January 10, 2025
September 10, 2024
August 8, 2024
January 19, 2023
Oval Projects Engineering IPO | Important Dates, Price, and More
Author
Shoonya Team
Oval Projects Engineering Limited is launching its ₹46.74 crore IPO. It will open for subscription on August 28, 2025 and close on September 1, 2025. The shares are proposed to be listed on the BSE SME platform, with a tentative listing date of September 4, 2025.
The IPO price band is fixed at ₹80 to ₹85 per share. The minimum application size is 3,200 shares, which means retail investors will need to invest a minimum of ₹2.72 lakh. For HNIs, the minimum investment starts at ₹4.08 lakh (equivalent to 4,800 shares).
This is an entirely fresh issue of shares, and the funds raised will be used for business expansion, working capital needs, and other corporate purposes. Ahead of the IPO, the company also raised ₹7.96 crore from anchor investors, showing good initial interest.
Here are the Quick Steps to Apply for the Oval Projects Engineering Limited IPO!
Oval Projects Engineering Limited IPO | IPO Details
| Detail | Information |
| IPO Opening Date | August 28, 2025 |
| IPO Closing Date | September 1, 2025 |
| Tentative IPO Listing Date | September 4, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹80 – ₹85 per share |
| Lot Size | 1,600 shares (minimum 2 lots = 3,200 shares) |
| Total Issue Size | 54,99,200 shares (₹46.74 Cr) |
| Fresh Issue | 54,99,200 shares (₹46.74 Cr) |
| Offer for Sale (OFS) | (No OFS, entire issue is fresh) |
| Market Maker Portion | 3,04,000 shares (₹2.58 Cr) – SMC Global Securities Ltd. |
| Net Issue to Public | 51,95,200 shares (₹44.16 Cr) |
| IPO Segment | BSE SME – Book Building |
| Listing At | BSE SME |
| Shareholding Pre-Issue | 72.19% |
| Shareholding Post-Issue | To be updated (after dilution) |
Oval Projects Engineering Limited IPO | Company Overview
Oval Projects Engineering Limited was Incorporated in 2013. It is an infrastructure development company with a strong presence in the oil and gas, City Gas Distribution, urban development, and Energy sectors across India. The company offers EPC (Engineering, Procurement, and Construction) solutions, encompassing design, execution, and operations.
Oval Projects has built expertise in upstream, midstream, and downstream Oil & Gas infrastructure. It also provides operation and maintenance services for gas distribution companies, power plants, and CNG stations, ensuring the long-term sustainability of these projects.
The company has also executed specialised civil infrastructure projects funded by the Government of India, the World Bank, and the Asian Development Bank. It has successfully laid over 900 km of pipelines across various regions, with a strong presence in states such as Tripura (Agartala) and other parts of India.
Oval Projects Engineering Limited IPO | Key Details
- IPO Opening Date: August 28, 2025
- IPO Closing Date: September 1, 2025
- Allotment Date: September 2, 2025
- Price Band: ₹80 – ₹85 per share
- IPO Size: ₹46.74 Crores
- Refunds Initiated: September 3, 2025
- Shares Credited to Demat: September 3, 2025
- Listing Date: September 4, 2025
- Cut-off Time for UPI Mandate Confirmation: 5 PM on September 1, 2025
Oval Projects Engineering Limited | Financial Overview
Oval Projects Engineering has shown strong growth momentum in the past three years. In FY25, the company’s revenue grew by 31%, while profit after tax (PAT) more than doubled (up 112%) compared to FY24. This reflects its expanding project pipeline and efficient execution capabilities.
Here is a snapshot of the financials:
Amounts in ₹ Crore
| Financial Information (₹ in Crore) | 31-Mar-25 | 31-Mar-24 | Change (FY25 vs FY24) | Change % |
| Assets | 156.23 | 103.80 | +52.43 | +50.5% |
| Total Income | 103.44 | 78.99 | +24.45 | +31.0% |
| Profit After Tax | 9.33 | 4.40 | +4.93 | +112.0% |
| EBITDA | 18.08 | 9.89 | +8.19 | +82.8% |
| Net Worth | 55.88 | 33.67 | +22.21 | +66.0% |
| Reserves & Surplus | 40.61 | 20.00 | +20.61 | +103.0% |
| Total Borrowing | 53.70 | 32.41 | +21.29 | +65.7% |
Oval Projects Engineering Limited IPO | FAQs
The Oval Projects Engineering IPO opens on August 28, 2025 and closes on September 1, 2025. The allotment will be finalised on September 2, 2025, and the listing is expected on September 4, 2025.
The minimum application size is 3,200 shares (2 lots), which means retail investors need to invest a minimum of ₹2.72 lakh. For HNIs, the minimum lot size is 4,800 shares (₹4.08 lakh).
You can apply through your broker’s trading app, ASBA via net banking, or UPI mandate. Select Oval Projects Engineering Limited IPO, enter the lot size and bid price, and confirm your application.
The face value of Oval Projects Engineering IPO equity share is ₹10 per share.
Refunds for non-allottees of Oval Projects Engineering IPO will be initiated on September 3, 2025, and successful applicants will have shares credited to their Demat accounts on the same day.
Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.
Explore Our Offerings
Stocks
Trade equities across NSE and BSE with zero delivery charges. Invest, hold or sell with a seamless experience.
Future & Options
Execute complex strategies with simple tools and real-time data.
IPOs
Apply to the latest IPOs in just a few taps. Stay updated and capture opportunities as they open.