What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Ratnaveer Precision Engineering Limited IPO?

Ratnaveer Precision Engineering Limited IPO has received a total subscription of 93.97 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Ratnaveer Precision Engineering Limited

ListedMainboard

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

₹52.5

+53.6%

Est. Listing

₹150.5

at current GMP

Subscribed

93.97x

overall

Open

4 Sep 2023

6 Sep 2023

Allotment

8 Sep 2023

Refund

9 Sep 2023

Demat Credit

10 Sep 2023

Listing

11 Sep 2023

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

93.97x

Total Demand

QIB Multiplier

133.05x

Institutions & Funds

NII / HNI

135.20x

High Net-Worth

Retail (RII)

53.97x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 93.97x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	3,368,000	448,116,600	133.05x
NIB	2,526,000	341,525,850	135.20x
HNIs(10L +)	1,684,000	219,982,050	130.63x
HNIs (2-10L)	842,000	121,543,800	144.35x
RETAIL	5,894,000	318,070,350	53.97x
Total	14,314,000	1,449,238,650	93.97x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 56.87x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	39,293	2,120,643	53.97x
HNIs (10L +)	251	33,935	135.20x
HNIs (2-10L)	1,203	162,646	135.20x
Total Applications	40,747	2,317,224	56.87x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Ratnaveer Precision Engineering Limited Public Issue & Market Profile

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.

Bidding & Quota Instructions:

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 Schedule:

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.

Frequently Asked Questions

What is Ratnaveer Precision Engineering Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Ratnaveer Precision Engineering Limited IPO is ₹52.5 per equity share. Based on the upper price band of ₹93 to ₹98 per equity share, the estimated listing price is ₹150.5 (+53.6% expected listing gain).

What is the expected profit per lot for Ratnaveer Precision Engineering Limited IPO?

With a lot size of 150 shares and current GMP of ₹52.5, the expected profit per application lot is approx ₹7,875 (+53.6% gain). Minimum application cost is approx ₹14,700.

What is the issue size and price band for Ratnaveer Precision Engineering Limited IPO?

The Ratnaveer Precision Engineering Limited IPO aggregate issue size is ₹165.03 Crores with an equity price band set at ₹93 to ₹98 per equity share. The retail lot size is 150 shares requiring a minimum capital outlay of approx. ₹14,700.

How can I check Ratnaveer Precision Engineering Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 93.97x (Retail: 53.97x, QIB: 133.05x, NII: 135.20x). You can track live multiples directly on our dedicated subscription page.

Where and when will Ratnaveer Precision Engineering Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2023-09-08. Investors can verify status using PAN card or application number.

When is the listing date for Ratnaveer Precision Engineering Limited IPO?

Ratnaveer Precision Engineering Limited shares are scheduled to list on NSE and BSE on 2023-09-11.