| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹46.74 Cr |
| Reserved for Market Maker | ₹2.58 Cr |
| Net Issue Size | ₹46.74 Cr |
| Fresh Issue | ₹44.16 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹80.00-85.00 per share |
| BSE Code | 544498 |
| Registrar | MAS Services Ltd. |
| Lead Managers | SMC Capitals Ltd. |
| Allotment Status | |
| DRHP |
| RHP |
| Final Prospectus |
| Anchor List |
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Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 3,200 shares · Multiples of 1,600 shares
Incorporated in 2013, Oval Projects Engineering Limited is an infrastructure development company specializing in the Oil & Gas, City Gas Distribution, Urban Development, and Energy sectors across India.
The company specializes 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 proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Utilization towards long-term working capital requirements of the Company | 37.03 |
| 2 | General Corporate Purposes | 3.94 |
| 3 | Issue Expenses | 5.78 |
| Total | 46.74 |
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 156.23 | 103.80 | 82.25 |
| Total Income | 103.44 | 78.99 | 64.09 |
| Profit After Tax | 9.33 | 4.40 | 3.19 |
| EBITDA | 18.08 | 9.89 | 3.46 |
| NET Worth | 55.88 | 33.67 | 17.75 |
| Reserves and Surplus | 40.61 | 20.00 | 17.68 |
| Total Borrowing | 53.70 | 32.41 | 32.21 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 20.85% |
| ROCE | 21.32% |
| RoNW | 20.85% |
| PAT Margin | 9.12% |
| EBITDA Margin | 17.68% |
| Price to Book Value | 2.67 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 6.11 | 4.49 |
| P/E (x) | 13.91 | 18.92 |
| Promoter Holding | 72.19% | 53.07% |
| Market Cap | ₹176.54 Cr. | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to BRLM and commission (including selling commission, brokerage and underwriting commission) | 4.66 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Issue and bidding/uploading charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.01 |
| 3 | Fees payable to the Registrar to the Issue | 0.05 |
| 4 | Fees payable to regulators including Stock Exchange(s) and other intermediaries | 0.11 |
| 5 | Printing and stationery expenses | 0.02 |
| 6 | Advertising and marketing expenses | 0.21 |
| 7 | Fees payable to legal counsel | 0.24 |
| 8 | Miscellaneous (including fees payable to auditors, consultants, market research firms and other professional agencies) | 0.48 |
Last Updated on 22-Jul-2026 07:11:32