Ratnaveer Precision Engineering Ltd, originally incorporated as 'Ratnaveer Stainless Products Private Limited' in 2002, is a Gujarat-based stainless steel product manufacturer. The company has evolved through several name changes and became a public limited company in 2018. Ratnaveer operates four manufacturing units across Gujarat, specializing in the production of stainless steel finishing sheets, washers, solar roofing hooks, pipes, and tubes. The manufacturing process involves converting steel scrap into steel ingots, which are then processed into sheets for product use. The company's operations started with manufacturing SS washers and have since diversified into various stainless steel products, expanding their portfolio significantly.
Ratnaveer is planning to issue up to 15,300,000 equity shares through a Fresh Issue and 2,100,000 equity shares through an Offer for Sale. The company leverages its strategic location with convenient transportation to facilitate product distribution. This expansion of product lines and strategic share issuance positions Ratnaveer to potentially capitalize on growth opportunities in the stainless steel manufacturing sector.
