IPO

Oval Projects Engineering Limited IPO

BSE SME

Listed On: Sep 4, 2025 at ₹ 85.25

₹ 272000 /3200 Shares
*Min Investment

Check Allotment

28 Aug, 2025

Open Date

01 Sep, 2025

Close Date

02 Sep, 2025

Allotment Date

04 Sep, 2025

Listing Date
Oval Projects Engineering IPO Live Subscription Details
View Subscription Details
QIB 6.21x
Individual 0.83x
NIIs 0.86x
BHNI 1.32x
SHNI 0.48x
Individual 0.83x
Total 1.57x
Last updated: 01 Sep 2025,06:12:18 PM
Oval Projects Engineering IPO Issue Details
  • Issue Price ₹80-85 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 54,99,200 shares(aggregating up to ₹46.74 crore)
  • Fresh Share 54,99,200 shares(aggregating up to ₹46.74 crore)
  • Listing at BSE SME
  • List Price 85.25
  • Listing Date 2025-09-04
  • Lead Manager SMC Capitals Limited
  • Registrar MAS Services Limited
Market Lot Size

Investors can bid for a minimum of 3200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Individual (min) 2 3200 ₹2,72,000
Individual(max) 2 3200 ₹2,72,000
NII (min) 3 4,800 ₹4,08,000
Oval Projects Engineering IPO Reservation

Oval Projects Engineering IPO offers total 54,99,200 shares. Out of which 6,24,000 (11.35%) allocated to QIB, 14,40,000 (26.19%) allocated to NII,21,95,200 (39.92%) allocated to RII, NA (NA%) allocated to employees and 9,36,000 (17.02%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 9,36,000 (17.02%)
Market Maker Shares Offered 3,04,000 (5.53%)
QIB Shares Offered 6,24,000 (11.35%)
NII (HNI) Shares Offered 14,40,000 (26.19%)
bNII > ₹10L 6,56,000 (11.93%)
sNII < ₹10L 4,80,000 (8.73%)
Individual Shares Offered 21,95,200 (39.92%)
Total Shares Offered 54,99,200 (100%)
Oval Projects Engineering IPO Documents
DRHP
RHP
Oval 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 Individual 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

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Oval Projects Engineering IPO Subscription Analysis And Details
Retail
0.83x
Total
1.57x
As on QIB / NII Individual Total
Shares Offered / Reserved 6,24,000 / 14,40,000 21,95,200 42,59,200
Day 1 28-08-25 06:00 PM
2.88 / 0.31 x 0.13 x 0.59 x
Day 2 29-08-25 06:00 PM
2.88 / 0.29 x 0.31 x 0.68 x
Day 3 01-09-25 06:00 PM
6.21 / 0.86 x 0.83 x 1.57 x
Total No of Applications
666
Oval Projects Engineering Valuations
EPS Pre IPO ₹6.11/-
EPS Post IPO ₹4.49/-
P/E Pre IPO 13.91
P/E Post IPO 18.92
ROE 20.85%
ROCE 21.32%
RoNW 20.85%
PAT Margin 9.12%
Price to Book Value 2.67
Oval Projects Engineering Company Financials
In Crs.
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 Oval Projects Engineering 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.

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Oval Projects Engineering - Promoter(s)

Goutam Debnath

Pre Issue Share Holding : 72.19%

Post Issue Share Holding : %

Oval Projects Engineering IPO - Issue Objectives
1

Utilization towards long-term working capital requirements of our Company

2

General Corporate Purposes

Contact Details

Oval Projects Engineering

House No. 451568, Milan Chakra, (Near Prajapita Brahmakumari Center) Badharghat, P.O. A.D. Nagar Agartala, Tripura, 799003

+91-7085049473

cs@ovalprojects.com

https://www.ovalprojects.com/

Registrar Contact Details

Mas Services Limited

(011) 2610 4142

ipo@masserv.com

https://www.masserv.com/opt.asp