Oval Projects Engineering IPO Subscription StatusĀ
Oval Projects Engineering IPO subscribed over 0.68x on its Second day till 5.00 PM on August 29th, 2025.Ā
- Oval Projects Engineering IPO subscription QIB investors’ portion is 2.88 times, while NII subscribed 0.29 times, and RII investors subscribed 0.31 times.Ā
- The company has received bids for 29,05,600 shares against 42,59,200 shares on offer on the Second day of subscription.
- Oval Projects Engineering IPO subscribed over 0.68x on its day 2.
- Oval Projects Engineering IPO subscribed over 0.59x on its day 1.Ā
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 companyās 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 ā¹103.44 crores in 2025 against ā¹78.99 crores in 2024. The company reported a profit of ā¹9.33 crores in 2025 against a profit of ā¹4.40 crores in 2024.
Oval Projects Engineering IPO GMPĀ
Oval Projects Engineering IPO GMP was ā¹4 as of Friday, 29th August 2025. That indicates the IPO is trading at ā¹89 with a ā¹4 premium in the grey market against the issue price of ā¹85.Ā
