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Ratnaveer Precision Engineering () IPO. Manufactures stainless steel finished sheets, washers, solar roofing hooks, pipes, and tubes.
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RHP: ratnaveer.com
reports.chittorgarh.com/ipo_notes/RATN…
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RHP: ratnaveer.com
reports.chittorgarh.com/ipo_notes/RATN…
Balance Sheet and Cash Flow Statement:
Objects of the Issue:
Business Overview:
Capacity and Capacity Utilization:
Financial trend looks good. Cash flow looks average to poor I feel. Working capital heavy business with sizeable amount of debts, some of which are quite expensive IMO at 13%. There does exist scope from growth from existing capacity & high margin products may aid margins.
H2 will be heavy for the sector & seen from bifurcation of numbers. Monitor related party transactions & management compensation post listing.
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NOTE: It will go to T2T category on listing & may romance with ESM framework given asking Market Capitalization of less than 500 Cr.
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NOTE: It will go to T2T category on listing & may romance with ESM framework given asking Market Capitalization of less than 500 Cr.
Overall, this looks average to me but may do well & would prefer to monitor post listing. I WON'T APPLY FOR NOW.
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PLEASE DO YOUR OWN DUE DILIGENCE, REVIEW ACCORDING TO YOUR INVESTMENT STYLE AND THEN TAKE A DECISION.
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PLEASE DO YOUR OWN DUE DILIGENCE, REVIEW ACCORDING TO YOUR INVESTMENT STYLE AND THEN TAKE A DECISION.
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