Ratnaveer Precision Engineering is gearing up for its initial public offering (IPO), set to kick off on September 4, 2023, and conclude on September 6. This IPO takes the form of a book-built issue, with a total issue size amounting to Rs 165.03 crore. Post-subscription and share allotment, the company anticipates listing its shares on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Ratnaveer Precision Engineering IPO Date
Ratnaveer Precision Engineering specializes in the production of various stainless steel finished products, encompassing sheets, washers, solar roofing hooks, pipes, and tubes. Their diverse product range caters to a wide array of industries, including automotive, solar power, wind energy, power plants, oil & gas, pharmaceuticals, sanitary & plumbing, instrumentation, electromechanics, architecture, building & construction, electrical appliances, transportation, kitchen appliances, chimney liners, and more.
In terms of market sentiment, the Grey Market Price (GMP) for Ratnaveer Precision Engineering Limited’s shares currently stands at a premium ranging from Rs 40 to Rs 50 per share.
Following the subscription period, the allocation of shares to subscribers is scheduled for Monday, September 11.
Investors and stakeholders can look forward to the IPO of Ratnaveer Precision Engineering, a company with a diverse product portfolio and promising prospects in various industries.
Listing Date and Allotment
Following the allocation and crediting of shares to subscribers’ demat accounts, the shares are scheduled for listing on the stock exchange on September 14, 2023.
The Indian stock market is abuzz with anticipation as the Ratnaveer Precision Engineering IPO (Initial Public Offering) gears up for its listing date on September 14, 2023. This offering promises an opportunity for investors to become part of the company’s journey, but before you dive in, let’s explore the essential details and objectives of this IPO.
After the shares are allocated and credited to subscribers’ demat accounts, they are set to debut on the stock exchange on September 14, 2023.
Ratnaveer Precision Engineering IPO Price
The Ratnaveer Precision Engineering IPO offers shares at a competitive price range, ranging from Rs 93 to Rs 98 per share. This flexibility in pricing allows a diverse range of investors to participate.
Investors eyeing this IPO are required to purchase a minimum lot size of 150 shares. This arrangement ensures that both small and large investors have a chance to participate.
Investment Spectrum
For those considering the investment potential, here’s a breakdown:
– The minimum investment for Ratnaveer Precision Engineering IPO is Rs 13,950 (calculated as Rs 93 per share multiplied by 150 shares).
– The maximum investment stands at Rs 14,700 (calculated as Rs 98 per share multiplied by 150 shares).
Handling the intricacies of this IPO is Link InTime India Private Ltd, a reputable registrar known for its proficiency in managing such financial processes.
0bjectives of the Issue
The Ratnaveer Precision Engineering IPO isn’t just an opportunity for investors; it’s a strategic move for the company itself. The proceeds from this IPO will serve two critical purposes:
- Funding Working Capital: A portion of the funds raised will be allocated to meet the working capital requirements of the company. This is vital for its day-to-day operations and growth prospects.
- General Corporate Purposes: The IPO proceeds will also support general corporate purposes. This flexibility allows the company to explore various avenues for growth, including expansion and development.
In conclusion, the Ratnaveer Precision Engineering IPO presents an intriguing opportunity for investors to become part of a company poised for growth. With a reasonable price range, manageable lot size, and clear objectives for the funds raised, this IPO is generating considerable interest in the financial market. As the listing date approaches, investors will be watching closely to see how this engineering firm fares in the stock market landscape.