How to Check Oval Projects Engineering IPO Allotment Status?

Oval Projects Engineering Limited is an infrastructure development company specialising in the Oil & Gas, City Gas Distribution, Urban Development, and Energy sectors across India, incorporated in 2013. The company operates across upstream, midstream, and downstream activities in the Oil and Gas sector, having successfully executed over 900 km of pipeline installations.

The Oval Projects Engineering IPO came with a total issue size of ₹46.74 crore, comprising entirely a fresh issue of 0.55 crore shares aggregating to ₹46.74 crore. The IPO opened on August 28, 2025, and closed on September 1, 2025. The allotment for the Oval Projects Engineering IPO is expected to be finalised on Tuesday, September 2, 2025. The Oval Projects Engineering IPO share price band was set at ₹80 to ₹85 per share.

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Oval Projects Engineering IPO Subscription Status

Oval Projects Engineering IPO received weak investor interest, being subscribed 1.61 times overall. The subscription showed limited confidence across categories in the Oval Projects Engineering IPO stock price potential. Here is a category-wise breakdown of the subscription as of 4:59:37 PM on September 1, 2025:

• Non-Institutional Investors (NII): 0.82 times.
• QIB Category: 6.21 times.

Oval Projects Engineering IPO Share Price and Investment Details

The Oval Projects Engineering IPO stock price band was set at ₹80 to ₹85 per share with a minimum lot size of 1,600 shares. The minimum investment required for individual investors was ₹2,72,000 for 2 lots (3,200 shares). The issue included up to 9,36,000 shares allocated to anchor investors raising ₹7.96 crore. Given the weak subscription response of 1.61 times overall, with QIB category showing moderate response at 6.21 times and NII demonstrating weak response at 0.82 times, the Oval Projects Engineering IPO share price is expected to list with minimal to no premium.

Utilisation of IPO Proceeds

The funds raised through the IPO will be utilised as follows:

• Utilization towards long-term working capital requirements: ₹37.03 crore.
• General corporate purposes: Remaining amount.

Business Overview

Oval Projects Engineering Limited is an infrastructure development company providing comprehensive solutions across Oil & Gas Infrastructure including designing and executing gas processing plants, oil/petrochemical storage terminals, pipeline laying, and distribution infrastructure development, along with Oil and Gas Operation and Maintenance services for CGD companies and public sector entities including pipeline repairs, maintenance, scheduled shutdowns, and management of gas genset power plants and CNG stations.