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Ratnaveer Precision Engineering IPO

A maker of stainless steel (SS) products, Ratnaveer Precision Engineering specialises in creating finished sheets, washers, solar roofing hooks, pipes, and tubes. It has four production facilities, of which two (Unit-I and Unit-II) are at GIDC, Savli, Vadodara, Gujarat, one (Unit-III), at Waghodia, Vadodara, Gujarat, and the other (Unit-IV), at GIDC, Vatva, Ahmedabad, Gujarat. Its manufacturing facilities are ideally positioned near transportation, which makes it easy to deliver finished goods.

The company produces SS pipes and tubes at Unit II and SS finishing sheets, washers, and solar mounting hooks at Unit I. The backward integration procedure is the focus of Units III and IV. The melting unit is Unit III, where it melts. A maker of stainless steel (SS) products, Ratnaveer Precision Engineering specialises in creating finished sheets, washers, solar roofing hooks, pipes, and tubes. It has four production facilities, of which two (Unit-I and Unit-II) are at GIDC, Savli, Vadodara, Gujarat, one (Unit-III), at Waghodia, Vadodara, Gujarat, and the other (Unit-IV), at GIDC, Vatva, Ahmedabad, Gujarat. Its manufacturing facilities are ideally positioned near transportation, which makes it easy to deliver finished goods.

The company produces SS pipes and tubes at Unit II and SS finishing sheets, washers, and solar mounting hooks at Unit I. The backward integration procedure is the focus of Units III and IV. The melting unit is Unit III, where it melts.

Ratnaveer Precision Engineering IPO Details

Signature Global IPO Details
Ratnaveer Precision Engineering IPO Dates
4 – 6 September 2023
Ratnaveer Precision Engineering IPO Price
INR 93 – 98 per share
Fresh issue
13,800,000 shares (INR 128.34 – 135.24 crore)
Offer For Sale
3,040,000 shares (INR 28.27 – 29.79 crore)
Total IPO Size
16,840,000 shares (INR 156.61 – 165.03 crore)
Minimum bid (size)
150 shares (INR 14,700)
Face Value
INR 10 per share
Retail Allocation
35%
Listing On
NSE, BSE

Ratnaveer Precision Engineering Financial Performance

Signature Global Financial Performance

FY21

FY22

FY23

Revenue

359.66

426.94

479.75

Expenses

354.46

415.02

450.43

Net income

5.46

9.48

25.04

Margin (%)

1.52

2.22

5.22

Figures in INR Crore unless specified otherwise

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