Ravita Engineering Services IPO is a book-built SME offering valued at ₹116.05 crore, consisting entirely of fresh issue of 1.04 crore equity shares. Investors can subscribe to the public issue starting October 13, 2026, with the bidding window closing on 15- October-2026. The share allotment process is expected to be completed by 16- October-2026, followed by a provisional listing date of 21-October-2026 on the NSE SME platform.
The price band of the IPO has been fixed at ₹105 to ₹112 per share, with a base market lot size of 1,200 shares. Based on the upper price limit, individual retail investors will have to invest a minimum of ₹2,68,800 for 2,400 shares (2 lots), while high net-worth individuals (HNIs) will have to invest a minimum of ₹4,03,200 for 3,600 shares (3 lots). Vivro Financial Services Pvt. Ltd. is acting as the sole book running lead manager of MUFG Intime India Pvt. Ltd. Ltd. acts as the registrar, and Pace Stock Broking Services Pvt. Ltd. acts as the registrar. Ltd. is the designated market maker for the issue.
Ravita Engineering Services IPO Allotment Status
| Company Name | Allotment Date | Listing Date | Registrar (Check Link) |
|---|---|---|---|
| Ravita Engineering Services | Fri, Oct 16, 2026 | Wed, Oct 21, 2026 | https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
Ravita Engineering Services IPO Overview
| Details | Descriptions |
|---|---|
| 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 cum OFS |
| Total Issue Size | 1,03,62,000 shares (agg. up to ₹116 Cr) |
| Reserved for Market Maker | 5,22,000 shares (agg. up to ₹6 Cr) Pace Stock Broking Services Pvt.Ltd |
| Fresh Issue | 98,40,000 shares (agg. up to ₹110 Cr) |
| Net Offered to Public | 98,40,000 shares (agg. up to ₹110 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 2,73,18,682 shares |
| Share Holding Post Issue | 3,76,80,682 shares |
Ravita Engineering Services IPO Schedule
| Details | Description |
|---|---|
| IPO Open Date | Tue, Oct 13, 2026 |
| IPO Close Date | Thu, Oct 15, 2026 |
| Tentative Allotment | Fri, Oct 16, 2026 |
| Initiation of Refunds | Mon, Oct 19, 2026 |
| Credit of Shares to Demat | Mon, Oct 19, 2026 |
| Tentative Listing Date | Wed, Oct 21, 2026 |
Ravita Engineering Services Lot Size Details
| 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 |
| NII | Not less than 15.00% of the Net Issue |
| Retail | Not less than 35.00% of the Net Issue |
Ravita Engineering Services IPO GMP Trend
| GMP Date | IPO Price | GMP | Est. Listing Price | Est. Profit* |
|---|---|---|---|---|
| 11-Oct 21:37 | ₹112 | ₹10 (8.93%) ▼ | ₹122 | ₹12,000 |
| 10-Oct 23:37 | ₹112 | ₹12 (10.71%) ─ | ₹124 | ₹14,400 |
Overview of Ravita Engineering Services
Established in December 2007, Ravita Engineering Services Limited is one of the leading engineering solutions providers offering integrated Engineering, Procurement, Installation and Commissioning (EPIC) services. Ravita provides end to end solutions for big, heavy-duty electromechanical systems like industrial central air conditioning systems, specialized air circulation systems, chiller plants, and industrial compressors. In addition to its core EPIC solutions, Ravita Engineering offers Operations and Maintenance (O&M) services for its own turnkey projects as well as third-party infrastructure installations.
The company’s knowledge expertise in its three main segments: Onshore, Offshore, and Data Center. It covers onshore supply and industrial buildings, commercial and IT corridors, hotel towers, and many others. On the offshore supply aspect, they supply essential items of HVAC/mechanical work to oil & gas platforms and marine rigs-6 rigs with 16 offshore platforms additionally via the three fiscal years ending June 30, 2026. It additionally gives cooling, infrastructure, and chiller plant upkeep for the data center trade, which is its fastest-growing section with some confirmed order pipelines worth ₹120.00 crore (₹12,000.00 lakhs) along with landmark infrastructure contracts in Maharashtra.
