Ratnaveer Precision IPO allotment – how to check allotment, GMP, listing date and more

• Ratnaveer Precision Engineering is expected to announce its share allotment status today, September 8.
• The shares of Ratnaveer Precision Engineering were subscribed 93.99 times.
• The shares are expected to be listed on the stock exchanges on September 14.

Vadodara-based Ratnaveer Precision, a manufacturer of stainless-steel finished sheets, washers, pipes, tubes and more is expected to announce the allotment status of its initial public offering (IPO) today, that is September 8.

The Ratnaveer Precision IPO opened on September 4 and closed on September 6. The price band for the IPO was ₹93 to ₹98 per share.

Robust subscription

On the last day, the Ratnaveer Precision IPO was subscribed 93.99 times, receiving bids for 110.66 crore equity shares against 1.18 crore shares on offer.

While the qualified institutional buyer portion was subscribed 133.05 times, the non-institutional investors portion was subscribed 135.21 times. The retail portion witnessed the highest participation and was subscribed 54 times.

Grey market premium

The shares of Ratnaveer Precision are currently commanding a grey market premium (GMP) of ₹50 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges.

Here’s how to check the IPO’s allotment status

You can check the allotment status on the registrar’s website.

• To check the Ratnaveer Precision IPO allotment status, visit the registrar’s website here.
  
• Click on ‘Select Company’ and then select ‘Ratnaveer Precision’.
  
• Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.
  
• Now, enter the captcha.
  
• Click on submit.
  

You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you.

You can also check the Ratnaveer Precision IPO allotment status on the BSE and NSE websites.

To check the allotment status on BSE or NSE website:

• Go to the BSE website.
  
• On the website, click on 'Equity' and then select ‘Ratnaveer Precision’ from the dropdown menu.
  
• Now, enter your application number and PAN.
  
• Click on 'Search'.
  

You will be able to see the number of shares allotted to you.

You can click here and log in to check your allotment status on NSE.

Ratnaveer Precision IPO listing date

The shares of Ratnaveer Precision will be listed on the stock exchanges on September 14.

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