Oval Projects Engineering Limited – IPO
Oval Projects Engineering Limited – IPO Details
| IPO Date | August 28, 2025 to September 1, 2025 |
| Listing Date | September 4, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 80 to ₹ 85 / Share |
| Lot Size | 1600 Shares |
| Total Issue Size | 54,99,200 shares (Aggregating up to ₹46.74 Cr) |
| Fresh Issue | |
| Offer for Sale | |
| Employee Discount | |
| 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 |
| Market Maker portion |
Oval Projects Engineering Limited Timeline (Tentative Schedule)
Oval Projects Engineering Limited IPO opens on August 28, 2025, and closes on September 1, 2025.
| IPO Open Date | August 28, 2025 |
| IPO Close Date | September 1, 2025 |
| Basis of Allotment | September 2, 2025 |
| Initiation of Refunds | September 3, 2025 |
| Credit of Shares to Demat | September 3, 2025 |
| Listing Date | September 4, 2025 |
| Cut-off time for UPI mandate confirmation | September 1, 2025 |
Oval Projects Engineering Limited 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 |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | Rs.272,000 |
| Retail (Max) | 2 | 3,200 | Rs.272,000 |
| S-HNI (Min) | 3 | 4,800 | Rs.408,000 |
| S-HNI (Max) | 7 | 11,200 | Rs.952,000 |
| B-HNI (Min) | 8 | 12,800 | Rs.1,088,000 |
| HNI (Min) |
Oval Projects Engineering Limited IPO Promoter Holding
| Share Holding Pre Issue | 72.19% |
| Share Holding Post Issue |
Oval Projects Engineering Limited IPO Reservation
Oval Projects Engineering IPO offers a total of 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 | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | 3,04,000 (5.53%) |
|
| Other Shares Offered | |
|
| QIB Shares Offered | 15,60,000 (28.37%) |
|
| NII (HNI) Shares Offered | 14,40,000 (26.19%) |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | 21,95,200 (39.92%) |
|
| Employee Shares Offered | |
|
| Total Shares Offered | 54,99,200 (100.00%) |
Oval Projects Engineering Limited IPO Anchor Investors Details
Oval Projects Engineering IPO raises ₹7.96 crore from anchor investors. Oval Projects Engineering IPO Anchor bid date is August 26, 2025.
| Bid Date | 2025-08-26 |
| Shares Offered | |
| 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 |
About Oval Projects Engineering Limited
Established in 2013, Oval Projects Engineering Limited is a building infrastructure company dealing with the Oil & Gas, City Gas Distribution, Urban Development, and Energy space in India.
The company is engaged in upstream, midstream, and downstream operations in the Oil and Gas industry, such as pipeline laying, processing plants, CGS operations, and O&M services for power plants and EPC projects.
The firm provides turnkey solutions across the upstream, midstream, and downstream segments, having a strong foothold in places such as Agartala, Tripura, and many other locations across the country.
The firm has successfully completed over 900 km of pipeline installation and continues to undertake varied projects in the Oil &; Gas and Power sectors.
Business Segment:
Oil & Gas Infrastructure: The Oil & Gas Infrastructure vertical of the company concentrates on engineering and implementing gas processing facilities, oil/petrochemical depots, pipeline laying, and creating distribution infrastructure.
Oil and Gas Operation and Maintenance: The company offers O&M services to CGD companies and government sector organizations such as pipeline maintenance, repair, planned shutdown, and operation and management of gas genset power plants and CNG stations.
Special Infrastructure projects: The Company acquired expertise in civil infrastructure working on oil and gas plant projects, undertaking specialized works. It currently undertakes technical infrastructure projects supported by government funding, World Bank, and ADB.
As of March 31, 2025, the Company had 123 on-roll employees.
Competitive Strength:
Strong Project execution capabilities
Experienced Promoter and Management Team
Optimal Utilization of Resources
Visible growth through a strong order book
Leveraging the market skills and relationship
Key Performance Indicator
The market capitalization of Oval Projects Engineering IPO is ₹176.54 Cr.
| KPI | Values |
|---|---|
| ROE | 20.85% |
| ROCE | 21.32% |
| Debt/Equity | |
| RoNW | 20.85% |
| P/BV | 2.67 |
| PAT Margin (%) | 9.12% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.11 | 4.49 |
| P/E (x) | 13.91 | 18.92 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025, which is available in RHP.
Objects of the Issue ( Oval Projects Engineering Limited IPO Objectives)
Oval Projects Engineering Limited Contact Details
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: [email protected] Website: https://www.ovalprojects.com/ |
Oval Projects Engineering Limited IPO Registrar
MAS Services Ltd. Phone: (011) 2610 4142 Email: [email protected] Website: https://www.masserv.com/opt.asp |