Oval Projects Engineering IPO Allotment Status: Check Latest GMP, Steps To Verify Status
The bidding window for the Oval Projects Engineering SME IPO was open from August 28, 2025, to September 1, 2025. The basis of allotment will be finalised today, September 2, 2025. Here’s how you can check the IPO allotment status.
Procedure to Check Oval Projects Engineering IPO Allotment Status Online On BSE
- Click here to visit the application status page.
- In Issue Type, “Equity”.
- In Issue Name, select “ Oval Projects Engineering Limited”.
- Enter your “Application No.” or “PAN No.”
- Click on “I am not a robot”.
- Click “Submit”.
IPO Details
Oval Projects Engineering IPO is a book-building issue of ₹46.74 crores, consisting entirely of a fresh issue of 0.55 crore equity shares. The issue price is set at ₹80 to ₹85 per share. The tentative listing on the BSE SME is scheduled for September 4, 2025.
SMC Capitals Limited is the book-running lead manager, and MAS Services Ltd is the registrar for the issue.
Use of Proceeds
The net proceeds from the fresh issue will be used to:
- Meet long-term working capital requirements
- General corporate purposes
Oval Projects Engineering IPO – Overall Subscription Status
(September 1, 2025, end of the day)
|
Category |
Subscription (times) |
|
Qualified Institutional Investors (QIBs) |
6.21 |
|
Non-Institutional Investors (NIIs) |
0.86 |
|
Individual Investors (IND category bidding for 2 Lots) |
0.83 |
|
Total |
1.57 |
Oval Projects Engineering IPO GMP Details
As of September 2, 2025, the Oval Projects Engineering IPO GMP stood at ₹0 per share. The shares are expected to list at par with the issue price of ₹85.
|
Source: InvestorGain Report dated 2 September 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
Oval Projects Engineering Business Overview
Oval Projects Engineering is an infrastructure services company that provides engineering, procurement, and construction (“EPC”) industrial infrastructure services, as well as operations and maintenance (“O&M”) services to clients, primarily in the oil & gas sector.
For FY 2024 and FY 2025, the company’s revenue from operations grew by 32.09% and 31.24%, respectively, from ₹5,902.14 lakhs in FY 2023 to ₹7,796.54 lakhs and ₹10,228.99 lakhs.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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