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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Funding working capital requirements
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General corporate purposes
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(₹ in Crore)
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Ratnaveer Precision Engineering Limited is a stainless steel product manufacturer incorporated in 2002 and headquartered in Vadodara, Gujarat. The company manufactures stainless steel finished sheets, washers, solar roofing hooks, and welded pipes and tubes, serving both domestic and export markets from four manufacturing units located across Gujarat. The company's product range is used across sectors such as railways, automobiles, solar energy, and general engineering. In fiscal 2023 the company reported revenue of roughly Rs 481 crore, split between domestic sales and a meaningful export component, and had grown its top line and profitability steadily over the preceding two fiscal years. Ratnaveer positions itself as a diversified stainless steel processing player benefiting from rising demand in renewable energy infrastructure (solar mounting hardware) and general industrial fabrication, with a customer base spread across several end-user industries rather than concentrated in a single sector.
Ahead of the public issue, the company allotted shares worth approximately Rs 49.5 crore to anchor investors at the IPO price of Rs 98 per share.
Source: RHP • Analysis provided for informational purposes
Last Updated: 18 July 2026, 5:30 AM
Diversified stainless steel product range
The company manufactures a broad mix of finished sheets, washers, solar roofing hooks, and pipes/tubes, reducing dependence on any single product line.
Established multi-unit manufacturing base
Four manufacturing units in Gujarat give the company scale and operational flexibility to serve both domestic and export customers.
Concentrated supplier base
A large share of raw material is sourced from a small group of suppliers without long-term agreements, so any supply disruption could affect production and costs.
Exposure to steel price volatility
The company's input costs and margins are sensitive to fluctuations in steel prices driven by broader market and economic conditions.
Customer concentration
A significant portion of revenue comes from a small number of customers with no long-term contracts, so losing a major customer could hurt results.
Ratnaveer Precision Engineering Limited
MUFG Intime India Private Limited
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