Oval Projects Engineering IPO Subscription Status – Final Day Update

Oval Projects Engineering IPO closed with an overall subscription of 1.61 times on its last day of bidding, September 1, 2025, till 5:00 PM.

• Qualified Institutional Buyers (QIBs) subscribed 6.21 times.
• Non-Institutional Investors (NII) subscribed 0.82 times.
• Retail Individual Investors (RII) subscribed 0.83 times.

The IPO received bids for 68,75,200 equity shares against the total issue size of 42,59,200 shares, reflecting steady demand led primarily by institutional investors.

Subscription Trend by Day

• Day 1: 0.59x
• Day 2: 0.68x
• Day 3 (Final Day): 1.61x

About Oval Projects Engineering Limited

• Incorporated: 2013
• Business: A leading infrastructure development and EPC solutions provider with operations in Oil & Gas, City Gas Distribution, Urban Development, and Energy sectors.
• Services Offered:
  • Pipeline laying (oil, gas, and city distribution)
  • Processing plants and City Gate Station (CGS) works
  • Operation & Maintenance (O&M) services for power plants
  • Engineering, Procurement, and Construction (EPC) turnkey projects
• Track Record: Successfully completed over 900 km of pipeline installations across India.
• Geographical Reach: Strong presence in Agartala (Tripura) and expanding into multiple states.
• Employees: 123 as of March 31, 2025.

The company has built a reputation for delivering integrated engineering solutions across upstream, midstream, and downstream oil & gas segments, while also diversifying into urban infrastructure and energy projects.

Oval Projects Engineering Financial Performance (₹ in Crores)

YearRevenueNet ProfitNet WorthDebtFY202478.994.4042.129.7FY2025103.449.3354.831.2

• Revenue grew by 31% YoY in FY25.
• Net profit more than doubled, reflecting strong execution and improved margins.
• Net worth increased steadily, supported by earnings retention, while debt levels remain manageable.

Oval Projects Engineering IPO GMP

As of Monday, September 1, 2025, the Grey Market Premium (GMP) for Oval Projects Engineering IPO stood at ₹0. This means the IPO shares were trading at ₹85 (issue price) in the grey market, with no premium or discount.