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Ravita Engineering Services IPO
Price Band
₹105.0–112.0
Issue Size
₹116.05 Cr
Lot Size
1,200 shares
Min Investment
₹268,800
2 LOTS MIN
GMP
—
Issue Price
₹112.0
Ravita Engineering Services IPO AI Summary
- Ravita Engineering Services IPO is upcoming on NSE SME in the Civil Construction sector.
- Price band: ₹105.0–₹112.0 per share, lot size 1,200 shares (min. investment ₹268,800, 2 lots minimum).
- Subscription window: 13 Oct–15 Oct 2026, listing on 21 Oct 2026.
Ravita Engineering Services Ltd. is set to launch its IPO, focusing on its strengths in electro-mechanical engineering and a diverse service offering. The company has shown significant revenue and profit growth in recent periods, and the proceeds from the IPO will support its working capital and capital expenditure needs.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
IPO not open yet
Opens 13 Oct 2026 · in 5 days
Ravita Engineering Services IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
TopFund Score — Listing Data Indicator
GMP not yet available
Subscription not open yet
No anchor allocation for this IPO
Similar IPOs (same sector & type) averaged 43.5% listing gain
A rules-based composite of GMP, subscription demand, anchor participation and comparable-IPO history — each weighted as shown above. Not a statistically validated probability, a guarantee of listing performance, or personalized investment advice.
Limitations: weights are fixed by TopFund, not backtested against outcomes; the "Historical Similar-IPO Performance" factor needs at least 3 comparable past listings and falls back to a broader, less specific cohort when this sector/type doesn't have enough; GMP and subscription data can change daily right up to listing day, so scores shown may already be stale — check the "as of" date above.
About the Company
Ravita Engineering Services Ltd., founded in December 2007, specializes in EPIC contracts for HVAC, central air-conditioning, air flow systems, chillers, compressors, cooling equipment, and other electromechanical systems on a turnkey basis for commercial, industrial, offshore rigs, and platforms. They also offer operation and maintenance services for their projects and third-party systems. The company also engages in the execution of a specialised niche engineering project, viz., laying of sub-sea discharge pipelines for the effluent treatment plant (“ETP”) at Paradeep, Odisha.P”) at Paradeep, Odisha. The company's business operations fall into three areas of expertise, namely, (i) Onshore; (ii) Offshore; and (iii) Data Centre. The company has undertaken its Onshore operations in states like Gujarat, Maharashtra, Odisha and Karnataka. Its offshore operations occur at rigs, platforms, and marine installations in India's territorial waters. The company's Data Centre operations include maintaining cooling systems, chiller plants, HVAC, and utilities to ensure uptime, reliability, and temperature control. They currently serve a large Indian conglomerate at their Navi Mumbai data center. As of December 31, 2025, our order book for Data Center O&M services was ₹ 7,403.63 lakhs. Competitive Strength Comprehensive electro-mechanical engineering capabilities with separate EPIC and O&M service offerings. Balanced revenue mix with short to medium tenor project execution cycle and multi-year O&M contracts Long-standing relationships with large clients supporting repeat business. Management-driven domain expertise and industry relationships. Specialised operational experience in adverse environments and mission‑critical data centres.
Company Financials (₹ Cr)
As of 2026-06-30
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 207.34 | 162.97 | 58.24 | 9.08 |
| Total Income | 97.45 | 277.82 | 109.30 | 13.53 |
| Profit After Tax | 10.13 | 28.04 | 11.83 | 1.51 |
| EBITDA | 14.04 | 40.05 | 15.65 | 2.86 |
| NET Worth | 109.69 | 99.56 | 15.13 | 3.30 |
| Reserves and Surplus | 96.03 | 85.90 | 15.03 | 3.20 |
| Total Borrowing | 30.88 | 19.21 | 23.11 | 3.52 |
Key Ratios
EPS
₹10.26
NAV
₹36.44
ROE
48.90%
ROCE
48.65%
RoNW
48.90%
P/B Value
3.07
P/E Ratio
10.92
Market Cap
₹422.02 Cr
PAT Margin
10.09%
Debt/Equity
0.19
Promoters
Vibhoar Agrawal, Rachita Agrawal, Starwings Realtors Pvt.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To meet long-term working capital requirements of the Company 70.00 2 Funding capital expenditure requirements of our Company towards purchase of certain heavy equipment 25.53 3 General Corporate Purposes Total 95.53
IPO Evaluation
Generated 08 Oct 2026Revenue Trend
Total Income was ₹13.53 Cr in the period ending 31 Mar 2024, rising to ₹109.30 Cr by 31 Mar 2025, and further increasing to ₹208.32 Cr by 31 Dec 2025. This shows a significant upward trend in revenue over the periods.
Profit Trend
Profit After Tax was ₹0.11 Cr in the period ending 31 Mar 2023, increasing to ₹1.51 Cr by 31 Mar 2024, then rising to ₹11.83 Cr by 31 Mar 2025, and further to ₹20.99 Cr by 31 Dec 2025. This indicates a strong growth in profitability over the periods.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial market where shares of an IPO are traded before they are listed on the stock exchange. It indicates the potential listing price of the shares based on demand and supply dynamics in the grey market.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. Factors to consider include the company's growth potential, financial health, and market conditions.
Who May Want to Wait
Investors who prefer low-risk investments or those who are not comfortable with the inherent volatility of IPOs may want to avoid this offering. It's essential to assess one's risk profile before investing.
IPO Timeline, Explained
The IPO process includes several key dates: the opening date for subscription is on 13 October 2026, closing on 15 October 2026. Allotment of shares will be done on 16 October 2026, and the listing date is scheduled for 21 October 2026.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by various factors, including market sentiment and demand for the stock. Investors should be aware that while some IPOs may see significant gains on their first day of trading, others may not perform as expected.
This evaluation is generated from Ravita Engineering Services's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Ravita Engineering Services IPO?
The price band of Ravita Engineering Services IPO is ₹105.0–₹112.0 per share.
When does Ravita Engineering Services IPO open and close?
Ravita Engineering Services IPO opens on 13 October 2026 and closes on 15 October 2026.
When does Ravita Engineering Services IPO list on the stock exchange?
Ravita Engineering Services IPO is scheduled to list on 21 October 2026.
What is the lot size for Ravita Engineering Services IPO?
The lot size for Ravita Engineering Services IPO is 1200 shares, requiring a minimum investment of ₹268,800 (2 lots).
What is the TopFund Listing Data Indicator for Ravita Engineering Services?
Ravita Engineering Services's Listing Data Indicator score is 80/100 (High signal), a weighted composite of GMP strength, subscription demand, anchor investor interest and how similar past IPOs performed on listing. It's a rules-based summary of public market data, not a statistically validated probability, a guarantee, or personalized investment advice.
What is the price band for the IPO?
The price band for the IPO is ₹105.0 to ₹112.0.
What is the minimum investment required?
The minimum investment required is ₹268,800.
What is the lot size for this IPO?
The lot size for this IPO is 1200 shares.
When does the IPO open and close for subscription?
The IPO opens for subscription on 13 October 2026 and closes on 15 October 2026.
When is the listing date for the IPO?
The listing date for the IPO is 21 October 2026.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
13 Oct 2026
Close
15 Oct 2026
Allotment
16 Oct 2026
Listing
21 Oct 2026
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