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Home/IPO/Ravita Engineering Services IPO
Updated: 19-Oct 10:37
Ravita Engineering Services

Ravita Engineering Services IPO

ClosedNSE SME

Listing at: NSE SME • Office No. 202 2nd FloorMayuresh Square, Plot No. 17Sector 15 CBD BelapurThane, Maharashtra, 400614

Allotment status Declaration not confirmed

Disclaimer: GMP values change dynamically. This data is strictly for educational purposes only and not an investment advice.

Live GMP Today
₹7 (6.25%)
Rating:2/5
Est. Listing Price
₹119
Est. Gain: +6.3%
Est. Profit / Lot
₹8,400
Per Retail Application
Price Band
₹112
Face Value: ₹5
Min. Retail Inv.
₹1,34,400
Lot: 1200 Shares
Total Subscription
7.11x
Anchor: Yes

Ravita Engineering Services IPO GMP History

Genuine daily snapshots retained by the WeeStox backend

Disclaimer: GMP values change dynamically. This data is strictly for educational purposes only and not an investment advice.

GMP dateIPO priceGMPPremiumEst. profit / lotSubscriptionMovement
19 Oct 2026₹112+₹76.25%+₹8,4007.11x↑ Up
18 Oct 2026₹112+₹4.54.02%+₹5,4007.11x↑ Up
17 Oct 2026₹112+₹32.68%+₹3,6007.11x↑ Up
16 Oct 2026₹112+₹21.79%+₹2,4007.11xFlat
15 Oct 2026₹112+₹21.79%+₹2,4001.7x↓ Down
14 Oct 2026₹112+₹76.25%+₹8,4001.14x↑ Up
13 Oct 2026₹112+₹21.79%+₹2,400-Flat

Explore the complete GMP movement

Open the chart and all available daily records.

Ravita Engineering Services IPO Details

IPO Date14 Oct 2026 to 16 Oct 2026
Listing AtNSE SME
Face Value₹5 per share
Price Band₹112
Lot Size1200 Shares
Total Issue Size₹116.05 Cr(₹1,255.57 Cr)
Fresh Issue104.00L shares (₹110 Cr)
Offer for Sale (OFS)Nil
Issue TypeSME Issue

Ravita Engineering Services IPO Timetable

IPO Open Date14 Oct 2026
IPO Close Date16 Oct 2026
Basis of Allotment19 Oct 2026
Initiation of Refunds21 Oct 2026
Credit of Shares to Demat21 Oct 2026
Listing Date22 Oct 2026
Cut-off time for UPI Mandate5 PM on 16 Oct 2026
Employee Discount₹20.00/share (Up to 52,083 shares)

Ravita Engineering Services IPO Reservation

CategoryReservationShares Offered
QIB Shares Offered49.98%49,17,600
− Anchor Investor Shares Offered–29,48,400
− QIB (Ex. Anchor) Shares Offered–19,69,200
NII (HNI) Shares Offered15.00%14,76,000
− bNII > ₹10L Shares Offered–9,82,800
− sNII < ₹10L Shares Offered–4,93,200
Retail Shares Offered35.02%34,46,400
Market Maker Shares Offered–5,22,000

Ravita Engineering Services Anchor Details

PDF
Anchor Bid Date13 Oct 2026
Anchor Shares Offered29,48,400 Shares
Total Anchor Portion₹33.02 Cr
Lock-in 50% End Date15 Nov 2026 (30 Days)
Lock-in Rem. 50% Date14 Jan 2027 (90 Days)

Ravita Engineering Services IPO Lot Size

ApplicationLotsSharesAmount (Cut-off)Reserved Applications
Individual investors (IND) (Min)2 Lots Shares₹2,68,800–
Individual investors (IND) (Max)2 Lots Shares₹2,68,800–
S-HNI (Min)3 Lots Shares₹4,03,200–
S-HNI (Max)7 Lots Shares₹9,40,800–
B-HNI (Min)8 Lots Shares₹10,75,200–

Ravita Engineering Services Promoter Holding

Pre-Issue HoldingDisclosed in RHP
Post-Issue HoldingTo be calculated

Ravita Engineering Services IPO Live Subscription Status

Bidding demand breakdown by shares, institutional demand in ₹ Cr, applications & HNI funding cost
Overall Demand:7.11x
03:32 am
Investor CategoryShares OfferedShares BiddedSubscription Times
QIB19,69,20026,12,4001.33x
HNIs19,98,00043,22,4002.16x
bHNI9,82,80036,09,6003.67x
sHNI4,93,2007,12,8001.45x
Individual34,46,40053,01,6001.54x
Total74,13,6001,22,36,4001.65x

