Oval Projects Engineering IPO opening date is announced as August 28, 2025 and it will close on September 1, 2025. Oval Projects Engineering IPO is a book built issue. The company will raise around ₹46.74 crore through this IPO, which includes new shares worth ₹46.74 crore and 1600 equity shares with face value of ₹10 per share.
The price band of Oval Projects Engineering IPO is ₹80 to ₹85 per share. Retail quota is 35%, QIB 50% and NII 15%. Oval Projects Engineering IPO will be listed on BSE on September 4, 2025. Allotment of Oval Projects Engineering IPO will be done on September 2, 2025.
The company recorded a revenue of ₹103.44 crores in 2025, while it was ₹78.99 crores in 2024. The company recorded a profit of ₹9.33 crores in 2025, while it was ₹4.40 crores in 2024. As per the financial position, IPO investors should invest in this IPO for the long term.
Oval Projects Engineering IPO Details
| IPO Open Date: | August 28, 2025 |
| IPO Close Date: | September 1, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹80 to ₹85 Per Share |
| Issue Size: | Approx ₹46.74 Crores |
| Fresh Issue: | Approx ₹46.74 Crores |
| Lot Size: | 1600 Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Oval Projects Engineering IPO Market Lot
The Oval Projects Engineering IPO minimum market lot is 3,200 shares with ₹2,72,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 3,200 | ₹2,72,000 |
| Retail Maximum | 2 | 3,200 | ₹2,72,000 |
| S-HNI Minimum | 3 | 4,800 | ₹4,08,000 |
| S-HNI Minimum | 8 | 11,200 | ₹9,52,000 |
| B-HNI Minimum | 9 | 12,800 | ₹10,88,000 |
Oval Projects Engineering IPO Dates
The Oval Projects Engineering IPO date is August 28 and the close date is September 1. The Oval Projects Engineering IPO allotment will be finalized on September 2 and the IPO listing on September 4.
| IPO Open Date: | August 28, 2025 |
| IPO Close Date: | September 1, 2025 |
| Basis of Allotment: | September 2, 2025 |
| Refunds: | September 3, 2025 |
| Credit to Demat Account: | September 3, 2025 |
| IPO Listing Date: | September 4, 2025 |
Oval Projects Engineering IPO Company Financial Report
The company reported revenue of ₹103.44 crores in 2025 against ₹78.99 crore in 2024. The company reported profit of ₹9.33 crores in 2025 against profit of ₹4.40 crores in 2024.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2023 | ₹64.09 | ₹59.72 | ₹3.19 | ₹- |
| 2024 | ₹78.99 | ₹72.05 | ₹4.40 | ₹- |
| 2025 | ₹103.44 | ₹90.42 | ₹9.33 | ₹- |
Oval Projects Engineering IPO Valuation – FY2025
| KPI | Values |
| ROE: | 20.85% |
| ROCE: | 21.32% |
| EBITDA Margin: | 17.68% |
| PAT Margin: | 9.12% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹6.65 (Basic) |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 20.85% |
| Net Asset Value (NAV): | ₹31.89 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Likhitha Infrastructure Limited | 17.57 | 15.34 | 18.52 | 5.40 | ₹42,1.68 Cr. |
| Konstelec Engineers Limited | 3.14 | 19.39 | 4.93 | 20.30 | ₹19,5.66 Cr. |
Promoters of Oval Projects Engineering IPO
The promoter of the company is Gautam Debnath.
About Oval Projects Engineering IPO
Oval Projects Engineering Limited, founded in 2013, is one of the leading infrastructure development companies operating in the oil & gas, city gas distribution, urban development and power sectors across India. The company's services include pipeline laying, processing plants, CGS works and operation & maintenance services for power plants and EPC projects.
Oval Projects provides engineering turnkey solutions in the upstream, midstream and downstream sectors, and has a strong presence in Agartala, Tripura and other parts of India. So far, the company has completed more than 900 km of pipeline installation and is involved in various projects in the oil & gas and power sectors. The company employs 123 employees as of March 31, 2025.