31 Mar 2023
Assets82.25
Total Income64.09
EBITDA3.46
Profit After Tax3.19
NET Worth17.75
Reserves and Surplus17.68
Total Borrowing32.21
At a glance
Updated 2026-09-11The shares listed at ₹85.25, a 0.29% move from the issue price. Oval Projects Engineering is a SME IPO with an issue size of ₹46.74 crore, proposed for listing on BSE SME. The offer opens on 28th Aug 2025 and closes on 1st Sep 2025. The issue structure includes a fresh issue of ₹44.16 crore. The current listing schedule points to 4th Sep 2025.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹46.74 Cr
Fresh issue₹44.16 Cr
Face value₹10
Price band₹80.00–₹85.00
Allotment2nd Sep 2025
Listing4th Sep 2025
Listing performance
Full performance ↗Issue price₹85.00
Listing price₹85.25
Current price—
Listing gain0.29%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper price0.00%
Est. listing₹85.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens28th Aug 2025
Closes1st Sep 2025
Allotment2nd Sep 2025
Refund3rd Sep 2025
Demat3rd Sep 2025
Listing4th Sep 2025
Subscription demand
Full bidding ↗Total1.61×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 3200 | ₹272,000 |
Company
Incorporated2013
Use of proceeds
| Object | Amount |
|---|---|
| Utilization towards long-term working capital requirements of the Company | ₹37.03 Cr |
| General Corporate Purposes | ₹3.94 Cr |
| Issue Expenses | ₹5.78 Cr |
| Total | ₹46.74 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue103.44₹ Cr · +31.0% vs prior year
EBITDA18.08₹ Cr · +82.8% vs prior year
PAT9.33₹ Cr · +112.0% vs prior year
Assets156.23₹ Cr · +50.5% vs prior year
Net Worth55.88₹ Cr · +66.0% vs prior year
Borrowing53.70₹ Cr · +65.7% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets103.80
Total Income78.99
EBITDA9.89
Profit After Tax4.40
NET Worth33.67
Reserves and Surplus20.00
Total Borrowing32.41
31 Mar 2025
Assets156.23
Total Income103.44
EBITDA18.08
Profit After Tax9.33
NET Worth55.88
Reserves and Surplus40.61
Total Borrowing53.70
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 20.85% |
| ROCE | 21.32% |
| RoNW | 20.85% |
| PAT Margin | 9.12% |
| EBITDA Margin | 17.68% |
| Price to Book Value | 2.67 |
Valuation & shareholding
Pre-IPO EPS6.11
Post-IPO EPS4.49
Pre-IPO P/E13.91
Post-IPO P/E18.92
Promoter holding pre72.19%
Promoter holding post53.07%
Market cap₹176.54 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Oval Projects Engineering IPO | — | 18.92 x | — | — |
| Leapfrog Engineering IPO | — | 17.24 x | — | — |
| Safety Controls IPO | — | 15.51 x | — | — |
| Greenleaf Envirotech IPO | — | 17.17 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Utilization towards long-term working capital requirements of the Company | ₹37.03 Cr |
| General Corporate Purposes | ₹3.94 Cr |
| Issue Expenses | ₹5.78 Cr |
| Total | ₹46.74 Cr |
Registrar & lead managers
Registrar
MAS Services Ltd.Lead managers
- SMC Capitals Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-11.
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