Oval Project Engineering IPO Subscription Day 1

Here, the Oval Project Engineering IPO launched on 28th August 2025. The issue will be closed for bidding today, on 1st September 2025. The primary aim of the Oval Project Engineering IPO is to raise ₹46.74 crores from the market. Additionally, the Oval Project Engineering IPO has received an impressive level of subscription, indicating that the shares will be listed at a remarkable premium. Scroll down to check the Oval Project Engineering IPO subscription and details. 

Oval Project Engineering IPO Details 

The price band for the Oval Project Engineering IPO has been prescribed as ₹80 to ₹85 per share, and a total of 1,37,50,000 shares have been issued. Let’s segregate the share quota fixed for different categories of investors. 

Oval Project Engineering IPO Subscription Status

As of now, the Oval Project Engineering IPO has been subscribed to 0.02 times. Of these, 0.03 times are subscribed by retail investors, 0.01 times by non-institutional investors, and 0.00 times by QII (Qualified Institutional Investors).  

The healthy subscription status indicates that investors are expecting higher returns at the time of the Oval Project Engineering IPO listing on 28th August 2025. The Oval Project Engineering IPO also has a positive outlook behind the fresh issue of 0.55 crore shares, aiming to raise around Rs 46.74 crores.

Oval Project Engineering IPO GMP Today

We know that higher subscription prices encourage grey market premiums for IPOs. Let’s explore the Oval Project Engineering IPO GMP for 28th August 2025. 

The grey market premium for this IPO is 9.41% or Rs 8 per share. It indicates that the estimated listing price per share is Rs 93. Numerous factors played a pivotal role in the jump in Oval Project Engineering IPO GMP. These include higher subscription rates received, positive market sentiments, and investors’ positive attitude towards the IPO. 

About Oval Project Engineering IPO Ltd.

Oval Projects Engineering Limited was established in 2013. Oval Projects Engineering Limited is an infrastructure development company specialising in the Oil & 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 Project Engineering IPO Limited Financials

The company’s financial analysis is crucial before applying for the Oval Project Engineering IPO. Refer to the table to learn about Oval Project Engineering IPO Limited’s financials. 

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.

Technical Indicators

Some technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Oval Project Engineering IPO.

Oval Project Engineering IPO Listing Expectations

Oval Project Engineering IPO Highlights: The IPO allotment is still pending, as the bidding process is expected to close today. However, according to current GMP or market sentiments, it is reasonable to expect higher listing gains from the share. A 9.41% jump in Oval Project Engineering IPO GMP indicates that the estimated listing price per share will be approximately Rs 93.

It will provide higher listing gains to investors who applied for this IPO. Additionally, the financial fundamentals of this business made it the experts’ top long-term recommendations. 

Oval Project Engineering IPO Dates

Note: IPO GMP is volatile based on market sentiment. Hence, one should conduct their research before investing in it.

Also Read : NIS Management IPO GMP & Review: Apply or Avoid?

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