Oval Projects Engineering IPO Date, Review, Price, Allotment Details

Posted on: 25 Aug 2025

Oval Projects Engineering IPO is a book-built issue, with a size of ₹46.74 crores. The Oval Projects Engineering IPO is a fresh issue of 0.55 crore shares for 46.74 crores.
Subscription to the Oval Projects Engineering IPO opens on Aug 28, 2025, and closes on Sep 1, 2025. The allotment of shares for the Oval Projects Engineering IPO is expected to be finalized on Sep 2, 2025. The Oval Projects Engineering IPO will come under the category of BSE SME List, with Layby approval likely given on Sep 4, 2025.
Oval Projects Engineering IPO price band is ₹80.00 and ₹85.00 per share, with a lot size of 1,600 shares. For individual investors (retail), the minimum investment means the purchase of 3,200 shares amounting to ₹2,56,000. For HNIs, the minimum lot size is 3 lots (4,800 shares) worth ₹4,08,000.

Oval Projects Engineering IPO Details

TypeDetails
IPO Open Date:August 28, 2025
IPO Close Date:September 1, 2025
Face Value:₹10 Per Equity Share
IPO Price Band:₹80 to ₹85 Per Share
Issue Size:Approx ₹46.74 Crores
Fresh Issue:Approx ₹46.74 Crores
Lot Size:1600 Shares
Issue Type:Book Built Issue
IPO Listing:BSE SME
Retail Quota:Not more than 35%
QIB Quota:Not more than 50%
NII Quota:Not more than 15%
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here


Oval Projects Engineering IPO Market Lot

The IPO minimum lot size is 3,200 shares with a ₹2,72,000 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum23,200₹2,72,000
Retail Maximum23,200₹2,72,000
S-HNI Minimum34,800₹4,08,000
S-HNI Minimum811,200₹9,52,000
B-HNI Minimum912,800₹10,88,000


Oval Projects Engineering IPO Dates

The IPO opening date is August 28 and the close date is September 1. The Oval Projects Engineering IPO allotment will be finalized on September 2 and will be listed on September 4.

IPO Open Date:August 28, 2025
IPO Close Date:September 1, 2025
Basis of Allotment:September 2, 2025
Refunds:September 3, 2025
Credit to Demat Account:September 3, 2025
IPO Listing Date:September 4, 2025


Promoters of Oval Projects Engineering IPO

The promoters of the company is Goutam Debnath

About Oval Projects Engineering IPO

Founded in 2013, Oval Projects Engineering Limited is one of the significant infrastructure development companies working in the oil & gas, city gas distribution, urban development, and energy sectors in India. The services provided by the company include works for pipeline laying, processing plants, CGS works, and O&M services to power plants, as well as EPC projects.

Oval Projects Engineering Limited supplies the engineering turnkey solutions in upstream, midstream, and downstream projects, with a large foothold in Industrial Agartala, Tripura, and surrounding areas in India. To date, they have completed over 900 km of pipelines and have additional ongoing work in both the oil & gas and power sectors.

Oval Projects Engineering IPO Company Financial Report

Amount in Crores (₹)

Period EndedRevenueExpenseProfit After Tax
2023₹64.09₹59.72₹3.19₹-
2024₹78.99₹72.05₹4.40₹-
2025₹103.44₹90.42₹9.33₹-


Oval Projects Engineering IPO Valuation – FY2025

Check valuation details like Earning Per Share (EPS), Price/Earning Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details of the Oval Projects Engineering IPO.

KPIValues
ROE:20.85%
ROCE:21.32%
EBITDA Margin:17.68%
PAT Margin:9.12%
Debt-to-equity ratio:
Earning Per Share (EPS):₹6.65 (Basic)
Price/Earning Ratio:NA
Return on Net Worth (RoNW):20.85%
Net Asset Value (NAV):₹31.89


Peer Group Comparison

CompanyEPSPE RatioRoNW %NAVIncome
Likhitha Infrastructure
Limited
17.5715.3418.525.40₹42,1.68 Cr.
Konstelec Engineers
Limited
3.1419.394.9320.30₹19,5.66 Cr.

Oval Projects Engineering IPO Registrar

MAS Services Ltd.
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp

Company Address

Oval Projects Engineering Ltd.
House No. 451568,
Milan Chakra, (Near Prajapita Brahmakumari Center)
Badharghat, P.O. A.D. Nagar
Agartala, Tripura, 799003
Phone: +91 7085049473
Email: cs@ovalprojects.com
Website: https://www.ovalprojects.com/

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