oval projects engineering limited

oval projects engineering limited

OVAL • ISIN: INE0RTI01017

BSE
SME

Listing Price: ₹85.25

+0.29% Gain
About Company

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 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

Utilization towards long-term working capital requirements of the Company

General Corporate Purposes

₹85

Price Band

1.36 L

Min Investment

1600 shares

Lot Size

18.92x

P/E Ratio

Important Dates

Issue Opens

28 Aug 2025

Issue Closes

1 Sept 2025

Allotment

2 Sept 2025

Listing

4 Sept 2025

Subscription Status
QII

Qualified Institutional Investors

2.49x

3,876,800 / 1,560,000 shares

HNI (>₹10L)

High Networth Individuals (Above ₹10 Lakhs)

1.31x

1,262,400 / 960,000 shares

NII (<₹10L)

Non-Institutional Investors (Below ₹10 Lakhs)

0.48x

228,800 / 480,000 shares

Retail

Retail Individual Investors

0.83x

1,811,200 / 2,195,200 shares

Financial Performance
Offer Documents
RHP
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Issue Details
Issue TypeBB
Face Value₹10
Lead ManagersSMC Capitals Ltd.
Min Quantity3,200
Max Quantity5,882
Company PromotersGoutam Debnath
Website

https://www.ovalprojects.com/

Email

cs@ovalprojects.com

Phone+91 7085049473
Address

Oval Projects Engineering Ltd.
House No. 451568,
Milan Chakra, (Near Prajapita Brahmakumari Center)
Badharghat, P.O. A.D. Nagar
Agartala, Tripura, 799003