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Oval Projects Engineering Ltd. IPO Details – Price, Date, GMP & Analysis
Listed
SME
Price Range:
Rs.85.00
Issue Size:
Rs.46.74 Cr
Lot Size:
3200 shares
Open Date:
August 28
Oval Projects Engineering Ltd. IPO Overview
Bidding Dates
August 28 - September 1
Min Investment
₹272,000
Price Range
₹85.00
Issue Size
₹46.74 Cr
IPO DRHP Doc
Company Overview
Oval Projects Engineering Limited, incorporated in 2013, is an infrastructure development company focused on the Oil & Gas, City Gas Distribution, Urban Development, and Energy sectors in India. The company provides turnkey solutions for upstream, midstream, and downstream activities, including pipeline laying, processing plants, and O&M services for power plants and EPC projects, with a notable presence in Agartala, Tripura, and other regions across the country.
IPO Timeline
Opens
Aug 28
Closes
Sep 1
Allotment
Sep 2
Refunds
Sep 3
Shares Credit
Sep 3
Listing
Sep 4
Opens
Aug 28
Closes
Sep 1
Allotment
Sep 2
Refunds
Sep 3
Shares Credit
Sep 3
Listing
Sep 4
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 2.88x | Oversubscribed |
| NII (Non-Institutional Investors/HNI) | 0.29x | Undersubscribed |
| RII (Retail Individual Investors) | 0.31x | Undersubscribed |
| Total Subscription | 0.68x | Partially Subscribed |
Last updated: Aug 29, 2025, 05:06 PM
Current GMP:
No Premium
Est. Listing:
Rs.85
Est. Gain:
0%
Star Rating:
★★★★★(1/5)
Financial Information
Financial Data Table
Detailed breakdown of financial metrics across years
| Financial Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Assets | ₹156.23 Cr | ₹103.8 Cr | ₹82.25 Cr |
| EBITDA | ₹18.08 Cr | ₹9.89 Cr | ₹3.46 Cr |
| Net Worth | ₹55.88 Cr | ₹33.67 Cr | ₹17.75 Cr |
| Profit After Tax | ₹9.33 Cr | ₹4.4 Cr | ₹3.19 Cr |
| Reserves and Surplus | ₹40.61 Cr | ₹20 Cr | ₹17.68 Cr |
| Total Borrowing | ₹53.7 Cr | ₹32.41 Cr | ₹32.21 Cr |
| Total Income | ₹103.44 Cr | ₹78.99 Cr | ₹64.09 Cr |
Financial data is visualized in the chart above
Strengths & Risks Analysis
Key Strengths
Competitive advantages and positive aspects
- Proven track record in executing water infrastructure projects.
- End-to-end EPC capabilities from design to commissioning.
- Experienced management team with sector-specific expertise.
- Established relationships with government and municipal bodies.
- Focus on quality, compliance, and timely project delivery.
IPO Details
Oval Projects Engineering IPO Details
| [.] | |
| ₹10 per share | |
| 1,52,70,068 shares | |
| 1,600 Shares | |
| 2,07,69,268 shares | |
| 54,99,200 shares (aggregating up to ₹46.74 Cr) | |
| BSE SME | |
| IPO Date | August 28, 2025 to September 1, 2025 |
| Issue Price Band | ₹80 to ₹85 per share |
| Issue Type | Bookbuilding IPO |
| Net Offered to Public | 51,95,200 shares (aggregating up to ₹44.16 Cr) |
| Reserved for | |
| Sale Type | Fresh Capital |
Oval Projects Engineering IPO Reservation
Share Reservation Distribution
Retail
2,195,200 shares (39.92%)
QIB
1,560,000 shares (28.37%)
HNI (NII)
1,440,000 shares (26.19%)
Anchor Investors
936,000 shares (17.02%)
bNII (>₹10L)
656,000 shares (11.93%)
QIB (Ex-Anchor)
624,000 shares (11.35%)
sNII (<₹10L)
480,000 shares (8.73%)
Market Maker
304,000 shares (5.53%)
Oval Projects Engineering IPO Promoter Holding
| Promoter Holding Post Issue | |
| Promoter Holding Pre Issue | 72.19% |
Key Dates
Open Date:August 28
Close Date:September 1
Listing Date:September 4
