The IPO is a combination of a fresh issue and an offer for sale (OFS). The fresh equity of 1.38 crore shares and OFS of 30.4 lakh shares. Under the OFS, promoter Vijay Ramanlal Sanghavi will offload 30.4 lakh shares.
Ratnaveer Precision Engineering will raise Rs 165 crore from its IPO which includes a sale of 1.38 crore fresh shares while its promoter will offloard 30.40 lakh shares.
About 50% of the offer is set aside for qualified institutional buyers, 15% is reserved for non-institutional investors, and 35% for the retail category. Investors can bid for a minimum of 150 shares in one lot and in multiples thereafter.
The IPO comprises a fresh equity issue of 1.38 crore shares and an offer for sale (OFS) of 30.4 lakh shares. About 50% of the offer is set aside for qualified institutional buyers, 15% is reserved for non-institutional investors, and 35% for retail investors.
Ratnaveer Precision Engineering IPO comprises a fresh issue of 1.38 crore equity shares by the company, and an offer-for-sale (OFS) of 30.4 lakh shares by the promoter Vijay Ramanlal Sanghav