Ravita Engineering Services Ltd.

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Overview

Ravita Engineering Services Limited is an electro-mechanical engineering and HVAC services company that delivers turnkey engineering, procurement, installation and commissioning (EPIC/EPC) work and provides ongoing operations & maintenance (O&M) for HVAC, cooling, mechanical and electrical utilities. The company operates across onshore industrial/commercial facilities, offshore oil & gas and marine installations, and data centres, with capabilities spanning design/engineering through commissioning plus lifecycle maintenance and integrated facility support.

Opening Date

Oct 13, 2026

Closing Date

Oct 15, 2026

Listing Date

Oct 21, 2026

IPO Type

SME

IPO Status

Upcoming

Issue Size

116.05 Cr

Fresh Issue

116.05 Cr

Offer for Sale

0 Cr

Price Band

₹105 - ₹112

Lot Size

1200

Grey Market PremiumGMP

₹12.00

Est. Listing gains

+10.71%

GMP Trend

Last updated 3 hours ago

IPO Timeline

Oct 13, 2026

Open Date

Oct 15, 2026

Close Date

Oct 16, 2026

Allotment Date

Oct 19, 2026

Initiation of Refunds

Oct 21, 2026

Listing Date

Financials

Revenue

Profit After Tax (PAT)

Use of IPO funds

Total IPO size₹116.05 Cr

To meet long-term working capital requirements of our Company₹70 Cr

Funding capital expenditure requirements of our Company towards purchase of certain heavy equipment₹25.53 Cr

General Corporate Purposes₹0 Cr

Key Performance Indicator

P/E Ratio

10.92

EPS

10.26

ROE

9.68%

ROCE

10.6%

RONW

9.68%

Debt to Equity Ratio

0.28

PAT Margin

10.4%

EBITDA Margin

14.42%

P/B

2.79

Bull vs Bear

Bull case

•
The EPIC plus O&M model can create repeat work and steady service income, so the business can stay relevant beyond one-time project wins.
•
A ₹49,112.12 lakhs order book gives visible near-term workload, so execution discipline can translate into sustained operations and client stickiness.
•
Data centre and offshore experience builds credibility in strict environments, so fewer competitors can meet safety and uptime expectations consistently.

Bear case

•
Customer concentration is high, so losing even one large client could sharply hit revenue, cash collection, and order book visibility.
•
Competitive bidding and tight timelines can squeeze margins, so delays or poor execution could trigger penalties, lost tenders, or weaker cash flows.
•
Revenue is heavily concentrated in a few western regions, so local policy or project delays there could disrupt operations and growth plans.

Subscription Rate

Subscription data will be available once the IPO opens.

Application Details

Category	Price Band	Application Range	Lot Size
Regular		Upto ₹2 Lakhs	0

Frequently Asked Questions

The Ravita Engineering Services Ltd. IPO is scheduled to open for subscription on Oct 13, 2026 and close on Oct 15, 2026. Investors can apply for shares during this period through eligible platforms.

The price band for the Ravita Engineering Services Ltd. IPO is ₹105 to ₹112. Investors can place bids within this range once the issue opens.

The minimum lot size for the Ravita Engineering Services Ltd. IPO is 1200 shares. The minimum investment amount ₹1,34,400.

The total issue size of the Ravita Engineering Services Ltd. IPO is approximately ₹116.05 Cr. Issue size represents the total value of shares offered to the public.

As per the latest available information, the Ravita Engineering Services Ltd. IPO has been subscribed data will be available once the issue opens. Subscription levels can change significantly during the offer period.

The Grey Market Premium (GMP) for the Ravita Engineering Services Ltd. IPO is ₹12. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.

The shares of Ravita Engineering Services Ltd. are expected to list on stock exchanges on Oct 21, 2026, subject to completion of the allotment process and regulatory approvals.

The net proceeds from the Ravita Engineering Services Ltd. IPO are proposed to be used for We intend to utilize the proceeds of the Issue (“Gross Proceeds”), after deducting the Issue related expenses (“Net Proceeds”), to meet the following objects as approved by the Board of Directors of the Company:, To meet long-term working capital requirements of our Company, Funding capital expenditure requirements of our Company towards purchase of certain heavy equipment, General Corporate Purposes.

Before applying for the Ravita Engineering Services Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.