Ravita Engineering Services IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Oct 14 to Oct 16 2026
Price Band
₹105 - 112
Current GMP
₹112.0 (0.0%)
Subscription
7.11 times
IPO Details
| IPO Date | 14 to 16 Oct, 2026 |
| Listed on | Thu, Oct 22, 2026 |
| Face Value | ₹ 5 per share |
| Price Band | ₹105 to ₹112 |
| Issue Price | ₹112 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 1,03,62,000 shares (agg. up to ₹ 116 Cr) |
| Reserved for Market Maker | 5,22,000 shares (agg. up to ₹ 6 Cr) Pace Stock Broking Services Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 98,40,000 shares (agg. up to ₹ 110 Cr) |
| Net Offered to Public | 98,40,000 shares (agg. up to ₹ 110 Cr) |
| Share Holding Pre Issue | 2,73,18,682 shares |
| Share Holding Post Issue | 3,76,80,682 shares |
| NSE Symbol | RAVITA |
| ISIN | INE1UEL01023 |
IPO Date
14 to 16 Oct, 2026
Listed on
Thu, Oct 22, 2026
Face Value
₹ 5 per share
Price Band
₹105 to ₹112
Issue Price
₹112 per share
Lot Size
1,200 Shares
Sale Type
Fresh capital only
Issue Type
Bookbuilding IPO
Listing At
NSE SME
Total Issue Size
1,03,62,000 shares (agg. up to ₹ 116 Cr)
Reserved for Market Maker
5,22,000 shares (agg. up to ₹ 6 Cr) Pace Stock Broking Services Pvt.Ltd.
Fresh Issue (Ex Market Maker)
98,40,000 shares (agg. up to ₹ 110 Cr)
Net Offered to Public
98,40,000 shares (agg. up to ₹ 110 Cr)
Share Holding Pre Issue
2,73,18,682 shares
Share Holding Post Issue
3,76,80,682 shares
NSE Symbol
RAVITA
ISIN
INE1UEL01023
IPO Subscription Details
| Anchor | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 13.21 |
| NII*** | 7.42 |
| bNII (> ₹10L) | 9.11 |
| sNII (< ₹10L) | 4.06 |
| Individual Investors | 3.50 |
| Total ** | 7.11 |
Anchor
1
Market Maker
1
QIB (Ex Anchor)
13.21
NII***
7.42
bNII (> ₹10L)
9.11
sNII (< ₹10L)
4.06
Individual Investors
3.50
Total **
7.11
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Oct 1 4 (Day 1) | 1.05 | 1.69 | 2.18 | 0.70 | 0.95 | 1.14 |
| Oct 1 5 (Day 2) | 1.33 | 2.57 | 3.14 | 1.44 | 1.53 | 1.70 |
| Oct 1 6 (Day 3) | 13.21 | 7.42 | 9.11 | 4.06 | 3.50 | 7.11 |
DayOct 1
4 (Day 1)
QIB (Ex Anchor)1.05
NII*1.69
NII (> ₹10L)2.18
NII (< ₹10L)0.70
Individual Investors0.95
Total1.14
DayOct 1
5 (Day 2)
QIB (Ex Anchor)1.33
NII*2.57
NII (> ₹10L)3.14
NII (< ₹10L)1.44
Individual Investors1.53
Total1.70
DayOct 1
6 (Day 3)
QIB (Ex Anchor)13.21
NII*7.42
NII (> ₹10L)9.11
NII (< ₹10L)4.06
Individual Investors3.50
Total7.11
Day Wise GMP
| GMP Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 22-10-2026 | 112 | 1 (0.89%) | 113 |
| 21-10-2026 | 112 | 1 (0.89%) | 113 |
| 20-10-2026 | 112 | 2 (1.79%) | 114 |
| 19-10-2026 | 112 | 5 (4.46%) | 117 |
| 18-10-2026 | 112 | 4.5 (4.02%) | 116.5 |
| 17-10-2026 | 112 | 3 (2.68%) | 115 |
| 16-10-2026 | 112 | 2 (1.79%) | 114 |
| 15-10-2026 | 112 | 2 (1.79%) | 114 |
| 14-10-2026 | 112 | 7 (6.25%) | 119 |
| 13-10-2026 | 112 | 2 (1.79%) | 114 |
| 12-10-2026 | 112 | 4 (3.57%) | 116 |
| 11-10-2026 | 112 | 10 (8.93%) | 122 |
| 10-10-2026 | 112 | 12 (10.71%) | 124 |
GMP Date22-10-2026
IPO Price112
GMP1 (0.89%)
Est. Listing Price113
GMP Date21-10-2026
IPO Price112
GMP1 (0.89%)
Est. Listing Price113
GMP Date20-10-2026
IPO Price112
GMP2 (1.79%)
Est. Listing Price114
GMP Date19-10-2026
IPO Price112
GMP5 (4.46%)
Est. Listing Price117
GMP Date18-10-2026
IPO Price112
GMP4.5 (4.02%)
Est. Listing Price116.5
GMP Date17-10-2026
IPO Price112
GMP3 (2.68%)
