Oval Projects Engineering IPO Details
The key details of Oval Projects Engineering’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹46.74 Cr |
| Price Range | ₹80 - ₹85 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 3,200 |
| Investment (cut-off price) | ₹2,72,000 |
| Pre IPO Promotor Holding | 72.19% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Oval Projects Engineering IPO Timelines
The IPO process for Oval Projects Engineering includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
28/08/2025
Start Date01/09/2025
End Date03/09/2025
Refund Initiation03/09/2025
Credit of Shares to Demat Ac04/09/2025
Listing DateOval Projects Engineering IPO Lot Size
The Oval Projects Engineering IPO has a fixed lot size of 1,600 shares, at an upper price band of ₹85 per share. For retail investors, the minimum and maximum application is 3,200 shares (2 lots) amounting to ₹2,72,000. For Small HNI (S-HNI) investors, the minimum application is 4,800 shares (3 lots) worth ₹4,08,000, while the maximum is 11,200 shares (7 lots) amounting to ₹9,52,000. Big HNI (B-HNI) investors need to apply for at least 12,800 shares (8 lots), totaling ₹10,88,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 3200 | ₹2,72,000 |
| Retail Maximum | 2 | 3200 | ₹2,72,000 |
| S-HNI Minimum | 3 | 4800 | ₹4,08,000 |
| S-HNI Maximum | 7 | 11200 | ₹9,52,000 |
| B-HNI Minimum | 8 | 12800 | ₹10,88,000 |
Oval Projects Engineering IPO Subscription Status
The subscription status for Oval Projects Engineering IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 6.21x | 0.82x | 0.83x | -- | 1.61x |
IPO Performance on Listing Day
On the listing day (September 04, 2025), Oval Projects Engineering made a flat debut on the stock exchange. The stock opened at ₹85.25, marginally above its issue price of ₹85 with a minimal premium of 0.3%. The engineering company showed limited movement throughout the trading session, reaching a modest day high of ₹86.00 while finding support at ₹85.00, just below the issue price. The shares concluded their first trading day at ₹85.10, delivering a negligible gain of 0.1% over the issue price, indicating neutral investor sentiment toward the engineering sector and a measured market response to this project engineering services provider.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹85.25 | ₹85.10 | ₹86.00 | ₹85.00 |
Oval Projects Engineering IPO Company Financials
Oval Projects Engineering reports robust performance in FY2025 with Total Income of ₹103.44 crores, managing expenses at ₹90.42 crores, and achieving a strong PAT (Profit After Tax) of ₹9.33 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹64.09 | ₹59.72 | ₹3.19 |
| FY 2024 | ₹78.99 | ₹72.05 | ₹4.40 |
| FY 2025 | ₹103.44 | ₹90.42 | ₹9.33 |
About Company
Incorporated in 2013, Oval Projects Engineering Limited is an infrastructure development company operating across India, with expertise in the Oil & Gas, City Gas Distribution, Urban Development, and Energy sectors. The company provides turnkey solutions across upstream, midstream, and downstream segments, including pipeline laying, processing plants, and city gas station (CGS) work, along with engineering, procurement, and construction (EPC) and O&M services. With a strong operational presence in regions like Agartala, Tripura, the company has successfully completed over 900 km of pipeline installations and remains actively engaged in projects within the Oil & Gas and Power industries.
Oval Projects operates across three key business segments: Oil & Gas Infrastructure, O&M services, and Special Infrastructure Projects. Its Oil & Gas Infrastructure division focuses on gas processing plants, oil storage terminals, and pipeline distribution infrastructure. The O&M segment provides repair, maintenance, shutdown management, and support for CGD and public sector entities, including CNG stations and gas-based power plants. Leveraging experience from oil and gas projects, the company has expanded into government and internationally funded civil infrastructure works. As of March 31, 2025, it employed 123 full-time staff.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2013 | Engineering | Goutam Debnath |
Know Before Investing
Oval Projects Engineering IPO Strengths
- Oval Projects Engineering specializes in comprehensive infrastructure development for the oil and gas, city gas distribution, urban development, and energy sectors, delivering end-to-end project solutions.
