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Ravita Engineering Services Limited IPO
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Latest GMP
- Lead Manager
- Vivro Financial Services Private Limited
- IPO Registrar
- MUFG Intime India Private Limited
- IPO Open Date
- 14th Oct 2026
- IPO Close Date
- 16th Oct 2026
- Allotment date
- 19th Oct 2026
- Listing date
- 22nd Oct 2026
- Issue Size
- ₹ 116 Cr.
- Issue Price Band
- ₹ 105 to 112
- Lot Size
- 1200 Share
- Minimum Investment
- ₹ 268800
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Ravita Engineering Services Limited
Incorporated in December 2007, Ravita Engineering Services Limited is an engineering solutions company providing Engineering, Procurement, Installation and Commissioning (EPIC) services for HVAC systems, central air-conditioning solutions, air flow systems, chiller plants, industrial compressors, cooling equipment and other electromechanical systems on a turnkey basis.
The Company also provides Operations and Maintenance (O&M) services for projects executed by it as well as systems installed by third-party solution providers.
Business Segments
The Company operates across three key areas: Onshore, Offshore and Data Center.
- Onshore: Commercial, hospitality, corporate and industrial establishments
- Offshore: Rigs, platforms and other offshore marine installations
- Data Center: Cooling systems, chiller plants, HVAC equipment and mechanical utilities
Offshore Operations
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 offshore capabilities include engineering, installation, commissioning and maintenance services for critical electromechanical and cooling systems used in offshore environments.
Data Center Operations
The Company's Data Center business provides O&M services for cooling systems, chiller plants, HVAC equipment and mechanical utilities.
It has also secured data center infrastructure work orders aggregating ₹12,000.00 lakhs in Maharashtra, strengthening its presence in the growing data center infrastructure segment.
Order Book & Project Execution
As of June 30, 2026, the Company had an order book comprising EPIC, O&M and Hybrid projects across its Onshore, Offshore and Data Center operations.
Its multi-site project execution capabilities are supported by engineering, operations and execution teams with experience across diverse industrial and infrastructure environments.
Financial Snapshot
Revenue from operations increased from ₹1,349.25 lakhs in Fiscal 2024 to ₹27,763.29 lakhs in Fiscal 2026.
In Fiscal 2026, the Company's EBITDA stood at ₹4,004.92 lakhs, while profit after tax stood at ₹2,804.16 lakhs.
Management & Workforce
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.
As of June 30, 2026, the Company had 399 permanent employees, including 369 employees in site operations.
Competitive Strengths
- Multi-site project execution capabilities
- Balanced EPIC and O&M business model
- Large and qualified engineering workforce
- Experienced management and domain expertise
- Long-standing relationships with large clients
- Comprehensive electromechanical engineering capabilities
- Specialised experience in offshore and data center operations
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| QIB (Ex Anchor) | 19,69,200 (28.57%) | 2,60,12,400 | 13.21 |
| NII | 14,76,000 (21.42%) | 1,14,73,200 | 7.77 |
| bNII (> ₹10L) | 4,60,800 (6.69%) | 94,72,800 | 20.56 |
| sNII (< ₹10L) | 4,93,200 (7.16%) | 20,00,400 | 4.06 |
| Retail | 34,46,400 (50.01%) | 1,20,52,800 | 3.50 |
| Total | 68,91,600 (100.00%) | 4,95,38,400 | 7.19 |
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 21-10-2026 | ₹112 | ₹2 | ₹114 ( 1.79% ) | ₹2,400.00 | 21-Oct-2026 09:59 AM |
| 19-10-2026 | ₹112 | ₹4.5 | ₹116.5 ( 4.02% ) | ₹5,400.00 | 19-Oct-2026 10:01 AM |
| 17-10-2026 | ₹112 | ₹2 | ₹114 ( 1.79% ) | ₹2,400.00 | 17-Oct-2026 10:05 AM |
| 16-10-2026 | ₹112 | ₹2 | ₹114 ( 1.79% ) | ₹2,400.00 | 16-Oct-2026 10:10 AM |
| 15-10-2026 | ₹112 | ₹7 | ₹119 ( 6.25% ) | ₹8,400.00 | 15-Oct-2026 10:05 AM |
| 14-10-2026 | ₹112 | ₹2 | ₹114 ( 1.79% ) | ₹2,400.00 | 14-Oct-2026 10:05 AM |
Financials of Ravita Engineering Services Limited
A quick overview of the key Financial Performance of Ravita Engineering Services Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue decreased by 65%, Profit after Tax (PAT) decreased by 64%, Total Assets increased by 27% between FY2026 and FY2027 (Jun).
