Ravita Engineering Services opened its initial public offering (IPO) on October 14, 2026, inviting investors to subscribe until October 16. The company aims to raise ₹116.05 crore through the fresh issuance of 1.04 crore shares, with no offer for sale (OFS) component involved.
- The IPO price band is set between ₹105 and ₹112 per share.
- Each lot consists of 1,200 shares, and individual investors must apply for at least two lots.
- The funds will support capital expenditures, including purchasing heavy equipment and meeting long-term working capital needs.
- Shares will be listed on the NSE SME platform.
- Anchor investors contributed ₹33.02 crore before the IPO launch.
What is the purpose of Ravita Engineering Services' IPO?
The company plans to use the money raised from the IPO primarily for capital expenditure, such as buying heavy equipment, as well as for long-term working capital and general corporate purposes. This infusion of funds is expected to support the company’s growth and operational needs.
What are the key details of the IPO subscription?
The IPO opened on October 14 and will close on October 16, 2026. Investors can subscribe to shares priced between ₹105 and ₹112. Each lot contains 1,200 shares, and individual investors must apply for a minimum of two lots, meaning at least 2,400 shares per application. The subscription status for the first day is typically available after 10 a.m. following the opening day.
Who are the anchor investors involved in the IPO?
Before the IPO, Ravita Engineering Services secured ₹33.02 crore from anchor investors. These include 360 One Prime, Finavenue, Navbharat, Kingsman Wealth Fund, New India Vision Fund, and Smart Horizon Opportunity Fund. Anchor investors help provide confidence and stability to the IPO process.
What does Ravita Engineering Services do?
Ravita Engineering Services Ltd specializes in engineering solutions. The company is involved in engineering, procurement, installation, and commissioning of chiller plants, flow systems, cooling equipment, industrial compressors, and other electromechanical equipment. These services are provided on a turnkey basis to commercial and industrial clients.
Who manages the IPO process?
Vivro Financial Services is the sole book-running lead manager for the IPO, responsible for managing the subscription and allotment process. MUFG Intime India serves as the registrar, handling investor records and share allotment.
Frequently Asked Questions
Q: When does the Ravita Engineering Services IPO close?
A: The IPO closes on October 16, 2026.
Q: What is the price band for the IPO?
A: The price band is set between ₹105 and ₹112 per share.
Q: How many shares are in one lot?
A: One lot consists of 1,200 shares.
Q: Where will the shares be listed?
A: The shares will be listed on the NSE SME platform.
Q: What is the purpose of the funds raised through the IPO?
A: The funds will be used for capital expenditure, including purchasing heavy equipment, long-term working capital, and general corporate purposes.
