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
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
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