Ratnaveer Precision Engineering Ltd IPO |
Registered Office:
Plot No E-77 GIDC,Savli (Manjusar)
,
Vadodara
-
391775
,
Gujarat
, India.
Phone :
91-8487878075 Fax:
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-23 |
06-Sep-23 |
(Rs)98.00-0.00 |
(Rs)0.00-0.00 |
| Minimum Application for shares in Nos :150 Further Multiples of :150 |
| |
(Rs Cr) |
Lead Managers to the Issue |
| Project Cost |
115.02 |
|
| Project Financed through Current Offer |
165.03 |
|
| Post Issue Equity Share Capital |
48.50 |
|
| Issue Price |
(Rs)98.00 |
|
|