Ravita Engineering Services
LISTEDIPO Date: 13 Oct - 15 Oct 2026
Listing Date: 21 Oct 2026
Price Range
₹105 to ₹112
Issue Size
116 Cr
Min Investment
₹2,52,000
2 lots minimum (SEBI rule for SME)
Min Application
2400 Shares
1200 per lot × 2
Schedule of Ravita Engineering Services
Issue open date
13 Oct 2026
Issue close date
15 Oct 2026
UPI mandate deadline
15 Oct 2026 (5 PM)
Allotment finalization
16 Oct 2026
Share credit
19 Oct 2026
Listing date
21 Oct 2026
Mandate end date
30 Oct 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 116 Cr |
| Fresh Issue | 1.04 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 16 Oct 2026 |
| Allotment Link | {Link} |
Grey Market Premium
NewGrey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 21 Oct 2026Latest | ₹112 | ₹1 | ₹113(+0.89%) |
| 20 Oct 2026 | ₹112 | ₹2 | ₹114(+1.79%) |
| 19 Oct 2026 | ₹112 | ₹5 | ₹117(+4.46%) |
| 18 Oct 2026 | ₹112 | ₹5 | ₹117(+4.02%) |
| 17 Oct 2026 | ₹112 | ₹3 | ₹115(+2.68%) |
| 16 Oct 2026 | ₹112 | ₹2 | ₹114(+1.79%) |
| 15 Oct 2026 | ₹112 | ₹2 | ₹114(+1.79%) |
| 14 Oct 2026 | ₹112 | ₹7 | ₹119(+6.25%) |
| 13 Oct 2026 | ₹112 | ₹2 | ₹114(+1.79%) |
| 12 Oct 2026 | ₹112 | ₹4 | ₹116(+3.57%) |
| 11 Oct 2026 | ₹112 | ₹10 | ₹122(+8.93%) |
| 10 Oct 2026 | ₹112 | ₹12 | ₹124(+10.71%) |
| 9 Oct 2026 | ₹112 | ₹0 | ₹112(0%) |
| 8 Oct 2026 | ₹112 | ₹0 | ₹112(0%) |
Performance Ravita Engineering Services
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹105 to ₹112 | .... | ₹ 110.65 | -1.21% |
About Ravita Engineering Services
Ravita Engineering Services Limited is an engineering solutions company incorporated in 2007, specializing in HVAC and allied electro-mechanical systems. It undertakes turnkey Engineering, Procurement, Installation and Commissioning (EPIC) projects along with long-term Operations & Maintenance (O&M) services. The company serves onshore, offshore and data-centre environments and provides solutions including HVAC systems, chillers, cooling equipment, automation and related infrastructure. Its operations are primarily focused in India, with projects for industrial, infrastructure, offshore and commercial clients.
| Founded in | 2007 |
| Managing director | Sunildutt Narayan Goswami |
| Parent organization |
Financial Overview
Strengths
4- 1
Diversified business segments – Presence across onshore, offshore and data-centre projects reduces dependence on a single end-market and gives the company exposure to multiple industrial applications.
- 2
Integrated EPIC + O&M model – The company can execute projects from engineering and procurement through installation and commissioning, and subsequently provide O&M services. This creates opportunities for recurring revenue from projects already executed.
- 3
Exposure to high-demand infrastructure sectors – Its HVAC and cooling solutions are relevant to data centres, industrial facilities, offshore installations, refineries and other infrastructure where reliable temperature-control systems are critical.
- 4
Established project execution experience – The company has undertaken projects involving organisations and facilities such as ONGC, Jio World Centre and data-centre infrastructure, demonstrating experience across different project environments.
Risks
4- 1
Tender and competitive bidding dependence – A significant portion of the business is obtained through competitive tenders and bidding, which can create pressure on pricing, margins and order acquisition.
- 2
Project execution risk – EPIC projects involve multiple stages, suppliers, equipment and installation activities. Delays, cost overruns, supply-chain issues or execution problems could affect profitability and cash flows.
- 3
Third-party equipment dependence – The company relies on third-party OEMs for critical hardware and equipment. Disruptions in availability, pricing or delivery schedules could affect project execution.
- 4
Geographical concentration – A significant portion of its current project execution is concentrated in western India, particularly Maharashtra and Gujarat, which creates regional concentration risk.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 13.21 |
| Non-Institutional Investors (NIIs) | 7.42 |
| Retail Individual Investors (RIIs) | 3.5 |
| Employee | N/A |
| Total | 7.11 |