Ravita Engineering Services is launching its initial public offering (IPO) on October 13, 2026, with the issue closing on October 15. The company aims to raise ₹116.05 crore through a fresh issue of 1,03,62,000 equity shares. This IPO does not include any offer for sale (OFS) component, making it solely a fresh issue. The price band for the shares is set between ₹105 and ₹112 per share.
- The IPO opens on October 13 and closes on October 15, 2026.
- Price band is ₹105 to ₹112 per share.
- Minimum application size is 1,200 shares.
- 50% of shares are reserved for qualified institutional buyers.
- 35% reserved for retail investors; 15% for non-institutional investors.
- Shares will be listed on the NSE SME platform.
What is the purpose of Ravita Engineering Services' IPO?
The funds raised from this fresh issue will be used to meet the company's long-term working capital requirements. Additionally, the proceeds will support capital expenditure, especially for purchasing heavy equipment. The company also plans to use the funds for general corporate purposes. Ravita Engineering Services expects that listing its shares will enhance its visibility and brand image among current and potential customers, while also creating a public market for its equity shares.
Who can apply for the Ravita Engineering Services IPO and what is the lot size?
Individual investors can apply for the IPO with a minimum lot size of 1,200 shares. Applications can be made in multiples of this lot size. The company has allocated 50% of the net offer to qualified institutional buyers, 35% to retail investors, and 15% to non-institutional investors. This allocation ensures a balanced participation from different investor categories.
Where will Ravita Engineering Services' shares be listed?
The shares of Ravita Engineering Services will be listed on the National Stock Exchange (NSE) SME platform. The SME platform is designed to help small and medium enterprises raise capital and gain visibility in the market. Vivro Financial Services is acting as the book-running lead manager for this issue, while MUFG Intime India is the registrar responsible for managing the IPO process.
What does Ravita Engineering Services do?
Ravita Engineering Services specializes in providing engineering solutions. The company is involved in engineering, procurement, installation, and commissioning of flow systems, industrial compressors, chiller plants, cooling equipment, and other related electromechanical equipment. These services are offered on a turnkey basis to various commercial and industrial establishments.
In addition to project execution, the company offers comprehensive operation and maintenance services. These services cover projects executed by Ravita Engineering Services as well as systems installed by third-party providers. The company organizes its business operations into three main areas: onshore, offshore, and data centre services.
Frequently Asked Questions
Q: What is the price band for Ravita Engineering Services IPO?
A: The price band is set between ₹105 and ₹112 per share.
Q: When does the Ravita Engineering Services IPO open and close?
A: The IPO opens on October 13, 2026, and closes on October 15, 2026.
Q: What is the minimum lot size for applying to the IPO?
A: The minimum application size is 1,200 shares.
Q: On which stock exchange will the shares be listed?
A: The shares will be listed on the NSE SME platform.
Q: How will the company use the funds raised from the IPO?
A: The funds will be used for long-term working capital, capital expenditure for heavy equipment, and general corporate purposes.
