Ratnaveer Precision Engineering Ltd. IPO

Ratnaveer Precision Engineering Limited is a prominent stainless-steel product manufacturer, specializing in finished sheets, washers, solar roofing hooks, pipes, and tubes. Their strategically located manufacturing units ensure efficient transportation and quality production, catering to global demand with precision and expertise.

RHP
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DRHP
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Open Date

2023-09-04

Close Date

2023-09-06

Company Financials

You can get the following financial statements of Ratnaveer Precision Engineering Ltd. as of now.

Subscription Details

The details about the Ratnaveer Precision Engineering IPO is as:

  • The issue size of the IPO is 165.03 Cr.
  • The price band for Ratnaveer Precision Engineering IPO is Rs 93 to Rs 98.
  • The shares of Ratnaveer Precision Engineering IPO will list on 11th September 2023.
  • The latest tentative GMP of Ratnaveer Precision Engineering IPO is Rs 50.
  • The shares of Ratnaveer Precision Engineering IPO is subscribed 93.96 Times as of 6th September 2023. 

 

Ratnaveer Precision Engineering IPO Valuation

The approx valuation of Ratnaveer Precision Engineering IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 98
Existing Shares (Qty) 3.46 Cr
Fresh Issue 135.24 Cr
Market Cap 474.32 Cr
EPS (FY22) Rs 7.26
PE Ratio 13.49x
Industry PE 34.42x

 

Ratnaveer Precision Engineering IPO Issue Size

Ratnaveer Precision Engineering IPO issue size is 165.03 Cr. 

Issue Amount
Fresh Issue 135.24 Cr
Offer For Sale 29.79 Cr

 

Ratnaveer Precision Engineering IPO Market Lot

An Individual can apply for a minimum 1 lot of 150 shares and a maximum of 13 lots of 1950 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 150 Rs 14,700
 Maximum 13 1950 Rs 1,91,100

 

Ratnaveer Precision Engineering IPO share offer

The shares of Ratnaveer Precision Engineering IPO is subscribed 93.96 Times as of 6th September 2023. The category-wise shares subscription are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 133.05 Times
Non-Institutional Minimum 15% 135.20 Times
Retail Individual Minimum 35% 53.95 Times
Total   93.96 Times

 

Allotment Details

Find below the dates for Ratnaveer Precision Engineering IPO:

Schedule Date
Basis of Allotment 8 September 2023
Refunds 8 September 2023
Credit to Demat Account 10 September 2023
IPO Listing Date 11 September 2023

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 296.92 359.66 426.94 479.75
Total Expenditure 272.37 339.73 399.41 434.12
Operating Profit 24.55 19.93 27.53 45.63
Other Income 2.02 4.39 1.53 1.4
Interest 13.95 12.05 11.67 12.29
Depreciation 2.37 2.67 3.94 4.02
Exceptional Items 0 0 0 0
Profit Before Tax 10.24 9.6 13.45 30.71
Provision for Tax 3.05 4.13 3.98 5.67
Net Profit 7.2 5.46 9.48 25.04
Adjusted EPS (Rs.) 0.22 0.17 0.29 0.72

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 4.26 4.26 4.26 34.89
Total Reserves 46.8 52.22 61.71 71.16
Borrowings 28.99 22.37 30.61 34
Other N/C liabilities 1.28 2.18 3.17 4.71
Current liabilities 161.1 174.89 208.88 244.28
Total Liabilities 242.44 255.92 308.63 389.05
Assets
Net Block 21.83 31.86 40.79 50.06
Capital WIP 3.62 3.37 3.67 8.8
Intangible WIP 0 0 0 0
Investments 0 0 0 0
Loans & Advances 4.22 4.22 3.83 2.9
Other N/C Assets 0.32 0.32 0.32 0.32
Current Assets 212.45 216.16 260.02 326.97
Total Assets 242.44 255.92 308.63 389.05
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2023 Sep 2023 Dec 2023
Other Income 0.52 0.87 0.99
Profit Before Tax 10.67 9.42 13.42
Tax 2.46 1.45 4.16
Profit After Tax 8.21 7.98 9.26
Adjusted EPS (Rs) 2.35 1.64 1.9

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 55.48 0
Sep 2023 55.48 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 10.24 9.6 13.45 30.71
Adjustment 15.19 13.42 14.56 14.91
Changes in Assets & Liabilities -15.74 -6.21 -40.56 -55.82
Tax Paid -2.67 -3.22 -2.96 -4.14
Operating Cash Flow 7.02 13.59 -15.51 -14.34
Investing Cash Flow -8.52 -11.21 -11.61 -17.02
Financing Cash Flow 4.86 -1.6 28.04 42.03
Net Cash Flow 3.36 0.78 0.93 10.68
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