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Oval Projects Engineering IPO is a Book Building IPO listing on BSE SME exchange, with an ipo size of ₹ 46.74 Cr. The company is based in Agartala and caters to Engineering - EPC sector. Smc Capitals is the merchant banker of Oval Projects Engineering IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 20th June 2025. Oval Projects Engineering IPO open date is 28th August 2025 and close date is 1st September 2025. IPO Allotment Date is 2nd September 2025 and Listing date is 4th September 2025.
IPO
Size:
₹ 46.74 Cr.
Avg IPO Size (Sector Based)
: ₹
31.14 cr.
Sector: Engineering - EPC
SME
IPO so far:
25
Merchant Banker:
Smc Capitals
SME
IPO by BRLM so far:
2
City:
Agartala
SME
IPO so far:
1
Revenue (annualised):
₹
102.28
cr. 
PE
Ratio:
18.92x
Average Sector PE Ratio: 13.72x
Oval Projects Engineering IPO size is ₹ 46.74 Cr. with IPO price of ₹ 85.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
To meet long-term working capital requirements General Corporate Purposes
Smc Capitals Limited is the book-running lead manager of the Oval Projects Engineering IPO. Mas Services Limited is the Registrar and Market Maker is SMC Global Securities Limited for Oval Projects Engineering IPO.
Oval Projects Engineering IPO anchor investors are the below investors. The number of anchor investors in this IPO is 6.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in ₹.) | Amount Invested (in ₹.) |
|---|---|---|---|
| Rajasthan Global Securities | 236,800.00 | ₹ 85.00 | ₹ 20,128,000.00 |
| SB Opportunities Fund | 169,600.00 | ₹ 85.00 | ₹ 14,416,000.00 |
| Beacon Stone Capital | 169,600.00 | ₹ 85.00 | ₹ 14,416,000.00 |
| Finvesta First | 120,000.00 | ₹ 85.00 | ₹ 10,200,000.00 |
| Raghunath Capital Vision | 120,000.00 | ₹ 85.00 | ₹ 10,200,000.00 |
| Persistent Growth Fund- | 120,000.00 | ₹ 85.00 | ₹ 10,200,000.00 |
Oval Projects Engineering IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Oval Projects Engineering IPO, based in Agartala, operates in the Engineering - EPC sector with a focus on Infrastructure services company. The company is launching its SME IPO on the BSE SME exchange, using the Book Building Issue method. Oval Projects Engineering IPO size is ₹ 46.74 Cr. with fresh issue size of ₹ 47 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Oval Projects Engineering IPO is expected to be 2nd September 2025, after the finalization of basis of allotment. Investors can check Oval Projects Engineering IPO allotment status on the registrars website, Mas Services Limited . Oval Projects Engineering IPO refund dates are 3rd September 2025.
Oval Projects Engineering IPO is expected to be listed on 4th September 2025.
The upper price band for the Oval Projects Engineering IPO is set at ₹ 85.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Oval Projects Engineering IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Oval Projects Engineering IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 1st September 2025. After submission, funds are blocked until the basis of allotment of Oval Projects Engineering IPO is finalised.
The merchant banker for Oval Projects Engineering IPO is Smc Capitals Limited . Smc Capitals Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Oval Projects Engineering IPO RHP for further details.
The registrar for Oval Projects Engineering IPO is Mas Services Limited . Investors can go to Mas Services Limited registrar website for IPO allotment status, refund processing, and other queries related to Oval Projects Engineering IPO through their official website or helpline.
Oval Projects Engineering IPO was subscribed 1.61 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
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IPO
Size:
₹ 46.74 Cr.
Avg IPO Size (Sector Based)
:
₹ 31.14 Cr.
Sector: Engineering - EPC
SME
IPO so far:
25
Merchant Banker:
Smc Capitals
SME
IPO by BRLM so far:
2
City:
Agartala
SME
IPO so far:
1
Revenue (annualised):
₹ 102.28 cr.
PE
Ratio:
18.92x
Average Sector PE Ratio: 13.72x
Oval Projects Engineering IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Oval Projects Engineering Financial Review Page
Merchant Banker(s) of Oval Projects Engineering IPO: Smc Capitals Limited
Oval Projects Engineering IPO subscription was 1.61 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Oval Projects Engineering IPO listed at a listing price of 85.25 against the offer price of 85.00.
The current market price of Oval Projects Engineering is 63.10.
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