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Open
4 Sep 2023
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Close
6 Sep 2023
3
Allotment
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Listing
Mon, Sep 11, 2023
Price Band
₹93 to ₹98
Issue Size
1,68,40,000 shares (agg. up to ₹165 Cr)
Lot Size
150 Shares
Listing Date
Mon, Sep 11, 2023
Latest GMP
₹52
Est. Gain
53.06%
✦ AI Insight
GMP Trend
11-09-2023₹52Est. ₹150+53.06%
10-09-2023₹45Est. ₹143+45.92%
09-09-2023₹45Est. ₹143+45.92%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 65.42x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 389.05 | 308.63 | 255.92 |
| Total Income | 481.14 | 428.47 | 364.05 |
| Profit After Tax | 25.04 | 9.48 | 5.46 |
| NET Worth | 106.05 | 65.97 | 56.58 |
| Reserves and Surplus | 71.16 | 61.71 | 52.32 |
| Total Borrowing | 229.99 | 190.73 | 150.76 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Aeroflex Industries Ltd. | Mainboard | ₹351.00 Cr | ₹108 | 40.91 | ₹163.25 | +51.16% | ₹410.85 (-2.26%) |
| Cosmic CRF Ltd. | SME | ₹57.21 Cr | ₹314 | 35.64 | ₹238.65 | -24.00% | ₹1,441.80 (+2.89%) |
| Krishca Strapping Solutions Ltd. | SME | ₹17.93 Cr | ₹54 | 3.43 | ₹112.90 | +109.07% | ₹171.60 (-1.89%) |
| De Neers Tools Ltd. | SME | ₹22.99 Cr | ₹101 | null | ₹180.50 | +78.71% | ₹196.45 (+0.74%) |
| Pattech Fitwell Tube Components Ltd. | SME | ₹12.00 Cr | ₹50 | 46.73 | ₹57.75 | +15.50% | ₹114.85 (-1.71%) |
| Maiden Forgings Ltd. | SME | ₹23.84 Cr | ₹63 | 8.38 | ₹59.86 | -4.98% | ₹90.50 (+1.17%) |
| Quality Foils (India) Ltd. | SME | ₹4.52 Cr | ₹60 | 4.16 | ₹97.70 | +62.83% | ₹60.00 (-1.40%) |
| Earthstahl & Alloys Ltd. | SME | ₹12.96 Cr | ₹40 | 4.22 | ₹57.75 | +44.38% | ₹14.92 (+0.00%) |
| Swastik Pipe Ltd. | SME | ₹62.52 Cr | ₹100 | 11.38 | ₹69.30 | -30.70% | ₹17.10 (+4.91%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | 85.00 |
| 2 | General Corporate Purposes | 30.02 |
| Total | 115.02 |
About Ratnaveer Precision Engineering IPO
Incorporated in 2002, Ratnaveer Precision Engineering Limited manufactures stainless steel finished sheets, washers, solar roofing hooks, pipes, and tubes. The company manufactures stainless steel-based products for 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 other industries. Ratnaveer Precision Engineering has 4 manufacturing units out of which two units; Unit-I and Unit-II are located at GIDC, Savli, Vadodara, Gujarat, Unit-III is located at Waghodia, Vadodara, Gujarat, and Unit-IV is located at GIDC, Vatva, Ahmedabad, Gujarat. The company manufactures SS finishing sheets, SS washers, and SS solar mounting hooks at Unit I and SS pipes & tubes at Unit II. Unit III and Unit IV are dedicated to the backward integration process. Unit III is the melting unit where melted steel scrap is turned into steel ingots, and Unit IV is the rolling unit where flat ingots are further processed to turn them into SS sheets which are the raw material for SS washers. Ratnaveer intends to expan
Contact Details
Ratnaveer Precision Engineering Ltd. AddressPlot no.E-77, G.I.D.C.Savli (Manjusar)Vadodara, Gujarat, 391775+91 8487878075cs@ratnaveer.comVisit Website