Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
Bvishal Oil & Energy Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on March 31, 2026 to raise funds through Initial Public Offer (IPO).
Bvishal Oil & Energy Ltd. IPO is a Book Build Issue of 2.57 crore equity shares consisting of a fresh issue of upto 1.80 crore equity shares and an offer for sale (OFS) of upto 0.77 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Unistone Capital Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Bvishal Oil and Energy IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,57,09,799 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 1,80,00,000 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 77,09,799 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 5,37,75,000 shares |
| Share Holding Post Issue | 7,17,75,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Mar 31, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
Incorporated in 2017, Bvishal Oil and Energy Limited is an onshore oilfield services provider offering services across exploration, production, and maintenance of oil and gas wells, with a focus on upstream and midstream operations.
The company’s core services include well intervention and stimulation, surface production testing and gas processing, operations and maintenance (O&M), production enhancement services (PES), and enhanced oil recovery (EOR). These services cover coiled tubing, workover, nitrogen pumping, acidizing, polymer flooding, multi-phase separation, gas conditioning, and field-level production optimization.
As of February 28, 2026, the company, along with its subsidiaries, has executed 86 projects and has an ongoing order book of ₹66,085.12 lakh. Its operations are spread across Gujarat, Assam, Rajasthan, Andhra Pradesh, and Odisha.
The service portfolio is supported by equipment including 7 coiled tubing units, 2 workover rigs, 6 nitrogen pumping units, 5 acid pumping units, 4 hot oil circulation units, 1 mobile testing unit, 11 surface production facility packages, and 5 gas distribution unit (GDU/DPD) systems.
As of February 28, 2026, the company had 964 employees.
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 435.85 | 419.65 | 335.97 | 253.18 |
| Total Income | 92.94 | 175.60 | 182.78 | 126.64 |
| Profit After Tax | 17.36 | 30.91 | 31.63 | 20.61 |
| EBITDA | 34.17 | 56.74 | 60.71 | 40.54 |
| NET Worth | 251.12 | 233.45 | 182.93 | 100.86 |
| Reserves and Surplus | 207.91 | 190.65 | 154.75 | 78.89 |
| Total Borrowing | 113.70 | 126.05 | 111.74 | 109.63 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the capital expenditure requirements for the acquisition of machinery and equipment to support the expansion and strengthening of the operational capabilities (“proposed capital expenditure”) | 120.90 |
| 2 | Funding the working capital requirements of the Company; | 45.00 |
| 3 | General corporate purposes | |
| Total | 165.90 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 7.29% | 14.50% |
| ROCE | 7.87% | 13.28% |
| Debt/Equity | 0.47 | 0.56 |
| RoNW | 7.29% | 14.50% |
| PAT Margin | 19.08% | 17.79% |
| EBITDA Margin | 37.54% | 32.64% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.75 | 4.84 |
| Promoter Holding | 81.46% |
Lead Manager Reports
Bvishal Oil and Energy IPO is a main-board IPO of 2,57,09,799 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Bvishal Oil and Energy IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Bvishal Oil and Energy IPO using UPI as a payment gateway. Zerodha customers can apply in Bvishal Oil and Energy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bvishal Oil and Energy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bvishal Oil and Energy IPO dates are not announced. Please check back again after some time.
Bvishal Oil and Energy IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Bvishal Oil and Energy IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Bvishal Oil and Energy IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Bvishal Oil and Energy IPO allotment status.
The Bvishal Oil and Energy IPO listing date is not yet announced. The tentative date of listing is .
