OVAL • ISIN: INE0RTI01017
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
Utilization towards long-term working capital requirements of the Company
General Corporate Purposes
Price Band
Min Investment
Lot Size
P/E Ratio
Issue Opens
28 Aug 2025
Issue Closes
1 Sept 2025
Allotment
2 Sept 2025
Listing
4 Sept 2025
Qualified Institutional Investors
3,876,800 / 1,560,000 shares
High Networth Individuals (Above ₹10 Lakhs)
1,262,400 / 960,000 shares
Non-Institutional Investors (Below ₹10 Lakhs)
228,800 / 480,000 shares
Retail Individual Investors
1,811,200 / 2,195,200 shares
Issue Type | BB |
Face Value | ₹10 |
Lead Managers | SMC Capitals Ltd. |
Min Quantity | 3,200 |
Max Quantity | 5,882 |
Company Promoters | Goutam Debnath |
Website | |
Phone | +91 7085049473 |
Address | Oval Projects Engineering Ltd. |