Oval Projects Engineering IPO Details
The Oval Projects Engineering IPO is a book build issue with a total issue size of ₹46.74 cr, comprising of fresh issue of 5499200 equity shares. Oval Projects Engineering IPO opened for subscription on Aug 28, 2025 and closed on Sep 01, 2025. Oval Projects Engineering IPO is set price band at ₹80 to ₹85 per share, with a lot size of 1600 shares. Minimum investment for Retail investors was ₹272,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 02, 2025, and listed on both the NSE and BSE on Sep 04, 2025.
Mas Services Limited has been appointed as the registrar. Smc Capitals Limited are the Book Running Lead Manager for the issue.
Before investing in the Oval Projects Engineering IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 80 – 85
- Lot Size
- 1600
- Issue Size
- ₹46.74 Cr
- Minimum Investment
- ₹272000 (3200 Shares)
- Listing Date
- 04 September 2025
Current GMP
₹8 (+9.41%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Oval Projects Engineering Ltd
Oval Projects Engineering Limited, originally incorporated as Oval Projects Engineering Private Limited on October 7, 2013, is a public limited infrastructure services company headquartered in Agartala, Tripura. The company transitioned from a private to a public entity on August 14, 2024. Led by its promoter Goutam Debnath, who brings over a decade of technical expertise in oil and gas pipeline infrastructure, the company has evolved from a project management consultancy into a comprehensive EPC (Engineering, Procurement, and Construction) and O&M (Operations and Maintenance) services provider. Oval Projects primarily serves the oil and gas sector across India, offering a wide range of services including the construction of gas processing plants, oil terminals, pipeline laying (including RTP technology), and City Gas Distribution (CGD) networks. It also undertakes O&M activities for CGD and oil & gas infrastructure, and has extended its capabilities to specialized civil infrastructure projects, including urban development initiatives funded by international financing institutions.
With operations in more than 10 Indian states and a strong presence in the Northeast, the company has a solid network of suppliers and a track record of delivering complex projects. Oval Projects holds ISO certifications in quality, environmental management, and occupational health and safety, underlining its commitment to high standards. Financially, the company has shown consistent growth, with revenues increasing from ₹5,902.14 lakhs in FY 2023 to ₹10,228.99 lakhs in FY 2025, and PAT rising from ₹318.50 lakhs to ₹933.25 lakhs over the same period. As of April 9, 2025, it has over 30 ongoing projects with an order book valued at ₹45,299.61 lakhs. Its key business verticals include Oil & Gas Infrastructure, Oil & Gas O&M Services, and Specialised Infrastructure Projects, positioning the company as a strong player in India’s evolving infrastructure landscape.
Oval Projects Engineering IPO Promoters
- Goutam Debnath
Promoters Holding
Holding Pre Issue
72.19%
Holding Post Issue
53.07%
Oval Projects Engineering IPO Objective
The Company Oval Projects IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Utilization towards long-term working capital requirements of our Company
- General Corporate Purposes
Address / Contact Info
Oval Projects Engineering Limited
House No. 451568,
Milan Chakra, (Near Prajapita Brahmakumari Center)
Badharghat, P.O. A.D. Nagar
Agartala, Tripura, 799003
Phone: +91 7085049473
Email: cs@ovalprojects.com
Website: https://www.ovalprojects.com/
IPO Snapshot
Book Running Lead Managers
- Smc Capitals Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Oval Projects Engineering IPO is a Book-building IPO with a total issue size of ₹46.74 crore. The Oval Projects Engineering IPO price band is ₹80 to 85 per share. The Oval Projects Engineering IPO subscription opens on Thu, Aug 28, 2025, and closes on Mon, Sep 1, 2025. The Oval Projects Engineering IPO will be listed on the BSE. Mas Services Limited is the registrar for the Oval Projects Engineering IPO.
The Oval Projects Engineering IPO opens on Thu, Aug 28, 2025 and closes on Mon, Sep 1, 2025
Oval Projects Engineering IPO Price Band is ₹80 to 85 per share.
Oval Projects Engineering IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹272000 based on the upper price band
The minimum investment for Oval Projects Engineering IPO is ₹272000, based on one lot of 1600 shares at the upper price band of ₹85 per share.
Investors can apply for the Oval Projects Engineering IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Sep 1, 2025. The application amount remains blocked until the Oval Projects Engineering IPO allotment is finalized.
Oval Projects Engineering IPO issue size is ₹46.74 crores.
Oval Projects Engineering IPO allotment date is Wed, Jul 1, 2026.
The registrar for Oval Projects Engineering IPO is Mas Services Limited. Investors can go to Mas Services Limited website to check Oval Projects Engineering IPO allotment status, refund processing, and other IPO-related information.
The Oval Projects Engineering IPO GMP (Grey Market Premium) is ₹4 as of Thu, Aug 28, 2025. Based on the upper price band of ₹85 per share, the estimated Oval Projects Engineering IPO listing price is ₹89, indicating a potential listing gain of approximately 0% over the issue price.