
Metals & Alloys · NSE / BSE
Ratnaveer Precision Engineering Limited, incorporated in 2002, manufactures stainless steel finished sheets, washers, solar roofing hooks, pipes, and tubes for industries including automotive, solar power, wind energy, power plants, oil & gas, pharmaceuticals, sanitary & plumbing, instrumentation, electromechanics, architecture, construction, electrical appliances, transportation, kitchen appliances, and chimney liners. The company operates four manufacturing units in Gujarat: Unit I and II at GIDC Savli (finished sheets, washers, solar hooks, and pipes/tubes), Unit III at Waghodia (melting unit), and Unit IV at GIDC Vatva (rolling unit). Ratnaveer offers over 2,500 SKUs of stainless steel washers and plans to expand into circlips, with additional land leased at GIDC Savli for expansion. In FY2023, the company recorded Rs. 4,797.30 million in revenue, comprising Rs. 3,875.39 million domestic and Rs. 921.91 million export turnover.
Price Band
₹93 – ₹98
Issue Size
₹165 Cr
Lot Size
150 shares
GMP
+53.6%
Est. Listing
₹150.5
at current GMP
Subscribed
93.97x
overall
Open
4 Sep 2023
Close
6 Sep 2023
Allotment
8 Sep 2023
Refund
9 Sep 2023
Demat Credit
10 Sep 2023
Listing
11 Sep 2023