Oval Projects Engineering Ltd IPO

LISTED

SME

NSE • Lot Size: 1600 • Infrastructure Developers & Operators

Issue₹85

→

Listed₹85.25+0%

→

Now₹67.2-20.9%

↓20.9%

*Last updated on 11 Jan 2026

Price Band

₹80 - ₹85

Lot Size

1600

Issue Size

₹46.74 Cr

GMP

N/A

Subscription

1.61x

Analyzing...

IPO Schedule

Open

28 Aug 2025

1 Sept 2025

Allotment

2 Sept 2025

Listing

4 Sept 2025

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.

Key Strengths

Strong financial performance indicated by high ROE of 20.85%.
Reasonable valuation with a P/E ratio of 13.91, suggesting potential for growth.
Experience in the growing infrastructure sector, particularly water and wastewater management.
Established relationships with clients, providing repeat business opportunities.
Experienced management team with a proven track record in project execution.

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.

Valuation Analysis

The IPO appears reasonably priced given its P/E ratio and ROE, suggesting potential upside; however, investors should consider the risks associated with SME IPOs and the company's specific industry.