Oval Engineering is an infrastructure services provider specializing in EPC and O&M services, catering to clients across India, with a strong focus on the Oil & Gas sector. Headquartered in Agartala, Tripura, it began as a project management consultancy and has, over the past decade, diversified into EPC, O&M and allied infrastructure services. Its expertise spans upstream, midstream and downstream facility development, including processing plants, pipeline laying, horizontal directional drilling, terminal stations, city gas distribution (CGD) networks, O&M of PNG/PNG services and captive power plants, along with other related EPC projects.
Price Band₹80 - ₹85 |
Dates28 Aug - 01 Sep |
GMP₹4 (4.71%) |
Subscriptions- |
Issue Size₹46.74 Crs |
Oval Projects IPO Objects
- To meet long-term working capital requirements
- General Corporate Purposes
Oval Projects IPO Details
Price Band₹80 - ₹85 |
Listing AtBSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹46.74 Cr (0.55 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹46.74 Cr (0.55 Cr Shares) |
Face Value₹10 per equity share |
Oval Projects IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Individual Investor |
Minimum
2
3,200
2,72,000
Maximum
2
3,200
2,72,000
|
|||
| Small HNI |
Minimum
3
4,800
4,08,000
Maximum
7
11,200
9,52,000
|
|||
| Big HNI |
Minimum
8
12,800
10,88,000
|
|||
Oval Projects IPO GMP
The estimated Grey Market Premium of Oval Projects IPO is ₹4 per share (4.71%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 50% of Net Offer |
| NII | Not less than 35% of Net Offer |
| Retail | Not less than 15% of Net Offer |
| Market Maker | 304000 EQ Shares |
Oval Projects IPO Financials
Key Performance Indicators
| KPI | Values |
|---|---|
| EBITDA | 17.68% |
| PAT | 9.12% |
| ROE | 20.85% |
| ROCE | 21.32% |
| PE Ratio | 12.78 |
| PB Ratio | 2.67 |
| Mkt Cap (in Crs.) | 176.54 |
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Oval Projects IPO Peer Comparision
| Particulars | Oval Projects | Likhitha Infra | Konstelec Engineers |
|---|---|---|---|
| Revenue from Ops (in Crs.) | 102.29 | 520.09 | 195.66 |
| PAT (In Crs.) | 9.33 | 69.43 | 4.75 |
| EPS - Basic | 6.65 | 17.57 | 3.14 |
| NAV per share | 31.89 | 5.40 | 20.30 |
| RONW | 20.85% | 18.52% | 4.93% |
| EBITDA | 17.68% | 15.68% | 7.71% |
| PAT Margin | 9.12% | 13.35% | 2.43% |
| Price to earning (PE) | 12.78 | 15.34 | 19.39 |
- All information pertains to FY 2024-25.
- PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of Mar 28, 2025 for Peers
Oval Projects IPO Peer Comparision
| Particulars | Oval Projects |
|---|---|
| Revenue from Ops (in Crs.) | 102.29 |
| PAT (In Crs.) | 9.33 |
| EPS - Basic | 6.65 |
| NAV per share | 31.89 |
| RONW | 20.85% |
| EBITDA | 17.68% |
| PAT Margin | 9.12% |
| Price to earning (PE) | 12.78 |
| Likhitha Infra | Konstelec Engineers |
|---|---|
| 520.09 | 195.66 |
| 69.43 | 4.75 |
| 17.57 | 3.14 |
| 5.40 | 20.30 |
| 18.52% | 4.93% |
| 15.68% | 7.71% |
| 13.35% | 2.43% |
| 15.34 | 19.39 |
- All information pertains to FY 2024-25.
- PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of Mar 28, 2025 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Goutam Debnath | 72.19% |
| Total | 72.19% |
Management Details
| Name | Designation |
|---|---|
| Goutam Debnath | Chairman & MD |
| Princee Gupta | CFO |
Company Details
Name: Oval Projects Engineering Limited
Address: House No. 451568, Milan Chakra, (Near
Prajapita Brahmakumari Center),
Badharghat, P.O. A.D. Nagar, Agartala,
West Tripura, Tripura- 799003, India
Number: +91 70850 49473
Email: cs@ovalprojects.com
Website: https://www.ovalprojects.co
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Oval Projects IPO is a SME IPO having an issue size of Rs. ₹46.74 Crs. Oval Projects IPO is priced at ₹80 - ₹85 per share. The issue opens on 28 Aug 25 and closes on 01 Sep 25.
Oval Projects IPO opens on 28 Aug 25 and closes on 01 Sep 25.
The estimated Grey Market Premium of Oval Projects IPO is ₹4 per share (4.71%).
The minimum lot size of Oval Projects IPO is 1600 shares & the minimum application amount is Rs. 136000.
The allotment date of Oval Projects IPO is 02 Sep 25.
The listing date of Oval Projects IPO is 04 Sep 25.
Oval Projects IPO is subscribed -.
Oval Projects IPO is priced at ₹80 - ₹85 per share.
Click the allotment link on Oval Projects IPO page of IPO360.
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- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
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