Gujarat-based Ratnaveer Precision Engineering Ltd. is an engineering company engaged in manufacturing stainless steel products like finished sheets, washers, solar roofing hooks, pipes and tubes. It is one of the few companies that work in the backward integration model. The company has 4 manufacturing units and units I, II, and IV are engaged in backward integration, whereas unit III is used for melting steel scraps in making steel ingots.
The company manufactures products to be used in automotive, solar energy, wind power, oil & gas, pharmaceuticals, instrumentations, etc. Its product portfolio includes 2500 SKUs of washers.
There is no comparable listed company that engages in the same line of business as Ratnaveer Precision Engineering Ltd.
|Ratnaveer Precision Engineering IPO Financial Information|
|Profit After Tax||5.46||9.48||25.04|
|Reserves and Surplus||52.32||61.71||71.16|
|IPO Open Date||Monday, 4 September 2023|
|IPO Close Date||Wednesday, 6 September 2023|
|Basis of Allotment||Monday, 11 September 2023|
|Initiation of Refunds||Tuesday, 12 September 2023|
|Credit of Shares to Demat||Wednesday, 13 September 2023|
|Listing Date||Thursday, 14 September 2023|
GMP - ₹50 as on date
|Price||₹93 to ₹98 per share|
|Lot Size||150 Shares|
Have applied, let's see. I don't expect 70-90% gains in every IPO.
will apply tomorrow
Guys my allotment was not successful but still my money is blocked..how to get it unblocked? It has been 6 days
abhisek4881 wrote:Bro I sent mail to ratnaveer, they asked hdfc over same mail and hdfc team is now saying there is no block from their side , contact phonepe support..I tried contacting phonepe , but the generic solution says if refund still not received contact bank..so its kind of they are playing ping pong with me
Wait for some days, send email also on email id given on ipo details
Bro I sent mail to ratnaveer, they asked hdfc over same mail and hdfc team is now saying there is no block from their side , contact phonepe support..I tried contacting phonepe , but the generic solution says if refund still not received contact bank..so its kind of they are playing ping pong with me
If hdfc team saying no block, send them snapshot of amount showing as blocked
Sent bro..they are saying no block
Contact phone pe
How they are saying no block inspite it showing, keep on escalating issue to registrar, once in my case amount blocked almost after 3-4 weeks, keep on raising issue both registrar and bank nodal officer , phonepe can't do anything as bank blocks the amount