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Ratnaveer Precision Engineering Ltd IPO

  • Min. Investment13950/ 150 Shares
  • Min. Quantity150
  • Price Range₹93 - ₹98
  • Date Range04 Sep 23 - 06 Sep 23
  Retail Investor can invest upto Rs 2,00,000 in IPO
  • Application Start Date04 Sep 2023
  • Application End Date06 Sep 2023
  • Allotment begins
  • Refund Initiation Date12 Sep 2023
  • Allotment Date11 Sep 2023
  • Listing On Exchange14 Sep 2023
Registrar Information
  • NameLink Intime India Pvt Ltd
  • Contact no.+91 8108114949
  • Email ID
Company Information

Incorporated in 1983, Kolkata-based Tarsons Products manufactures laboratory products that are used in various research organisations, pharmaceutical companies, academia institutes, hospitals and diagnostic centres.

The company plans to go public and here’s all you need to know about this IPO.

Financial information

Here’s the consolidated financial information for the last three years:

Particulars FY21 FY22 FY23
(Rs Crore)
Revenue 359.66 426.94 479.75
Net Profit 5.46 9.48 25.04
Total Assets 255.99 308.68 389.12
  • Wide product portfolio and multiple designs product enables the company to serve diverse end-use applications.
  • Experienced Promoter
  • Synergy of young and experienced management team with a committed employee base
  • Establish Presence in the international markets
  • Strategically located manufacturing facilities with a core focus on quality;
  • The company do not have long-term agreements with the company suppliers for raw materials and an inability to procure the desired quality, quantity of its raw materials in a timely manner and at reasonable costs, or at all, may have a negative impact on the company business, results of operations, financial condition and cash flows.
  • The pricing in the steel industry is subject to market demand, volatility and economic conditions. Fluctuations in steel prices may have a material adverse impact on its business, results of operations, prospects and financial conditions.
  • The company is dependent on a few customers for a major part of its revenues. Further the company do not enter into long-term arrangements with its customers and any failure to continue the company existing arrangements could adversely affect its business and results of operations.
  • A significant portion of the company domestic sales are derived from the western and north zone and any adverse developments in this market could adversely affect its business.
  • The company business is working capital intensive. If its experience insufficient cash flows from the operations or are unable to borrow to meet the company working capital requirements, it may materially and adversely affect its business and results of operations.
  • Diverse, longstanding and growing global customer base
  • Continue to add to product portfolio by introducing new designs
  • Technology integration and plant automation for cost efficiency and improved productivity
  • Diverse, longstanding and growing global customer base
  • Continue to add to product portfolio by introducing new designs
What is Pre Apply?

Pre Apply will allow you to apply for an IPO 1-3 days before the bidding period starts. You'll get the UPI payment mandate once the IPO is open.

Learn more about Pre applying
How to Apply?

Select the IPO you want to apply for from the list of open issues. Enter your correct UPI ID and select the investor type. The quantity should be a multiple of the lot size. If you wish to apply at the cut-off price, simply click on the checkbox next to ’Cut-off price’. You will receive an SMS from the NPCI confirming your bid and requesting you to accept the mandate on your UPI app. We have noticed a significant delay in UPI payment SMS/notifications from NPCI. Request you to be patient. Please ignore this message if you’ve accepted the mandate

How to check your IPO allocation status

Tarsons Products allotment status will be available on or around 23 November 2021. The allotted shares will be credited to the demat account by 25 November 2021. We will provide you with the link to check the allocation’s status as soon as the registrar makes it live. This may happen after the IPO is closed (after 17 November 2021).

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