What is the issue size of Ratnaveer Precision IPO?

The issue size of the Ratnaveer Precision IPO is Rs 165.03 Cr

What is 'pre-apply' for Ratnaveer Precision IPO?

Pre-apply will alow you to apply for the Ratnaveer Precision IPO 2 days before the subscription period starts.

If I pre-apply for Ratnaveer Precision IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Ratnaveer Precision IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Ratnaveer Precision IPO order is placed?

We will notify you when your Ratnaveer Precision IPO order is placed with the exchange.

What are the open and close dates of the for Ratnaveer Precision IPO?

Ratnaveer Precision IPO will be open between 4 Sept - 6 Sept, 2023.

What is the lot size and minimum order quantity of the Ratnaveer Precision IPO?

Ratnaveer Precision Limited IPO lot size is 150 shares.

What are the allotment dates for the Ratnaveer Precision IPO?

Ratnaveer Precision IPO allotment date is 11 Sept, 2023. For Ratnaveer Precision IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Ratnaveer Precision IPO?

Ratnaveer Precision IPO registrar is Link Intime India Private Ltd. You can check Ratnaveer Precision IPO allotment status on the website of the registrar.

Where is the Ratnaveer Precision IPO getting listed?

The shares are proposed to be listed on BSE and NSE.

Ratnaveer Precision IPO

Ratnaveer Precision Engineering Limited

₹13,950 /150 sharesMinimum Investment

Ratnaveer Precision IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
BSE & NSE₹98.00₹123.00₹25.00 (25.51%)
Ratnaveer Precision IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
4 Sep ‘23 - 6 Sep ‘23₹13,950150₹93 - ₹98
Issue SizeIPO Doc
165.03CrRHP PDF
Subscription Status As on 06 Sep '23, 5:45 PMQualified Institutional Buyers
133.05x
Non-Institutional Investor
135.20x
Retail Individual Investor
53.96x
Employees
0.00x
Total
93.97x
About Ratnaveer PrecisionIncorporated 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.;
Parent Organisation
Ratnaveer Precision Engineering Limited
Founded
2002
Managing Director
Mr. Vijay Ramanlal Sanghavi
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.
Ratnaveer Precision lacks long-term agreements with its raw material suppliers, which may lead to difficulties in obtaining the desired quality and quantity of materials promptly and at reasonable costs. 
The steel industry's pricing is susceptible to market demand, volatility, and economic conditions. Fluctuations in steel prices could significantly harm the company's business and financial condition.
The company heavily relies on a few customers for most of its revenues. Moreover, the company does not engage in long-term arrangements with its customers, making it vulnerable to adverse effects if these existing arrangements are disrupted.
In the year ending March 31, 2023, approximately 69.16% and 11.63% of domestic sales revenue came from the western and northern zones, respectively. Any adverse developments in these markets could harm Ratnaveer Precision's business. 
The company operates in a high-volume, low-margin business. Sudden price fluctuations in traded goods or unexpected anomalies in business operations.
The company experienced negative cash flows in its operating, investing, and financing activities in the past three financial years.
The company has not obtained the necessary approval from the competent authority for a portion of its Unit-I factory premises, measuring approximately 1,300 square meters.
As of March 31, 2023, the company had total borrowings amounting to Rs. 229.99 crore, which includes secured loans from banks and financial institutions.
All production units are concentrated in Gujarat, making the company susceptible to localized social unrest, natural disasters, service breakdowns, or regional production disruptions. 
The company has previously been non-compliant with environmental law requirements, and there is no assurance of timely or future compliance.
The company has a high debt-equity ratio, being 2.17%, 2.89%, and 2.67% for 2023, 2022, and 2021, respectively.
The company has unsecured loans amounting to Rs. 10.23 crore from related parties, which can be recalled at any time.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹93 - 98₹2 Lakh
High Networth Individual₹93 - 98₹2 - 5 Lakh
For Ratnaveer Precision IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
BSE & NSE	₹98.00	₹123.00	₹25.00 (25.51%)

Bidding Dates	Min. Investment	Lot Size	Price Range
4 Sep ‘23 - 6 Sep ‘23	₹13,950	150	₹93 - ₹98

Issue Size	IPO Doc
165.03Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹93 - 98	₹2 Lakh
High Networth Individual	₹93 - 98	₹2 - 5 Lakh

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