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Oval Projects Engineering

Incorporated in 2013, Oval Projects Engineering Limited is an infrastructure development company engaged in the Oil & Gas, City Gas Distribution, Urban Development, and Energy sectors across India. It operates across upstream, midstream, and downstream activities in the Oil and Gas industry, offering services such as pipeline laying, processing plants, CGS work, and O&M services for power plants and EPC projects. With turnkey solutions spanning the entire value chain, the company has established a strong presence in regions like Agartala, Tripura, and various other locations nationwide. Over the years, it has successfully executed more than 900 km of pipeline installations and continues to deliver diverse projects in both the Oil & Gas and Power sectors. Its business segments include Oil & Gas Infrastructure, which covers the design and execution of gas processing plants, oil and petrochemical storage terminals, pipeline construction, and distribution infrastructure; Oil and Gas Operation and Maintenance, which provides services to CGD companies and public sector entities for pipeline repairs, scheduled shutdowns, power plant management, and CNG station operations; and Special Infrastructure Projects, where the company leverages its expertise in civil infrastructure gained from oil and gas projects to execute technical infrastructure initiatives funded by the government, World Bank, and ADB. As of March 31, 2025, the company employed 123 people on its rolls.

₹80 - ₹852.46x sub
Listed Price₹85.25
Listing Gain+0.29%

IPO Schedule & Timeline

Bookbuilding IPO
Open28 Aug 2025
Close01 Sep 2025
Allotment02 Sep 2025
Listing04 Sep 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Anchor9,36,000 shares
17.02%
QIB6,24,000 shares
11.35%
HNI14,40,000 shares
26.19%
Retail21,95,200 shares
39.92%
Market Maker3,04,000 shares
5.53%

Minimum Application Lots

Retail2 Lots (3,200 shares)
₹2,72,000
sHNI3 Lots (4,800 shares)
₹4,08,000
bHNI8 Lots (12,800 shares)
₹10,88,000

Company Promoters

Goutam Debnath

Company Background

Incorporated in 2013, Oval Projects Engineering Limited is an infrastructure development company engaged in the Oil & Gas, City Gas Distribution, Urban Development, and Energy sectors across India. It operates across upstream, midstream, and downstream activities in the Oil and Gas industry, offering services such as pipeline laying, processing plants, CGS w...

Lead Managers & Bankers

No lead manager records available.

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-25)₹103.44 Cr
Growth+61.4%
Revenue Trend (₹ in Crores)
0.039.779.3119.0Mar-23Mar-24Mar-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-25103.449.33156.2353.70
Mar-2478.994.40103.8032.41
Mar-2364.093.1982.2532.21

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Mar-256.650%21.32%13.9118.92
Mar-246.370%17.75%00
Mar-232.840%17.70%00

Peer Comparison & Valuation

Financial Performance

Oval Projects Engineering Limited

NAV/Share (₹)31.89
RONW(%)20.85
EPS (Basic) (₹)6.65

Likhitha Infrastructure Limited

NAV/Share (₹)5.40
RONW(%)18.52
EPS (Basic) (₹)17.57

Konstelec Engineers Limited **

NAV/Share (₹)20.30
RONW(%)4.93
EPS (Basic) (₹)3.14

Valuation

Oval Projects Engineering Limited

P/E(X)NA
CMP* (₹)NA
Face value (₹)10.00

Likhitha Infrastructure Limited

P/E(X)15.34
CMP* (₹)269.55
Face value (₹)5.00

Konstelec Engineers Limited **

P/E(X)19.39
CMP* (₹)60.90
Face value (₹)10.00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Mas Services Limited

Allotment Finalized
Allotment Date
02 Sep 2025
Official Status
Out / Finalized
Registrar
Mas Services Limited
Listing Date
04 Sep 2025

Official Allotment Verification Links

Official Registrar Portal
Mas Services Limited

Direct allotment verification on the official registrar portal appointed for Oval Projects Engineering. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization02 Sep 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date04 Sep 2025Trading commences on exchange

How to Check Oval Projects Engineering Allotment Online

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3Enter Details

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4View Allocation

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Prospectus & Official Filings

Allotment FAQs & Help

About Oval Projects Engineering IPO

Complete issue overview for Oval Projects Engineering (OVAL) IPO. The issue features an equity share price band of ₹80 – ₹85 per share with a minimum retail lot size of 1600 Shares (minimum application amount of ₹1,36,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions