Single Blog Title

This is a single blog caption

Ratnaveer Precision Engineering IPO Allotment Status, Refund & Listing

Ratnaveer Precision Engineering IPO Allotment

Ratnaveer Precision Engineering IPO Allotment released on 8 September 2023, interested people can check the Ratnaveer Precision Engineering IPO Allotment Status using PAN detail The Refund and listing will take place on 11 Sep 2023 and 13 Sep respectively.

Ratnaveer Precision Engineering IPO Allotment Status

Ratnaveer Precision Engineering is one of the most demanding organisations. They are Industry leading for various steel products including A maker of stainless steel (SS) products with a concentration on completed sheets, washers, solar roofing hooks, pipes, and tubes is Ratnaveer Precision Engineering Limited. The current face value is 10/share and 35% retail quota.

People can check the Ratnaveer Precision Engineering IPO Allotment Status on when Allotment will start. As per updates Allotment was released on 8 September 2023 and the refund will initiate on 11 September 2023.

Ratnaveer Precision Engineering IPO Allocation

Ratnaveer Precision Engineering IPO closed on 6 September 2023 and allotment released on 8 September 2023 while refund initiation will happen on 11 September 2023. Candidates can visit the official portal for more information and listing which will take place on 13 September 2023.

IPOPrecision Engineering by Ratnaveer
Open Date4 September 2023
Close6 September 2023
IPO Size165 Cr
Allotment date8 September 2023
Refund Initiation11 September 2023
Listing13 September 2023
Retail Quota35%

The firm has four production facilities, two of which are located at GIDC, Savli, Vadodara, Gujarat (Unit-I and Unit-II), one at Waghodia, Vadodara, Gujarat (Unit-III), and one at GIDC, Vatva, Ahmedabad, Gujarat (Unit-IV).

Where to check Ratnaveer Precision Engineering allocation?

You can visit the link in the website if you are having trouble locating the Ratnaveer Precision Engineering Limited IPO allocation status. The Ratnaveer Precision Engineering IPO’s Registrar is in charge of allotment. If you have any questions regarding stock allocation or issues with refunds, kindly contact the registrar. Check the basis of the allotment document to understand the share distribution for Ratnaveer Precision Engineering Limited’s initial public offering.

Steps to check Ratnaveer Precision Engineering Limited IPO allocation status

  • Visit the given website URL link
  • Select the IPO from the given drop-down list.
  • Enter your PAN from the relevant box.
  • Click on the search button to check status.

Ratnaveer Precision Engineering Market Lot

150 shares with a $14,700 application amount constitute the minimum market lot for the Ratnaveer Precision Engineering IPO. Retail investors are permitted to submit up to 13 lots totaling 1950 shares, or $191,100. The Ratnaveer Precision Engineering initial public offering took place on September 4 and closed on September 6. On September 11, the Ratnaveer Precision Engineering IPO allocation will be decided, and on September 13, the IPO listing will take place.

Ratnaveer Precision Engineering IPO Review

Stainless offers a longer lifespan, greater corrosion resistance, and a better visual finish than conventional steel. These characteristics have contributed to stainless steel’s rising recognition on a global scale. Globally, steel wire rods and bars, hot rolled coils, and cold rolled flat goods are the top three stainless steel items produced. The International Stainless-Steel Forum estimates that 47% of all stainless-steel commerce worldwide consists of cold-rolled flat goods.

Ratnaveer Precision Engineering Price Range

The subscription period for the initial public offering (IPO) of Ratnaveer Precision Engineering Limited began on 4 September 2023. IToraise Rs 165.03 crore from the public offering, the business has established a price range of Rs 93 to Rs 98 per equity share. The company’s shares are currently fetching a premium of Rs 48 on the unlisted stock market, often known as the grey market.