Oval Projects Engineering IPO was subscribed 1.61 times on the last day, while the retail quota was subscribed 0.83 times, QIB subscribed 6.21 times, and NII quota subscribed 0.82 times, respectively.
Details About Oval Projects Engineering IPO
Oval Projects Engineering got approval from SEBI for an IPO of ₹46.74 crores, which is entirely a fresh issue of ₹46.74 crores and offer for sale up to 1600 equity shares with a face value of ₹10 each.
Moreover, the company has set up a price band between ₹80 to ₹85 per share. In this IPO a total of 3,200 shares were available in 2 lot sizes for the minimum Retail category, and for the maximum Retail category. S-HNI (Min) has a total of 4,800 shares in 3 lot sizes. S-HNI Minimum 11,200 crores, 8 lot sizes, and B-HNI 12,800 shares in 9 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹2,72,000 and maximum investment.
- Small HNI (S-HNI): Minimum investment of ₹4,08,000.
- Small HNI (S-HNI): Maximum Investment of ₹9,52,000.
- B-HNI Minimum: investment of ₹10,88,000.
Subscription duration of the Oval Projects Engineering IPO
The opening date of the Oval Projects Engineering IPO subscription was August 28, 2025, and the closing date was September 1, 2025. The Oval Projects Engineering IPO allotment was finalized on September 2, 2025, and the IPO listing is on September 4, 2025.
Funds Deployment of This Company
- Utilization towards the long-term working capital requirements of our Company
- General Corporate Purposes
About Oval Projects Engineering
Oval Projects Engineering Limited, started in 2013, is a top infrastructure company in India. It operates in the oil and gas, City Gas, urban development, and Energy sectors. The company provides services like laying pipelines, building processing plants, CGS work, and maintenance for power plants and EPC projects.
Oval Projects offers engineering turnkey solutions across upstream, midstream, and downstream segments, with a strong presence in places like Agartala, Tripura, and other parts of India.
As of now, the company has completed over 900 km of pipeline installations and is involved in various projects in the Oil & Gas and Power sectors. The company includes 123 employees as of March 31, 2025.
Oval Projects Engineering IPO Financial Background
The company’s revenue increased from ₹78.99 crores in 2024 to ₹103.44 crores in 2025. Its profit also grew from ₹4.40 crores in 2024 to ₹9.33 crores in 2025.
