Oval Project Engineering IPO Listing at 0.29% Premium at ₹85.25 Per Share

Posted by : sachet | Fri Sep 12 2025

Check Experts’ Verdicts on Oval Project Engineering Limited

Oval Project Engineering IPO Listing: The Oval Project Engineering IPO was subscribed 1.61 times as of its closing. In this subscription, qualified institutional buyers (QIBs) received 6.21 times the allocation, and non-institutional investors (NIIs) received 0.82 times the allocation. The retail quota of the issue was subscribed to 39.92%. Before delving deeper into the topic, go through the details of the Oval Project Engineering IPO.

Table of Contents

Oval Project Engineering IPO Listing

On the BSE and SME platforms, shares are listed at ₹85.25, reflecting a premium of 0.29% against the issue price of ₹85 per share.

Oval Project Engineering IPO Details

It is a bookbuilding IPO of ₹46.74 crore, comprising a fresh issue of 0.55 crore shares. The problem will be listed on BSE and SME on its tentative listing date, 4th September 2025.

The Oval Projects Engineering IPO date is fixed between 28th August 2025 and 1st September 2025. The face value of Oval Projects Engineering IPO shares stands at ₹10 per share, and the IPO price is set at ₹80.00 to ₹85.00 per share.

IPO Open Date	28th August 2025
IPO Close Date	1st September 2025
IPO Allotment Date	2nd September 2025
Refund Initiation	3rd September 2025
Issue Size	54,99,000 shares(aggregating up to ₹46.74 Cr)
Fresh Issue	₹10 per share
Offer for sale	1,600 shares
Face Value	₹80.00 to ₹85.00 per share
Lot Size	Bookbuilding IPO
Issue Price Band	BSE & SME
Issue Type	4th September 2025
Listing At	28th August 2025
Listing Date	1st September 2025

About Oval Project Engineering Limited

Oval Projects Engineering Limited was established in 2013. Oval Projects Engineering Limited is an infrastructure development company specialising in the oil and gas, City Gas Distribution, urban development, and Energy sectors across India. The company specialises in upstream, midstream, and downstream activities in the Oil and Gas sector, including pipeline laying, processing plants, CGS work, and O&M services for power plants and EPC projects. The company offers turnkey solutions spanning the upstream, midstream, and downstream segments, with a strong presence in regions such as Agartala, Tripura, and various other locations nationwide. The company has successfully executed over 900 km of pipeline installations and continues to engage in diverse projects within the oil and gas and Power sectors.

Oval Projects Engineering Limited Financials

The company’s financial analysis is essential before applying for the Oval Projects Engineering IPO. Look at the table to learn about Oval Projects Engineering Limited’s financials.

Year Ended	31st March 2025 (in cr.)	31st March 2024 (in cr.)	31st March 2023 (in cr.)
Assets	156.23	103.80	82.25
Revenue	103.44	78.99	64.09
Profit After Tax	9.33	4.40	3.19
EBITDA	18.08	9.89	3.46
Net Worth	55.88	33.67	17.75
Reserve and surplus	40.61	20.00	17.68
Total Borrowing	53.70	32.41	32.21

Explanation

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.