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Oval Projects Engineering Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed BSE SME SME Live Chart
Issue Price
₹85
Per Share
GMP
NIL
Grey Market
Est. Listing
₹85
Expected Price
Min. Application
₹272,000
2 lots × 1600 shares
IPO Issue Details
Issue Price / Price Band₹85 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size54,99,200 shares (aggregating up to ₹46.74 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 28 Aug 2025
Subscription CloseMon, 01 Sep 2025
Anchor AllotmentWed, 27 Aug 2025
Basis of AllotmentTue, 02 Sep 2025
Initiation of RefundsWed, 03 Sep 2025
Credit of Shares to DematWed, 03 Sep 2025
Listing DateThu, 04 Sep 2025
UPI Mandate Deadline2025-09-01
Application & Investment Details
Retail — Min (2 Lots)₹2,72,000 — 3200 shares
Retail — Max (13 Lots)₹1,768,000 (13 Lots)
HNI — Min (3 Lots)₹4,08,000 — 4800 shares
EPS (Pre-IPO)₹6.11
EPS (Post-IPO)₹4.49
P/E Ratio (Pre-IPO)13.91x
P/E Ratio (Post-IPO)18.92x
Net Offer to Public51,95,200 shares (aggregating up to ₹44.16 Cr)
Reserved for Market Maker3,04,000 shares (aggregating up to ₹2.58 Cr)
Pre-IPO Promoter Holding1,52,70,068 shares
Post-IPO Promoter Holding2,07,69,268 shares
About Oval Projects Engineering Ltd.

Incorporated in 2013, Oval Projects Engineering Limited is an infrastructure development company specializing in the Oil & Gas, City Gas Distribution, Urban Development, and Energy sectors across India.The company specializes in upstream, midstream, and downstream activities in the Oil and Gas sector, including pipeline laying, processing plants, CGS work, and O&M services for power plants and EPC projects.The company offers turnkey solutions spanning upstream, midstream, and downstream segments, with a strong presence in regions like Agartala, Tripura, and various other locations nationwide.The company has successfully executed over 900 km of pipeline installations and continues to engage in diverse projects within the Oil &; Gas and Power sectors.Business Segment:Oil & Gas Infrastructure: The company's Oil & Gas Infrastructure vertical focuses on designing and executing gas processing plants, oil/petrochemical storage terminals, pipeline laying, and developing infrastructure for distribution.Oil and Gas Operation and Maintenance: The company provides O&M services to CGD companies and public sector entities, including pipeline repairs, maintenance, scheduled shutdowns, and management of gas genset power plants and CNG stations.Special Infrastructure projects: The company gained expertise in civil infrastructure during oil and gas plant projects, executing specialized works. It now handles technical infrastructure projects funded by the government, World Bank, and ADB.As of March 31, 2025, the company had 123 on-roll employees.Competitive Strength:Strong Project execution capabilitiesExperienced Promoter and Management TeamOptimal Utilization of ResourcesVisible growth through a robust order bookLeveraging the market skills and relationship

Objects of the Issue

Oval Projects Engineering Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
1 Utilization towards long-term working capital requirements of the Company
37.03
2
2 General Corporate Purposes
3.94
Shareholding & Lock-in
Pre-IPO Promoter Holding 1,52,70,068 shares
Post-IPO Promoter Holding 2,07,69,268 shares
Check AllotmentCheck Status →
Oval Projects Engineering Ltd. — Live Price LIVE
₹85.00
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Issue ₹85.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹85
GMPNIL
Est. Listing₹85
Lot Size1,600 shares
Min Amount₹272,000
Listing Date04 Sep 2025
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹85
Listing Date04 Sep 2025
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 304,000 ₹2.58 Cr
TOTAL 5,499,200 100.00% ₹46.74 Cr
* Based on ₹85.00 (upper price band)
Lot Size & Investment Details
Lot Size
1,600
Shares
Issue Price
₹85.00
Per Share
Min Investment
₹136,000
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 1,600 ₹136,000
Retail (Max) 13 20,800 ₹1,768,000
sNII (Min) 14 22,400 ₹1,904,000
bNII (Min) 68 108,800 ₹9,248,000
Company Financials — Restated Consolidated (Amount in Crore)
Particulars31 Mar 202531 Mar 202431 Mar 2023
Revenue from Operations 103.44 78.99 64.09
EBITDA 18.08 9.89 3.46
Profit After Tax (PAT) 9.33 4.40 3.19
Net Worth 55.88 33.67 17.75
Total Assets 156.23 103.80 82.25
Reserves & Surplus 40.61 20.00 17.68
Total Borrowings 53.70 32.41 32.21
Key Ratios & Valuation
Issue Price ₹85
Face Value ₹10 Per Share
P/BV 2.67
RoE 20.85%
RoCE 21.32%
RoNW 20.85%
PAT Margin (%) 9.12%
EBITDA Margin (%) 17.68%
Debt / Equity N/A
Company Details
Company
Oval Projects Engineering Ltd.
Exchange
BSE SME
IPO Type
SME IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
House No. 451568, Milan Chakra, (Near Prajapita Brahmakumari Center) Badharghat, P.O. A.D. Nagar Agartala, Tripura, 799003
Book Running Lead Managers
SMC Capitals Ltd.
Book Running Lead Manager (BRLM)