| Ratnaveer Precision Engineering Ltd |
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| Registered Office: Plot No E-77 GIDC, Savli (Manjusar), Vadodara - 391775, Gujarat |
| Phone: 91-8487878075 |
| Email: cs@ratnaveer.com |
| Website: www.ratnaveer.com |
| Initial public offer of up to 16,840,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Ratnaveer Precision Engineering Limited ("Company") for cash at a price of Rs. 98.00 per equity share (including a share premium of Rs. 88.00 per equity share) ("Offer Price") aggregating up to Rs. 165.03 crores comprising a fresh issue of up to 13,800,000 equity shares aggregating up to Rs. 135.24 crores by the company ("Fresh Issue") and an offer for sale of up to 3,040,000 equity shares aggregating up to Rs. 29.79 crores by Vijay Ramanlal Sanghavi (the "Promoter Selling Shareholder") and such equity shares offered by the promoter selling shareholder, the "Offered Shares") (such offer by each of the promoter selling shareholder, the "Offer for Sale" and together with the fresh issue, the "Offer"). The offer and net offer shall constitute 34.72% of the fully-diluted post-offer paid-up equity share capital of the company. The face value of equity shares is Rs. 10 each. the offer price is 9.8 times the face value of the equity shares. |
| Issue | Money Payable On | ||
|---|---|---|---|
| Opens On | Closes On | Application | Allotment |
| 04-Sep-2023 | 06-Sep-2023 | ₹ 98.00 | ₹ 0.00 |
| Minimum Application for shares in Nos : 150.0 Further Multiples of : 150.0 | ||
|---|---|---|
| (₹)Cr. | Lead Managers to the Issue | |
| Project Cost | 115.02 | Unistone Capital Pvt Ltd |
| Project Financed through Current Offer | 165.03 | |
| Post Issue Equity Share Capital | 48.50 | |
| Issue Price | ₹98.00 | |
| Projects |
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| Funding working capital requirements of the company |
| General corporate purposes |
| Promoted By |
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| Vijay Ramanlal Sanghavi |
| Listing At |
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| BSE |
| NSE |
| Registrar to the Issue |
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