Ravita Engineering Services Limited Financial Information (Restated Consolidated in ₹ Crores)

Period EndedAssetsTotal IncomeProfit After TaxEBITDANet WorthTotal Borrowing
30 Jun 2026₹207.34 Cr₹97.45 Cr₹10.13 Cr₹14.04 Cr₹109.69 Cr₹30.88 Cr
31 Mar 2026₹162.97 Cr₹277.82 Cr₹28.04 Cr₹40.05 Cr₹99.56 Cr₹19.21 Cr
31 Mar 2025₹58.24 Cr₹109.30 Cr₹11.83 Cr₹15.65 Cr₹15.13 Cr₹23.11 Cr
31 Mar 2024₹9.08 Cr₹13.53 Cr₹1.51 Cr₹2.86 Cr₹3.30 Cr₹3.52 Cr

Ravita Engineering Services Key Valuation & Financial KPIs

ROE9.68%
ROCE10.60%
Debt / Equity0.28x
P/E (Post IPO)10.42
EBITDA Margin14.42%
Market Cap₹422.0 Cr

Ravita Engineering Services IPO Analysis

Review the company's key advantages and material business risks.

Strengths & Positives

Competitive advantages and operational merits

  • The Company classifies its operations into three verticals: Onshore, covering industrial and commercial facilities; Offshore, covering rigs, platforms and marine installations in Indian territorial waters; and Data Center operations, providing cooling and HVAC maintenance support for mission-critical facilities. It is also executing a niche project involving sub-sea discharge pipelines for an effluent treatment plant for Numaligarh Refinery Limited.

  • Integrated EPIC and O&M Capabilities: The Company offers both EPIC project execution and O&M services, enabling it to serve clients across the full lifecycle of HVAC and electro-mechanical systems. This dual capability strengthens technical know-how and client retention beyond one-time installation work.

  • Balanced Revenue Mix: A combination of short-to-medium tenor EPIC projects and multi-year O&M contracts provides both growth and revenue stability. O&M contracts extending beyond three years support recurring income alongside project-led growth opportunities.

  • Large Scalable Workforce: The Company maintains a large engineering workforce of over 399 employees as of June 30, 2026, enabling rapid mobilisation, multi-site execution and reduced dependence on external manpower for critical project activities.

  • Dependence on Competitive Bidding: A large portion of work orders are secured through competitive bidding, with success rates varying significantly across onshore, offshore and data centre segments. Failure to win bids or delays in execution could adversely affect financial performance and growth prospects.

  • Geographic Concentration: Operations are concentrated in Maharashtra, Gujarat and Indian territorial waters, which together contributed 59.12% of revenue for the quarter ended June 30, 2026, and up to 100% in Fiscal 2024. Adverse developments in these regions could materially affect business.

About Ravita Engineering Services Limited

Ravita Engineering Services IPO is a book build issue of ₹116.05 crores. The issue is entirely a fresh issue of 1.04 crore shares of ₹116.05 crore.Ravita Engineering Services IPO bidding opened for subscription on Oct 14, 2026 and will close on Oct 16, 2026. The allotment for the Ravita Engineering Services IPO is expected to be finalized on Oct 19, 2026. Ravita Engineering Services IPO will list on the NSE SME with a tentative listing date fixed as Oct 22, 2026.Ravita Engineering Services IPO is set issue price band at ₹105 to ₹112 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,68,800 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹4,03,200.Vivro Financial Services Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Pace Stock Broking Services Pvt.Ltd.Refer to Ravita Engineering Services IPO RHP for detailed Information.

