
Oval Projects Engineering Ltd IPO
NSELot: 1600Infrastructure Developers & Operators
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
| Category | Day 3 | Day 2 | Day 1 |
|---|---|---|---|
| QIB | 6.21x | 2.88x | 2.88x |
| NII | 0.82x | 0.29x | 0.31x |
| Retail | 0.83x | 0.31x | 0.13x |
| Total | 1.61x | 0.68x | 0.59x |
Risk Factors
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.