Archive · 4 Sep 2025
Oval Projects Engineering IPO Opens Flat on BSE SME
Oval Projects Engineering, an infrastructure services company, launched its IPO.
The IPO was open for bidding from August 28 to September 1, with the allotment finalized on September 2.
The shares started trading on the BSE SME platform on September 4.
The IPO was slightly oversubscribed, with a total subscription of 1.61 times.
The shares opened at ₹85.25, a little higher than the issue price of ₹85.
The company plans to use the funds raised for working capital needs and general corporate purposes.
The company provides services to customers, especially in the Oil & Gas sector.
Oval Projects Engineering listed on the BSE SME platform on September 4.
The share price opened at ₹85.25, slightly above the IPO price of ₹85.
The IPO was subscribed 1.61 times overall.
The IPO raised ₹47 crore.
Funds will be used for working capital and general corporate purposes.
- Who
- Oval Projects Engineering
- What
- IPO Listing
- When
- September 4
- Where
- BSE SME
- Why
- To raise funds for working capital and corporate purposes
- Company
- Oval Projects Engineering
- Exchange
- BSE SME
- Opening Price
- ₹85.25
- Issue Price
- ₹85
- IPO Subscription
- 1.61 times
- IPO Size
- ₹47 crore
- Use of Funds
- Working capital, corporate purposes
Sources
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