Stainless Steel / Precision Parts - Listed on 11 September 2023
Ratnaveer Precision Engineering (Stainless Steel / Precision Parts) closed its IPO window in 2023 and listed on NSE and BSE on 11 September 2023 at an upper band issue price of Rs 98, opening at Rs 123.2 for a listing gain of +25.7% and closing day one at Rs 129.35 (+32.0% on closing basis). The IPO was subscribed 93.96x overall - QIB 133.05x, HNI/NII 135.20x, Retail 53.95x. The total issue size was Rs 165.03 Cr (Fresh Issue Rs 135.24 Cr, OFS Rs 29.79 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Stainless Steel / Precision Parts
Ratnaveer Precision Engineering operates in the Stainless Steel / Precision Parts space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Ratnaveer Precision Engineering issue was offered at an upper price of Rs 98 and raised approximately Rs 165.03 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 50 | +51.02% |
| Day 2 | Rs 55 | +56.12% |
| Day 3 | Rs 55 | +56.12% |
| Day 4 | Rs 55 | +56.12% |
| Day 5 | Rs 55 | +56.12% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Ratnaveer Precision Engineering IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Ratnaveer Precision Engineering IPO listed at +25.7% versus the upper issue price of Rs 98 on 11 September 2023.
Ratnaveer Precision Engineering IPO was subscribed 93.96x overall. QIB portion was subscribed 133.05x, HNI / NII 135.20x and Retail 53.95x.
IPO GMP started at Rs 50 on Day 1 and moved to Rs 55 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.