Oval Projects Engineering IPO
Oval Projects Engineering IPO Details
-
Open Date
28 Aug 2025
-
Close Date
01 Sep 2025
-
Listing Date
04 Sep 2025
- IPO Price Range
₹ 80 to ₹85
- IPO Size
₹ 46.74 Cr
- Listing Exchange
BSE SME
Oval Projects Engineering IPO Timeline
Oval Projects Engineering IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 28-Aug-25 | 2.88 | 0.31 | 0.13 | 0.59 |
| 29-Aug-25 | 2.88 | 0.29 | 0.31 | 0.68 |
| 01-Sep-25 | 6.21 | 0.82 | 0.83 | 1.61 |
Last Updated: 01 September 2025 6:36 PM by 5paisa
Oval Projects Engineering Limited, launching a ₹46.74 Cr IPO, is an infrastructure development firm with expertise in Oil & Gas, City Gas Distribution, Urban Development, and Energy sectors across India. It provides end-to-end solutions in upstream, midstream, and downstream operations, covering pipeline construction, processing plants, CGS works, and O&M services for power and EPC projects. With a strong footprint in regions like Agartala, Tripura, and beyond, the company has delivered over 900 km of pipelines and continues to drive growth in Oil, Gas, and Power.
Established in: 2013
Managing Director: Mr. Goutam Debnath
Peers
● Likhitha Infrastructure Limited
Oval Projects Engineering Objectives
● The company will use ₹37.03 crores for long-term working capital requirements.
● Funds will also be utilised for general corporate purposes.
Oval Projects Engineering IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹46.74 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹46.74 Cr |
Oval Projects Engineering IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 2,56,000 |
| Retail (Max) | 2 | 3,200 | 2,56,000 |
| S-HNI (Min) | 3 | 4,800 | 3,84,000 |
| S-HNI (Max) | 7 | 11,200 | 8,96,000 |
| B-HNI (Min) | 8 | 12,800 | 10,24,000 |
Oval Projects Engineering IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB | 6.21 | 6,24,000 | 38,76,800 | 32.953 |
| NII (HNI) | 0.82 | 14,40,000 | 11,87,200 | 10.091 |
| Retail | 0.83 | 21,95,200 | 18,11,200 | 15.395 |
| Total** | 1.61 | 42,59,200 | 68,75,200 | 58.439 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 64.09 | 78.99 | 103.44 |
| EBITDA | 3.46 | 9.89 | 18.08 |
| PAT | 3.19 | 4.40 | 9.33 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Assets | 82.25 | 103.80 | 156.23 |
| Share Capital | 0.06 | 13.66 | 15.27 |
| Total Borrowings | 32.21 | 32.41 | 53.70 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 11.93 | -1.13 | -16.07 |
| Net Cash Generated From / (used in) investing activities | -3.57 | -15.40 | -3.23 |
| Net Cash Generated From / (used in) financing activities | -1.00 | 15.99 | 28.82 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 7.36 | -0.08 | -0.549.52 |
Strengths
1. Strong expertise across Oil, Gas, and Energy sectors.
2. Proven track record with 900 km pipeline installations.
3. Experienced team delivering turnkey EPC project solutions.
4. Wide presence in Tripura and nationwide locations.
Weaknesses
1. High dependency on Oil and Gas industry.
2. Limited diversification beyond energy-related infrastructure projects.
3. Working capital requirements impact financial flexibility significantly.
4. Reliance on government contracts increases business vulnerability.
Opportunities
1. Growing demand for city gas distribution projects.
2. Expansion potential in renewable and clean energy.
3. Increasing infrastructure investments boost future growth opportunities.
4. Rising urban development projects open new market segments.
Threats
1. Regulatory changes may affect project execution timelines.
2. Intense competition from established EPC service providers.
3. Fluctuating oil prices impact industry project demands.
4. Project delays could harm profitability and brand reputation.
1. Strong track record in executing complex infrastructure projects.
2. Growing presence across multiple high-demand energy sectors.
3. Diversified turnkey solutions ensure long-term business stability.
4. Positioned to benefit from India’s infrastructure expansion.
Oval Projects Engineering operates within the Oil & Gas, City Gas Distribution, Urban Development, and Energy sectors—industries that are witnessing consistent growth in India. With expertise in upstream, midstream, and downstream services, the company is well-positioned to benefit from rising infrastructure investments and government initiatives. Its proven execution capability, with over 900 km of pipelines completed, reflects strong operational strength. Expanding demand for energy distribution and urban infrastructure ensures sustainable growth opportunities ahead.
Open Free Demat Account
Be a part of 5paisa community - The first listed discount broker of India.
By proceeding, you agree to all T&C*
FAQs
Oval Projects Engineering IPO opens from August 28, 2025 to September 1, 2025.
The size of Oval Projects Engineering IPO is ₹46.74 Cr.
The price band of Oval Projects Engineering IPO is fixed at ₹80 to ₹85 per share.
To apply for Oval Projects Engineering IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Oval Projects Engineering IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Oval Projects Engineering IPO is of 2 lots consisting of 3,200 shares and the investment required is ₹2,56,000.
The share allotment date of Oval Projects Engineering IPO is September 2, 2025
The Oval Projects Engineering IPO will likely be listed on September 4, 2025.
SMC Capitals Ltd is the book running lead manager for Oval Projects Engineering IPO.
Oval Projects Engineering plans to utilise the raised capital from the IPO for:
● The company will use ₹37.03 crores for long-term working capital requirements.
● Funds will also be utilised for general corporate purposes.
Oval Projects Engineering Contact Details
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/
Oval Projects Engineering IPO Register
MAS Services Ltd.
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp
Oval Projects Engineering IPO Lead Manager
SMC Capitals Ltd.SMC Capitals Ltd.