Ratnaveer Precision Engineering Limited was incorporated as 'Ratnaveer Stainless Products Private Limited' on February 20, 2002 in Gujarat. Subsequently, Company name was changed to 'Ratnaveer Metals Private Limited' on May 28, 2018. Pursuant to conversion of Company into a Public Limited, the name changed to 'Ratnaveer Metals Limited' on September 27, 2018. Further, name of the Company was changed to Ratnaveer Precision Engineering Limited' and a fresh Certificate of Incorporation was granted by the Registrar of Companies, Ahmedabad on November 01, 2022.
The Company is a Stainless Steel (SS) product manufacturer producing finished sheets, washers, solar roofing hooks, pipes and tubes. The Company operate 4 manufacturing units, out of which 2 are located at Savli, Gujarat, (Unit-I and Unit-II) one is located at Waghodia, Gujarat (Unit-III) and the other one is located at Vatva, Gujarat (Unit-IV) with convenient transportation of products available. The Company manufacture finishing sheets, washers and solar mounting hooks at Unit I and SS pipes & tubes at Unit II. In Unit III, the Company melt steel scrap and turn it into steel ingots and Unit IV is the rolling unit where flat ingots are processed to turn them into sheets which are the raw material for washers. The production capacity of the Company is 30,000 MTPA.
The Company manufacture SS Finishing Sheets, SS Washers and SS Solar roofing hooks at Unit I. The scrap generated primarily in the manufacturing process of ...SS Washers and SS Solar roofing hooks is sent to Unit III where this scrap and the scrap purchased from third parties is sorted, categorized and melted in heating furnaces and cooled naturally to form the SS ingots. These ingots are sent for job work for conversion into flat ingot. The flat ingots are then brought to Unit IV where the flat ingots are converted into SS sheets and sent back to Unit I for utilization as raw material in its manufacturing process.
The Company had started business activities with manufacturing of SS washers and since then, branched out to manufacturing finishing sheets, solar roofing hooks, tubes and pipes which enabled to diversify their product portfolio manifold. In 2002, it started operations from the melting unit (Unit-III) at Waghodia, Vadodara; commenced production of finishing line sheets at Unit I in 2010-11 and later on their
production started further for SS tubes & pipes at their Unit-II in 2017-18.
The Company made an Initial Public Offer of 16,840,000 Equity Shares by raising funds aggregating to Rs 165 Crore comprising a Fresh Issue of 13,800,000 Equity Shares aggregating to Rs 135.2 Crore and an Offer for Sale of 3,040,000 Equity Shares aggregating to Rs 29.8 Crore in September, 2023.
The Company incorporated one foreign wholly owned subsidiary Company at UAE namely Ratnaveer StainlessInox LLC (Limited Liability Company), on 17th October, 2023.
FAQs on Ratnaveer Precision Engineering Ltd
1. Can I buy Ratnaveer Precision Engineering Ltd from PL Capital? ›
Yes, you can invest in Ratnaveer Precision Engineering Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Ratnaveer Precision Engineering Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Ratnaveer Precision Engineering Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Ratnaveer Precision Engineering Ltd pay dividends? ›
Ratnaveer Precision Engineering Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Ratnaveer Precision Engineering Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Ratnaveer Precision Engineering Ltd. is ₹ 150.53 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Ratnaveer Precision Engineering Ltd ? ›
The 52-week high and low of Ratnaveer Precision Engineering Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
