Ratnaveer Precision Share Price Target 2023, 2024, 2025, 2030, 2040, 2050

Incorporated in 2002, Ratnavir Precision Engineering Limited manufactures Stainless Steel Finished Sheet, Washer, Solar Roofing Hook, Pipe & Tube.

The company manufactures stainless steel based products for automotive, solar power, wind power, power plants, oil and gas, pharmaceuticals, sanitation and plumbing, instrumentation, electromechanics, architecture, building and construction, electrical equipment, transportation, kitchen equipment, chimney liners . , and other industries.

Ratnaveer Precision Engineering has 4 manufacturing units out of which two units are; Unit-I and Unit-II are located at GIDC, Savli, Vadodara, Gujarat, Unit-III is located at Waghodia, Vadodara, Gujarat, and Unit-IV is located at GIDC, Vatva, Ahmedabad, Gujarat. The company manufactures SS Finishing Sheet, SS Washer and SS Solar Mounting Hook in Unit I and SS Pipe and Tube in Unit II. Unit III and Unit IV are devoted to the backward integration process. Unit III is the melting unit where molten steel scrap is converted into steel ingots, and Unit IV is the rolling unit where flat ingots are further processed into SS sheets which are the raw material for SS washers.

Ratnaveer intends to expand its portfolio of SS Washer by adding Circlips to the product range, it currently offers over 2,500 SKUs of SS Washer which include Inner Ring Washer, Spring Washer, Nord Lock Washer, Retaining Ring, Inner Tooth Washer And a variety of external tooth washers are included. Size and Specifications. For this the company has also taken land at E-78, GIDC Industrial Estate, Savli, Distt. Vadodara, Gujarat adjacent to Unit I on 99 years lease from GIDC.

In fiscal year 2023, the company projects total revenue from operations of Rs. 4,797.30 million which includes domestic business of Rs. 3,875.39 million and export turnover of Rs. 921.91 million.

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Ratnaveer Precision Engineering IPO Details

Ratnaveer Precision Engineering IPO is a book built issue. The total issue size of the IPO is Rs 165.03 crore. Ratnaveer Precision Engineering IPO is priced at ₹93 to ₹98 per share. The IPO will be listed on BSE, NSE.

IPO Date	September 4, 2023 to September 6, 2023
Listing Date	[.]
Face Value	₹10 per share
Price	₹93 to ₹98 per share
Lot Size	150 Shares
Total Issue Size	16,840,000 shares (aggregating up to ₹165.03 Cr)
Fresh Issue	13,800,000 shares (aggregating up to ₹135.24 Cr)
Offer for Sale	3,040,000 shares of ₹10 (aggregating up to ₹29.79 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Share holding pre issue	34,699,040
Share holding post issue	48,499,040