Ratnaveer Precision Engineering Rights Issue Overview
The company announced that its INR 329.99 crore Rights Issue opened on 2 September 2026, pricing each Rights Equity Share at INR 264. A total of 1,24,99,669 fully paid‑up equity shares are being offered, calculated on a 7 Rights shares for every 40 fully paid‑up shares held basis. The Record Date for eligibility was 26 August 2026.
Shareholders who held 40 shares as of the Record Date are entitled to apply for 7 Rights Equity Shares; for example, a holder of 400 shares could apply for 70 Rights Equity Shares, requiring a payment of INR 18,480 (70 × 264). The Rights Entitlements (REs) are credited in dematerialised form to the shareholders’ demat accounts under a separate RE ISIN. REs are not shares and must be exercised through a valid application or renounced within the stipulated window.
On‑market trading and renunciation of the REs commenced on 2 September 2026 and will close on 3 September 2026. The Rights Issue subscription window remains open until 9 September 2026, allowing investors to submit applications via the ASBA (Application Supported by Blocked Amount) mechanism through designated Self‑Certified Syndicate Banks (SCSBs). The registrar for the issue is MUFG Intime India Private Limited, whose portal provides entitlement verification, application details, and allotment status.
According to the Letter of Offer, the net proceeds are earmarked primarily for incremental working capital, with approximately INR 255 crore allocated to that purpose. The balance of the proceeds will be used for general corporate purposes after accounting for issue‑related expenses. CRISIL Ratings Limited has been appointed as the Monitoring Agency to oversee the utilisation of the funds.
Ratnaveer Precision Engineering, established in 2002, operates a diversified stainless‑steel manufacturing portfolio that includes finishing sheets, washers, sheet‑metal components, tubes, pipes, and fasteners, serving automotive, railway, pharmaceutical, aerospace, and construction sectors and exporting to more than 31 countries. The company runs four manufacturing units in Gujarat with capacities of 32,000 MTPA for finishing sheets, 7,000 MTPA for washers and solar hooks, and 2,000 MTPA for tubes and pipes, offering over 2,500 washer sizes.
In addition to its stainless‑steel business, Ratnaveer is expanding into the Copper Clad Laminate (CCL) segment. A new CCL facility is planned at Alindra, Savli, Vadodara, targeting an overall capacity of approximately 80 lakh sheets per annum, to be built in two phases. Phase 1, with a capacity of 16 lakh sheets annually, is slated for commissioning in November 2026 and will serve the electronics, telecommunications, defence, and automotive sectors.
Investors are advised to verify their RE credit, assess their entitlement, and decide whether to exercise, apply for additional shares, or renounce their REs before the trading window closes on 3 September 2026, while the application window stays open until 9 September 2026. All terms, conditions, timelines, and procedural details are outlined in the Company’s Letter of Offer and official issue documents.