Oval Projects Engineering IPO will be open for subscription on Thursday, Aug 28, 2025 and close on Monday, Sep.1, 2025. The issue is a book building type and will be listing on BSE SME. The listing date of the Oval Projects IPO is 4th September, 2025 (tentatively).
Oval Projects IPO Prospectus
Oval Projects IPO Details
| IPO Date | 28-08-2025 to 01-09-2025 |
| Issue Type | Bookbuilding |
| Listing at | BSE SME |
| Issue Price Range | Rs. 80 to 85 per share |
| Lot Size | 1600 |
| Total Issue Size | Rs. 46.74 crores |
| Sale Type | Fresh Capital |
| Reserved for Market Maker | 3 lakh shares (aggregating up to Rs. 2.58 crores) |
| Fresh Issue | 51 lakh shares (aggregating up to Rs.44.16 crores) |
| Tentative Allotment | 2nd September, 2025 |
| Refund Initiation | 3rd September, 2025 |
| Credit to Demat Account | 3rd September, 2025 |
| Tentative Listing Date | 4th September, 2025 |
Price Band & Lot Size
Oval Projects Engineering IPO price is set at Rs. 80- Rs. 85 per equity share. The lot size is fixed at 1600 for an application. Based on the upper end price, the minimum amount of investment for a retail investor is Rs. 2,72,000 (2 lots) and for High Networth Individuals it is Rs. 4,08,000 (3 lots).
Oval Projects IPO Reservation
The issue size of the Oval Projects IPO is approx. 55 lakh shares, of which:
- 15 lakh shares (28.37% ) are reserved for QIB
- 14 lakh shares (26.19%) are allocated to NII
- 22 lakh shares (29.92%) are allocated to RII
Lead Manager & Registrar
The lead manager of Oval Project Engineering IPO is SMC Capitals Ltd., while MAS Service Pvt. Ltd. is the registrar. SMC Global Securities Ltd. is the market maker of the company.
GMP of Oval Projects IPO
According to investorgain.com, the GMP of Oval Projects IPO is Rs. 8 as of 26 August, 2025.
Oval Projects IPO Subscription Status
Oval Projects IPO was subscribed 0.59x on Day 1. By Day 2, the total subscription was 0.68x.
About Oval Projects Engineering
Oval Projects Engineering Ltd. was found in 2013 in Tripura, Agartala. The company facilitates infrastructure projects for City Gas Distribution, Onshore Oil & Gas & Energy Industries.
The company has laid a total of 969 km pipelines and has an order book worth of Rs. 450 crores.
Disclaimer: The information shared on this blog is collected from publicly available online sources and is intended for educational and informational purposes only. It should not be construed as financial, investment, or legal advice. Readers are encouraged to conduct their own research.