The initial public offering (IPO) of Ratnaveer Precision Engineering Ltd (RPEL) is now open for public subscription. The price band of the IPO is set at Rs 93 to Rs 98 per equity share, with an issue size of Rs 165.03 crore. The IPO will open on September 4, 2023, and close on September 6, 2023. The company intends to use the net proceeds for working capital requirements and general corporate purposes.
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