Incorporated in December 2007, Ravita Engineering Services Limited is an engineering solutions company engaged in Engineering, Procurement, Installation and Commissioning (EPIC) of HVAC systems, central air-conditioning solutions, air flow systems, chiller plants, industrial compressors, cooling equipment and other electromechanical equipment on a turnkey basis. The Company also provides Operations and Maintenance (O&M) services for projects executed by it and systems installed by third-party solution providers.The Company operates across three areas: Onshore, Offshore and Data Center. Its Onshore operations cover commercial, hospitality, corporate and industrial establishments, while its Offshore operations include rigs, platforms and other offshore marine installations. During the last three fiscal years and the three months ended June 30, 2026, the Company undertook operations at 6 rigs and 16 associated offshore oil and gas platforms. Its Data Center business provides O&M services for cooling systems, chiller plants, HVAC equipment and mechanical utilities, and it has also secured data center infrastructure work orders aggregating ₹12,000.00 lakhs in Maharashtra. As of June 30, 2026, the Company had an order book across its Onshore, Offshore and Data Center operations, comprising EPIC, O&M and Hybrid projects. The Company is led by Vibhoar Agrawal, Chairman and Executive Director, and Sunildutt Narayan Goswami, Managing Director and Chief Executive Officer, supported by its Chief Operating Officer and engineering and execution teams. The Company's revenue from operations increased from ₹1,349.25 lakhs in Fiscal 2024 to ₹27,763.29 lakhs in Fiscal 2026, while EBITDA increased to ₹4,004.92 lakhs and profit after tax stood at ₹2,804.16 lakhs in Fiscal 2026. As of June 30, 2026, the Company had 399 permanent employees, including 369 in site operations. • Multi-site project execution capabilities. • Balanced EPIC and O&M business model. • Large and qualified engineering workforce. • Strong management and domain expertise. • Long-standing relationships with large clients. • Comprehensive electro-mechanical engineering capabilities. • Specialised experience in offshore and data center operations.

Shariah Compliance Screening (AAOIFI Standard 21)

Business ActivityRequires ReviewImpermissible Revenue ≤ 5%
Debt-to-Assets Ratio14.89%Threshold ≤ 33% of Assets
Purification GuidanceStandard 0.5%Donate interest dividend fraction
Auditor Notes: Sector/activity requires manual Shariah verification: /\bhospitality\b/i

Ravita Engineering Services IPO Documents & Reports

Official prospectus, reports and regulatory filings
Document TitleAuthority / HostStatusAction
Red Herring Prospectus (RHP)
Complete offer document filed with ROC & SEBI
SEBI / ROCAvailable View RHP
Draft Red Herring Prospectus (DRHP)
Initial regulatory draft submitted for public comments
SEBI FilingsFiled View DRHP
Anchor Investor Allocation Report
Allotment list to institutional bidders
BSE / NSE CircularDisclosed Anchor PDF
IPO Allotment Status & Basis of Allotment
Registrar query portal via PAN / Application No.
MUFG Intime India Pvt.Ltd.Live Portal Check Allotment
Corporate Website & Investor Relations
Official portal and financial reports
Issuer PortalActive Visit Portal

Ravita Engineering Services IPO Registrar & Lead Managers

Registrar of the Issue
MUFG Intime India Pvt.Ltd.
022-49186000
Book Running Lead Managers (BRLM)
  • Vivro Financial Services Pvt.Ltd.
Registered Office

Office No. 202 2nd FloorMayuresh Square, Plot No. 17Sector 15 CBD BelapurThane, Maharashtra, 400614

Ravita Engineering Services IPO FAQs

What is IPO GMP, and does it guarantee a listing gain?

Grey market premium is an unofficial price indication outside the exchange. It can change quickly and does not guarantee the exchange listing price, liquidity or a profit. Read it alongside the prospectus, valuation, financials and risks.

How do I check Ravita Engineering Services IPO allotment status?

Open the individual IPO report and check its allotment update and registrar details. Confirm your application outcome through the official registrar or exchange service. A scheduled allotment date is not confirmation that allotment has been declared.

What does IPO subscription mean?

Subscription compares shares bid for with shares offered in a category. For example, 2 times subscription means bids for twice the available shares in that category. Retail, institutional and other categories can have different demand; subscription alone does not establish investment quality.

How is an indicative IPO listing price calculated from GMP?

A commonly used illustration adds reported GMP to the issue price, or upper price band before the final price is known. It is a sentiment illustration, not an exchange quote or reliable forecast. Missing GMP should not be interpreted as zero.

Where can I find IPO dates, price bands and lot sizes?

The individual IPO report brings together available issue dates, price bands, lot sizes, subscription and company details. Check the final prospectus and exchange announcements before applying because issue terms can change.