Oval Projects Engineering Limited, based in Agartala, Tripura, specializes in EPC (engineering, procurement and construction) services, especially water supply and sewerage infrastructure. It has experience in turnkey execution and maintenance services primarily for government and municipal clients. The company has launched the Oval project IPO on the SME platform to raise funds for growth and working capital requirements.
IPO Details
- Type of Issue: Fresh issue under the SME IPO category
- Issue Size: Around ₹46.74 crore (approximately 54.99 lakh shares)
- Price Band: ₹80 to ₹85 per share
- Lot Size: 1,600 shares per lot—minimum retail application costs around ₹1.36 lakh
- Use of Funds: Mostly for working capital; remaining for general corporate purposes
Timeline and Subscription Snapshot
| Event | Date |
|---|---|
| IPO Opens | 28 August 2025 |
| IPO Closes | 1 September 2025 |
| Allotment Finalization | 2 September 2025 |
| Refunds & Share Credit | 3 September 2025 |
| Listing Date | 4 September 2025 |
Subscription Overview (as of 1 Sep 2025)
- Qualified Institutional Buyers (QIB): ~6.21×
- Retail Individual Investors (RII): ~0.83×
- Non-Institutional Investors (NII): ~0.86×
- Total Subscription: ~1.57×
How to Check Oval Projects Engineering IPO Allotment Status
Once the basis of allotment is finalized (on 2 September 2025), here’s how you can check your status:
1. Via the Registrar’s Website (MAS Services Ltd)
- Visit the MAS Services Limited website.
- Navigate to the “IPO Allotment Status” section.
- Select “Oval Projects Engineering Ltd” from the list.
- Enter any one of the following:
- PAN number
- Application number
- Demat Client ID / DP ID
- Click Submit to view your allotment outcome.
2. Through the BSE Portal
- Go to the BSE IPO allotment page.
- Choose the correct issue type and select “Oval Projects Engineering.”
- Enter your IPO Application Number and PAN.
- Click Search to check your status.
3. Via Your Broker’s Platform
- Log in to your broker’s dashboard (Zerodha, Groww, Upstox, etc.).
- Visit the IPO section post-allotment.
- See if shares have been credited to your Demat account.
Registrar Contact Details: MAS Services Limited
If you face any issues checking your allotment, you can reach out to the IPO registrar directly:
- Registered Office & Head Office Address:
MAS Services Limited
T-34, IInd Floor, Okhla Industrial Area, Phase II, New Delhi – 110020 - General Phone: +91-11-2638-7281 / 82 / 83
- Compliance Officer (Mr. Sharwan Mangla): Ph: +91-11-4132-0335
- Email (General Enquiries): info@masserv.com
- Email (Investor Grievances): investor@masserv.com
Conclusion
Oval Projects Engineering IPO is live on SME platform, raising around ₹46.74 crore in the price band of ₹80-₹85 per share. Institutional demand remained strong, while retail and non-institutional subscriptions were moderate. The basis of allotment will be declared on September 2, 2025, refunds and share credits on September 3 and listing on September 4, 2025.
Investors can check the allotment through the Registrar Portal, BSE or their broker’s platform. For any assistance, MAS Services Limited is available at the contact details given above. for more visit the chittorgarhipo.
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