Ratnaveer Precision Engineering: Key IPO Details
Basic information about the company: Founded in 2002, Ratnaveer Precision Engineering Limited is a distinguished manufacturer specializing in stainless steel finished sheets, washers, solar roofing hooks, pipes, and tubes. The company's product range caters to a diverse spectrum of 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, and more. Diverse Product Portfolio
Ratnaveer Precision Engineering boasts an extensive range of stainless steel-based products, serving multiple industries. This diversification mitigates risk and positions the company to capitalize on the growth of various sectors.
Strong Promoter Backing
The company enjoys unwavering promoter support with Mr. Vijay Ramanlal Sanghavi holding 86.3% of pre-issue shares and 55.48% of post-issue shares. This alignment of interests between the promoter and shareholders instils confidence in the company's performance. Objectives of the IPO: 1. Strengthening Working Capital
The company's foremost goal is to reinforce its operational capabilities by infusing funds into its working capital requirements. This strategic move not only enhances financial stability but also positions the company to seize emerging opportunities in the market.
2. General Corporate Purposes
In addition to bolstering its working capital, Ratnaveer Precision Engineering plans to allocate a portion of the funds for general corporate purposes. This reflects the company's commitment to long-term growth and sustainability. Ratnaveer Precision Engineering: Key IPO Details For investors interested in participating in the IPO, the IPO details are as follows: IPO Dates: 4th to 6th Sept 2023
Price Band: ₹93 to ₹98
Lot Size: 150 Shares
Issue Size: 165 Crores
Retail Quota: 35%
Allotment Date: 11/12 Sept
Listing Date: 14th Sept 2023
Gmp: +40% (Only for information) Link for checking IPO Allotment Status👇🏻: https://linkintime.co.in/ipo/public-issues.html Join our WhatsApp Group for Trading/Investment ideas & Market Updates👇
Frequently Asked Questions (FAQs)
1. How can I apply for the Ratnaveer Precision Engineering IPO?
A: You can apply for the IPO through your preferred stockbroker or an online trading platform during the IPO dates.
2. What is the minimum lot size for this IPO?
A: The minimum lot size for the Ratnaveer Precision Engineering IPO is 150 shares.
3. When will the share allotment take place?
A: Share allotment is scheduled for September 11th/12th, 2023.
4. In which industries does Ratnaveer Precision Engineering operate?
A: Ratnaveer Precision Engineering serves various industries, including automotive, solar power, pharmaceuticals, and more.
5. Is there a Grey Market Premium (GMP) for this IPO?
A: Yes, as of September 2nd, the Grey Market Premium (GMP) for the Ratnaveer Precision Engineering IPO stands at +40%.
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