IPO - Initial Public Offerings

 OVAL

  

OVAL PROJECTS ENGINEERING LTD. IPO

28 Aug, 10:00 AM

Issue Open

01 Sep, 05:00 PM

Issue Close

1600

Lot Size

₹ 80.00 – ₹ 85.00

Price Range

IPO Issue Details

Issue size 46.74 Cr
Market Price 85.00
Registrar MAS Services Ltd
Face Value RS.10 /- Per share
Listing at BSE

About

OVAL PROJECTS ENGINEERING LTD. IPO
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.

IPO Lot Size

Category Lots Shares Amount
Retail (Min) 2 3200 ₹ 2,72,000.00
Retail (Max) 2 3200 ₹ 2,72,000.00
S-HNI (Min) 3 4800 ₹ 4,08,000.00
S-HNI (Max) 8 12800 ₹ 10,88,000.00
B-HNI (Min) 9 14400 ₹ 12,24,000.00

IPO TimeLine

Open Date 28-Aug-2025
Close Date 01-Sep-2025
Basis of Allotment Date 02-Sep-2025
Initiation of Refunds 03-Sep-2025
Credit Shares to Demat A/c 03-Sep-2025
IPO Listing Date 04-Sep-2025