IPO profile
Ravita Engineering Services Limited
RAVITA · NSE
- Price band
- ₹105
- Subscription
- 6.68x
Application & Issue Details
- Minimum Quantity
- 1200 shares
- Minimum Application
- ₹1,26,000
- Issue Size
- Rs. 116 Cr
- Face Value
- Not available
- Issue Price
- ₹105
Company Overview
Ravita Engineering Services provides engineering solutions for heating, ventilation, and air conditioning (HVAC) systems, temperature control systems, and other allied electro-mechanical equipment. The company operates across three primary business segments: offshore projects, onshore projects, and the data center industry. Its core business activities are divided into Engineering, Procurement, Installation, and Commissioning (EPIC) projects, as well as standalone Operations and Maintenance (O&M) service contracts. In certain instances, the company executes hybrid projects that combine initial EPIC work with subsequent long-term O&M services. The company procures critical hardware components and server infrastructure from third-party original equipment manufacturers to develop and deploy its solutions. Operations are primarily concentrated in western India, with significant project execution occurring in Maharashtra, Gujarat, and the territorial waters of India. Revenue is generated through competitive bidding and tender processes for both public sector undertakings and private corporate clients.
Important Dates
- Open Date
- 14 Oct 2026
- Close Date
- 16 Oct 2026
- Allotment Date
- Not available
- Listing Date
- 22 Oct 2026
Issue Timeline
- Issue open date
- Issue close date
- UPI mandate deadline
- Allotment finalization
- Refund initiation
- Share credit
- Listing date
- Mandate end date
- Lock-in end date for anchor investors (50%)
- Lock-in end date for anchor investors (remaining)
Subscription
- Total subscribed
- 6.68x
- Shares offered
- 74,13,600
- Shares bid
- 4,95,38,400
IPOAlerts subscription snapshot updated 17 Oct 2026, 11:00 pm.
Actual Listing Performance
- Listing Date
- 22 Oct 2026
- Actual Listing Price
- ₹112
- Gain/Loss Per Share
- +₹7
- Gain/Loss Per Lot
- +₹8,400
- Listing Gain/Loss %
- +6.67%
- Measured Against
- ₹105
- Lot Size
- 1200 shares
Historical result from the reported listing price, compared with the issue price. Excludes brokerage, taxes and charges.
Company Strengths & Risks
Reported strengths
- Diverse HVAC portfolio across offshore, onshore, and data centers.
- Strategic geographic presence in western India and offshore regions.
- Robust order book and consistent history of profitability.
- Strong client relationships driving repeat EPIC contracts.
- Specialized expertise in hybrid engineering and O&M projects.
Key risks
- High revenue concentration from top clients poses financial risks.
- The geographic concentration in Western India exposes operations to local disruptions.
- Dependence on competitive bidding creates revenue uncertainty.
- Reliance on contract labor and OEMs risks cost overruns and delays.
- Promoter-linked entity strike-off poses regulatory and reputational risks.
Company strengths and risks are informational summaries. Review the offer document for complete disclosures.
Documents & Coverage
IPO data last updated 25 Oct 2026, 8:02 pm IST · GMP: ipoalerts · listing price: NSE/BSE
This page is for informational and educational purposes only. It is not investment advice and not a recommendation to buy, sell, or apply for this IPO. GMP and subscription figures are unofficial/may change. Please make your own independent decision.