Ratnaveer Precision Engineering Limited IPO
Ratnaveer Precision Engineering Limited was a mainboard IPO in the Iron & Steel Products sector, offered at ₹93–₹98 per share to raise ₹165 crore. The issue was subscribed 93.99× overall (QIBs 133.05×, NIIs 135.21×, retail 54.01×). It listed on 11 Sep 2023 at ₹123 and closed its first day at ₹129, a listing gain of +32.0% versus the ₹98 issue price. It now trades around ₹360 (+267.6% versus the issue price).
Frequently asked questions
- How many times was the Ratnaveer Precision Engineering Limited IPO subscribed?
- The Ratnaveer Precision Engineering Limited IPO was subscribed 93.99× overall — 133.05× in the QIB category, 135.21× among non-institutional investors, 54.01× in retail.
- What were the Ratnaveer Precision Engineering Limited IPO listing gains?
- Ratnaveer Precision Engineering Limited listed on 11 Sep 2023 at ₹123, closing its first day at ₹129 — a listing gain of +32.0% versus the ₹98 issue price.
- What were the retail allotment odds for the Ratnaveer Precision Engineering Limited IPO?
- Retail was subscribed 54.01×, so a single-lot application had roughly a 1.9% chance of allotment (about 1 in 54), and allotment was finalised on 5 Sep 2023.
- What was the price band and lot size of the Ratnaveer Precision Engineering Limited IPO?
- The price band was ₹93–₹98 per share, with a minimum lot of 150 shares (₹14,700 at the upper band).
- Who were the registrar and lead manager for the Ratnaveer Precision Engineering Limited IPO?
- Link Intime India Private Limited was the registrar, and Unistone Capital was the book-running lead manager.