Oval Projects Engineering IPO Sees Limited Demand, Subscribed 1.61x by Day 3

Oval Projects Engineering Limited's initial public offering (IPO) has demonstrated limited investor interest through its third and final day of subscription, with Oval Projects Engineering's stock price set at ₹80-85 per share, reflecting cautious market reception. The ₹46.74 crore IPO reached 1.61 times by 4:59:37 PM on day three, indicating limited investor interest in this oil & gas infrastructure company incorporated in 2013.

Oval Projects Engineering IPO qualified institutional buyers (ex-anchor) segment leads with a strong 6.21 times subscription, whilst individual investors demonstrate limited participation at 0.82 times, and non-institutional investors show limited interest at 0.82 times, whilst anchor investors show complete participation at 1.00 times, reflecting mixed investor confidence in this company.
Oval Projects Engineering IPO subscription reached a limited 1.61 times on day three, led by Qualified Institutional Buyers Ex-Anchor (6.21x), Individual Investors (0.82x), and Non-Institutional Investors (0.82x). 

Subscription Status of Oval Projects Engineering IPO:

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

Here are the subscription details for Oval Projects Engineering IPO as of Day 3 (September 1, 2025, 4:59:37 PM):

Key Highlights - Day 3:

• Overall subscription reached a limited 1.61 times, showing modest improvement from day two's 0.68 times.
• Qualified institutional buyers (ex-anchor) displaying strong interest at 6.21 times, building substantially from day two's 2.88 times
• Individual investors showed limited confidence at 0.82 times, building substantially from day two's 0.31 times
• Non-institutional investors displayed limited participation at 0.82 times, building substantially from day two's 0.29 times
• Total applications reached 679, indicating minimal investor participation for this SME IPO
• Cumulative bid amount reached ₹58.39 crores, exceeding the issue size of ₹46.74 crores
• Oval Projects Engineering IPO - Day 2 Subscription at 0.68 Times

Key Highlights - Day 2:

• Overall subscription reached a limited 0.68 times, showing modest improvement from day one's 0.59 times
• Qualified institutional buyers (ex-anchor) maintaining stable performance at 2.88 times, unchanged from day one's 2.88 times
• Individual investors displaying limited confidence at 0.31 times, building substantially from day one's 0.13 times
• Non-institutional investors are showing limited performance at 0.29 times, showing a decline from day one's 0.31 times
• Oval Projects Engineering IPO - Day 1 Subscription at 0.59 Times

Key Highlights - Day 1:

Overall subscription reached a limited 0.59 times, showing cautious initial investor interest
Qualified institutional buyers are showing moderate performance at 2.88 times, indicating positive institutional appetite
Non-institutional investors are showing limited performance at 0.31 times, indicating cautious HNI appetite
Individual investors are displaying minimal confidence at 0.13 times, showing weak retail sentiment

About Oval Projects Engineering Limited

Incorporated in 2013, Oval Projects Engineering Limited is an Indian infrastructure development company specialising in oil & gas, city gas distribution, urban development and energy sectors, providing turnkey solutions for upstream, midstream and downstream activities with over 900 km of pipeline installations and operations across regions, including Tripura and nationwide locations.