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RatnaVeer Precisions IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details
RatnaVeer Precisions IPO Review
Ratnaveer Precision Engineering Ltd. (RPEL), previously known as Ratnaveer Metals Ltd., specializes in manufacturing stainless steel (SS) products such as sheets, washers, solar roofing hooks, pipes, and tubes, known for their corrosion-resistant properties. Over the last three fiscal years, RPEL has consistently increased its turnover and net profit, with an average EPS of Rs. 4.81 and an average RoNW of 18.20%. The IPO is priced at a P/BV of 3.19, reflecting the company's solid performance. Although RPEL hasn't declared dividends, its focus on high-margin SS cold-rolled products and efficient operations suggests potential for growth. Considering its steady financials, investors may find RPEL an attractive long-term investment option.





