Business Standard

Ratnaveer Precision Engineering Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

165.03 cr

Price Range (₹)

98

Lot Size

150

Min Investment (₹)

14,700.00

Listing Exchange

MumbaiNSE

Open Date

04-Sept-2023

Close Date

06-Sept-2023

Listing Date

11-Sept-2023

Ratnaveer Precision Engineering Ltd News

    The Shares of Ratnaveer Precision Engineering Ltd have now been listed.

    Ratnaveer Precision Engineering Ltd IPO Details

    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 aggregating up to Rs. 29.79 crores by Vijay Ramanlal Sanghavi (the Promoter Selling Shareholder) and such equity shares offered by the promoter selling shareholder, the Offered Shares) (such offer by each of the promoter selling shareholder, the Offer for Sale and together with the fresh issue, the Offer). The offer and net offer shall constitute 34.72% of the fully-diluted post-offer paid-up equity share capital of the company.The face value of equity shares is Rs. 10 each. the offer price is 9.8 times the face value of the equity shares.

    Objective of issue

    Funding working capital requirements of the company. General corporate purposes.

    Ratnaveer Precision Engineering Ltd Contact Details

    Ratnaveer Precision Engineering Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - cs@ratnaveer.com

    Website - www.ratnaveer.com