Ratnaveer Precision Engineering Hits All-Time High of ₹314.90 Ahead of Rights Issue; Understanding the RE and How to Apply

Ratnaveer Precision Engineering Limited a manufacturer of stainlesssteel precision products witnessed strong market activity on Monday with its shares touching an alltime high of 31490 on August 31 2026 The stock closed the session at 30602 while its trading range for the day was 300ndash31490The market movement comes ahead of the Companyrsquos upcoming 32999 crore Rights Issue through which eligible shareholders will have the opportunity to subscribe to additional equity shares at an Issue Price of 264 per shareThe Rights Issue comprises up to 12499669 fully paidup Equity Shares and is being offered in the ratio of 7 Rights Equity Shares for every 40 fully paidup Equity Shares held by eligible shareholders as on the Record Date of August 26 2026Understanding the Rights Entitlement REA Rights Entitlement RE represents the number of Rights Equity Shares an eligible shareholder is entitled to apply for under a Rights Issue For Ratnaveerrsquos Rights Issue the entitlement ratio is 740This means that an eligible shareholder receives the right to apply for 7 Rights Equity Shares for every 40 Ratnaveer shares held on the Record DateAt the Issue Price of 264 per share a shareholder holding 400 shares would therefore be entitled to apply for 70 Rights Equity Shares requiring an application amount of 18480The Rights Entitlements are credited in dematerialised form to eligible shareholdersrsquo demat accounts under the separate RE ISINIt is important to understand that an RE is not an equity share An investor holding REs must either use them to apply for the Rights Equity Shares or renounce them within the applicable timelinesEligible shareholders can subscribe to their entitlement apply for additional Rights Equity Shares or renounce their REs subject to the terms of the Rights IssueWhen Can You Trade the RERatnaveerrsquos REs will be available for onmarket tradingrenunciation from September 2 2026 which is also the Issue Opening Date The last date for onmarket trading or renunciation of the REs is September 3 2026The Company has specifically disclosed September 3 as the date of closure of trading of Rights EntitlementsInvestors should note that the RE trading period is significantly shorter than the Rights Issue application period While the Rights Issue remains open until September 9 onmarket trading of REs ends on September 3What Happens if You Buy REsInvestors who purchase REs from the market can use those REs to apply for the corresponding Rights Equity Shares during the Rights Issue periodHowever buying an RE does not automatically result in allotment of a Ratnaveer equity share The investor must separately submit a valid application for the Rights Equity Shares and make the required paymentTherefore investors purchasing REs should ensure that they complete the Rights Issue application process before the Issue Closing Date of September 9 2026Any REs that are neither exercised nor validly renounced within the applicable timelines may lapseHow Can Eligible Shareholders ApplyThe Rights Issue is available to eligible shareholders during the Issue period from September 2 2026 to September 9 2026Applications can be made through the ASBA mechanism using an ASBAenabled bank account Eligible investors can apply through designated SelfCertified Syndicate Banks SCSBs including through online banking facilities where availableInvestors can also access their Rights Issue information through MUFG Intime India Private Limited the Registrar to the IssueCheck RE Application DetailsOfficial MUFG Intime Rights Issue Portal Check Rights Entitlement amp Application ndash MUFG IntimeThe Registrarrsquos portal provides facilities including Know Your Entitlement application information and allotment statusInvestors should select Ratnaveer Precision Engineering Limited and enter the required dematPAN details to check their entitlement and access the relevant application informationUtilisation of Rights Issue ProceedsAccording to the Letter of Offer the Company proposes to utilise the net proceeds primarily towards incremental working capital requirements and general corporate purposesApproximately 255 crore of the net proceeds is proposed to be utilised towards incremental working capital requirements while the balance is proposed to be utilised towards general corporate purposes after accounting for issuerelated expensesThe Company has appointed CRISIL Ratings Limited as the Monitoring Agency for monitoring the utilisation of the Issue proceedsKey Rights Issue DatesParticularDate DetailsRecord DateAugust 26 2026RE CreditPrior to Issue OpeningRights Issue OpensSeptember 2 2026RE Trading BeginsSeptember 2 2026Last Date for OnMarket RE TradingRenunciationSeptember 3 2026Rights Issue ClosesSeptember 9 2026Ratnaveerrsquos StainlessSteel BusinessEstablished in 2002 Ratnaveer Precision Engineering manufactures stainlesssteel finishing sheets washers sheetmetal components tubes pipes and fastenersIts products serve automotive railways pharmaceuticals aerospace and construction with exports to 31 countriesThe Company operates four manufacturing units in Gujarat and offers over 2500 washer sizes Its key capacities include 32000 MTPA of finishing sheets 7000 MTPA of washers and solar hooks and 2000 MTPA of tubes and pipesExpansion into Copper Clad LaminatesRatnaveer is diversifying into the Copper Clad Laminate CCL segment with a planned manufacturing facility at Alindra Savli Vadodara having a total capacity of approximately 80 lakh sheets annuallyThe project will be developed in two phases with the first phase of 16 lakh sheets annually targeted for commissioning in November 2026The CCL facility is designed to cater to the growing requirements of the electronics telecommunications defence and automotive sectors providing Ratnaveer an entry into the highgrowth electronic materials segment and further diversifying its product portfolio beyond stainless steelDisclaimer The information provided on the Website does not constitute investment advice financial advice trading advice or any other form of advice and you should not interpret any of the financial content as such Please conduct your own due diligence and consult with a financial advisor before making any investment decisions Midday does not endorse or promote any such activities and you access them at your own risk fully understanding the monetary and legal consequences involved Midday shall not be held responsible for any losses you may incur as a result of using any such apps or websites

Ratnaveer Precision Engineering Hits All-Time High of ₹314.90 Ahead of Rights Issue; Understanding the RE and How to Apply

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Home / Buzzfeed / Article / Ratnaveer Precision Engineering Hits All-Time High of ₹314.90 Ahead of Rights Issue; Understanding the RE and How to Apply

Ratnaveer Precision Engineering Hits All-Time High of ₹314.90 Ahead of Rights Issue; Understanding the RE and How to Apply

Other Articles

Mid-Day Fast