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Oval Projects Engineering IPO is a book build issue of ₹46.74 crores. The issue is entirely a fresh issue of 0.55 crore shares of ₹46.74 crore.
Oval Projects Engineering IPO bidding started from Aug 28, 2025 and ended on Sep 1, 2025. The allotment for Oval Projects Engineering IPO was finalized on Sep 2, 2025. The shares got listed on BSE SME on Sep 4, 2025.
Oval Projects Engineering IPO price band is set at ₹85.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,72,000.00 (3,200 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (4,800 shares), amounting to ₹4,08,000.
SMC Capitals Ltd. is the book running lead manager and MAS Services Ltd. is the registrar of the issue. The market maker of the company is SMC Global Securities Ltd..
Refer to Oval Projects Engineering IPO RHP for detailed Information.
| IPO Date | August 28, 2025 to September 1, 2025 |
| Listing Date | September 4, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹80 to ₹85 per share |
| Issue Price Final | ₹85 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 54,99,200 shares (aggregating up to ₹46.74 Cr) |
| Reserved for Market Maker | 3,04,000 shares SMC Global Securities Ltd. (aggregating up to ₹2.58 Cr) |
| Net Offered to Public | 51,95,200 shares (aggregating up to ₹44.16 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,52,70,068 shares |
| Share Holding Post Issue | 2,07,69,268 shares |
Oval Projects Engineering IPO offers total 54,99,200 shares. Out of which 15,60,000 (28.37%) allocated to QIB, 6,24,000 (11.35%) allocated to QIB (Ex- Anchor), 14,40,000 (26.19%) allocated to NII, 21,95,200 (39.92%) allocated to RII and 9,36,000 (17.02%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,04,000 (5.53%) |
| QIB Shares Offered | 15,60,000 (28.37%) |
| − Anchor Investor Shares Offered | 9,36,000 (17.02%) |
| − QIB (Ex. Anchor) Shares Offered | 6,24,000 (11.35%) |
| NII (HNI) Shares Offered | 14,40,000 (26.19%) |
| − bNII > ₹10L | 9,60,000 (17.46%) |
| − sNII < ₹10L | 4,80,000 (8.73%) |
| Retail Shares Offered | 21,95,200 (39.92%) |
| Total Shares Offered | 54,99,200 (100.00%) |
Oval Projects Engineering IPO raises ₹7.96 crore from anchor investors. Oval Projects Engineering IPO Anchor bid date is August 26, 2025. Oval Projects Engineering IPO Anchor Investors list
| Bid Date | August 26, 2025 |
| Shares Offered | 9,36,000 |
| Anchor Portion Size (In Cr.) | 7.96 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 2, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 1, 2025 |
Oval Projects Engineering IPO opens on August 28, 2025, and closes on September 1, 2025.
| IPO Open Date | Thu, Aug 28, 2025 |
| IPO Close Date | Mon, Sep 1, 2025 |
| Tentative Allotment | Tue, Sep 2, 2025 |
| Initiation of Refunds | Wed, Sep 3, 2025 |
| Credit of Shares to Demat | Wed, Sep 3, 2025 |
| Tentative Listing Date | Thu, Sep 4, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 1, 2025 |
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,72,000 |
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,72,000 |
| S-HNI (Min) | 3 | 4,800 | ₹4,08,000 |
| S-HNI (Max) | 7 | 11,200 | ₹9,52,000 |
| B-HNI (Min) | 8 | 12,800 | ₹10,88,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Oval Projects Engineering Limited'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 Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 156.23 | 103.80 | 82.25 |
| Total Income | 103.44 | 78.99 | 64.09 |
| Profit After Tax | 9.33 | 4.40 | 3.19 |
| EBITDA | 18.08 | 9.89 | 3.46 |
| Net Worth | 55.88 | 33.67 | 17.75 |
| Reserves and Surplus | 40.61 | 20.00 | 17.68 |
| Total Borrowing | 53.70 | 32.41 | 32.21 |
| Amount in ₹ Crore | |||
The market capitalization of Oval Projects Engineering IPO is ₹176.54 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 20.85% |
| ROCE | 21.32% |
| RoNW | 20.85% |
| PAT Margin | 9.12% |
| EBITDA Margin | 17.68% |
| Price to Book Value | 2.67 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.11 | 4.49 |
| P/E (x) | 13.91 | 18.92 |
The Company Oval Projects Engineering IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Utilization towards long-term working capital requirements of the Company | 37.03 |
| 2 | General Corporate Purposes | 3.94 |
[Dilip Davda] OPEL is engaged in providing infrastructure services for EPC, O&M projects on PAN India basis. The company marked growth in its top and bottom lines for the reported periods. Boosted bottom line for FY25 raise eyebrows and concern over its sustainability going forward. Its order book stood at Rs. 453 cr. as of April 09, 2025. Based on its recent financial data, the issue appears aggressively priced. Well-informed/cash surplus investors may park moderate funds for long term. Read detail review...
| Listing Date | September 4, 2025 |
| BSE Script Code | 544498 |
| NSE Symbol | |
| ISIN | INE0RTI01017 |
| Final Issue Price | ₹85 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹85.00 |
| Open | ₹85.25 |
| Low | ₹85.00 |
| High | ₹86.00 |
| Last Trade | ₹85.05 |
Oval Projects Engineering Ltd.
House No. 451568,
Milan Chakra, (Near Prajapita Brahmakumari Center)
Badharghat, P.O. A.D. Nagar
Agartala, Tripura, 799003
Phone: +91 7085049473
Email: cs@ovalprojects.com
Website: https://www.ovalprojects.com/
MAS Services Ltd.
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp
Oval Projects Engineering IPO is a SME IPO of 54,99,200 equity shares of the face value of ₹10 aggregating up to ₹46.74 Crores. The issue is priced at ₹85 per share. The minimum order quantity is 1600.
The IPO opens on August 28, 2025, and closes on September 1, 2025.
MAS Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Oval Projects Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Oval Projects Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Oval Projects Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Oval Projects Engineering IPO opens on August 28, 2025 and closes on September 1, 2025.
Oval Projects Engineering IPO lot size is 1600, and the minimum amount required for application is ₹2,72,000, with 2 lots being the minimum application size.
You can apply in Oval Projects Engineering 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 Oval Projects Engineering IPO will be done on Tuesday, September 2, 2025, and the allotted shares will be credited to your demat account by Wednesday, September 3, 2025. Check the Oval Projects Engineering IPO allotment status.
The Oval Projects Engineering IPO listing date is on Thursday, September 4, 2025.
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