Ratnaveer Engineering IPO is Live

Discover key details about Ratnaveer Precision Engineering Ltd. IPO - the opening and closing dates, price band, lot size, and more.

About Ratnaveer IPO

Ratnaveer Precision Engineering Limited, India's top stainless steel washer manufacturer, also produces sheets, pipes, tubes, and solar roofing hooks.

IPO Details

IPO Open Date: 04th Sep 2023

IPO Closing Date: 06th September 2023

Issue Size: Rs. 156.61 Crore

Price Band: Rs. 93– 98

Lot Size: 150 Shares in each lot

Allotment Date: 11th September 2023

Listing Date: 14th September


· Diverse product range for varied applications

· Expert promoters

· Balanced, young and   experienced management.

· Quality-centric manufacturing sites

· Global presence

Risks to Consider

· Concentrated sales in the west and north zones.

· Lack of long-term supplier agreements impacts procurement.

· High revenue dependency on few customers without long-term contracts.

IPO Objective

The key objectives of this IPO are to fund the working capital requirement for the company and finance the general corporate objectives.