Ratnaveer Precision Engineering IPO GMP History
Ratnaveer Precision Engineering IPO has been listed on September 11, 2023 at a listing price of ₹123.2, against the issue price of ₹98 — a gain of ₹25.2 (+25.71%). The GMP peaked at ₹55 on 9 September 2023 and reached a low of ₹35 on 1 September 2023. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Ratnaveer Precision Engineering IPO raised ₹165.03 Cr. through its IPO at a price band of ₹93 to ₹98 per share, with a lot size of 150 shares. The IPO was open for subscription from 04 Sep 2023 to 06 Sep 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:04 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 09 Sep 2023 | ₹ 55 | — | 56% | — | — |
| 08 Sep 2023 | ₹ 55 | — | 56% | — | — |
| 07 Sep 2023 | ₹ 55 | — | 56% | — | — |
| 06 Sep 2023 | ₹ 55 | ▲ | 56% | — | — |
| 05 Sep 2023 | ₹ 50 | ▲ | 51% | — | — |
| 04 Sep 2023 | ₹ 45 | ▲ | 46% | — | — |
| 02 Sep 2023 | ₹ 42 | ▲ | 43% | — | — |
| 01 Sep 2023 | ₹ 35 | — | 36% | — | — |
Ratnaveer Precision Engineering IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 04 Sep 2023
- Close 06 Sep 2023
- Allotment 07 Sep 2023
- Refund/credit 08 Sep 2023
- Listing 11 Sep 2023
Ratnaveer Precision Engineering IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹98 |
|---|---|
| GMP-based estimate (pre-listing) | ₹153 (+56.1%) |
| Listing gain / loss | +₹25.2 per share |
| Listing date | 11 Sep, 2023 |
| Actual listing price | ₹123.2 (+25.71%) |
Is Ratnaveer Precision Engineering IPO GMP reliable?
Grey market premium for Ratnaveer Precision Engineering IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Ratnaveer Precision Engineering IPO full review for a fundamentals-based assessment before making any grey market trades.
Ratnaveer Precision Engineering IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Ratnaveer Precision Engineering IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Ratnaveer Precision Engineering IPO
Ratnaveer Precision Engineering Limited was incorporated as Ratnaveer Stainless Products Private Limited on 20 February 2002. It makes stainless steel finished sheets, washers, solar roofing hooks, pipes and tubes.
Its products serve automotive, solar and wind energy, power plants, oil and gas, pharmaceuticals, plumbing, construction, appliances and other industries.
It has four manufacturing units in Gujarat. Units I and II at GIDC Savli, Vadodara make sheets, washers, solar hooks, pipes and tubes. Unit III at Waghodia, Vadodara melts steel scrap into ingots, and Unit IV at GIDC Vatva, Ahmedabad rolls the ingots, giving it backward integration.
The IPO was Rs 165.03 crore, with Rs 135.24 crore of fresh issue and Rs 29.79 crore of offer for sale by the promoter. Rs 85.00 crore was planned for working capital.
Frequently asked
What is the GMP of Ratnaveer Precision Engineering IPO?
The current Grey Market Premium (GMP) of Ratnaveer Precision Engineering IPO is ₹ 55.
What is the Kostak Price of Ratnaveer Precision Engineering IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Ratnaveer Precision Engineering IPO is not available.
What is the Subject to Sauda Price of Ratnaveer Precision Engineering IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Ratnaveer Precision Engineering IPO?
Ratnaveer Precision Engineering IPO listed on September 11, 2023 at ₹123.2, against the issue price of ₹98 — a gain of +25.71%.
How did the GMP of Ratnaveer Precision Engineering IPO trend before listing?
The GMP of Ratnaveer Precision Engineering IPO was stable in its final days before listing. The GMP peaked at ₹55 on 9 September 2023. View the day-wise table above for the complete GMP history.
Explore Ratnaveer Precision Engineering IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