Strong Leadership & Financial Growth
Ravita Engineering is guided by Executive Chairman Vibhoar Agrawal and CEO Sunildutt Narayan Goswami and employs a extremely high technical team of 399 permanent staff 369 of which are the central operations team. Over the last few years, the company has experienced explosive growth:
- Revenue Boom: Operational revenue surged from ₹13.49 crore (₹1,349.25 lakhs) in Fiscal 2024 to ₹277.63 crore (₹27,763.29 lakhs) in Fiscal 2026.
- Profitability: Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) reached ₹40.05 crore (₹4,004.92 lakhs) in Fiscal 2026.
- Net Income: Profit After Tax (PAT) stood strong at ₹28.04 crore (₹2,804.16 lakhs) for Fiscal 2026.
Key Competitive Strengths
- Integrated Turnkey Capability: Seamless execution across design, procurement, installation, and long-term O&M services.
- Niche Offshore & Data Center Expertise: Proven track record in complex, high-reliability environments like marine oil rigs and mission-critical data facilities.
- Scalable Workforce: Skilled team of nearly 400 engineering and operational professionals capable of executing multi-site projects simultaneously.
- Diversified Business Streams: Synergistic hybrid revenue model balancing high-value EPIC contracts with recurring O&M revenue.
- Established Industry Relationships: Strong, enduring partnerships with major enterprise clients across industrial and commercial domains.
Company Financials
Ravita Engineering Services Financial Information (Restated Standalone)
| Period Ended | 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 |
Key Performance Indicator (KPI)
The market cap. of Ravita Engineering Services IPO is for Pre IPO ₹305.97 Cr., & for Post IPO ₹422.02 Crores.
KPI as of Mar 31, 2026
| 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 |
| Price to Book Value | 2.79 | 3.07 |
IPO Valuation & Shareholding Structure
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 10.26 | 10.75 |
| P/E (x) | 10.92 | 10.42 |
| Company Promoters: | Vibhoar Agrawal, Rachita Agrawal and Starwings Realtors Pvt.Ltd.. | |
| Promoter and Promoter Group | 73.74% | 53.46% |
| Public | 26.26% | 46.54% |
| Total | 100% | 100% |
Ravita Engineering Services IPO Objectives
| Objects of the Issue | Expected Amount (₹ in cr.) |
|---|---|
| To meet long-term working capital requirements of the Company | 70.00 |
| Funding capital expenditure requirements of our Company towards purchase of certain heavy equipment | 25.53 |
| General Corporate Purposes | – |
| Total | 95.53 |
Ravita Engineering Services IPO Contact Details
- Ravita Engineering Services Ltd.
- Office No. 202 2nd Floor
- Mayuresh Square, Plot No. 17
- Sector 15 CBD Belapur
- Thane, Maharashtra, 400614
- +91-9136446482
- cs@ravita.co.in
- Website: https://ravita.co.in/
Ravita Engineering Services IPO Registrar
MUFG Intime India Pvt.Ltd.
| Details | Descriptions |
|---|---|
| Phone: | 022-49186000 |
| Email: | ravitaengineering.smeipo@in.mpms.mufg.com |
| Website: | https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
Ravita Engineering Services IPO FAQs
When Ravita Engineering Services IPO become available?
The IPO will open on Tue, Oct 13, 2026.
What is the minimum lot size for the Ravita Engineering Services IPO?
The minimum lot size is 1,200 shares.
When will the shares for the Ravita Engineering Services IPO be allotted?
The allotment is expected to be finalized on Fri, Oct 16, 2026
What is the expected listing date for the Ravita Engineering Services IPO?
The tentative listing date is Wed, Oct 21, 2026.
How can I apply for the Ravita Engineering Services IPO?
You can apply online through your bank or a broker using either the UPI or ASBA payment methods.
Read also – Adroit Industries India IPO
