Initial public offer of up to 54,99,200 equity shares of face value of Rs. 10/- each ("Equity Shares") of Oval Projects Engineering Limited ("the Company" or the "Issuer") for cash, at a price of Rs. 85 per equity share (including a share premium of Rs. 75 per equity share) ("Issue Price") aggregating upto Rs. 46.74 crores ("Issue") out of which 3,04,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 85 per equity share for cash, aggregating
Rs. 2.58 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of 51,95,200 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 85 per equity share for cash, aggregating upto Rs. 44.16 crores is herein after referred to as the "Net Issue". The issue and net issue will constitute [*]% and [*]%, respectively of the post-issue paid-up equity share capital of the company.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
28-Aug-2025
01-Sep-2025
₹ 85.00
₹ 0.00
Minimum Application for shares in Nos : 3200.0
Further Multiples of : 1600.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
0.00
SMC Capitals Ltd
Project Financed through Current Offer
46.74
Post Issue Equity Share Capital
20.77
Issue Price
₹85.00
Projects
Utilization towards long-term working capital requirements of the company