Oval Projects Engineering IPO Subscription Status
Oval Projects Engineering IPO subscribed over 0.59x on its first day till 5.00 PM on August 28, 2025.
- Oval Projects Engineering IPO subscription QIB investors’ portion is 2.88 times, while NII subscribed 0.31 times, and RII investors subscribed 0.13 times.
- The company has received bids for 25,31,200 shares against 42,59,200 shares on offer on the first day of subscription.
- Oval Projects Engineering IPO subscribed over 0.59x on its day 1.
About Oval Projects Engineering Company
Oval Projects Engineering Limited, founded in 2013, is one of the leading infrastructure development companies working in Oil & gas, City gas distribution, Urban Development, and Energy sectors across India. The company’s services include pipeline laying, processing plants, CGS work, and O&M services 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 Financial Report
The company reported revenue of ₹103.44 crores in 2025 against ₹78.99 crores in 2024. The company reported a profit of ₹9.33 crores in 2025 against a profit of ₹4.40 crores in 2024.
Oval Projects Engineering IPO GMP
Oval Projects Engineering IPO GMP was ₹8 as of Thursday, 28 August 2025. That indicates the IPO is trading at ₹237 with a ₹8 premium in the grey market against the issue price of ₹85.
