Oval Projects Engineering IPO
Oval Projects Engineering IPO
Overview
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 opens for subscription on Aug 28, 2025 and closes on Sep 1, 2025. The allotment for the Oval Projects Engineering IPO is expected to be finalized on Sep 2, 2025. Oval Projects Engineering IPO will list on BSE SME with a tentative listing date fixed as Sep 4, 2025. Oval Projects Engineering IPO price band is set at ₹80.00 to ₹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..
Total Shares
54,99,200
Issue Size
₹46.74 Cr
Price Band
₹80 – ₹85
Lot Size
1600 shares
Min. Investment
₹2,72,000
Max. Investment
₹2,72,000
Open Date
28 Aug, 2025
Close Date
01 Sep, 2025
Allotment
02 Sep, 2025
Listing
04 Sep, 2025
Max. Investment
₹2,72,000
Announced
28 Aug, 2025
Opening Date
28 Aug, 2025
Closing Date
01 Sep, 2025
Basis of Allotment
02 Sep, 2025
Initiation of Refunds
03 Sep, 2025
Credit of Shares
03 Sep, 2025
Listing Date
04 Sep, 2025
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About Oval Projects Engineering IPO
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
Oval Projects Engineering IPO Share Price
Issue Breakdown
Shareholding
Dilution: 36.0% increase in shares
Oval Projects Engineering IPO Promoters Holding
Oval Projects Engineering IPO Financial Health
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.
Oval Projects Engineering IPO Lot Size
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 | 3200 | ₹2,72,000 |
| Individual investors (Retail) (Max) | 2 | 3200 | ₹2,72,000 |
| S-HNI (Min) | 3 | 4800 | ₹4,08,000 |
| S-HNI (Max) | 7 | 11200 | ₹9,52,000 |
| B-HNI (Min) | 8 | 12800 | ₹10,88,000 |
(All values in CR)
Oval Projects Engineering IPO Valuations
The market capitalization of Oval Projects Engineering IPO is ₹176.54 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 20.85 |
| ROCE | 21.32 |
| RoNW | 20.85 |
| PAT Margin | 9.12 |
| EBITDA Margin | 17.68 |
| Price to Book Value | 2.67 |
(All values in CR)
Oval Projects Engineering IPO Strength & Risk
Oval Projects Engineering IPO Strength:
Strong presence in EPC and O&M services for oil & gas infrastructure.
Healthy order book ensuring revenue visibility.
Consistent financial growth with improving margins.
Attractive return ratios (ROCE & ROE).
Experienced management and proven execution capability.
Oval Projects Engineering IPO Risk:
Execution delays and cost overruns common in EPC projects.
High dependency on oil & gas sector.
SME listing may face low liquidity.
Debt and working capital cycles need careful management.
Oval Projects Engineering IPO Subscriptions Status
Oval Projects Engineering IPO subscribed 0.68 times. The public issue subscribed 0.31 times in the individual investors category, 2.88 times in QIB (Ex Anchor), and 0.29 times in the NII category by August 29, 2025 4:44:42 PM (Day 2).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 9,36,000 | 9,36,000 | 7.956 |
| QIB (Ex Anchor) | 2.88 | 6,24,000 | 18,00,000 | 15.3 |
| Market Maker | 1.00 | 3,04,000 | 3,04,000 | 2.584 |
| Non-Institutional Buyers | 0.43 | 14,40,000 | 6,14,400 | 5.222 |
| bNII (bids above ₹10L) | 0.77 | 6,56,000 | 5,07,200 | 4.311 |
| sNII (bids below ₹10L) | 0.22 | 4,80,000 | 1,07,200 | 0.911 |
| Individual Investors (IND category bidding for 2 Lots) | 0.51 | 21,95,200 | 11,29,600 | 9.602 |
| Total | 0.83 | 42,59,200 | 35,44,000 | 30.124 |
Oval Projects Engineering IPO GMP
Oval Projects Engineering SME IPO last GMP is ₹0, last updated Sep 1st 2025 12:00 PM. With the price band of 85.00, Oval Projects Engineering SME IPO's estimated listing price is ₹85 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%. The lowest GMP is ₹0.00, while the highest GMP is ₹8.00.
Last updated 01 Sep, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 01 Sep, 2025 | 85 | ₹0 | - | ₹85 (0.00%) | - | 01 Sep, 2025 |
| 31 Aug, 2025 | 85 | ₹0 | - | ₹85 (0.00%) | - | 31 Aug, 2025 |
| 30 Aug, 2025 | 85 | ₹0 | - | ₹85 (0.00%) | - | 30 Aug, 2025 |
| 29 Aug, 2025 | 85 | ₹0 | - | ₹85 (0.00%) | - | 29 Aug, 2025 |
| 28 Aug, 2025 | 85 | ₹0▼ | - | ₹85 (0.00%) | 12800 | 28 Aug, 2025 |
| 27 Aug, 2025 | 85 | ₹8 | 9700 | ₹93 (9.41%) | 12800 | 27 Aug, 2025 |
| 26 Aug, 2025 | 85 | ₹8 | 9700 | ₹93 (9.41%) | 12800 | 26 Aug, 2025 |
| 25 Aug, 2025 | 85 | ₹8▲ | 9700 | ₹93 (9.41%) | 12800 | 25 Aug, 2025 |
| 24 Aug, 2025 | 85 | ₹0 | - | ₹85 (0.00%) | - | 24 Aug, 2025 |
| 23 Aug, 2025 | 85 | ₹0 | - | ₹ (0.00%) | - | 23 Aug, 2025 |
| 22 Aug, 2025 | 0 | ₹0 | - | ₹ (%) | - | 22 Aug, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Oval Projects Engineering IPO
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Find Oval Projects Engineering IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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Your funds will be blocked in your account until the IPO allotment process is completed.