The Oval Projects Engineering IPO is a fresh SME IPO that has attracted investor attention. With an issue size of ₹46.74 crore, the IPO offers retail and HNI investors an opportunity to subscribe. Market participants are closely tracking its price band, lot size, Grey Market Premium (GMP), subscription status, and allotment details.
This blog covers all essential details about the Oval Projects Engineering IPO GMP including GMP trends, key dates, investment requirements, and listing expectations.
Oval Projects Engineering IPO Overview
IPO Type: SME IPO (Book Built Issue)
Total Issue Size: ₹46.74 crore (entirely fresh issue of 0.55 crore shares)
Face Value: ₹10 per share
Exchange: BSE SME
The IPO will be open for subscription from August 28, 2025, to September 1, 2025. The basis of allotment is expected on September 2, 2025, while the tentative listing date is fixed for September 4, 2025.
Oval Projects Engineering IPO Price Band & Lot Size
Price Band: ₹80 – ₹85 per share
Lot Size: 1,600 shares per lot
Minimum Investment Requirements
Retail Investors: Minimum 2 lots (3,200 shares) = ₹2,72,000 (at upper price)
HNIs: Minimum 3 lots (4,800 shares) = ₹4,08,000
This relatively high entry cost is in line with SME IPO norms and may influence participation from small retail investors.
Oval Projects Engineering IPO GMP (Grey Market Premium) Today
Last Updated: Aug 30, 2025 • 01:34 PM
GMP (Grey Market Premium): ₹0
IPO Price (Cap): ₹85
Estimated Listing Price: ₹85 (Cap Price + GMP)
Expected Listing Gain/Loss: 0%
The Oval Projects Engineering IPO GMP has fluctuated between ₹0 and ₹8 over the last 9 trading sessions. The recent downward trend suggests cautious investor sentiment.
Oval Projects Engineering IPO Important Dates
Event | Date |
IPO Opens | Aug 28, 2025 |
IPO Closes | Sep 1, 2025 |
Basis of Allotment | Sep 2, 2025 |
Refunds | Sep 3, 2025 |
Credit to Demat | Sep 3, 2025 |
Tentative Listing Date | Sep 4, 2025 |
How to Check Oval Projects Engineering IPO Allotment Status
Investors who applied can check Oval Projects Engineering IPO allotment status online once it is released.
Steps to check allotment:
Visit the registrar’s official allotment website.
Select “Oval Projects Engineering IPO” from the dropdown.
Enter your PAN, Application Number, or DP/Client ID.
Click on Submit to view allotment details.
Should You Apply for Oval Projects Engineering IPO?
The Oval Projects Engineering IPO is entirely a fresh issue, ensuring that raised capital will be used for business growth rather than existing shareholder exits.
Strengths:
100% fresh issue, proceeds go towards expansion.
Listing on BSE SME, providing transparency and regulated trading.
Price band is moderate compared to other SME IPOs.
Risks:
High investment requirement of ₹2.72 lakh for retail investors.
GMP showing a downward trend, currently flat at ₹0.
SME IPOs often carry lower liquidity and higher risk.
Verdict: The Oval Projects Engineering IPO has a reasonable issue size but flat GMP and high entry cost may limit short-term listing gains. Investors with long-term focus should study company fundamentals before applying.
Conclusion
The Oval Projects Engineering IPO is a ₹46.74 crore SME IPO that opens on August 28, 2025 and closes on September 1, 2025, with a tentative listing on September 4, 2025. Priced at ₹80–85 per share, the IPO demands a minimum retail investment of ₹2.72 lakh.
Currently, the Oval Projects Engineering IPO GMP is ₹0, showing no premium expectations in the grey market. Investors should evaluate the company’s financials, industry outlook, and risk factors before subscribing.
Oval Projects Engineering IPO – FAQs
Q1. What is the Oval Projects Engineering IPO GMP today?
As of Aug 30, 2025, the GMP is ₹0.
Q2. What is the price band of Oval Projects Engineering IPO?
The price band is set between ₹80 – ₹85 per share.
Q3. What is the minimum investment for retail investors?
Retail investors must apply for at least 2 lots (3,200 shares), requiring ₹2,72,000.
Q4. When will Oval Projects Engineering IPO allotment be declared?
The allotment will be finalized on September 2, 2025.
Q5. When will Oval Projects Engineering IPO list?
The tentative listing date is September 4, 2025, on BSE SME.
Q6. What is the expected listing gain of Oval Projects Engineering IPO?
Currently, there is 0% expected listing gain, based on flat GMP.
Q7. How to check Oval Projects Engineering IPO allotment status?
You can check allotment status on the registrar’s official website using PAN or application number.
Q8. What is the total issue size of Oval Projects Engineering IPO?
The IPO issue size is ₹46.74 crore, entirely a fresh issue.
Q9. Is Oval Projects Engineering IPO good for listing gains?
At present, GMP trends suggest no short-term gains.
Q10. Should I apply for Oval Projects Engineering IPO?
Apply only after reviewing company fundamentals, as GMP is weak and retail investment cost is high.