Ratnaveer Precision Engineering Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Ratnaveer Precis

CMP

167.84

+5.26 (3.24%)

  • DRHP
₹98

Offer Price

₹ 165.03 Cr

Issue Size

₹ 14,700

Min Investment

93.99x

Times Subscribed

150

Lot size

Time Line

  • 04
    Sep 2023
    Open
  • 06
    Sep 2023
    Close
  • 07
    Sep 2023
    Finalisation of Basis of Allotment
  • 08
    Sep 2023
    Initiation of Refunds
  • 08
    Sep 2023
    Transfer of Shares to Demat Account
  • 11
    Sep 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Diverse, longstanding and growing global customer base

  • Continue to add to product portfolio by introducing new designs

  • Technology integration and plant automation for cost efficiency and improved productivity

Products & Services

  • The Company is a stainless steel ("SS") product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes.

Strengths

  • Wide product portfolio and multiple designs product enables the company to serve diverse end-use applications.

  • Experienced Promoter

  • Synergy of young and experienced management team with a committed employee base

  • Establish Presence in the international markets

  • Strategically located manufacturing facilities with a core focus on quality;

Risks

  • The company do not have long-term agreements with the company suppliers for raw materials and an inability to procure the desired quality, quantity of its raw materials in a timely manner and at reasonable costs, or at all, may have a negative impact on the company business, results of operations, financial condition and cash flows.

  • The pricing in the steel industry is subject to market demand, volatility and economic conditions. Fluctuations in steel prices may have a material adverse impact on its business, results of operations, prospects and financial conditions.

  • The company is dependent on a few customers for a major part of its revenues. Further the company do not enter into long-term arrangements with its customers and any failure to continue the company existing arrangements could adversely affect its business and results of operations.

  • A significant portion of the company domestic sales are derived from the western and north zone and any adverse developments in this market could adversely affect its business.

  • The company business is working capital intensive. If its experience insufficient cash flows from the operations or are unable to borrow to meet the company working capital requirements, it may materially and adversely affect its business and results of operations.

Company Promoters

Promoters Holding

Issue For IPO
83.60%
Pre Holding

83.60%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 426.94 (18.70%) 479.75 (12.40%) 29.12 (-)
Gross Profit 426.94 (18.70%) 479.75 (12.40%) 29.12 (-)
Net Income 426.94 (18.70%) 479.75 (12.40%) 29.12 (-)
Assets 426.94 (18.70%) 479.75 (12.40%) 29.12 (-)
Liabilities 426.94 (18.70%) 479.75 (12.40%) 29.12 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Ratnaveer Precision Engineering Ltd 479.75 25.04 336.04 228.93 29.12 0.00 30.39 6.16 0.68
M M Forgings Ltd 1,461.88 127.94 1,660.12 1,660.12 19.01 53.00 278.93 7.70 0.97
Menon Bearings Ltd 219.36 32.60 173.54 173.54 24.45 5.82 23.79 18.78 0.11
Venus Pipes & Tubes Ltd 552.40 44.21 507.44 507.44 13.72 22.60 158.75 8.71 0.28

Book Running Managers

  • Unistone Capital Pvt Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

Plot No E-77 GIDC,
Savli (Manjusar),
Vadodara - 391775
Phone : 91-8487878075 Email : cs@ratnaveer.com www.ratnaveer.com

Offer Related Information

Initial public offer of up to 16,840,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Ratnaveer Precision Engineering Limited ("Company") for cash at a price of Rs. 98.00 per equity share (including a share premium of Rs. 88.00 per equity share) ("Offer Price") aggregating up to Rs. 165.03 crores comprising a fresh issue of up to 13,800,000 equity shares aggregating up to Rs. 135.24 crores by the company ("Fresh Issue") and an offer for sale of up to 3,040,000 equity shares... More

News

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