Est. Listing Price115
GMP Date16-10-2026
IPO Price112
GMP2 (1.79%)
Est. Listing Price114
GMP Date15-10-2026
IPO Price112
GMP2 (1.79%)
Est. Listing Price114
GMP Date14-10-2026
IPO Price112
GMP7 (6.25%)
Est. Listing Price119
GMP Date13-10-2026
IPO Price112
GMP2 (1.79%)
Est. Listing Price114
GMP Date12-10-2026
IPO Price112
GMP4 (3.57%)
Est. Listing Price116
GMP Date11-10-2026
IPO Price112
GMP10 (8.93%)
Est. Listing Price122
GMP Date10-10-2026
IPO Price112
GMP12 (10.71%)
Est. Listing Price124
IPO Important Dates
| IPO Open | Wed, Oct 14, 2026 |
| IPO Close | Fri, Oct 16, 2026 |
| Allotment | Mon, Oct 19, 2026 |
| Refund | Wed, Oct 21, 2026 |
| Credit of Shares | Wed, Oct 21, 2026 |
| Listing | Thu, Oct 22, 2026 |
IPO Open
Wed, Oct 14, 2026
IPO Close
Fri, Oct 16, 2026
Allotment
Mon, Oct 19, 2026
Refund
Wed, Oct 21, 2026
Credit of Shares
Wed, Oct 21, 2026
Listing
Thu, Oct 22, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | ₹2,68,800 |
| Individual investors (IND) (Max) | 2 | 2400 | ₹2,68,800 |
| S-HNI (Min) | 3 | 3600 | ₹4,03,200 |
| S-HNI (Max) | 7 | 8400 | ₹9,40,800 |
| B-HNI (Min) | 8 | 9600 | ₹10,75,200 |
ApplicationIndividual investors (IND) (Min)
Lots2
Shares2400
Amount₹2,68,800
ApplicationIndividual investors (IND) (Max)
Lots2
Shares2400
Amount₹2,68,800
ApplicationS-HNI (Min)
Lots3
Shares3600
Amount₹4,03,200
ApplicationS-HNI (Max)
Lots7
Shares8400
Amount₹9,40,800
ApplicationB-HNI (Min)
Lots8
Shares9600
Amount₹10,75,200
Financial Information
| 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 |
Period EndedAssets
30 Jun 2026207.34
31 Mar 2026162.97
31 Mar 202558.24
31 Mar 20249.08
Period EndedTotal Income
30 Jun 202697.45
31 Mar 2026277.82
31 Mar 2025109.30
31 Mar 202413.53
Period EndedProfit After Tax
30 Jun 202610.13
31 Mar 202628.04
31 Mar 202511.83
31 Mar 20241.51
Period EndedEBITDA
30 Jun 202614.04
31 Mar 202640.05
31 Mar 202515.65
31 Mar 20242.86
Period EndedNET Worth
30 Jun 2026109.69
31 Mar 202699.56
31 Mar 202515.13
31 Mar 20243.30
Period EndedReserves and Surplus
30 Jun 202696.03
31 Mar 202685.90
31 Mar 202515.03
31 Mar 20243.20
Period EndedTotal Borrowing
30 Jun 202630.88
31 Mar 202619.21
31 Mar 202523.11
31 Mar 20243.52
Key Performance Indicator
| ROE | 9.68% |
| ROCE | 10.60% |
| Debt/Equity | 0.28 |
| RoNW | 9.68% |
| PAT Margin | 10.40% |
| EBITDA Margin | 14.42% |
| NAV | 40.15 |
| P/B (x) | 2.79 |
ROE
9.68%
ROCE
10.60%
Debt/Equity
0.28
RoNW
9.68%
PAT Margin
10.40%
EBITDA Margin
14.42%
NAV
40.15
P/B (x)
2.79
IPO Reservation
| QIB | 49,17,600 |
| − Anchor Investor | 29,48,400 |
| − QIB (Ex. Anchor) | 19,69,200 |
| NII (HNI) | 14,76,000 |
| − bNII > ₹10L | 9,82,800 |
| − sNII < ₹10L | 4,93,200 |
| Retail | 34,46,400 |
| Market Maker | 5,22,000 |
| Total | 1,03,62,000 |
QIB
49,17,600
− Anchor Investor
29,48,400
− QIB (Ex. Anchor)
19,69,200
NII (HNI)
14,76,000
− bNII > ₹10L
9,82,800
− sNII < ₹10L
4,93,200
Retail
34,46,400
Market Maker
5,22,000
Total
1,03,62,000
Information about company
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.
Competitive Strengths
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
#: Issue Objects
1: To meet long-term working capital requirements of the Company
2: Funding capital expenditure requirements of our Company towards purchase of certain heavy equipment
3: General Corporate Purposes
4: Issue Expenses
: Total
Disclaimer
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