Ratnaveer Precision IPO

Ratnaveer Precision Engineering Limited

₹13,950 /150 sharesMinimum Investment

Ratnaveer Precision IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹98.00₹123.00₹25.00 (25.51%)

Ratnaveer Precision IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
4 Sep ‘23 - 6 Sep ‘23₹13,950150₹93 - ₹98
Issue SizeIPO Doc
165.03Cr
RHP PDF

Subscription rate

Qualified Institutional Buyers133.05x
Non-Institutional Investor135.2x
Retail Individual Investor53.96x
Employees0x
Total93.97x

About the company

Incorporated in 2002, Ratnaveer Precision Engineering Limited specializes in manufacturing stainless steel (SS) items like finished sheets, washers, solar roofing hooks, pipes, and tubes. Initially, the company began by producing SS washers but later expanded to crafting SS finishing sheets, SS solar roofing hooks, and SS tubes and pipes. The company markets its products both domestically and internationally. It sells to manufacturers, traders/stockists, and end customers within the domestic market. Conversely, it supplies its products in the international market through traders/stockists. Operations are conducted across four manufacturing units. Two units (Unit-I and Unit-II) are situated at GIDC, Savli, Vadodara, Gujarat. Another unit (Unit-III) operates in Waghodia, Vadodara, Gujarat, while the final unit (Unit-IV) is located at GIDC, Vatva, Ahmedabad, Gujarat. The products manufactured by the company find application across various industries, including automotive, solar power, wind energy, power plants, oil & gas, pharmaceuticals, sanitary & plumbing, instrumentation, electromechanics, architecture, building & construction, electrical appliances, transportation, kitchen appliances, and chimney liners. These products serve both commercial and residential sectors.;
Founded in
2002
Managing director
Mr. Vijay Ramanlal Sanghavi
Parent organisation
Ratnaveer Precision Engineering Limited

Strength and risks

Strengths
Risks
Ratnaveer Precision operates a streamlined backward integration process that efficiently recycles manufacturing waste into reusable raw materials. It ensures minimal waste and maximizes resource utilization, bolstering cost-effectiveness.
Over time, the company has evolved from a single-product manufacturer into a diverse multi-product company. Their product range has 2,500 SKUs of stainless steel washers.
The company's operational revenue surged from Rs. 82.12 crore in 2011 to Rs. 479.75 crore in 2023, indicating a 14.54% CAGR over the past 13 years.
Their after-tax profit increased from Rs. 1.54 crore in 2011 to Rs. 25.04 crore in 2023.
The company houses an internal Research and Development (R&D) facility at Unit I, dedicated to crafting tools and molds for their products.
The company has been actively engaged in exports. As of March 31, 2023, they have a global presence, exporting their products to countries like Germany, the UK, Spain, the Netherlands, and more.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular93 - 98₹2 Lakh
High Networth Individual93 - 98₹2 - 5 Lakh
For Ratnaveer Precision IPO, eligible investors can apply as Regular.
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