Ratnaveer Precision Engineering Soars on Strong Rights Issue Subscription

Ratnaveer Precision Engineering Limited has announced that its ₹329.99 crore Rights Issue was subscribed at 1.11x, demonstrating strong participation from eligible shareholders and Rights Entitlement (RE) holders. The issue comprised 1,24,99,669 fully paid-up equity shares at ₹264 per share.

The company is positioning itself to benefit from India's push for electronics import substitution and the global rally in Copper Clad Laminate (CCL) prices, which have surged by around 325% over the past year. This creates an opportunity for Ratnaveer to expand its margin profile through import substitution demand and favourable pricing.

Management has guided that the CCL business is expected to generate approximately ₹350 crore in revenue at a standalone EBITDA margin of about 20% and PAT margin of around 13%. The company's consolidated revenue is targeted to reach ₹2,100 crore by FY28, with a blended EBITDA margin of roughly 13.5% and PAT margin of about 10.5%.