Oval Projects Engineering
BSE SMEClosed
BSE SMEClosed
IPO Timeline
Issue open date
28 Aug 2025Issue close date
1 Sep 2025UPI mandate deadline
1 Sep 2025Allotment finalization
2 Sep 2025Refund initiation
3 Sep 2025Share credit
3 Sep 2025Listing date
4 Sep 2025Mandate end date
16 Sep 2025Lock-in end date for anchor investors (50%)
2 Oct 2025Lock-in end date for anchor investors (remaining)
1 Dec 2025Grey Market Premium Trend
₹8
Current GMP
₹93
Est. Listing Price
9.4%
Est. Listing Gain
₹80 - ₹85
Price Band
GMP History
| Date | GMP (₹) | Est. Listing Price (₹) | Est. Listing Gain |
|---|---|---|---|
| 27 Aug | ₹8 | ₹93 | 9.41% |
| 26 Aug | ₹8 | ₹93 | 9.41% |
| 25 Aug | ₹8 | ₹93 | 9.41% |
| 24 Aug | ₹8 | ₹93 | 9.41% |
| 23 Aug | ₹0 | ₹85 | 0.00% |
| 22 Aug | ₹0 | ₹85 | 0.00% |
| 21 Aug | ₹0 | ₹85 | 0.00% |
Key Dates
Open
28 Aug 2025Close
1 Sep 2025Listing
4 Sep 2025Quick Stats
Issue Size:46cr
Lot Size:1600 shares
Issue Details
Issue Size:46cr
Face Value:₹10
Listing At:BSE SME
Reservation
50%
QIB
15%
NII
35%
Retail
Additional Resources
About the Company
Oval Projects Engineering is engaged in providing engineering, procurement, and construction (EPC) services for water supply projects, sewerage systems, and related civil works. The company undertakes design, execution, and commissioning of turnkey infrastructure projects, primarily serving government and municipal clients. Its operations include construction of water treatment plants, overhead tanks, pipelines, and distribution networks. The company emphasises timely execution, quality assurance, and adherence to regulatory standards.
Strengths
- Proven track record in executing water infrastructure projects.
- End-to-end EPC capabilities from design to commissioning.
- Experienced management team with sector-specific expertise.
- Established relationships with government and municipal bodies.
- Focus on quality, compliance, and timely project delivery.
Risks
- High dependence on government contracts and tender pipelines.
- Competitive bidding may pressure margins and profitability.
- Project delays could result in penalties or cost overruns.
- Revenue concentrated in a limited geographic region.
- Working capital requirements may strain financial resources.
Oval Projects Engineering IPO – Frequently Asked Questions
- The price band for the Oval Projects Engineering IPO is set at ₹80 to ₹85 per share.
- The Oval Projects Engineering IPO opens on August 28, 2025 and closes on September 1, 2025.
- The tentative listing date for the Oval Projects Engineering IPO is September 4, 2025.
- You can apply for the Oval Projects Engineering IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Oval Projects Engineering, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Oval Projects Engineering IPO is 1600 shares. Investors must apply for at least one lot (i.e., 1600 shares).