247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Ratnaveer Precision Engineering Limited IPO (Ratnaveer Precision Engineering IPO) Details

Ratnaveer Precision Engineering Limited is an Steel - Tubes And Pipes based company, located in Vadodara, Ratnaveer Precision Engineering Limited IPO size was 165.03 Cr. and was issued at 98.00 per share. The share of Ratnaveer Precision Engineering Limited were listed at 134.40 per share and are currently trading at 188.17 per share.

Type :
Sub Sector : Stainless Steel Finished Sheets Washers And Solar Roofing
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
481.14 Cr.

PAT :
25.04 Cr.

Pricing Report

Issue Price :
98.00

Listing Price :
134.40

Current Market Price :
188.17

Issue Price vs CMP :
90.17 (92.01%)

listing Price vs CMP :
53.77 (40.01%)

Performance Report (CAGR* wise)

CAGR : 61.31
-ve 0 6 9 12+
Above Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Ratnaveer Precision Engineering

Company Information
Ratnaveer Precision Engineering Limited is a manufacturer specializing in stainless steel (SS) products, focusing on producing finished sheets, washers, solar roofing hooks, pipes, and tubes. Stainless steel, known for its high corrosion resistance, is a value-added product that gains enhanced durability from higher levels of chromium and other alloy elements. This results in superior corrosion resistance, an aesthetically pleasing finish, and a longer lifespan compared to traditional steel. These characteristics have contributed to the growing global popularity of stainless steel. Globally, cold rolled flat products are the most produced stainless-steel items, followed by hot rolled coils, and steel wire rods and bars. According to the International Stainless-Steel Forum, cold rolled flat products account for about 47% of global stainless-steel trade. Other intermediary products traded globally
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Object of Issue
  • Funding the working capital requirements of the company
  • General Corporate Purposes

Ratnaveer Precision Engineering MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Sep, 2023
IPO Size :
165.03 Cr.
Market Cap :
475.29 Cr.   
IPO Subscription :
93.99 X     
PE Multiple :
0.00
IPO Registrar:
Link Intime India Private Limited

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FAQs

Ratnaveer Precision Engineering operates in Steel - Tubes And Pipes and Stainless Steel Finished Sheets Washers And Solar Roofing . The Issue is listed on MainBoard in Sep, 2023. Ratnaveer Precision Engineering IPO size was 165.03 Cr. with Issue price of 98.00 .

Merchant Banker(s) of Ratnaveer Precision Engineering IPO: Unistone Capital Private Limited

Ratnaveer Precision Engineering IPO subscription was 93.99 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Ratnaveer Precision Engineering IPO listed at a listing price of 134.40 against the offer price of 98.00.

The current market price of Ratnaveer Precision Engineering is 188.17.

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