Oval Projects Engineering Limited IPO

Oval Projects Engineering Limited IPO

SME BSE SME 100% Book Built Offer
Closed

Price Band

₹80 - ₹85

Total Issue

₹46.74 Cr

Bid Dates

28 Aug - 01 Sep

Subscription

1.57x

Est. GMP

₹4 (4.71%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Oval Engineering is an infrastructure services provider specializing in EPC and O&M services, catering to clients across India, with a strong focus on the Oil & Gas sector. Headquartered in Agartala, Tripura, it began as a project management consultancy and has, over the past decade, diversified into EPC, O&M and allied infrastructure services. Its expertise spans upstream, midstream and downstream facility development, including processing plants, pipeline laying, horizontal directional drilling, terminal stations, city gas distribution (CGD) networks, O&M of PNG/PNG services and captive power plants, along with other related EPC projects.

Lot Info

Lot Information for Oval Projects IPO
Category Lots Shares Amount
Individual (Min) 2 3,200 ₹2,72,000
Individual (Max) 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
Market Maker
304000 EQ Shares
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹46.74 Cr
Fresh Issue
₹46.74 Cr (0.55 Cr Shares)
Offer For Sale
₹0.00 (0.00 Shares)

Objects of Issue

  1. To meet long-term working capital requirements
  2. General Corporate Purposes

Grey Market Premium

GMP ₹4
Est. Price ₹89
Est. Gain 4.71%

Oval Projects IPO Peer Comparison

(Rs. in crores)

Oval Projects IPO Peer Comparison Table
Particulars Oval Projects Likhitha Infra Konstelec Engineers
Revenue from Ops (in Crs.) 102.29 520.09 195.66
PAT (In Crs.) 9.33 69.43 4.75
EPS - Basic 6.65 17.57 3.14
NAV per share 31.89 5.40 20.30
RONW 20.85% 18.52% 4.93%
EBITDA 17.68% 15.68% 7.71%
PAT Margin 9.12% 13.35% 2.43%
Price to earning (PE) 12.78 15.34 19.39
  • All information pertains to FY 2024-25.
  • PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of Mar 28, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Oval Projects IPO
Particulars Mar-25 Mar-24 Mar-23
Revenue from Operations 102.29 77.97 59.02
Profit after Tax 9.33 4.40 3.19
Net Worth 55.88 33.67 17.75
Total Borrowing 53.70 32.41 32.21
Total Assets 156.23 103.80 82.25
NAV per share (in ₹) 31.89 37.22 14.40
EPS - Basic (in ₹) 6.65 6.37 2.83

KPIs

EBITDA

17.68%

PAT

9.12%

ROE

20.85%

ROCE

21.32%

PE Ratio

12.78

PB Ratio

2.67

Mkt Cap (in Crs.)

176.54

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

72.19%

Public

27.81%

Goutam Debnath 72.19%

Management

Goutam Debnath Chairman & MD
Princee Gupta CFO

Registrar & Lead Managers

Registrar

Mass Services

Mass Services

Lead Managers (1)

SMC Capitals SMC Capitals

Subscription Status

Updated as on 01 Sep 2025 | 05:00:00 PM

BSE SME Subscription Status for Oval Projects IPO
Category Sub (x) Offered Bids
QIB 6.21x 6,24,000 38,76,800
NII 0.86x 14,40,000 14,91,200
bHNI 1.32x 9,60,000 12,62,400
sHNI 0.48x 4,80,000 2,28,800
Retail 0.83x 21,95,200 18,11,200
Total 1.57 45,63,200 71,79,200

Frequently Asked Questions

What is Oval Projects IPO?
Oval Projects IPO is a SME IPO having an issue size of ₹46.74 Crs. Oval Projects IPO is priced at ₹80 - ₹85 per share. The issue opens on 28 Aug 25 and closes on 01 Sep 25.
When will Oval Projects IPO open?
Oval Projects IPO opens on 28 Aug 25 and closes on 01 Sep 25.
What is the GMP of Oval Projects IPO?
The estimated Grey Market Premium of Oval Projects IPO is ₹4 per share (4.71%).
What is the lot size of Oval Projects IPO?
The minimum lot size of Oval Projects IPO is 1600 shares & the minimum application amount is Rs. 136000.
When is the allotment of Oval Projects IPO?
The allotment date of Oval Projects IPO is 02 Sep 25.
What is the listing date of Oval Projects IPO?
The listing date of Oval Projects IPO is 04 Sep 25.
What is the subscription of Oval Projects IPO?
Oval Projects IPO is subscribed 1.57 times.
What is the price band of Oval Projects IPO?
Oval Projects IPO is priced at ₹80 - ₹85 per share.
How to check allotment status of Oval Projects IPO?
Click the allotment link on Oval Projects IPO page of IPO360.
How to apply Oval Projects IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Oval Projects IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Oval Projects IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Oval Projects IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date