Oval Projects Engineering Limited IPO
BSE SMEOffer Date: Aug 28, 2025 - Sep 1, 2025
₹ 136000 /1600 Shares
28 Aug, 2025
Open Date01 Sep, 2025
Close Date02 Sep, 2025
Allotment Date04 Sep, 2025
Listing DateIssue Price
₹80-85 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
MAS Services LimitedMarket Lot
Individual(Retail)(Min) : 3200 Shares (₹272,000/-)Individual(Retail)(Max) : 3200 Shares (₹272,000/-)
HNI(Min) : 4800 Shares (₹408,000/-)
Lead Manager
SMC Capitals LimitedIssue Size
54,99,200 shares(aggregating up to ₹46.74 Cr)Retail Portion
35%Subscription
N/A timesIPO Docs
DRHPOval Projects Engineering IPO Details
Oval Projects Engineering Limited IPO is an SME IPO, priced at ₹80-85 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 54,99,200 equity shares, aggregating up to ₹46.74 crores..
The IPO bidding window is open from Aug 28, 2025 to Sep 1, 2025. The allotment is expected to be finalized on Sep 2, 2025, and the tentative listing date is Sep 4, 2025.
The minimum lot size for retail investors is 3200 shares, with a minimum investment of ₹2,72,000. For HNIs, the minimum application size is 3 lots , amounting to ₹ 4,08,000.
SMC Capitals Limited is acting as the lead manager to the issue. The registrar of the IPO is MAS Services Limited, and
Oval Projects Engineering Valuations
EPS Pre IPO
₹6.11/-EPS Post IPO
₹4.49/-P/E Pre IPO
13.91P/E Post IPO
18.92ROE
20.85%ROCE
21.32%Debt/Equity
RoNW
20.85%PAT Margin
9.12%Price to Book Value
2.67Oval Projects Engineering Company Financials All values are in ₹ Cr.
| 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|
| Assets | 156.23 | 103.80 | 82.25 |
| Revenue | 103.44 | 78.99 | 64.09 |
| Profit After Tax | 9.33 | 4.40 | 3.19 |
| Net Worth | 55.88 | 33.67 | 17.75 |
| Reserves & Surplus | 40.61 | 20.00 | 17.68 |
| Total Borrowing | 53.70 | 32.41 | 32.21 |
About The Company
Founded in 2013, Oval Projects Engineering Limited is an infrastructure development firm with expertise in the Oil & Gas, City Gas Distribution, Urban Development, and Energy verticals in India.It is a specialist in upstream, midstream, and downstream operations in the Oil and Gas industry, such as pipeline laying, processing plants, CGS jobs, and O&M services for power plants and EPC jobs.
The firm provides turnkey solutions across upstream, midstream, and downstream segments, with extensive coverage in areas such as Agartala, Tripura, and several other locations across the country.The firm has successfully completed more than 900 km of pipeline installations and continues to work on diverse projects in the Oil &; Gas and Power sectors.
Business Segment:
Oil & Gas Infrastructure: Oil & Gas Infrastructure vertical of the company specializes in the development and implementation of gas processing plants, oil/petrochemical terminals for storage, pipeline laying, and building distribution infrastructure.
Oil and Gas Operation and Maintenance: The company offers O&M solutions to CGD firms and government sector companies, such as pipeline rehabilitation, maintenance, planned shutdowns, and operation and management of gas genset power plants and CNG stations.
Special Infrastructure projects: The firm acquired civil infrastructure expertise in oil and gas plant projects, undertaking specialized works. It now undertakes technical infrastructure projects that are government-funded, World Bank-funded, and ADB-funded.
As of March 31, 2025, the company employed 123 on-roll staff.
Oval Projects Engineering - Promoter(s)
Pre Issue Share Holding: 72.19%
Post Issue Share Holding: %
- Goutam Debnath
Oval Projects Engineering IPO - Issue Objectives
- Utilization towards long-term working capital requirements of our Company
- General Corporate Purposes
Other Details
Oval Projects Engineering
House No. 451568, Milan Chakra, (Near Prajapita Brahmakumari Center) Badharghat, P.O. A.D. Nagar Agartala, Tripura, 799003Mas Services Limited
Oval Projects Engineering IPO - FAQs
Ans. Oval Projects Engineering Limited IPO is a SME IPO. The issue is priced at ₹80-85 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Aug 28, 2025, and closes on Sep 1, 2025. MAS Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Oval Projects Engineering Limited IPO opens on Aug 28, 2025 and closes on Sep 1, 2025.
Ans. The size of Oval Projects Engineering Limited IPO is 54,99,200 shares(aggregating up to ₹46.74 Cr).
Ans. The IPO price band is set between ₹80-85 per equity share.
Ans. To apply for Oval Projects Engineering Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Oval Projects Engineering Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Oval Projects Engineering Limited IPO is Sep 2, 2025.
Ans. The Oval Projects Engineering Limited IPO will be listed on Sep 4, 2025.
Ans. Follow the steps to check the allotment status for Oval Projects Engineering Limited IPO here.