| Period Ended | FY2024 | FY2025 | FY2026 | FY2027 (Jun) |
|---|---|---|---|---|
| Revenue | 13.49 | 108.61 | 277.63 | 97.31 |
| Assets | 9.08 | 58.24 | 162.97 | 207.34 |
| Total Income | 13.53 | 109.30 | 277.82 | 97.45 |
| Profit After Tax | 1.51 | 11.83 | 28.04 | 10.13 |
| EBITDA | 2.86 | 15.65 | 40.05 | 14.04 |
| Net Worth | 3.30 | 15.13 | 99.56 | 109.69 |
| Reserves & Surplus | 3.20 | 15.03 | 85.90 | 96.03 |
| Total Borrowings | 3.52 | 23.11 | 19.21 | 30.88 |
IPO Lot Size
Application
Lots
Shares
Amount
Individual Investors (IND) (Min)
2
2,400
₹ 2,68,800
Individual Investors (IND) (Max)
2
2,400
₹ 2,68,800
S-HNI (Min)
3
3,600
₹ 4,03,200
S-HNI (Max)
7
8,400
₹ 9,40,800
B-HNI (Min)
8
9,600
₹ 10,75,200
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Investors (IND) (Min) | 2 | 2,400 | ₹ 2,68,800 |
| Individual Investors (IND) (Max) | 2 | 2,400 | ₹ 2,68,800 |
| S-HNI (Min) | 3 | 3,600 | ₹ 4,03,200 |
| S-HNI (Max) | 7 | 8,400 | ₹ 9,40,800 |
| B-HNI (Min) | 8 | 9,600 | ₹ 10,75,200 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 9.68 |
| ROCE (%) | 10.6 |
| Debt / Equity | 0.28 |
| RoNW (%) | 9.68 |
| PAT Margin (%) | 10.4 |
| EBITDA Margin (%) | 14.42 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
3.71
-
|
| P/E (x) |
-
-
|
| Promoter Holding (%) |
73.74
-
|
IPO Lead Manager(s)
Lead Manager Details
- Vivro Financial Services Private Limited
- Contact Person: Regis Patel / Samir Santara
- SEBI Registration Number: INM000010122
- Investor Grievance Email: investors@vivro.net
- Website: https://www.vivro.net
- Email: investors@vivro.net
- Phone: +91 22 6666 8040
- Address: 607/608, Marathon Icon, Opp. Peninsula Corporate Park, Off Ganpatrao Kadam Marg, Veer Santaji Lane, Lower Parel, Mumbai 400013, Maharashtra, India
IPO Registrar
- Registrar Name
- MUFG Intime India Private Limited
- Phone
- +91 810 811 4949
- Contact Person
- Shanti Gopalkrishnan
- SEBI Registration Number
- INR000004058
- Address
- C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai 400 083, Maharashtra, India
- Website
- https://in.mpms.mufg.com/
Company Contact Details
- Company Name
- Ravita Engineering Services Limited
- cs@ravita.co.in
- Phone
- +91-9136446482
- Contact Person
- Shah Kinjal Nitinkumar
- Corporate Identity Number
- U74900MH2007PLC177152
- Address
- Office No. 202, 2nd Floor, Mayuresh Square, Plot No. 17, Sector 15, CBD Belapur, Thane 400614, Maharashtra, India
- Website
- https://ravita.co.in/
Ravita Engineering Services Limited FAQs
