Oval Project Engineering IPO GMP: Day 1 IPO Live Updates

The Oval Project Engineering IPO GMP is ₹8 as of 28th August 2025. It is a bookbuilding IPO of ₹46.74 crores. This is an entirely new issue of 0.55 crore shares. The issue will be listed on BSE and SME on its tentative listing date, 4th September 2025. The face value of Oval Project Engineering shares stands at ₹10 per share, and the IPO price band is set at ₹80.00 to ₹85.00 per share. Retail investors can bid for a minimum of 2 lots of 3,200 shares worth ₹2,72,000.

Oval Project Engineering IPO GMP Grey Market Premium

As of 28th August 2025, Oval Project Engineering IPO GMP stands at ₹8 per share. Thus, the estimated listing price would be ₹93. This indicates that the estimated listing gain in this IPO could be 9.41%. However, GMP details are subject to change based on market conditions and fluctuations. Explore the table for the Oval Project Engineering IPO GMP updates.

Oval Project Engineering IPO Details

Explanation

Oval Project Engineering IPO: Oval Project Engineering Limited has declared that the issue price band is set at ₹80.00 to ₹85.00 per share. With this IPO, the company allows retail investors to bid for at least two lots of 3,200 shares worth ₹2,72,000. The face value of Oval Project Engineering Limited shares is ₹10 per share. The shares of Oval Project Engineering Limited will be listed on BSE and SME on its tentative listing day, 4th September 2025. Scroll down to check GMP updates and Oval Project Engineering IPO reviews. 

Objectives of the Oval Project Engineering IPO

The primary aim of the Oval Project Engineering IPO is to raise ₹46.74 crores. On the other hand, Oval Project Engineering has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Oval Project Engineering IPO.

• To meet the general corporate purpose.
• To utilise funds towards meeting the long-term working capital requirements.

Oval Project Engineering IPO Registrar

MAS Services Private Limited is the registrar of the Oval Project Engineering IPO, responsible for managing the IPO allotment process and initiating refunds. For any queries regarding the Oval Project Engineering allotment and refund, please contact Mas Services Private Limited at  investor@masserv.com or (011) 2610 4142. 

Oval Project Engineering IPO Review

 The Oval Project Engineering IPO has gained neutral ratings from industry experts, brokers, and institutional investors. Oval Projects Engineering Limited’s revenue increased by 31% from ₹78.99 crores in March 2024 to ₹103.44 crores in March 2025. Moreover, the company’s PAT rose by 112% from ₹4.40 crores to ₹9.33 crores. Investors can analyse other relevant factors and make a decision accordingly.

Most analysts recommend applying for this IPO to diversify your investment portfolio in the stock market. However, we’re waiting for further ratings to gain a better understanding and will continue to post them to deliver real-time insights. Until then, you can explore the company’s technical analysis to know whether you should apply for the Oval Project Engineering IPO or not.

Oval Project Engineering Limited Technicals

The PE ratio of Oval Project Engineering Limited shares is 14.82, and its Earnings Per Share (EPS) stands at ₹4.86. Thus, the Oval Project Engineering IPO can potentially deliver gains on its tentative listing date, 2nd September 2025. 

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Oval Project Engineering Limited are subject to change after the IPO. Refer to the table below for post-issue updates on these two metrics. 

Oval Project Engineering Limited IPO Peer Comparison

Also Read : Mangal Electrical IPO Allotment Status Check Online: GMP, Subscription, Price, and More

FAQs on Oval Project Engineering IPO

What is the Oval Project Engineering IPO GMP?

Ans. Currently, on 28th August 2025, the Oval Project Engineering IPO GMP (Grey Market Premium) stands at ₹8. This indicates that the estimated listing price could be ₹93 per share.

What is the issue price of the Oval Project Engineering IPO?

Ans. The Oval Project Engineering IPO price band is set at between ₹80.00 and ₹85.00 per share.  Retail investors can apply for a minimum of 2 lots consisting of 3,200 shares worth ₹2,72,000. Moreover, HNIs are required to bid for a minimum of 3 lots (4,800 shares) worth ₹4,08,000.

Who is the registrar of the Oval Project Engineering IPO?

Ans. MAS Services Private Limited is the registrar of the Oval Project Engineering IPO, responsible for managing the allotment procedure and initiating refunds. For any queries regarding the Oval Project Engineering allotment and refund, you can contact MAS Services Private Limited at investor@masserv.com or (011) 2610 4142. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Oval Project Engineering IPO, download the Oval Project Engineering IPO RHP and Oval Project Engineering IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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