- The company offers a wide range of services including EPC works for pipeline laying, gas gathering stations, processing plants, civil works for drill sites, and operation and maintenance of PNG networks.
- Though headquartered in Agartala, the company executes projects across multiple states in India, expanding its footprint and reducing regional dependency risks.
- The company works with reputed clients like ONGC, CITY GAS Distribution companies, and other government and private sector entities, fostering repeat contracts and steady business.
- Oval Projects Engineering offers turnkey project management ensuring seamless coordination, timely delivery, and cost control for complex infrastructure projects.
- With India’s increased emphasis on clean energy, gas infrastructure, and urban development, the company is well-positioned to capitalize on growing sectoral demand.
Oval Projects Engineering IPO Risks
- A significant portion of the company’s revenue comes from a limited number of clients. Loss of major clients or reduction in their orders may adversely affect business performance.
- The engineering and EPC sector is highly competitive and price-sensitive, which may lead to reduced profit margins and difficulty in acquiring new contracts.
- Delays or cost overruns in project execution due to unforeseen circumstances such as regulatory approvals, supply chain disruptions, or labor issues may impact profitability.
- Though operating in multiple states, concentration of projects in specific regions exposes the company to regional economic downturns and regulatory changes.
- The EPC business requires substantial working capital due to long project cycles and extended creditor and debtor periods, potentially leading to liquidity challenges.
- Availability, retention, and management of skilled engineering and project personnel are critical. Shortages or high turnover can affect quality and timelines.
- The company needs to continuously keep pace with evolving engineering technologies. Failure to adapt could affect project competitiveness and cost structures.
- Fluctuations in infrastructure spending, government budgets, and energy sector investments can cause variability in order inflows and revenue.
Swot Analysis for Oval Projects Engineering IPO
Strengths
Specialized Infrastructure Expertise, Comprehensive Service Portfolio, Diverse Clientele
Weaknesses
Geographic Concentration, Dependency on Specific Sectors, New Market Entrant for Broader EPC
Opportunities
Renewable Integration, National Geographic Expansion, Infrastructure Expansion in Northeast and India
Threats
High Competition, Volatile Raw Material and Labor Costs, Regulatory Environment
Company Details
Oval Projects Engineering Ltd.
House No. 451568, Milan Chakra, (Near Prajapita Brahmakumari Center), Badharghat, P.O. A.D. Nagar, Agartala, West Tripura, Tripura- 799003, India
Phone: +91 7085049473
Email: cs@ovalprojects.com
Website: https://www.ovalprojects.com/
IPO Registar Details
MAS Services Ltd.
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp
FAQs
The key objectives of Oval Projects Engineering SME IPO are:
- Utilization towards long-term working capital requirements of Company
- General Corporate Purposes
SMC Capitals Ltd. is the book-running lead managers for the Oval Projects Engineering IPO.
Oval Projects Engineering exhibits compelling growth potential with revenue rising from ₹78.99 crore in FY24 to ₹103.44 crore in FY25 and PAT more than doubling from ₹4.40 crore to ₹9.33 crore. Maintaining execution discipline and margin control will be key.
The issue price for the Oval Projects Engineering IPO is set between ₹80 to ₹85 per share.
To invest in two lot of Oval Projects Engineering IPO, you need ₹2,56,000 at the lower price band (₹80 per share) or ₹2,72,000 at the upper price band (₹85 per share) for a lot size of 3200 shares.
Oval Projects Engineering IPO shares are scheduled to be listed on the Bombay Stock Exchange (BSE) on September 4, 2025.
Refund/unblocking of funds for Oval Projects Engineering IPO will begin on September 3, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Oval Projects Engineering IPO shares on listing day (September 4, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.