oval projects engineering limited IPO
IPO Overview
Oval projects engineering limited IPO is a SME public issue offered through a Book Building issue with a total issue size of ₹— crores. The IPO price band is set at ₹85 per share, and retail investors can apply with a minimum investment of ₹2.72 L as per IPO guidelines.
The Oval projects engineering limited IPO opens on 28 Aug 2025 and closes on 1 Sept 2025. The IPO allotment is expected to be finalized on 2 Sept 2025, and the equity shares are proposed to be listed on BSE on 4 Sept 2025.
Investors can refer to the Oval projects engineering limited IPO RHP-DRHP for detailed information. The issue is managed by SMC Capitals Ltd. as the book running lead manager, while MAS Services Ltd. is the registrar to the IPO. Before investing, market participants often review IPO details, valuation, PE ratio, financials, and risk factors.
About Company
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 has successfully executed over 900 km of pipeline installations and continues to engage in diverse projects within the Oil &; Gas and Power sectors.
Business Segment:
Oil & Gas Infrastructure: The company's Oil & Gas Infrastructure vertical focuses on designing and executing gas processing plants, oil/petrochemical storage terminals, pipeline laying, and developing infrastructure for distribution.
Oil and Gas Operation and Maintenance: The company provides O&M services to CGD companies and public sector entities, including pipeline repairs, maintenance, scheduled shutdowns, and management of gas genset power plants and CNG stations.
Special Infrastructure projects: The company gained expertise in civil infrastructure during oil and gas plant projects, executing specialized works. It now handles technical infrastructure projects funded by the government, World Bank, and ADB.
As of March 31, 2025, the company had 123 on-roll employees.
Competitive Strength:
Strong Project execution capabilities
Experienced Promoter and Management Team
Optimal Utilization of Resources
Visible growth through a robust order book
Leveraging the market skills and relationship
Investment Objective
General Corporate Purposes