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RatnaVeer Precision Engineering Limited Announces Qualified Institutional Placement (QIP) – Deal Launch
Mumbai (Maharashtra) [India], December 2: RatnaVeer Precision Engineering Limited (NSE: RATNAVEER | BSE: 543978 | Bloomberg: RATNAVEE IN) today announced the launch of a Qualified Institutional Placement (QIP) in accordance with SEBI ICDR Regulations. Key Terms of the Issue – Issuer: RatnaVeer Precision Engineering Limited – ISIN: INE05CZ01011 – Issue Type: QIP (100 % Primary) – Shares Offered: Equity shares [...]
Mumbai (Maharashtra) [India], December 2:RatnaVeer Precision Engineering Limited (NSE: RATNAVEER | BSE: 543978 | Bloomberg: RATNAVEE IN) today announced the launch of a Qualified Institutional Placement (QIP) in accordance with SEBI ICDR Regulations.
Key Terms of the Issue
– Issuer: RatnaVeer Precision Engineering Limited
– ISIN: INE05CZ01011
– Issue Type: QIP (100 % Primary)
– Shares Offered: Equity shares of face value INR 10 each
– Indicative Issue Size: Up to INR 2,110 million (≈ US$ 23.51 million) – comprising a Base Deal of up to INR 1,500 million (≈ US$ 16.71 million) and a Green‑shoe option of up to an additional INR 610 million (≈ US$ 6.80 million)
– Exchange Rate: US $1 = INR 89.7436 (RBI, December 1, 2025)
– Last Closing Price: INR 158.30 per share on NSE (December 1, 2025)
– SEBI Floor Price: INR 152.46 per share
– Indicative Issue Price: INR 145.00 per share (Cut‑Off Price) – representing an 8.40 % discount to the closing price and a 4.89 % discount to the floor price
Use of Proceeds
1. Funding the Company’s working‑capital requirements.
2. General corporate purposes.
