The Ravita Engineering Services IPO is a book-built issue worth ₹116.05 crore, made up entirely of a fresh issue of 1.0362 crore shares, with no offer-for-sale (OFS) component.
The Ravita Engineering Services IPO opens for bidding on Oct 13, 2026 and closes on Oct 15, 2026. Allotment is expected to be finalized on Oct 16, and the shares are expected to list on the NSE SME platform on Oct 21, 2026 (tentative).
The Ravita Engineering Services IPO has a price band of ₹105 to ₹112 per share, with a lot size of 1,200 shares. At the upper price band, retail investors need a minimum of ₹2,68,800 (2 lots, 2,400 shares). HNIs need at least 3 lots (3,600 shares), or ₹4,03,200.
For the Ravita Engineering Services IPO, Vivro Financial Services Pvt. Ltd. is the book running lead manager, and MUFG Intime India Pvt. Ltd. is the registrar to the issue.
| Category | Min Lots | Shares | Amount |
|---|---|---|---|
| Retail (sNII) | 2 | 2400 | ₹2,68,800 |
| HNI / NII | 3 | 3600 | ₹4,03,200 |
| Category | Sub (×) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 13.21× | 19,69,200 | 2,60,12,400 | ₹291.34 Cr |
| NII / HNI (Total) | 7.42× | 14,76,000 | 1,09,51,200 | ₹122.65 Cr |
| Retail Investors | 3.50× | 34,46,400 | 1,20,52,800 | ₹134.99 Cr |
| Market Maker * | 1× | 5,22,000 | 5,22,000 | ₹5.85 Cr |
| Total ** | 7.11× | 68,91,600 | 4,90,16,400 | ₹548.98 Cr |
| Category | Sub (×) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 13.21× | 19,69,200 | 2,60,12,400 | ₹291.34 Cr |
| NII / HNI (Total) | 7.42× | 14,76,000 | 1,09,51,200 | ₹122.65 Cr |
| Retail Investors | 3.50× | 34,46,400 | 1,20,52,800 | ₹134.99 Cr |
| Market Maker * | 1× | 5,22,000 | 5,22,000 | ₹5.85 Cr |
| Total ** | 7.11× | 68,91,600 | 4,90,16,400 | ₹548.98 Cr |
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 277.82 | 109.30 | 13.53 |
| PAT | 28.04 | 11.83 | 1.51 |
| EBITDA | 40.05 | 15.65 | 2.86 |
| Net Worth | 99.56 | 15.13 | 3.30 |
| Total Assets | 162.97 | 58.24 | 9.08 |
| Reserves | 85.90 | 15.03 | 3.20 |
| Borrowings | 19.21 | 23.11 | 3.52 |
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
Ravita Engineering Services Ltd IPO · Expected 19 Oct 2026
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