Oval Projects IPO description – Oval Projects Engineering is primarily an infrastructure services company that provides engineering, procurement, and construction (EPC) industrial infrastructure services, as well as operations and maintenance (O&M) services to customers across India, particularly in the Oil & Gas sector. Headquartered in Agartala, Tripura, the company began its operations as a project management consultancy.
Oval Projects Engineering specializes in upstream, midstream, and downstream facility development activities within the Oil and Gas sector. Their services include the construction of processing plants, pipeline laying, horizontal directional drilling, terminal stations, City Gas Distribution (CGD) work, and O&M of PNG services. Additionally, the company provides O&M services for captive power plants, further enhancing its portfolio in related EPC projects.
Over the years, Oval Projects Engineering has completed more than 30 projects in the oil and gas sector and special projects vertical, amounting to approximately INR 203.63 crore. As of 9 April 2025, the company has over 30 ongoing projects in these sectors, valued at approximately INR 453 crore, indicating a robust order book.
As of 31 March 2025, the company has 123 on-roll employees.
Promoters of Oval Projects Engineering – Mr. Goutam Debnath
Table of Contents
Oval Projects Engineering IPO Details
| Oval Projects IPO Dates | 28 August – 1 September 2025 |
| Oval Projects Issue Price | INR 80 – 85 per share |
| Fresh Issue | 54,99,200 shares (INR 43.99 – 46.74 crore) |
| Offer For Sale | Nil |
| Total IPO Size | 54,99,200 shares (INR 43.99 – 46.74 crore) |
| Minimum Bid | 3,200 shares (INR 2,72,000) |
| Lot Size | 1,600 shares (INR 1,36,000) |
| Face Value | INR 10 per share |
| Individual Allocation | 35% |
| Listing On | BSE SME |
Oval Projects Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 59.02 | 77.97 | 102.29 |
| Expenses | 59.72 | 72.05 | 90.42 |
| Net income | 3.19 | 4.40 | 9.33 |
Oval Projects Offer News
- Oval Projects RHP
- Oval Projects Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2025
Oval Projects Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 2.84 | 6.37 | 6.65 |
| PE ratio | – | – | 12.03 – 12.78 |
| RONW (%) | 19.71 | 17.12 | 20.85 |
| NAV | 14.40 | 37.22 | 31.89 |
| ROCE (%) | 17.70 | 17.75 | 21.32 |
| EBITDA (%) | 5.86 | 12.69 | 17.68 |
| Debt/Equity | – | – | – |
Oval Projects IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 28 August 2025 | 8 | – | 10,000 |
| 27 August 2025 | 8 | – | 10,000 |
| 26 August 2025 | 8 | – | 10,000 |
Oval Projects IPO Subscription – Live Updates
| Category | QIB | NII | Individual | Total |
|---|---|---|---|---|
| Shares Offered | 6,24,000 | 14,40,000 | 21,95,200 | 42,59,200 |
| 1 Sep 2025 | 6.21 | 1.04 | 0.83 | 1.69 |
| 29 Aug 2025 | 2.88 | 0.50 | 0.33 | 0.76 |
| 28 Aug 2025 | 2.88 | 0.31 | 0.13 | 0.59 |
The market maker reservation portion of 3,04,000 shares and the anchor investor portion of 9,36,000 shares are not included in the above calculations.
Oval Projects IPO Allotment Status
Oval Projects IPO allotment status is now available on MAS Services’ website. Click on this link to get the allotment status.
Oval Projects IPO Dates & Listing Performance
| IPO Opening Date | 28 August 2025 |
| IPO Closing Date | 1 September 2025 |
| Finalization of Basis of Allotment | 2 September 2025 |
| Initiation of refunds | 3 September 2025 |
| Transfer of shares to demat accounts | 3 September 2025 |
| IPO Listing Date | 4 September 2025 |
| Opening Price on BSE SME | INR 85.25 per share (up 0.29%) |
| Closing Price on BSE SME | INR 85.10 per share (up 0.12%) |
Oval Projects Offer Lead Manager
SMC CAPITALS LIMITED
A- 401/402, Lotus Corporate Park, Off Western
Express Highway, Jai Coach Junction, Goregaon
(East), Mumbai – 400063 Maharashtra, India
Phone: 022 – 66481818
Email: [email protected]
Website: www.smccapitals.com
Oval Projects Offer Registrar
MAS SERVICES LIMITED
T-34, 2nd Floor, Okhla Industrial Area,
Phase-II New Delhi- 110 020
Telephone: +91 112 638 7281/83, 114 132 0335
E-mail: [email protected]
Website: www.masserv.com
Oval Projects Contact Details
OVAL PROJECTS ENGINEERING LIMITED
House No. 451568, Milan Chakra,
(Near Prajapita Brahmakumari Center), Badharghat,
P.O. A.D. Nagar, Agartala, West Tripura, Tripura- 799003
Phone: +91 70850 49473
E-mail: [email protected]
Website: www.ovalprojects.com
IPO FAQs
What is the Oval Projects Engineering IPO size?
Oval Projects’ offer size is INR 43.99 – 46.74 crores.
What is the Oval Projects’ offer price band?
Oval Projects’ public offer price is INR 80 – 85 per share.
What is the lot size of the Oval Projects IPO?
Oval Projects offer lot size is 1,600 shares.
What is Oval Projects IPO GMP today?
Oval Projects IPO GMP today is INR 8 per share.
What is the Oval Projects kostak rate today?
Oval Projects kostak rate today is INR NA per application.
What is Oval Projects IPO Subject to Sauda rate today?
Oval Projects Subject to Sauda rate today is INR 10,000 per application.