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Apr 11, 2024

Ratnaveer Precision Engineering IPO

Ratnaveer Precision Engineering Limited is all set to launch its IPO, with the subscription period commencing on September 4, 2023. As a prominent player in the stainless steel manufacturing industry,

Ratnaveer Precision Engineering Limited is all set to launch its IPO, with the subscription period commencing on September 4, 2023. As a prominent player in the stainless steel manufacturing industry, Ratnaveer Precision Engineering’s IPO has garnered significant attention from investors. In this comprehensive article, we will provide you with a detailed overview of the Ratnaveer IPO, including important dates, key company information, positive and negative factors, and a comprehensive review to help you make an informed investment decision.

Also Read: Rishabh Instruments IPO Review

Table of Contents

Ratnaveer Precision Engineering Limited, established in 2002, specializes in the manufacturing of stainless steel finished sheets, washers, solar roofing hooks, pipes, and tubes. With a diverse customer base spanning industries such as automotive, solar power, power plants, pharmaceuticals, and more, the company has carved out a significant presence in the stainless steel products sector.

The company operates four manufacturing units, with Unit-I and Unit-II located in GIDC, Savli, Vadodara, Gujarat, and dedicated to the production of SS finishing sheets, washers, and solar mounting hooks. Unit-III, situated in Waghodia, Vadodara, handles the steel melting process, transforming steel scrap into ingots, while Unit-IV, in GIDC, Vatva, Ahmedabad, focuses on rolling flat ingots into SS sheets, the raw material for SS washers.

Ratnaveer Precision Engineering is poised to expand its product line by introducing circlips and has secured land for this purpose.

Here are the financial highlights of the company:

The issue contains OFS where the funds would go to selling share holders and fresh issue. The net proceeds from the fresh issue would be used for the following objectives:

The IPO price band for Ratnaveer Precision Engineering is set at ₹ 93 to ₹ 98 per share. Here’s how the valuation stacks up:

Comparing these ratios with industry peers provides valuable context:

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The Ratnaveer Precision Engineering IPO presents both opportunities and challenges. Consider these key points before making an investment decision:

Pros:

Cons:

High risk tolerance investors can apply for this IPO.