Ravita Engineering Services IPO: Price Band, Lot Size, Financials & Review
Ravita Engineering Services IPO opens on Tue, 13 Oct 2026 and closes on Thu, 15 Oct 2026. The price band is ₹105 – ₹112 with a lot of 1200 shares, so one retail lot costs ₹2,68,800 at the upper band.
Last updated
- Price band
- ₹105 – ₹112
- Lot size
- 1,200 shares
- Min. investment
- ₹2,68,800
- Issue size
- ₹116.05 Cr
Ravita Engineering Services IPO details
Ravita Engineering Services IPO is a ₹116.05 Cr book-building IPO on the SME segment, listing on NSE. It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
The issue opens on Tue, 13 Oct 2026 and closes on Thu, 15 Oct 2026. Allotment is expected on Fri, 16 Oct 2026 and listing on Wed, 21 Oct 2026.
The price band is ₹105 to ₹112 per share and the lot size is 1200 shares, so the minimum retail application is ₹2,68,800. Retail investors can apply for up to 2 lots (2,400 shares, ₹2,68,800).
MUFG Intime India Pvt Ltd is the registrar, and Vivro Financial Services Private Limited is the book running lead manager.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Qualified Institutions | 0 | 0.00% |
| Retail Investors | 0 | 0.00% |
| Non-Institutional | 0 | 0.00% |
Ravita Engineering Services IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,68,800 |
| Retail (Max) | 2 | 2,400 | ₹2,68,800 |
| S-HNI (Min) | 3 | 3,600 | ₹4,03,200 |
| S-HNI (Max) | 7 | 8,400 | ₹9,40,800 |
| B-HNI (Min) | 8 | 9,600 | ₹10,75,200 |
Amounts at the upper end of the price band.
Issue structure and valuation
It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
At the upper price band of ₹112, the issue is priced at 25.87x pre-issue earnings and 15.07x post-issue earnings per share.
| EPS (pre-issue) Latest earnings per share before the issue | ₹4.33 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 25.87x |
| EPS (post-issue) EPS on the enlarged share capital | ₹7.43 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 15.07x |
| Promoter holding (pre-issue) | 73.74% |
| Promoter holding (post-issue) | 0.00% |
Ravita Engineering Services Limited financials
Between 31 Mar 2023 and 31 Dec 2025, revenue rose from ₹18.6 Cr to ₹208.32 Cr, and profit after tax rose from ₹0.11 Cr to ₹20.99 Cr. The PAT margin for 31 Dec 2025 was 10.08%.
| Period ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 146.68 | 58.24 | 9.08 | 9.80 |
| Revenue | 208.32 | 109.30 | 13.53 | 18.60 |
| Profit After Tax | 20.99 | 11.83 | 1.51 | 0.11 |
| Net Worth | 92.51 | 15.13 | 3.30 | 1.80 |
| Reserve & Surplus | 92.38 | 15.03 | 3.20 | 1.70 |
| Total Borrowings | 0.00 | 0.00 | 0.00 | 0.00 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 39.01 | 128.31 | 59.13 | 6.12 |
| ROCE % | 39.17 | 71.71 | 37.05 | 14.83 |
| Debt / Equity | 0.17 | 1.53 | 1.07 | 3.42 |
| RoNW % | 39.01 | 128.31 | 59.13 | 6.12 |
| Pat Margin % | 10.08 | 10.82 | 11.15 | 0.58 |
About Ravita Engineering Services Limited
Ravita Engineering Services Ltd., founded in December 2007, specializes in the execution of Engineering, Procurement, Installation and Commissioning (“EPIC”) contracts on a turnkey basis. The company provides comprehensive solutions for HVAC and central air-conditioning systems, air-flow systems, chillers, compressors, cooling equipment, and other electromechanical systems across commercial and industrial facilities, as well as offshore rigs and platforms. In addition, the company provides operation and maintenance (“O&M”) services for projects executed by it, as well as for third-party systems.
The company also undertakes specialized niche engineering projects, including the laying of sub-sea discharge pipelines for Effluent Treatment Plants (“ETPs”), such as the project undertaken at Paradeep, Odisha.
The company’s business operations are broadly classified into three areas of expertise: (i) Onshore; (ii) Offshore; and (iii) Data Centre.
Onshore: The company undertakes onshore projects across various states in India, including Gujarat, Maharashtra, Odisha, and Karnataka.
Offshore: The company provides engineering and O&M services for rigs, platforms, and other marine installations located within India’s territorial waters.
Data Centre: The company provides O&M services for critical data centre infrastructure, including cooling systems, chiller plants, HVAC systems, and associated utilities, with a focus on ensuring uptime, reliability, and effective temperature control. The company currently provides such services to a large Indian conglomerate at its data centre in Navi Mumbai. As of December 31, 2025, the company’s order book for Data Centre O&M services stood at ₹7,403.63 lakhs.
Promoters
- Vibhoar Agrawal
- Rachita Agrawal
- Starwings Realtors Private Limited
Objects of the issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- To meet long-term working capital requirements of our Company
- Funding capital expenditure requirements of our Company towards purchase of certain heavy equipment
- General Corporate Purposes
Contact details
Ravita Engineering Services Ltd.
Office No. 202 2nd Floor
Mayuresh Square, Plot No. 17
Sector 15 CBD Belapur
Thane, Maharashtra, 400614
Tel: +91-9136446482
Email: cs@ravita.co.in
Website:https://ravita.co.in/
Ravita Engineering Services IPO FAQs
- What is the Ravita Engineering Services IPO price band?
- The Ravita Engineering Services IPO price band is ₹105 to ₹112 per share.
- What is the Ravita Engineering Services IPO lot size and minimum investment?
- The Ravita Engineering Services IPO lot size is 1200 shares. The minimum retail investment is ₹2,68,800 for one lot at the upper price band. Retail investors can apply for up to 2 lots (2,400 shares), costing ₹2,68,800.
- When does Ravita Engineering Services IPO open and close?
- Ravita Engineering Services IPO opens on Tue, 13 Oct 2026 and closes on Thu, 15 Oct 2026.
- What is the Ravita Engineering Services IPO allotment date?
- The Ravita Engineering Services IPO basis of allotment is expected on Fri, 16 Oct 2026. You can check your allotment status on the MUFG Intime India Pvt Ltd website.
- What is the Ravita Engineering Services IPO listing date?
- Ravita Engineering Services IPO is expected to list on NSE on Wed, 21 Oct 2026.
- Is the Ravita Engineering Services IPO a fresh issue or an offer for sale?
- It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
- Who are the registrar and lead managers of the Ravita Engineering Services IPO?
- The registrar for the Ravita Engineering Services IPO is MUFG Intime India Pvt Ltd, and the book running lead manager is Vivro Financial Services Private Limited.
- How to apply for the Ravita Engineering Services IPO?
- Apply through your broker app or net banking using UPI or ASBA. Select the IPO, enter the number of lots and your bid (retail investors can bid at the cut-off price), and approve the UPI mandate before the issue closes on Thu, 15 Oct 2026.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.