Ratnaveer Precision Engineering IPO GMP / Grey Market Premium, Kostak Rates & SS Today
Last Updated Date: Sep 06, 2023Ratnaveer Precision Engineering is about to release its IPO on September 4, 2023. The issue is closing on September 6, 2023, and is currently having an active grey market. The Ratnaveer Precision Engineering IPO GMP is running at a stable rate as per the current situation.
In IPO, the GMP or the Grey Market Premium is the premium amount at which the IPO shares are traded before getting listed in the stock market.
However, the QIB and the HNI numbers are the key indicators of GMP in the case of Ratnaveer Precision Engineering IPO. The company intends to raise Rs 165.03 Cr by the released issue.
Ratnaveer Precision Engineering IPO GMP Rates, Kotak rates & SS
This particular table represents everything related to the IPO event from its opening and closing date along with the face value of the issue.
You can check this table related to know the IPO size, price band along with listing details, and more.
| Date | GMP (in INR) | Kostak (in INR) | Subject to Sauda (in INR) |
| 6 Sep 2023 | Rs 50 | NA | Rs 3000 |
| 5 Sep 2023 | Rs 50 | NA | Rs 3000 |
| 4 Sep 2023 | Rs 50 | NA | Rs 3000 |
| 3 Sep 2023 | Rs 50 | NA | Rs 3000 |
| 31 Aug 2023 | Rs 20 | NA | NA |
| 30 Aug 2023 | Rs 15 | NA | NA |
| 29 Aug 2023 | Rs 25 | NA | NA |
| 25 Aug 2023 | Rs 25 | NA | NA |
| 24 Aug 2023 | Rs 25 | NA | NA |
| 23 Aug 2023 | NA | NA | NA |
Check out Related IPO Links:
| Review Ratnaveer Precision Engineering IPO |
| Ratnaveer Precision Engineering IPO Allotment |
| LIVE Subscription – Ratnaveer Precision Engineering IPO |
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Ratnaveer Precision Engineering IPO Date / Timetable
Here, you will find the important dates and events of this IPO. Check the allotment status, visit us again once the subscription date is over.
| Events | Date |
| IPO Opening Date | September 4, 2023 |
| IPO Closing Date | September 6, 2023 |
| Basis of Allotment Finalization | September 11, 2023 |
| Refunds Initiation | September 12, 2023 |
| Credit of Shares to Demat Account | September 13, 2023 |
| Share Listing Date | September 14, 2023 |
Ratnaveer Precision Engineering IPO – Financial Performance
The below-given table will give you an overall idea of the company’s financial performance. Check their net profit and loss statement about Ratnaveer Precision Engineering IPO.
| Amount (in INR & Million) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Assets | 3,890.48 | 3,086.32 | 2,559.24 |
| Revenue | 4,811.45 | 4,284.72 | 3,640.51 |
| Expense | 4,504.33 | 4,150.21 | 3,544.59 |
| Profit After Tax | 250.44 | 94.76 | 54.59 |
| Earnings per Equity Share (in Million) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 7.26 | 2.75 | 1.59 |
FAQs Related to Ratnaveer Precision Engineering IPO GMP
Check out FAQs on Ratnaveer Precision Engineering IPO Grey Market Premium here –
What is the current Ratnaveer Precision Engineering IPO GMP Price?
As on today, the Ratnaveer Precision Engineering IPO GMP is Rs.50.
What is the current Ratnaveer Precision Engineering IPO Kostak Rate?
The Kostak rate is Rs NA for Ratnaveer Precision Engineering IPO.
What is today’s Ratnaveer Precision Engineering IPO Subject to Sauda Rate?
As on today, the Ratnaveer Precision Engineering IPO Subject to Sauda is Rs 3000.
Where to Check Ratnaveer Precision Engineering IPO Allotment & Listing?
However, if you don’t want to miss out on the issue’s allotment status and the listing, you can refer to this LINK given here: IPO Allotment Status
What is Kostak Price?
To apply for an IPO, there is an application price or application charges that come along and is known as Kostak price. It is actually the premium amount at which IPO applications are being traded in the grey market.
Is GREY market buy or sell shares illegal?
Grey Market is basically trading that takes place before the stock of a company gets enlisted on the stock exchange.
It takes place before the IPO release and the prices may change at any time. Hence, it is unofficial trading and hence, not “illegal”.
Disclaimer:
The Ratnaveer Precision Engineering IPO GMP which is mentioned in the table here is only valid for a specific date as mentioned in the header section. The Kostak is the premium that one gets by selling her/his IPO application to someone else before listing the issue. They can sell it in an off-market transaction. However, we aren’t buying/selling IPO forms on the IPO Grey market.
It is also requested that please do not subscribe for an IPO by just seeing the premium price. The reason being, the premium price varies and can change anytime before listing. Please subscribe only after considering the fundamentals of the companies.