Ratnaveer Precision Engineering IPO Highlights
- The Ratnaveer Precision Engineering IPO price is ₹93 to ₹98 per share.
- Ratnaveer Precision Engineering IPO opens on 4 September 2023 and closes on 6 September 2023. The allocation of equity shares for this IPO will be finalised on 11 September 2023 and the IPO listing will take place on 14 September 2023.
- The bidding for anchor investors will open on 1 September 2023
Company details
Objects of the Offer
- Funding the working capital requirements of the company.
- General corporate purposes
Ratnaveer Precision Engineering IPO Details, Price, Market Lot
| IPO Details | |
| IPO Open Date | 4 September 2023 |
| IPO Close Date | 6 September 2023 |
| IPO Issue Size | 16,840,000 equity shares aggregating to ₹ [●] Million |
| Fresh Issue | 13,800,000 equity shares aggregating to ₹ [●] Million |
| Offer for Sale | 3,040,000 equity shares aggregating to ₹ [●] Million |
| Listing At | NSE, BSE |
| IPO Reservation | |
| Retail Portion Offered | Not less than 35.00% of the offer |
| NII (HNI) Portion Offered | Not less than 15.00% of the offer |
| QIB Portion Offered | Not more than 50.00% of the offer |
| IPO Price | |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹93 to ₹98 per equity share |
| Employee Discount | — |
| IPO Issue Type | Book Built Issue |
| IPO Market Lot For Retail Investors | |
| No. of Shares Per Lot | 150 equity shares |
| Minimum Lot Size | 1 lot of 150 equity shares |
| Maximum Lot Size | 13 lots of 1950 equity shares |
| Minimum Amount (Cut-off price) | ₹14,700 |
| Maximum Amount (Cut-off price) | ₹191,100 |
| IPO Market Lot For S-HNI | |
| No. of Shares Per Lot | 1 lot of 150 equity shares |
| Minimum Lot Size | 14 lots of 2100 equity shares |
| Maximum Lot Size | 68 lots of 10,200 equity shares |
| Minimum Amount (Cut-off price) | ₹205,800 |
| Maximum Amount (Cut-off price) | ₹999,600 |
| IPO Market Lot For B-HNI | |
| No. of Shares Per Lot | 1 lot of 150 equity shares |
| Minimum Lot Size | 69 lots of 10,350 equity shares |
| Minimum Amount (Cut-off price) | ₹1,014,300 |
Ratnaveer Precision Engineering IPO Date, Listing Date, Allotment Date
The Ratnaveer Precision Engineering IPO is scheduled to open on 4 September 2023 and close on 6 September 2023. The allocation of equity shares for this IPO will be finalised on 11 September 2023 and the IPO listing will take place on 14 September 2023.
| Time Table (Tentative) | |
| IPO Open Date | 4 September 2023 |
| IPO Close Date | 6 September 2023 |
| Basis of Allotment Date | 7 September 2023 |
| Initiation of Refunds | 8 September 2023 |
| Credit of Share to Demat Account | 8 September 2023 |
| IPO Listing Date | 11 September 2023 |
Financial Report (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
| ₹ in Million | ||||
| 31 March 2023 | 3890.48 | 4,811.45 | 250.44 | 1060.54 |
| 31 March 2022 | 3086.32 | 4,284.72 | 94.76 | 659.74 |
| 31 March 2021 | 2559.24 | 3,640.51 | 54.59 | 565.77 |
Ratnaveer Precision Engineering IPO Valuation
| Price to Earning P/E Ratio | — |
| Earning Per Share (EPS) | 7.26 |
| Return on Net Worth | 29.12% |
| Net Asset Value (NAV) | 30.74 |
Ratnaveer Precision Engineering IPO Peer Comparison (2023)
| Company | P/E | EPS (Basic) | EPS (Diluted) | NAV | RONW |
| Ratnaveer Precision Engineering | — | 7.26 | 7.26 | 30.74 | 29.12% |
| M.M. Forgings | 20.26 | 52.02 | 52.02 | 285.31 | 18.23% |
| Menon Bearings | 23.07 | 5.84 | 5.84 | 23.79 | 24.47% |
| Venus Pipes & Tubes | 59.93 | 22.60 | 22.60 | 158.75 | 9.83% |
Ratnaveer Precision Engineering IPO Time Table and Shares Offered for Anchor Investors
Ratnaveer Precision Engineering IPO Anchor bid date is 1 September 2023.
