-- / 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%
IPO Timeline
Company Background
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.
Risk Factors
- 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.
Key Strategies
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.
Key Financials
And finally here’s a look at key financials of Ratnaveer Precision Engineering Limited.
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•00m 59s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
How to apply for an IPO using UPI
Ratnaveer Precision Engineering Ltd IPO FAQs
When is Ratnaveer Precision Engineering Ltd IPO listing date?
Ratnaveer Precision Engineering Ltd will list on 2023-09-11.
What is the issue size of Ratnaveer Precision Engineering Ltd IPO?
165.03 is the issue size of Ratnaveer Precision Engineering Ltd IPO.
What is the price band of the Ratnaveer Precision Engineering Ltd IPO?
The price band of Ratnaveer Precision Engineering Ltd IPO is ₹98 to ₹0.
What is the Ratnaveer Precision Engineering Limited IPO?
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.
Who is the Registrar for Ratnaveer Precision Engineering Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
Where can I read more about Ratnaveer Precision Engineering Limited’s business?
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.
