Ratnaveer Precision Engineering IPO
Stainless Steel / Precision Parts - Listed on 11 September 2023
Ratnaveer Precision Engineering IPO listing summary
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.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Ratnaveer Precision Engineering IPO GMP history
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% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
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 - FAQs
What was the listing gain of Ratnaveer Precision Engineering IPO?
Ratnaveer Precision Engineering IPO listed at +25.7% versus the upper issue price of Rs 98 on 11 September 2023.
How many times was Ratnaveer Precision Engineering IPO subscribed?
Ratnaveer Precision Engineering IPO was subscribed 93.96x overall. QIB portion was subscribed 133.05x, HNI / NII 135.20x and Retail 53.95x.
What was the IPO GMP for Ratnaveer Precision Engineering?
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.