corrosion, a superior aesthetic finish and a higher life span.

Their products have applications across diverse industries, including automotive, solar power, wind energy, power plants, oil & gas, pharmaceuticals, sanitary & plumbing, instrumentation, electromechanics, architecture, building & construction, electrical appliances, transportation, kitchen appliances, chimney liners, etc. These products are utilised in both commercial and residential sectors, and they are distributed within India and overseas.

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Synergistic Business Model focused on Backward Integration
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Consistent financial performance
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Customer Diversification
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  • Long-term contractual agreements with raw material suppliers are not in place.
  • The pricing in the steel industry is subject to market demand, volatility and economic conditions.
  • While the company is not dependent on a single customer, they are dependent on a few customers for a major part of their revenues.

Here are a few strategies for Ratnaveer Precision Engineering Limited has for its business:

  • Continue to add to the product portfolio by introducing new designs
  • Technology integration and plant automation for cost efficiency and improved productivity.
  • Maintain a diverse, longstanding and growing global customer base.

And finally here’s a look at key financials of Ratnaveer Precision Engineering Limited.

Particulars (in Rs. million)

Particulars (in Rs. million)

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Top Ratnaveer Precision Engineering Ltd IPO FAQs

Ratnaveer Precision Engineering Ltd will list on 2023-09-11.

165.03 is the issue size of Ratnaveer Precision Engineering Ltd IPO.

The price band of Ratnaveer Precision Engineering Ltd IPO is ₹98 to ₹0.

The Ratnaveer Precision Engineering Limited IPO has an issue size of Rs. 165.03 crores. The IPO opens for subscription on 4th September and closes on 6th September 2023.

Link Intime India Private Limited is the registrar for this IPO.

You may read more about Ratnaveer Precision Engineering Limited and its IPO from the company’s red herring prospectus (RHP) here: Ratnaveer Precision Engineering Limited RHP.

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