Ratnaveer Approves Rs 330 Crore Rights Issue at Rs 264; Shares Touch All-Time High of Rs 282.50
A key focus of Ratnaveer's expansion strategy is its Copper Clad Laminate (CCL) manufacturing project in Vadodara, Gujarat. The project has received approval under the Central Government's Electronics Component Manufacturing Scheme (ECMS) and is being developed as India's first fully integrated high-volume CCL manufacturing facility
Ratnaveer Precision Engineering Limited has approved a ₹330 crore Rights Issue of 1,24,99,669 equity shares at an issue price of ₹264 per share, including a premium of ₹254 per share.
Rights Issue at a Glance
Particular Details
Issue Size 1,24,99,669 Equity Shares
Issue Amount Approximately ₹330 Crore
Issue Price ₹264 per Equity Share
Face Value ₹10 per Equity Share
Premium ₹254 per Equity Share
Rights Entitlement 7 Equity Shares for every 40 Equity Shares held
Record Date August 26, 2026
Issue Opening Date To be announced
The announcement comes amid strong momentum in the Company's shares. Ratnaveer touched an all-time and 52-week high of ₹282.50 during trading on August 21, 2026. The stock has delivered about 55% return over the past one month.
CCL Project: A Strategic New Growth Engine
A key focus of Ratnaveer's expansion strategy is its Copper Clad Laminate (CCL) manufacturing project in Vadodara, Gujarat. The project has received approval under the Central Government's Electronics Component Manufacturing Scheme (ECMS) and is being developed as India's first fully integrated high-volume CCL manufacturing facility.
The project is approximately 60% complete, with the first production line targeted for commercial operations by November 2026. The Company has stated that civil construction, machinery procurement and installation are progressing as planned.
Ratnaveer is among the select companies receiving government support for CCL manufacturing, alongside Wipro, positioning both companies at the forefront of India's emerging domestic CCL ecosystem.
The CCL opportunity is particularly significant as the material is a critical input for printed circuit boards and India remains heavily dependent on imports. Ratnaveer's project is therefore aimed at creating domestic manufacturing capacity and supporting import substitution.
Management Commentary
Commenting on the Company's growth outlook, Mr. Vijay Sanghavi, Managing Director & CFO, Ratnaveer Precision Engineering Ltd., said:
“We have begun FY27 on a positive note with continued momentum across our core business and encouraging progress on our strategic initiatives. The progress achieved on our Copper Clad Laminate project, together with the upgrade in our Infomerics credit ratings, regulatory approvals and industry recognition received during the quarter, reflects the strength of our business fundamentals. We remain committed to delivering sustainable growth through operational excellence, strategic investments and innovation while contributing to India’s evolving manufacturing ecosystem.”
In an earlier earnings call, the management outlined a ₹2,500 crore revenue target over the next three years, with the existing stainless steel business targeted to reach approximately
₹1,800 crore and the CCL business expected to contribute around ₹750 crore as it scales.
Strong Operating Performance
Ratnaveer has also started FY27 with strong financial momentum:
Particulars (₹ in Crore) Q1 FY27 Q1 FY26 YoY Growth
Revenue from Operations 318 265 20%
EBITDA 36 27 33%
EBITDA Margin (%) 11.3% 10.0% +130 bps
Profit After Tax (PAT) 18.2 15.0 21%
The proposed Rights Issue is expected to further strengthen the Company's capital base and support its expansion and strategic initiatives as Ratnaveer moves towards the commissioning of its CCL facility.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice or a recommendation to buy, sell or subscribe to the Rights Issue.
