IPO Details
- Price Band: ₹80 to ₹85 per share
- Issue Size: ₹46.74 crores (54,99,200 equity shares)
- Listing At: BSE SME
- Lot Size: 1,600 shares (minimum investment of ₹1,28,000 at the lower price band)
- Expected Listing Date: September 4, 2025
Investment Details
- Minimum Investment: ₹2,56,000 (for 2 lots of 1,600 shares at the lower price band) for retail investors
- Maximum Investment: ₹9,52,000 (for 7 lots of 1,600 shares at the lower price band) for high net-worth individuals
Use of IPO Proceeds
- Working Capital Requirements: ₹37.03 crores
- General Corporate Purposes: Balance amount
Company Overview
Oval Projects Engineering is an infrastructure development company specializing in Oil & Gas, City Gas Distribution, Energy, and Urban Infrastructure projects. They provide turnkey EPC and O&M solutions across upstream, midstream, and downstream segments.
Financial Performance
- Revenue (FY25): ₹103.44 crores
- PAT (FY25): ₹9.33 crores
- EBITDA Margin (FY25): 17.68%
Grey Market Premium
The Oval Projects Engineering IPO Grey Market Premium is indicating a potential gain of 9.4% per share. However, the GMP is subject to change and might be updated daily .