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Ravita Engineering Services Limited

SMEopenNSE SME
13 Oct 2026 – 15 Oct 2026
—LEFT
Offer Price
₹105–112
Bid lot
1200
Min Application
₹2,68,800
Issue Size
₹116 Cr

Key dates

Open date
13 Oct 2026
Done
Close date
15 Oct 2026
Today
Basis of allotment
16 Oct 2026
Tomorrow
Initiation of refunds
16 Oct 2026
Tomorrow
Credit to demat
16 Oct 2026
Tomorrow
Listing date
21 Oct 2026
in 6 days

Issue reservation

₹116 Cr
QIB 47.46%9.48%Retail 33.26%5.04%
QIB
49.2 L sh · ₹55.05 Cr
47.46%
HNI (10L+)
9.8 L sh · ₹11.00 Cr
9.48%
HNI (2-10L)
4.9 L sh · ₹5.52 Cr
4.76%
Retail
34.5 L sh · ₹38.58 Cr
33.26%
Market maker
5.2 L sh · ₹5.85 Cr
5.04%
Applications required for 1× subscription
Retail (≤₹2L)
1,436 forms
S-HNI (₹2–10L)
137 forms
B-HNI (>₹10L)
102 forms
From this issue's reservation split and lot size — the minimum bid each category can place.
BRLM: Vivro Financial Services Private Limited

Lot ladder — how much to bid

1 lot = 1200 shares
Individual · up to ₹2 L2+ lots
Min · 2 lots
2,400 sh · ₹2,68,800
Entry point
₹2,68,800 onward
sHNI · ₹2 L to ₹10 L3+ lots
Min · 3 lots
3,600 sh · ₹4,03,200
Entry point
₹4,03,200 onward
bHNI · Above ₹10 L8+ lots
Min · 8 lots
9,600 sh · ₹10,75,200
Entry point
₹10,75,200 onward

Issue details

Lead managersVivro Financial Services Private Limited
Fresh issue1,03,62,000 sh · ₹116 Cr
Face value₹10
Listing onNSE Emerge
RegistrarMUFG Intime India Pvt.Ltd.
Live subscription
Live nowUpdated 15 Oct 2026
1.63×
0×1×2×3×+
Fully subscribed
Book₹77.19 Cr
Subscribed₹125.83 Cr
Applications2,615

Share-wise

by category
CategoryBook SizeSubscriptionNo. of Times
QIB (Ex. Anchor)
19,69,200₹22.06 Cr
26,12,400₹29.26 Cr
1.33×
HNI
14,76,000₹16.53 Cr
38,29,200₹42.89 Cr
2.59×
HNI (10L+)
9,82,800₹11.01 Cr
32,59,200₹36.50 Cr
3.32×
HNI (2-10L)
4,93,200₹5.52 Cr
5,70,000₹6.38 Cr
1.16×
Retail
34,46,400₹38.60 Cr
47,92,800₹53.68 Cr
1.39×
Total
68,91,600₹77.19 Cr
1,12,34,400₹125.83 Cr
1.63×

*QIB Book Size EXCLUDES the anchor portion of 29,48,400 shares, from the actual anchor allotment.

Application-wise

CategoryReq 1×TotalTimes
HNI (10L+)1021561.53×
HNI (2-10L)1371561.14×
Retail1,4361,9971.39×

Total applications: 2,309

Subscription Demand

in ₹ crore
CategoryApplied
QIB29.26
Others29.26
HNI42.89
HNI (10L+)36.50
HNI (2-10L)6.38
Retail53.68
Total125.83

Amounts at the upper band (₹112). Times figures are computed from the shares this page shows so Book × Times = Subscribed always cross-checks.

Grey-market sentiment
No grey-market data yet.
Financials

Particulars

FY26

FY25

FY24

Assets

162.97

58.24

9.08

Total Income

277.82

109.3

13.53

PAT

28.04

11.83

1.51

Net Worth

99.56

15.13

3.3

Reserves & Surplus

85.9

15.03

3.2

Total Borrowings

19.21

23.11

3.52

Objects of the issue
  • Working Capital: ₹70.00 crore to meet project execution and material procurement requirements.

  • Capital Expenditure: ₹25.53 crore for heavy machinery and equipment to support project execution.

  • General Corporate Purposes: Remaining net proceeds for general operations and corporate needs.

About the company

Incorporated in December 2007, Ravita Engineering Services Limited is an engineering solutions company specializing in the turnkey execution of HVAC systems, air-conditioning solutions, chiller plants, industrial compressors and other electromechanical equipment. The Company also provides Operations and Maintenance (O&M) services for projects executed by it and systems installed by third parties.

The Company operates across three segments: Onshore, Offshore and Data Center, serving commercial, hospitality, corporate, industrial, oil and gas, and data center infrastructure clients. During the last three fiscal years and the three months ended June 30, 2026, it undertook operations at six rigs and 16 associated offshore oil and gas platforms. It also secured data center infrastructure work orders worth ₹12,000.00 lakhs in Maharashtra.

As of June 30, 2026, the Company had an order book comprising EPIC, O&M and Hybrid projects across its three business segments. Its revenue from operations increased from ₹1,349.25 lakhs in Fiscal 2024 to ₹27,763.29 lakhs in Fiscal 2026, with EBITDA of ₹4,004.92 lakhs and profit after tax of ₹2,804.16 lakhs in Fiscal 2026. The Company had 399 permanent employees, including 369 deployed at project sites, as of June 30, 2026.

Company strengths

  • Strong multi-site project execution capabilities.

  • Balanced EPIC and O&M business model.

  • Skilled and qualified engineering workforce.

  • Experienced management team with strong domain expertise.

  • Long-standing relationships with established clients.

  • Comprehensive electro-mechanical engineering capabilities.

  • Specialized expertise in offshore and data center operations.

Promoters

Vibhoar AgrawalRachita AgrawalStarwings Realtors Private Limited

Registered office & contact

Ravita Engineering Services Limited

Address - Office No. 202 2nd Floor

Mayuresh Square, Plot No. 17

Sector 15 CBD Belapur

Thane, Maharashtra, 400614

📞 +91-9136446482

✉️ cs@ravita.co.in

Documents

Filed with SEBI / the exchange by the issuer. Opens on the issuer's or the regulator's site.

How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the Ravita Engineering Services Limited IPO?

One lot of 1200 shares — ₹2,68,800 at the upper price band of ₹112.

How many bids can I place?

Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.

When are the funds debited?

Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.

When will the shares list?

Tentative listing on 2026-10-21 on NSE SME.

₹105–112
Bidding opens soon.