Ashwini Container Movers IPO vs Oval Projects Engineering IPO

Comparison between Ashwini Container Movers IPO and Oval Projects Engineering IPO.

IPO Details

Ashwini Container Movers IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Oval Projects Engineering IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Ashwini Container Movers IPO is up to ₹67.45 Cr whereas the issue size of the Oval Projects Engineering IPO is up to ₹44.16 Cr. The final issue price of Ashwini Container Movers IPO is ₹142.00 per share and of Oval Projects Engineering IPO is ₹85.00 per share.

 Ashwini Container Movers IPOOval Projects Engineering IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹135.00 per share₹80.00 per share
Issue Price (Upper)₹142.00 per share₹85.00 per share
Issue Price (Final)₹142.00 per share₹85.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1000 shares1600 shares
Fresh Issue Size47,50,000 shares51,95,200 shares
Fresh Issue Size (Amount)up to ₹67.45 Crup to ₹44.16 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total47,50,000 shares51,95,200 shares
Issue Size Total (Amount)up to ₹67.45 Crup to ₹44.16 Cr

IPO Timetable

Ashwini Container Movers IPO opens on Dec 12, 2025, while Oval Projects Engineering IPO opens on Aug 28, 2025. The closing date of Ashwini Container Movers IPO and Oval Projects Engineering IPO is Dec 16, 2025, and Sep 01, 2025, respectively.

 Ashwini Container Movers IPOOval Projects Engineering IPO
Anchor Bid DateDec 11, 2025Aug 26, 2025
Issue OpenDec 12, 2025Aug 28, 2025
Issue CloseDec 16, 2025Sep 01, 2025
Basis Of Allotment (Tentative)Dec 17, 2025Sep 02, 2025
Initiation of Refunds (Tentative)Dec 18, 2025Sep 03, 2025
Credit of Share (Tentative)Dec 18, 2025Sep 03, 2025
Listing date (Tentative)Dec 19, 2025Sep 04, 2025
Anchor Lockin End date 1Jan 15, 2026Oct 03, 2025
Anchor Lockin End date 2Mar 16, 2026Dec 01, 2025

Financials & KPIs

Ashwini Container Movers IPO P/E ratio is 12.4, as compared to Oval Projects Engineering IPO P/E ratio of 13.91.

 Ashwini Container Movers IPOOval Projects Engineering IPO
Financials

Company Financials (Restated)

Ashwini Container Movers Ltd.'s revenue increased by 21% and profit after tax (PAT) rose by 731% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets121.21101.4678.3166.11
Total Income55.8696.0679.2777.16
Profit After Tax9.9111.451.382.10
EBITDA19.0124.8913.6412.17
NET Worth29.8020.429.398.01
Reserves and Surplus20.4010.849.147.76
Total Borrowing74.9062.5758.7047.38
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Oval Projects Engineering Ltd.'s revenue increased by 31% and profit after tax (PAT) rose by 112% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets156.23103.8082.25
Total Income103.4478.9964.09
Profit After Tax9.334.403.19
EBITDA18.089.893.46
NET Worth55.8833.6717.75
Reserves and Surplus40.6120.0017.68
Total Borrowing53.7032.4132.21
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10072.19
Promoter Shareholding (Post-Issue)66.4753.07
P/E Ratio12.413.91
Market Cap₹213.00 Cr.₹176.54 Cr.
ROE76.82%20.85%
ROCE25.39%21.32%
Debt/Equity
EPS₹11.45₹6.11
RoNW76.82%20.85%

Shares Offered

In the Ashwini Container Movers IPO Retail Individual Investors (RII) are offered 16,66,000 shares while in Oval Projects Engineering IPO retail investors are offered 16,66,000 shares. Qualified Institutional Buyers (QIB) are offered 9,48,000 shares in Ashwini Container Movers IPO and 6,24,000 shares in Oval Projects Engineering IPO.

 Ashwini Container Movers IPOOval Projects Engineering IPO
Anchor Investor Reservation14,16,000 shares9,36,000 shares
Market Maker Reservation2,50,000 shares3,04,000 shares
QIB9,48,000 shares6,24,000 shares
NII7,20,000 shares14,40,000 shares
RII16,66,000 shares21,95,200 shares
Employee0 shares0 shares
Others
Total47,50,000 shares51,95,200 shares

Bids Received (Subscription)

Ashwini Container Movers IPO subscribed 1.70x in total, whereas Oval Projects Engineering IPO subscribed 1.61x.

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