Start your Trading & Investing Journey with us

Join our channel for Daily Free Trades with Live analysis on Youtube, Trade Setup with Important Levels, and Important Stock Market Updates

Daily Free Trades Live Market Analysis

RatnaVeer Precisions IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

IPO Details IPO GMP IPO Subscription Reviews About Company IPO Timeline KPI Financial Information Peer Comparison Allotment
RatnaVeer Precisions Limited Day Wise IPO GMP Trend
GMP Date Issue Price Expected Listing Price GMP Last Updated

RatnaVeer Precisions Limited IPO GMP

The Ratnaveer Precision Engineering IPO, valued at Rs 165.03 crores, comprises a book-built issue. It consists of a fresh issue of 1.38 crore shares worth Rs 135.24 crores, alongside an offer for sale of 0.3 crore shares totaling Rs 29.79 crores.

The IPO bidding for Ratnaveer Precision Engineering commenced on September 4, 2023, concluding on September 6, 2023. Allotment results were determined by Thursday, September 7, 2023. The shares were subsequently listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on September 11, 2023.

The IPO price range for Ratnaveer Precision Engineering is ₹93 to ₹98 per share, with a minimum lot size of 150 shares. Retail investors need to invest a minimum of ₹14,700. Strategic Non-Institutional Investors (sNII) must invest in 14 lots (2,100 shares), totaling ₹205,800, while big Non-Institutional Investors (bNII) need to invest in 69 lots (10,350 shares), amounting to ₹1,014,300.

Unistone Capital Pvt Ltd serves as the book running lead manager for the Ratnaveer Precision Engineering IPO, with Link Intime India Private Ltd appointed as the registrar overseeing the issue.

OBJECTIVE OF IPO

  • Offer for sale.
  • Working Capital.
  • Corporate Purposes.

© 2022 CA Abhay Varn. All Rights Reserved Abhayvarn.com