Ratnaveer Precision Engineering Limited IPO
₹93 - ₹98
150
93.99
| Open Date: | 04-Sep-2023 |
| Close Date: | 06-Sep-2023 |
| Allotment Date: | 07-Sep-2023 |
| Listing Date: | 11-Sep-2023 |
| Listing Price: | ₹117.25/- |
| Face Value: | ₹10 Per Equity Share |
| Issue Price: | ₹93-98 Per Equity Share |
| Issue Size: | Total Issue Size 16,840,000 shares (aggregating up to ₹165.03 Cr) : Fresh Issue 13,800,000 shares (aggregating up to ₹135.24 Cr) : Offer for Sale 3,040,000 shares of ₹10 (aggregating up to ₹29.79 Cr) |
| Market Lot (Min Amount): | Retail - ₹14,700 : S-HNI - ₹205,800 : B-HNI - ₹1,014,300 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 3,368,000 | 2,526,000 | 5,894,000 | 11,788,000 |
| Day 1 - 04-09-23 05:00 PM | 0.05x | 9.10x | 7.84x | 5.88x |
| Day 2 - 05-09-23 05:00 PM | 4.21x | 42.33x | 23.34x | 21.94x |
| Day 3 - 06-09-23 05:00 PM | 133.05x | 135.21x | 54.00x | 93.99x |
| Total No. of Application: | 2,077,306 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 52.87x | |||
| Earning Per Share(EPS) | ₹7.26/- |
| P/E Ratio | 18.99 |
| RoNW | 29.12% |
| Net Asset Value (NAV) - Post Issue: | ₹30.74/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Mar,2023 | 389.05 | 481.14 | 25.04 |
| 31 Mar,2022 | 308.63 | 428.47 | 9.48 |
| 31 Mar,2021 | 255.92 | 364.05 | 5.46 |
| Pre Issue Share Holding | 86.3% |
| Post Issue Share Holding | 55.48% |
| 1. Mr. Vijay Ramanlal Sanghavi |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Funding the working capital requirements of the company.
- General corporate purposes
Incorporated in 2002, Ratnaveer Precision Engineering Limited 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.
In the fiscal year 2023, the company recorded a total revenue from operations of Rs. 4,797.30 million which includes a domestic turnover of Rs. 3,875.39 million and an export turnover of Rs. 921.91 million.
No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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