
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
Overall Subscription
2.46x
Total Demand
QIB Multiplier
6.21x
Institutions & Funds
NII / HNI
3.33x
High Net-Worth
Retail (RII)
0.83x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 624,000 | 3,876,800 | 6.21x |
| NIB | 1,440,000 | 4,800,000 | 3.33x |
| HNIs(10L +) | 960,000 | 4,725,000 | 4.92x |
| HNIs (2-10L) | 480,000 | 228,800 | 0.48x |
| RETAIL | 2,195,200 | 1,811,200 | 0.83x |
| Total | 5,699,200 | 15,441,800 | 2.46x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 2 | 0.00x |
| NIB | — | 548 | 0.00x |
| RETAIL | 686 | 810 | 1.18x |
| HNIs(10L +) | 200 | 525 | 2.63x |
| HNIs (2-10L) | 100 | 39 | 0.39x |
| Total Applications | 986 | 1,924 | 1.95x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Currently, Oval Projects Engineering Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹80 to ₹85 per equity share.
The retail lot size is 1600 shares requiring a minimum application amount of ₹1,36,000. Expected listing price is ₹85 per equity share.
The Oval Projects Engineering Limited IPO aggregate issue size is ₹46.74 Crores with an equity price band set at ₹80 to ₹85 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,36,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 2.46x (Retail: 0.83x, QIB: 6.21x, NII: 3.33x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Mas Services Limited) and the BSE status verification website on or around 2025-09-02. Investors can verify status using PAN card or application number.
Oval Projects Engineering Limited shares are scheduled to list on BSE on 2025-09-04.