Ratnaveer Share: IPO Details, Listing Performance & Company Updates

Ratnaveer Precision Engineering IPO: Listing Performance and Company Updates

Incorporated in 2002, Ratnaveer Precision Engineering Limited manufactures stainless steel finished sheets, washers, solar roofing hooks, pipes, and tubes.

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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.

SYMBOL	RATNAVEER
ISSUE TYPE	Book Built Issue IPO
ISSUE OPENS ON	September 04, 2023 (Monday)
ISSUE CLOSES ON	September 06, 2023 (Wednesday)
ISSUE PRICE	Rs.93 To Rs.98 per share
ISSUE SIZE	Up to Rs.165.03 Crores
FACE VALUE	Rs.10 per share

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.

MINIMUM BID	150 shares
MINIMUM AMOUNT	Rs.14,700
MAXIMUM BID	1950 shares
MAXIMUM AMOUNT	Rs.1,91,100
PROMOTER HOLDING	55.48% (Post-issue)
LISTING DATE	September 14,2023 (Thursday)
LISTING AT	NSE-BSE

Ratnaveer intends to expand its portfolio of SS washers by adding circlips to the product line, it currently offers over 2,500 SKUs of SS washers including inner ring washers, spring washers, nord lock washers, retaining rings, internal tooth washers and external tooth washers of different sizes and specifications. For this, the company has also taken land located at E-78, GIDC Industrial Estate, Savli, Dist. Vadodara, Gujarat which is adjoining to Unit I, on a 99-year lease from GIDC.

In the fiscal year 2023, the company recorded a total revenue from operations of Rs. 4,797.30 million which includes a domestic turnover of Rs. 3,875.39 million and an export turnover of Rs. 921.91 million.

Ratnaveer Listing Performance and Post-Listing Update  

Ratnaveer Precision Engineering Limited was listed on the stock exchanges following its September 2023 IPO. Since listing, investors can follow the company’s share performance, financial results and corporate announcements through official exchange disclosures.

How to Check Ratnaveer Share Information  

Readers researching Ratnaveer shares should review:

• Current share price: Refer to the official exchange quote for the latest available market data.

• Listing performance: Compare the listing price with the IPO issue price using verified historical data.

• Financial performance: Review the latest quarterly and annual results.

• Corporate announcements: Check exchange filings for material updates, fundraising and other disclosures.

• Business performance: Review revenue, profitability, debt and cash flow before drawing conclusions about the company.

For the latest company disclosures, visit the official NSE corporate filings page for Ratnaveer.

Disclaimer: This information is for educational purposes only and is not a recommendation to buy or sell shares. Share prices fluctuate, and past performance does not guarantee future results.

1. Stock Market Investing  

Investors researching listed companies should understand how stock prices move and which factors influence market performance. Read our guide on long-term investment strategies to learn about evaluating company fundamentals, financial performance and investment risks.

2. Price and Volume Analysis  

Share price movements and trading volume can provide information about market activity, although they do not guarantee future price direction. Learn more about price and volume breakout strategies to understand how traders analyse price movements and trading volume.

3. Stock Accumulation and Distribution  

Investors and traders may also study trading volume and price behaviour to understand market trends. Explore our article on identifying stock accumulation and distribution using volume and price for an explanation of these technical analysis concepts.

Objects of the Issue

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

• Funding the working capital requirements of the company.
• General corporate purposes

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