Oval Projects Engineering Ltd Logo

Oval Projects Engineering Ltd IPO

NSELot: 1600

LISTEDSME
Issue Price85
Listing85.25
Current61.3
Price Band
80 - ₹85
Lot Size
1,600
Issue Size
₹46.74 Cr
GMP
0
Subscription
0.59x

IPO Schedule

1
Open
28 Aug
2
Close
1 Sept
3
Allotment
2 Sept
4
Listing
4 Sept

About Oval Projects Engineering Ltd

Oval Projects Engineering Ltd is an SME focused on providing engineering, procurement, and construction (EPC) services. They specialize in executing projects related to infrastructure development, particularly in the water and wastewater management sectors.

Subscription Status

QIB
2.88x
NII
0.31x
Retail
0.13x
CategoryDay 3Day 2Day 1
QIB6.21x2.88x2.88x
NII0.82x0.29x0.31x
Retail0.83x0.31x0.13x
Total1.61x0.68x0.59x

Risk Factors

SME IPOs are inherently more volatile and carry higher risk compared to mainboard IPOs.
Dependence on specific sectors (water and wastewater) makes the company vulnerable to sector-specific downturns and regulatory changes.
Intense competition in the EPC sector could impact profitability and project acquisition.

Promoters & Management

The key management team includes: Goutam Debnath (Chairman and Managing Director), Sneha Banik (Whole-time Director), Princee Premchand Gupta (Chief Financial Officer), and Nisha Kashyap (Company Secretary and Compliance Officer). Goutam Debnath has over 15 years of experience in the engineering industry. Himangshu Mahawar is a Non-Executive Non-Independent Director. Khitish Kumar Nayak and Tarun Malik are Non-Executive Independent Directors. Desh Raj Singh is a Manager – NCR Projects Department. Rajen Saha is the head of Mechanical Department. Subrata Bhowmik is the Manager of Pipeline Department. The Board of Directors has been constituted in compliance with the Companies Act, 2013, the SEBI Listing Regulations and in accordance with best practices in corporate governance. The Board of Directors functions either as a full board, or through various committees constituted to oversee specific functions.