Oval Projects Engineering IPO GMP & Review: Apply or Avoid?

Oval Projects Engineering IPO is open for bidding from 28th August 2025 to 1st September 2025. 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. 

Oval Projects Engineering IPO Details 

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.

MAS Services Limited is the registrar of the Oval Projects Engineering IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

Oval Projects Engineering IPO Share Reservation

Oval Projects Engineering IPO is a bookbuilding IPO of ₹46.74 crores, comprising a fresh issue of 0.55 crore shares of Oval Projects Engineering, which will be listed on the BSE and SME. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

Oval Projects Engineering IPO GMP Grey Market Premium

GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Oval Projects Engineering IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of 22nd August 2025, Oval Projects Engineering IPO GMP stands at ₹8 per share, which means the share will likely show a listing at ₹93 on its tentative listing date, 4th September 2025.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Oval Projects Engineering GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends. 

Oval Projects Engineering IPO GMP Review

Check out the detailed Oval Projects Engineering GMP IPO review for a thorough understanding of its potential to report listing gains on 4th September 2025. The Oval Projects Engineering IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business’s financials before applying for the Oval Projects Engineering IPO.

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.

Oval Projects Engineering Limited’s IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the Oval Projects Engineering IPO for its tentative listing day, 4th September 2025.  

Technical Analysis

Several 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 Projects Engineering IPO.

The P/E ratio of Oval Projects Engineering Limited’s share is 13.91, and its Earnings Per Share (EPS) stands at 6.11. Thus, the Oval Projects Engineering Limited IPO can potentially deliver gains on its tentative listing date, 4th 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 Projects Engineering Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics. 

Oval Projects Engineering IPO Subscription Status

The Oval Projects Engineering IPO is to be opened for bidding on 28th August 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Oval Projects Engineering IPO subscription status. 

About Oval Projects Engineering Limited

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 upstream, midstream, and downstream segments, with a strong presence in regions like 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 & 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. 

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.

Oval Projects Engineering IPO Bidding Requirements

Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof. The following table represents the minimum and maximum investments by individual investors (retail) and HNI in terms of shares and amount.

Oval Projects Engineering IPO has reserved lot sizes for different investor categories. Look at the table below to see the requirements for applying for this IPO.

Use the lot size calculator to find how many shares you should apply for!

Oval Projects Engineering IPO Promoter Holding

Have a look at the table below to check the holdings of Oval Projects Engineering Limited’s promoters: Mr. Debajit Choudhury, Ms. Rina Choudhury, Ms. Susmita Mukherjee, Ms. Debahuti Chatterjee, and Ms. Nita Dey.

Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue –  Share Holding Post-Issue.

Aim of the Oval Projects Engineering IPO

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

• To meet the general corporate purpose.
• To utilise towards the long-term working capital requirements of our Company.

Should I Invest in the Oval Projects Engineering IPO?

Explore the pros and cons of Oval Projects Engineering to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades. 

    Pros of Oval Projects Engineering IPO

• Oval Projects Engineering has a strong order book and execution capability. They completed over 50 projects in the oil & gas industry and related EPS sectors.
• It has diverse expertise across sectors. 
• The company boasts operations in more than 10 states, especially in the Northeast.  
• They focused on the USe of IPO Proceeds.

Cons of Oval Projects Engineering IPO

• The company is an SME listed on the BSE SME platform, and the IPO is relatively small, ₹46.7 cr, resulting in limited liquidity post listing.
• The company’s business is heavily focused on oil & gas projects and related infrastructure.
•  The company has a limited financial metrics Disclosure

How to Apply for the Oval Projects Engineering IPO?

Check the steps mentioned below to apply for Oval Projects Engineering Limited.

• Step 1: Conduct thorough research on the Oval Projects Engineering IPO GMP, subscription status, issue size, lot size, and other details. 
• Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Make a bid for two lots of 3,200 shares worth ₹2,72,000.
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the Oval Projects Engineering IPO from more than one demat account to increase your chances of allotment. 

How to Check Oval Projects Engineering IPO Allotment Status?

You can check whether the Oval Projects Engineering IPO allotment has been completed in different ways. These include BSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.

Check On BSE

• Visit the BSE Official Website.
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose the Abril Paper Tech IPO.  
• Choose whether to proceed with the PAN number or the application number. 
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal.
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Oval Projects Engineering IPO allotment status.

Let’s Wrap

Oval Projects Engineering IPO is a bookbuilding issue of shares worth ₹46.74 crores. The shares of Oval Projects Engineering Limited will be listed on NSE and SME on its tentative listing date of 4th September 2025. Researching the Oval Projects Engineering IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Oval Projects Engineering IPO

How is the Oval Projects Engineering IPO?

Ans. Currently, on 25th August 2025, the Oval Projects Engineering IPO GMP (Grey Market Premium) stands at ₹8. It indicates that the estimated listing price could be ₹93 per share. It is a bookbuilding IPO of ₹46.74 crores, comprising a fresh issue of 0.55 crore shares. The face value of each share of Oval Projects Engineering Limited is ₹10 per share.

What is the Oval Projects Engineering IPO price?

Ans. The Oval Projects Engineering IPO price is set at ₹80.00 to ₹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.

Is the Oval Projects Engineering IPO good?

Ans. 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.

Who is the registrar of the Oval Projects Engineering IPO?

Ans. Maashitla Securities Private Limited is the registrar of the Oval Projects Engineering IPO, responsible for managing the IPO allotment procedure and refund initiation. For any queries regarding the Oval Projects Engineering allotment and refund, you can contact Maashitla Securities Private Limited at investor@masserv.com, (011) 2610 4142.

What is the issue size of the Oval Projects Engineering IPO?  

Ans. Oval Projects Engineering IPO is a bookbuilding IPO for 0.55 crore shares worth ₹46.74 crores. Moreover, the IPO is set to open on 28th August 2025 and will be closed on 1st September 2025. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Oval Projects Engineering IPO, download the Oval Projects Engineering IPO RHP and Oval Projects 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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