Ravita Engineering Services
Price band ₹105–112 · Issue ₹116.05 Cr
Market attention score 35.7 (how ranked)
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Capital required
Approximate retail outlay for Ravita Engineering Services at the issue price band (lot × lots).
Est. capital
₹1,26,000 – ₹1,34,400
Lot size 1,200 · up to ₹112/share
Prefer smaller tickets before listing? Explore unlisted & pre-IPO shares.
Opens
13 Oct 2026
Closes
15 Oct 2026
Allotment
16 Oct 2026
Listing
21 Oct 2026
Lot size
1,200
GMP
+10.71%
Overview
Ravita Engineering Services IPO is a book build issue of ₹116.05 crores. The issue is entirely a fresh issue of 1.04 crore shares of ₹116.05 crore.
Ravita Engineering Services IPO opens for subscription on Oct 13, 2026 and closes on Oct 15, 2026. The allotment for the Ravita Engineering Services IPO is expected to be finalized on Oct 16, 2026. Ravita Engineering Services IPO will list on the NSE SME with a tentative listing date fixed as Oct 21, 2026.
Ravita Engineering Services IPO is set issue price band at ₹105 to ₹112 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,68,800 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹4,03,200.
Vivro Financial Services Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Pace Stock Broking Services Pvt.Ltd.
Refer to Ravita Engineering Services IPO RHP for detailed Information.
Issue details
IPO Date
13 to 15 Oct, 2026
Listing Date
Wed, Oct 21, 2026
Face Value
₹5 per share
Price Band
₹105 to ₹112
Lot Size
1,200 Shares
Sale Type
Fresh capital only
Issue Type
Bookbuilding IPO
Listing At
NSE SME
Lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | ₹2,68,800 |
| Individual investors (IND) (Max) | 2 | 2400 | ₹2,68,800 |
| S-HNI (Min) | 3 | 3600 | ₹4,03,200 |
| S-HNI (Max) | 7 | 8400 | ₹9,40,800 |
| B-HNI (Min) | 8 | 9600 | ₹10,75,200 |
Issue reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50 % of the Net Issue |
| Retail | Not less than 35.00% of the Net Issue |
| NII | Not less than 15.00% of the Net Issue |
About the company
Incorporated in December 2007, Ravita Engineering Services Limited is an engineering solutions company engaged in Engineering, Procurement, Installation and Commissioning (EPIC) of HVAC systems, central air-conditioning solutions, air flow systems, chiller plants, industrial compressors, cooling equipment and other electromechanical equipment on a turnkey basis. The Company also provides Operations and Maintenance (O&M) services for projects executed by it and systems installed by third-party solution providers.The Company operates across three areas: Onshore, Offshore and Data Center. Its Onshore operations cover commercial, hospitality, corporate and industrial establishments, while its Offshore operations include rigs, platforms and other offshore marine installations.
During the last three fiscal years and the three months ended June 30, 2026, the Company undertook operations at 6 rigs and 16 associated offshore oil and gas platforms. Its Data Center business provides O&M services for cooling systems, chiller plants, HVAC equipment and mechanical utilities, and it has also secured data center infrastructure work orders aggregating ₹12,000.00 lakhs in Maharashtra.
As of June 30, 2026, the Company had an order book across its Onshore, Offshore and Data Center operations, comprising EPIC, O&M and Hybrid projects. The Company is led by Vibhoar Agrawal, Chairman and Executive Director, and Sunildutt Narayan Goswami, Managing Director and Chief Executive Officer, supported by its Chief Operating Officer and engineering and execution teams.
The Company's revenue from operations increased from ₹1,349.25 lakhs in Fiscal 2024 to ₹27,763.29 lakhs in Fiscal 2026, while EBITDA increased to ₹4,004.92 lakhs and profit after tax stood at ₹2,804.16 lakhs in Fiscal 2026.
As of June 30, 2026, the Company had 399 permanent employees, including 369 in site operations.
- Multi-site project execution capabilities.
- Balanced EPIC and O&M business model.
- Large and qualified engineering workforce.
- Strong management and domain expertise.
- Long-standing relationships with large clients.
- Comprehensive electro-mechanical engineering capabilities.
- Specialised experience in offshore and data center operations.
Financials
| Metric | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 207.34 | 162.97 | 58.24 | 9.08 |
| Total Income | 97.45 | 277.82 | 109.30 | 13.53 |
| Profit After Tax | 10.13 | 28.04 | 11.83 | 1.51 |
| EBITDA | 14.04 | 40.05 | 15.65 | 2.86 |
| NET Worth | 109.69 | 99.56 | 15.13 | 3.30 |
| Reserves and Surplus | 96.03 | 85.90 | 15.03 | 3.20 |
| Total Borrowing | 30.88 | 19.21 | 23.11 | 3.52 |
Amounts in ₹ Crore (restated)
Key performance indicators
| KPI | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| ROE | 9.68% | 48.90% |
| ROCE | 10.60% | 48.65% |
| Debt/Equity | 0.28 | 0.19 |
| RoNW | 9.68% | 48.90% |
| PAT Margin | 10.40% | 10.09% |
| EBITDA Margin | 14.42% | 14.43% |
| NAV | 40.15 | 36.44 |
| P/B (x) | 2.79 | 3.07 |
Valuation
Valuation Metric
Pre IPO
EPS (₹)
10.26
P/E (x)
10.92
Market Cap at Offer Price
₹305.97 Cr.
Objects of the issue
- To meet long-term working capital requirements of the Company
- Funding capital expenditure requirements of our Company towards purchase of certain heavy equipment
- General Corporate Purposes
Intermediaries
Registrar
MUFG Intime India Pvt.Ltd.
Lead manager(s)
Vivro Financial Services Pvt.Ltd.
FAQs
How to apply in Ravita Engineering Services IPO through Zerodha?+
Zerodha customers can apply online in Ravita Engineering Services IPO using UPI as a payment gateway. Zerodha customers can apply in Ravita Engineering Services IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Ravita Engineering Services IPO through Zerodha Visit the Zerodha website and login to Console. Go to Portfolio and click the IPOs link. Go to the ' Ravita Engineering Services IPO ' row and click the 'Bid' button. Enter your UPI ID, Quantity, and Price. Submit IPO application form. Visit the UPI App (net banking or BHIM ) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.
When Ravita Engineering Services IPO will open?+
The Ravita Engineering Services IPO opens on Tue, Oct 13, 2026 and closes on Thu, Oct 15, 2026.
What is the lot size of Ravita Engineering Services IPO?+
Ravita Engineering Services IPO lot size is 1200 , and the minimum amount required for application is ₹2,68,800 , with 2 lots being the minimum application size .
How to apply for Ravita Engineering Services IPO?+
You can apply in Ravita Engineering Services IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha , Upstox , 5Paisa , Nuvama , HDFC Bank , and SBI Bank .
When is Ravita Engineering Services IPO allotment?+
The finalization of Basis of Allotment for Ravita Engineering Services IPO will be done on Friday, October 16, 2026 , and the allotted shares will be credited to your demat account by Mon, Oct 19, 2026 . Check the Ravita Engineering Services IPO allotment status .
When is Ravita Engineering Services IPO listing date ?+
The Ravita Engineering Services IPO listing date is not yet announced. The tentative date of listing is Wed, Oct 21, 2026 .
Aggregated from public IPO filings. GMP is unofficial grey-market chatter, not advice.