Stellar Dalal Street Debut for Ratnaveer Precision Engineering?

Ratnaveer Precision's Grey Market Premium of Rs 50 Hints at Strong Debut Gains for Investors on Listing Day. Read more>>

Stellar Debut for RPEL

Ratnaveer Precision Engineering's stock debuts with a 25.7% premium on NSE and 30.6% on BSE, making history.

Fast-Track IPO Listing

RPEL becomes the first company to debut on Indian bourses within three days of the issue closing, thanks to new SEBI rules.

Grey Market Buzz

A day before listing, RPEL shares commanded a Rs 50 premium in the grey market, signalling a strong debut for investors.

Strong Subscription

RPEL's IPO garners robust investor interest, with a 94 times subscription rate, particularly in the non-institutional and QIB categories.

Fund Utilization

Proceeds from the IPO to be used for working capital and general corporate purposes, while OFS money benefits selling shareholders.

Impressive Financials

RPEL's net profit grew by 164.3% in FY23, with strong EBITDA and revenue growth. The company excels in stainless steel products.