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15 Days Price Change

Oval Projects Engi. IPO

Closing In

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Profile
Issue Size 38.79 Cr
Profile
Price Range 80  to  85 per share
Profile
Min Investment ₹85
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are primarily an infrastructure services company engaged in the business of providing engineering, procurement and construction (“EPC”) industrial infrastructure services and operations and maintenance (“O&M”) services to our PAN India customers especially in the Oil & Gas sector. Headquartered at Agartala-Tripura, we commenced our business operations as a project management consultancy company. Over the last decade, we have expanded and diversified our business services to EPC, O&M and other infrastructure services and constantly improved our business processes. Read More

Basic Info

Face Value 10 per share

Price 80  to  85 per share

P/E (x) 12.7

Sales( Cr.) 102

PAT( Cr.) 9

EPS 6.7

Draft Prospectus

Exchange BSE-SME

Promoter

Company Promoters

Goutam Debnath

Pre Issue Share Holding 72.19%

Post Issue Share Holding 53.07%

Listing Details:

Listing Price: 85.25

Listing Gain: 0.29%

Current Price: 54.8

Gain On Issue: 54.8 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Aug 28, 2025
Closing Date Sep 01, 2025
Allotment Sep 02, 2025
Refund Sep 03, 2025
Delivery of Shares Sep 03, 2025
Listing Date Sep 04, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 3200 272,000
Retail (Max) -- -- --
S-HNI (Min) 1 3200 272,000
S-HNI (Max) 3 9600 816,000
B-HNI (Min) 4 12800 1,088,000

Objective of the Issue

1. To meet long-term working capital requirements 2. General Corporate Purposes

Issue

Category Nos Bid Bid (x)
QIB 624000 3876800 6.2x
NII 1744000 1491200 0.9x
Retail 2195200 1811200 0.8x
EMP 0 0 0x
Total 4563200 7179200 1.6x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Oval Projects Engi. Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 59 59 78 102
Other Income 0 5 1 1
Total Income 59 64 79 103
Total Expenditure 53 55 68 83
Operating Profit 6 9 11 20
Interest 1 3 3 6
Depreciation 1 1 1 1
Exceptional Income / Expenses -0 0 0 0
Profit Before Tax 4 4 7 13
Provision for Tax 1 1 3 4
Profit After Tax 3 3 4 9
Adjustments 0 0 0 0
Profit After Adjustments 3 3 4 9
Adjusted Earnings Per Share 5.3 5.6 3.2 6.1

Oval Projects Engi. Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 15 18 34 56
Minority's Interest 0 0 0 0
Borrowings 4 7 3 5
Other Non-Current Liabilities 7 1 4 5
Total Current Liabilities 44 56 62 90
Total Liabilities 70 82 104 156
Fixed Assets 5 5 6 5
Other Non-Current Assets 8 14 23 28
Total Current Assets 57 63 74 123
Total Assets 70 82 104 156

Oval Projects Engi. Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 4 4 11 11
Cash Flow from Operating Activities 1 12 -1 -16
Cash Flow from Investing Activities -2 -4 -15 -3
Cash Flow from Financing Activities 1 -1 16 29
Net Cash Inflow / Outflow -0 7 -1 10
Closing Cash & Cash Equivalent 4 11 11 20

Oval Projects Engi. Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 5.27 5.65 3.2 6.11
CEPS(Rs) 7.17 7.31 3.68 6.48
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 25.81 31.46 24.71 36.65
Core EBITDA Margin(%) 10.08 6.32 12.8 18.45
EBIT Margin(%) 8.58 13.38 13.31 19.18
Pre Tax Margin(%) 6.98 7.48 8.89 12.88
PAT Margin (%) 5.01 5.4 5.6 9.12
Cash Profit Margin (%) 6.82 6.99 6.45 9.67
ROA(%) 4.25 4.19 4.71 7.19
ROE(%) 20.4 19.71 16.95 20.8
ROCE(%) 14.02 18.31 17.87 22.32
Receivable days 132.27 122.86 84.43 107.73
Inventory Days 94.46 118.65 147.26 150.68
Payable days 316.49 316.32 185.84 177.24
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.3 0.36 0.45 0.48
EV/Core EBITDA(x) 2.89 2.38 3.21 2.43
Net Sales Growth(%) 0 -0.45 32.1 31.2
EBIT Growth(%) 0 55.19 31.38 89.13
PAT Growth(%) 0 7.2 37.1 113.73
EPS Growth(%) 0 7.2 -43.39 91.23
Debt/Equity(x) 1.49 1.81 0.96 0.96
Current Ratio(x) 1.29 1.12 1.2 1.37
Quick Ratio(x) 0.94 0.71 0.56 0.87
Interest Cover(x) 5.37 2.27 3.01 3.04
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 31% 20% 0% 0%
Operating Profit CAGR 82% 49% 0% 0%
PAT CAGR 125% 44% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 21% 19% 19% 19%
ROCE Average 22% 20% 18% 18%

Company Contact Information

Oval Projects Engineering Ltd.

Nisha Kashyap

+91 7085049473

cs@ovalprojects.com

House No.451568, Milan Chakra Near Prajapita Brahmakumari Centre Badharghat, P. O. A., D. Nagar, West Tripura

IPO Lead Manager(s)

Oval Projects Engineering Ltd.

SMC Capitals Ltd

Registrar Info

Oval Projects Engineering Ltd.

MAS Services Ltd

T-34, 2nd Floor, Okhla Industrial Area, Phase - II, New Delhi - 110020

011-26387281/82/83

011-26387384

https://www.masserv.com

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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