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Oval Projects Engineering Limited
1.67xsubscribed

Oval Projects Engineering Limited

Power Generation/Distribution
listed
₹2.56LMin. investment

Oval Projects Engineering Limited IPO Details

SectorPower Generation/Distribution
Price range₹80.00 – ₹85.00
IPO type
SME
Lot size1600 shares
Issue size₹46Cr
Red Herring Prospectus
Read
Market cap
₹176.54CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹102.29CrLower than sector avg
Growth rate3Y CAGR
20.12%Higher than sector avg

Oval Projects Engineering Limited Subscription Status

Date
QIB
NII
Retail
Total
28-Aug-25
0.49 times (X)
0.1 times (X)
0.13 times (X)
0.59 times (X)
29-Aug-25
0.49X
0.29X
0.31X
0.75X
01-Sep-25
0.86X
0.65X
0.8X
1.67X

As on 28-Aug-25, 5:30 PM

Oval Projects Engineering Limited Timeline

  1. Pre-apply
    26 Aug 2025
  2. Bid start
    28 Aug 2025
  3. Bid end
    1 Sep 2025
  4. Allotment
    2 Sep 2025
  5. Release of funds
    3 Sep 2025
  6. Demat transfer
    3 Sep 2025
  7. Listing
    4 Sep 2025

About Oval Projects Engineering Limited

Oval Projects Engineering Limited is an engineering, procurement, and construction (EPC) company that delivers solutions across process plants, piping, and structural fabrication, along with O&M services for clients across India, with a strong presence in the oil & gas sector. During FY25, revenue was driven by Oil & Gas Infrastructure Projects (46.15%), Oil & Gas O&M (3.79%), and Specialised Infrastructure projects (50.06%). Region-wise, the East contributed the largest share at 74.36%, followed by the West at 24.41%. The client base is dominated by public sector and government establishments, including internationally funded projects, with 90.17% of revenue from Government entities and 9.83% from Non-Government entities.

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Objectives of Oval Projects Engineering Limited IPO

Working capital
79.23%
The company will utilise ₹37.03 crore towards the working capital requirements.
General corporate purposes
20.80%
Part of the IPO proceeds will be used for general corporate purposes.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹102.29Cr20.12%₹9.33Cr₹176.54Cr12.780.96
This sector (avg.)₹7,783.3Cr0.01%₹1,281.2Cr₹38,103.65Cr45.352.10
₹1,88,138.06Cr---₹20,251.23Cr₹3,45,201.3Cr14.281.36
₹45,792.32Cr---₹15,245.13Cr₹2,38,560.5Cr15.691.41
₹11,212Cr---₹1,557Cr₹1,40,388.8Cr98.956.59

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

Oval Projects Engineering Limited Contact Details

Company NameOval Projects Engineering Limited

How to apply for Oval Projects Engineering Limited?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Oval Projects Engineering Limited IPO FAQs

Investors can apply for the Oval Projects Engineering Limited through their Demat account via the stock exchange or through their broker.
The issue size of the Oval Projects Engineering Limited is 46 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Oval Projects Engineering Limited will be open between 2025-08-28 and 2025-09-01.
Oval Projects Engineering Limited allotment date is 2025-09-03. For Oval Projects Engineering Limited allotment status check, you can visit the website of the registrar of the IPO.
For Oval Projects Engineering Limited, the IPO registrar is MAS Services Limited. You can check Oval Projects Engineering Limited allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Oval Projects Engineering Limited shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Oval Projects Engineering Limited lot size is 1600 and minimum order quantity is 3200.
Oval Projects Engineering Limited has set the price band for its IPO at 85 per equity share with a face value of 10.