Oval Projects Engineering IPO will open on August 28, 2025, and close on September 1, 2025. It is a Book Built Issue, aiming to raise about 46.74 crores, which includes a fresh issue of 46.74 crores and an offer for sale of up to 1600 equity shares with a face value of 10 each.

The IPO price band is set between 80 and 85 per share. The quota distribution is 35 percent for retail investors, 50 percent for QIBs, and 15 percent for NIIs. The IPO is scheduled to list on BSE on September 4, 2025, and the allotment date is September 2, 2025.

For the financials, the company reported a revenue of 103.44 crores in 2025, up from 78.99 crores in 2024. Its profit also grew from 4.40 crores in 2024 to 9.33 crores in 2025. Based on these financials, investors are advised to consider this IPO for the long term.

About Oval Projects Engineering IPO

Oval Projects Engineering Limited, founded in 2013, is a leading infrastructure development company operating in the Oil and Gas, City Gas Distribution, Urban Development, and Energy sectors across India. The company provides services such as pipeline laying, processing plants, CGS work, and operation and maintenance services for power plants and EPC projects.

The company offers engineering turnkey solutions across upstream, midstream, and downstream segments, with a strong presence in areas like Agartala, Tripura, and other parts of India. So far, it has completed over 900 km of pipeline installations and is engaged in various projects in the Oil and Gas and Power sectors. As of March 31, 2025, the company has 123 employees.