Discover key details about Ratnaveer Precision Engineering Ltd. IPO - the opening and closing dates, price band, lot size, and more.
Ratnaveer Precision Engineering Limited, India's top stainless steel washer manufacturer, also produces sheets, pipes, tubes, and solar roofing hooks.
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
· 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.
The key objectives of this IPO are to fund the working capital requirement for the company and finance the general corporate objectives.