Archive · 24 Aug 2026
Ratnaveer Approves ₹330 Crore Rights Issue Amid Share Surge
Ratnaveer Precision Engineering wants to raise money by selling new shares to some of its existing investors.
The plan could raise about ₹330 crore.
Investors will be offered seven new shares for every 40 shares they already own.
The company has not yet announced when the offer will open.
Its share price recently reached ₹282.50, its highest level so far.
Ratnaveer is also building a factory in Vadodara to make Copper Clad Laminate, a material used in circuit boards.
The factory is about 60% finished, and the first production line is planned for November 2026.
The company reported higher sales, operating earnings and profit in the first quarter of FY27.
Ratnaveer says the new money will help fund its expansion and new factory.
Ratnaveer Precision Engineering approved a ₹330 crore rights issue of 1,24,99,669 equity shares at ₹264 each.
Eligible shareholders will receive seven rights shares for every 40 shares held, with August 26, 2026 set as the record date.
Ratnaveer's shares touched an all-time and 52-week high of ₹282.50 on August 21, 2026, after gaining about 55% in one month.
The company's Copper Clad Laminate project in Vadodara is about 60% complete, with its first production line targeted for November 2026.
Q1 FY27 revenue rose 20% to ₹318 crore, EBITDA increased 33% to ₹36 crore, and profit after tax grew 21% to ₹18.2 crore.
- Who
- Ratnaveer Precision Engineering Limited and its existing shareholders.
- What
- The company approved a ₹330 crore rights issue and is expanding into Copper Clad Laminate manufacturing.
- When
- The shares reached ₹282.50 on August 21, 2026; the rights issue record date is August 26, 2026, while the opening date is yet to be announced.
- Where
- The Copper Clad Laminate project is being developed in Vadodara, Gujarat.
- Why
- The rights issue is intended to strengthen the company's capital base and support expansion, including the Copper Clad Laminate facility.
- Rights issue size
- 1,24,99,669 equity shares
- Issue amount
- Approximately ₹330 crore
- Issue price
- ₹264 per share, including a ₹254 premium on a ₹10 face value
- Rights entitlement
- Seven equity shares for every 40 shares held
- Record date
- August 26, 2026
- Share-price high
- ₹282.50 on August 21, 2026
- CCL project status
- Approximately 60% complete, with the first production line targeted for commercial operations by November 2026