
Infrastructure & Construction · BSE
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.
Price Band
₹80 – ₹85
Issue Size
₹46.74 Cr
Lot Size
1600 shares
GMP
Est. Listing
₹85
at current GMP
Subscribed
2.46x
overall
Open
28 Aug 2025
Close
1 Sep 2025
Allotment
2 Sep 2025
Refund
3 Sep 2025
Demat Credit
4 Sep 2025
Listing
4 Sep 2025
Designated Registrar: Mas Services Limited
Allotment Date
2 Sep 2025
Basis finalization
Refunds Initiate
3 Sep 2025
Mandate release
Demat Credit
4 Sep 2025
Shares in demat
Listing Debut
4 Sep 2025
Trading begins
Oval Projects Engineering Limited is bringing an initial public offering (IPO) in the Infrastructure & Construction sector with an aggregate issue size of ₹46.74 Crores. The shares are offered at a price band of ₹80 to ₹85 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1600 shares (approx. ₹1,36,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Mas Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-09-04, while un-allotted funds or UPI block mandates will be released on 2025-09-03.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.