Oval Projects Engineering IPO Date, Price, GMP, Subscription and other details

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 DRHP
Oval Projects IPO RHP

Oval Projects IPO Details

IPO Date28-08-2025 to 01-09-2025
Issue TypeBookbuilding
Listing atBSE SME
Issue Price RangeRs. 80 to 85 per share
Lot Size1600
Total Issue SizeRs. 46.74 crores
Sale TypeFresh Capital
Reserved for Market Maker3 lakh shares (aggregating up to Rs. 2.58 crores)
Fresh Issue51 lakh shares (aggregating up to Rs.44.16 crores)
Tentative Allotment2nd September, 2025
Refund Initiation3rd September, 2025
Credit to Demat Account3rd September, 2025
Tentative Listing Date4th 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.

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