Ravita Engineering Services came to market through an SME IPO that opened on 14 October 2026 and closed on 16 October 2026, and the shares listed on 22 October 2026 on the NSE. The price band was ₹105 to ₹112 per share and one lot was 1200 shares, so the minimum application was ₹1,34,400. The issue size was ₹116.05 crore. The whole issue was fresh shares, so the money raised went to the company.
It listed at ₹112, flat against the issue price of ₹112. MUFG Intime India Pvt.Ltd was the registrar to the issue, and Vivro Financial Services Pvt.Ltd was the lead manager.
The issue was subscribed 7.19 times overall.
Ravita Engineering Services Ltd. incorporated in December 2007 provides EPIC contract in respect of HVAC, central air-conditioning, air flow system, chillers, compressors, cooling systems, as well as other electromechanical system on turn key basis for commercial, industrial, off-shore rigs and platforms. They provide also operations and maintenance (O&M) services for their project and others third party project.
The Company is also engaged in carrying out specialised niche engineering project i.e laying of sub-sea discharge pipelines for the effluent treatment plant (ETP) at Paradeep, Odisha.P) at Paradeep, Odisha. Company’s business activities can be broadly categorised into three segments namely, (i) Onshore; (ii) Off-Shore; and (iii) Data Centre. Its On-Shore operations are carried out in states such as Gujarat, Maharashtra, Odisha and Karnataka.Its Off-Shore operations are carried out in off-shore rigs, platforms, marine installations in territorial waters of India.
Its Data Centre operations include maintenance of cooling system, chiller plants, HVAC as well as utilities for uptime and temperature maintenance. They operate for one of the largest Indian conglomerates in their Navi Mumbai data centre. Our order book in respect of Data Centre O&M services stood at ₹ 7,403.63 lakhs as on 31st Dec 2025.
As described in the offer document.
Vibhoar Agrawal, Rachita Agrawal, Starwings Realtors Pvt.Ltd..
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
₹105 to ₹112 per share, against a face value of ₹5. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,34,400. After listing, SME shares also trade in lots rather than one share at a time.
₹1,34,400, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 14 October 2026 and closed on 16 October 2026.
The basis of allotment was published on 19 October 2026 by MUFG Intime India Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 22 October 2026 on the NSE, opening at ₹112.
The issue size was ₹116.05 crore. The fresh issue was 1,03,62,000 shares (aggregating up to ₹116.05 crore).
It listed at ₹112 against an issue price of ₹112, a gain of 0 percent on listing day.