RATNAVEER PRECISION ENGINEERING LIMITED
₹ 93 - ₹ 98
04-Sep-2023 - 06-Sep-2023
₹ 14700.00

/ 150 Shares

RATNAVEER PRECISION ENGINEERING LIMITED

04-Sep-2023 - 06-Sep-2023

₹ 93 - ₹ 98

Price Band

₹ 14700.00

Minimum Investment

150

Bid Lot

16,840,000

Shares

IPO Details

Fresh Issue of 13,800,000 Equity Shares + Offer for Sale of upto 3,040,000 Equity Shares

Category % Shares/Amount
QIB 50% 8,420,000 Shares Rs. 82.52 Cr
HNI 1 5% 842,000 Shares Rs. 8.25 Cr @ 401 Form 1x
HNI 2 10% 1,684,000 Shares Rs. 16.50 Cr @ 802 Form 1x
Retail 35% 5,894,000 Shares Rs. 57.76 Cr @ 39293 Form 1x

Unistone Capital

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
39293 Form 1x 401 Form 1x 802 Form 1x

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 150 ₹ 14,700
Retail (Upto 2 Lakh) 13 1950 ₹ 191,100
S-HNI (2 Lakh to 10 Lakh) 14 2100 ₹ 205,800
S-HNI (2 Lakh to 10 Lakh) 68 10200 ₹ 999,600
B-HNI (Above 10 Lakh) 69 10350 ₹ 1,014,300

IPO Timeline

  • Open Date

    04-Sep-2023

  • Close Date

    06-Sep-2023

  • Basis of Allotment Date

    11-Sep-2023

  • Initiation of Refunds

    12-Sep-2023

  • Credit Shares to Demat A/c

    13-Sep-2023

  • IPO Listing Date

    14-Sep-2023

Subscription as on
06-Sep-2023 17:06

Category Book Size Subscription No. of Times
QIB 3,368,000 ₹ 33.01 Cr. 448,116,600 ₹ 4391.54 Cr. 133.05x
HNI (<10 LAKH) 842,000 ₹ 8.25 Cr. 121,518,600 ₹ 1190.88 Cr. 144.32x
HNI2 (>10 LAKH) 1,684,000 ₹ 16.50 Cr. 219,982,050 ₹ 2155.82 Cr. 130.63x
RETAIL 5,894,000 ₹ 57.76 Cr. 317,856,450 ₹ 3114.99 Cr. 53.93x
Total 11,788,000 1,107,473,700 93.95x
Category Book Size Subscription No. of Times
QIB 3,368,000 ₹ 33.01 Cr. 448,116,600 ₹ 4391.54 Cr. 133.05x
HNI (<10 LAKH) 842,000 ₹ 8.25 Cr. 121,518,600 ₹ 1190.88 Cr. 144.32x
HNI2 (>10 LAKH) 1,684,000 ₹ 16.50 Cr. 219,982,050 ₹ 2155.82 Cr. 130.63x
RETAIL 5,894,000 ₹ 57.76 Cr. 317,856,450 ₹ 3114.99 Cr. 53.93x
Total 11,788,000 1,107,473,700 93.95x

*Excluding Anchor

Total No. of Application Approx : ~2045094 (52.05 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • Ratnaveer Precision Engineering Limited (“RPEL”) was incorporated on February 20, 2002. RPEL is a stainless steel (“SS”) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes, and tubes. 
  • RPEL operates out of 4 manufacturing units, out of which 2 (Unit-I and Unit-II) are located at GIDC, Savli, Vadodara, Gujarat, one (Unit-III) is located at Waghodia, Vadodara, Gujarat and the other 1 (Unit-IV) is located at GIDC, Vatva, Ahmedabad, Gujarat. Their manufacturing units are strategically located with availability of transportation, which facilitates convenient transportation of their products.  
  • RPEL manufactures SS finishing sheets, SS washers and SS solar mounting hooks at their Unit I and SS pipes & tubes at their Unit II. Unit III and Unit IV are dedicated for the backward integration process. Unit III is the melting unit where they melt steel scrap and turn it 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.  
  • RPEL is one of the few companies who has a backward integration model, which is one of their major strengths and has helped them in maximising the returns on their investments. While their 2 units (Unit I and II) are dedicated for manufacturing the products which are offered to their customers, the other 2 units (Unit III and IV) are dedicated towards processing the byproducts generated in manufacturing their products. 
  • Company’s products find application across various industries including automotive, solar power, wind energy, power plants, oil & gas, pharmaceuticals, sanitary & plumbing, instrumentation, electro mechanics, architecture, building & construction, electrical appliances, transportation, kitchen appliances, chimney liners, etc. Their products are used in both commercial and residential sector and are sold within India and overseas.
  • Company’s product portfolio includes diversified variety of stainless-steel pipes in various specifications and sizes having wide applications in varied industries. They have taken the land at GIDC Industrial Estate, Savli, Dist. Vadodara, which is adjoining to their Unit I, on a 99-year lease from GIDC, for this expansion. 
Read More

Strengths

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

Company Promoters

Vijay Ramanlal Sanghavi is the Promoter, Chairman, Managing Director and Chief Financial Officer of the company. Babulal Sohanlal Chaplot is the Whole time Director of the company. Binita Verdia is a Non-Executive Director of the company. Ankita Dineshbhai Soni is an Independent Director of the company. Bharatkumar Kanchanlal Shah is an Independent Director of the company. Sreeram Vishwanathan Rishinaradamangalam is an Independent Director of the company. Prerana Rajeshbhai Trivedi is th

Company Financials

Ratnaveer Precision Engineering IPO Financial Information (Restated)
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

Amount in ? Crore

Objects of the Issue

  1. Funding the working capital requirements of the company.
  2. General corporate purposes.

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on InvestoYard’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

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