Ratnaveer Precision Engineering is a stainless steel product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes. Stainless steel is a value-added product with high corrosion resistant properties.
- What is the business overview of Ratnaveer Precision Engineering?
Ratnaveer Precision Engineering is a stainless steel product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes. Stainless steel is a value-added product with high corrosion resistant properties. - What is the industry overview of Ratnaveer Precision Engineering?
The Indian stainless-steel sector, the second-largest producer (in 2022) and consumer in the world, has a total manufacturing installed capacity of more than 6.5 mn tons of stainless steel annually. The past four-year data reveals that the country’s stainless steel production in FY19 touched a level of 5.10 million tonnes. - What is the size of the Ratnaveer Precision Engineering IPO?
The IPO comprises fresh equity issue of 1.38 crore shares and an offer for sale (OFS) of 30.4 lakh shares. - Who are the selling shareholders under the OFS?
Under the OFS, promoter Vijay Ramanlal Sanghavi will sell 30.4 lakh shares. - What is the price band for the Ratnaveer Precision Engineering IPO?
The company has fixed a price band of Rs 93-98 per share and investors can bid for a minimum of 150 shares in one lot and in multiples thereafter. - What is the structure of the Ratnaveer Precision Engineering IPO?
About 50% of the offer is set aside for qualified institutional buyers, 15% is reserved for non-institutional investors and 35% for retail investors. - How is the financial performance of the Ratnaveer Precision Engineering IPO?
For the year ended March 2023, the company clocked a total income of Rs 481 crore and a profit after tax of Rs 25 crore. EBITDA for the year stood at Rs 47 crore, with margins of 9.8%. - What are the objectives of the Ratnaveer Precision Engineering IPO?
The proceeds from the fresh issue will be utilised towards funding working capital requirements and other general corporate purposes. - What is the current GMP of Ratnaveer Precision Engineering?
According to market analysts, the current GMP of Ratnaveer Precision Engineering is Rs 50 in the unlisted market. - Who are the book-running lead managers for the Ratnaveer Precision Engineering IPO?
Unistone Capital is acting as the sole book-running lead manager to the issue, while Link Intime India is the registrar.
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