Oval Projects Engineering Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,560,000 (28%) | — | ₹1,326 Cr |
| NII (HNI) | — | 1,440,000 (26%) | — | ₹1,224 Cr |
| Retail | — | 2,195,200 (40%) | — | ₹1,866 Cr |
| Market Maker | — | 304,000 (6%) | — | ₹26 Cr |
| Σ Total | — | 5,499,200 (100%) | — | ₹46,743 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹136,000 |
| Retail (Max) | 13 | 20,800 | ₹1,768,000 |
| S-HNI (Min) | 14 | 22,400 | ₹1,904,000 |
| B-HNI (Min) | 67 | 107,200 | ₹9,112,000 |
Financial Statements Amount in Crore
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 103 | 79 | 64 |
| EBITDA | 18 | 10 | 3 |
| Profit After Tax | 9 | 4 | 3 |
| Net Worth | 56 | 34 | 18 |
| Total Assets | 156 | 104 | 82 |
| Reserves & Surplus | 41 | 20 | 18 |
| Total Borrowing | 54 | 32 | 32 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Utilization towards long-term working capital requirements of the Company – 37.03
- 2 General Corporate Purposes – 3.94
Company Overview
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