Bvishal Oil and Energy, an onshore oilfield services company, has filed initial papers with SEBI to raise money through an IPO.
The proposed IPO comprises a fresh issue of 1.8 crore shares, along with an offer for sale (OFS) of 77.09 lakh shares, according to the draft red herring prospectus (DRHP) filed on Tuesday. The offer for sale would be shares sold by promoters.
The Gujarat-based company plans to use the money raised from the new shares for business expansion and daily operating needs.
Bvishal Oil and Energy, IPO Fund deployment details
- Out of the new funds, ₹120.9 crore will be used to buy machinery and equipment to improve operations.
- ₹45 crore will go towards working capital needs.
- The remaining amount will be used for general business purposes.
Bvishal Oil and Energy IPO lead managers
Unistone Capital is the only lead manager handling the IPO.
The company’s competitors that are already listed include Deep Industries, Hindustan Oil Exploration Company, Selan Exploration Technology, Akash Exploration Services, and Asian Energy Services.
Bvishal Oil and Energy offers complete onshore oilfield services for oil and gas wells, including exploration, production, and maintenance.
They work in all onshore oilfields in India, serving both national and international clients to help increase oil production for the future.
Bvishal Oil and Energy IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Bvishal Oil and Energy Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2023 | ₹126.64 | ₹98.18 | ₹20.61 |
| 2024 | ₹182.78 | ₹137.66 | ₹31.63 |
| 2025 | ₹175.60 | ₹134.45 | ₹30.91 |
| Sep 2025 | ₹92.94 | ₹69.30 | ₹17.36 |
Bvishal Oil and Energy IPO Valuation – FY2025
Bvishal Oil and Energy IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹5.49 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 14.50% |
| Net Asset Value (NAV): | ₹43.47 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Deep Industries Limited | 14.08 | 30.31 | 5.52 | 299.21 | 576.13 Cr. |
| Aakash Exploration Services Limited | 0.18 | 45.67 | 3.10 | 5.96 | 98.19 Cr. |
| Asian Energy Services Limited | 9.79 | 26.96 | 12.45 | 92.66 | 465.04 Cr. |
| Hindustan Oil Exploration Company Limited | 11.13 | 10.91 | 11.80 | 99.91 | 420.87 Cr. |
| Antelopus Selan Energy Limited | 20.07 | 25.94 | 14.75 | 370.61 | 258.08 Cr. |
Objects of the Issue
- Funding the capital expenditure requirements for the acquisition of machinery and equipment to support the expansion and strengthening of our operational capabilities (“proposed capital expenditure”);
- Funding the working capital requirements of our Company; and
- General corporate purposes.
IPO Lead Managers aka Merchant Bankers
- Unistone Capital Private Limited