Anchor Investors cannot withdraw or lower the size of their Bids at any stage after submission of the Bid.
50% of the equity shares allotted to anchor investors in the anchor investor portion shall be locked in for a period of 90 days from the date of Allotment, while the remaining 50% of the equity shares allotted to anchor investors in the anchor investor portion shall be locked in for a period of 30 days from the date of allotment.
| Shares Offered | |
| Amount | |
| Bid Date | 1 September 2023 |
| Lock-in period end date for 50% of Shares (30 days) | |
| Lock-in period end date for remaining 50% equity shares (90 days) |
Company Promotor & Promotor’s Holding
Mr Vijay Ramanlal Sanghavi is the promoter of Ratnaveer Precision Engineering.
| Pre Issue Promotor’s Holding | 86.30% |
| Post Issue Promotor Holding | 55.48% |
Company Address
Registered Office: Plot no. E-77, G.I.D.C., Savli (Manjusar), Vadodara – 391 775, Gujarat, India
Corporate Office: Office No. 703 & 704 Ocean Building, 7th Floor, Vikram Sarabhai Campus, Genda Circle Vadiwadi, Vadodara- 390 023, Gujarat, India
- Phone:+91 8487878075
- Email: cs@ratnaveer.com
- Website: www.ratnaveer.com
Ratnaveer Precision Engineering IPO Registrar, Lead Manager, Prospectus
| IPO Prospectus |
|
| IPO Registrar |
LINK INTIME INDIA PRIVATE LIMITED
|
| IPO Lead Manager |
UNISTONE CAPITAL PRIVATE LIMITED
|
IPO Review
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FAQ
What is Ratnaveer Precision Engineering IPO?
Ratnaveer Precision Engineering IPO is a main-board IPO. The IPO is being made through the Book Building Process, where floor price, cap price and face value per equity share are Rs 93, Rs 98 and Rs 10 respectively. Investors can bid for a minimum of 150 equity shares and in multiples of 150 equity shares thereafter.
What is the Share Price of Ratnaveer Precision Engineering?
The Ratnaveer Precision Engineering IPO is being made through the Book Building Process, where floor price, cap price and face value per equity share are Rs 93, Rs 98 and Rs 10 respectively.
What is the size of Ratnaveer Precision Engineering IPO?
The size of Ratnaveer Precision Engineering IPO is 16,840,000 equity shares. 13,800,000 equity shares are for the fresh issue and 3,040,000 equity shares are for the offer for sale. wherein not more than 50.00% of the Offer shall be available for allocation to Qualified Institutional Buyers, not less than 15.00% of the Offer shall be available for allocation to Non-Institutional Investors and not less than 35.00% of the Offer shall be available for allocation to Retail Individual Investors
What is the Price Band of Ratnaveer Precision Engineering IPO?
The price band for Ratnaveer Precision Engineering IPO is Rs. 93 to Rs. 98 per equity share. Investors may place a minimum bid of 150 equity shares or bid in multiples of 150 equity shares.
When Ratnaveer Precision Engineering IPO will Open?
The Ratnaveer Precision Engineering IPO opens on 4 September 2023 and closes on 6 September 2023.
When is Ratnaveer Precision Engineering IPO Allotment date and Listing date?
The basis of allotment for Ratnaveer Precision Engineering IPO will be finalised on 11 September 2023 and the shares will be credited to the investor’s demat account by 13 September 2023