
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
Designated Registrar: Link Intime India Private Limited
Allotment Date
8 Sep 2023
Basis finalization
Refunds Initiate
9 Sep 2023
Mandate release
Demat Credit
10 Sep 2023
Shares in demat
Listing Debut
11 Sep 2023
Trading begins
Ratnaveer Precision Engineering Limited is bringing an initial public offering (IPO) in the Metals & Alloys sector with an aggregate issue size of ₹165.03 Crores. The shares are offered at a price band of ₹93 to ₹98 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 150 shares (approx. ₹14,700 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-09-10, while un-allotted funds or UPI block mandates will be released on 2023-09-09.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.