Oval Projects Engineering SME IPO Subscription Status
Oval Projects Engineering SME IPO closed on 1 September 2025 with an overall subscription of 1.61x based on shares applied. QIB demand came in at 6.21x, NII at 1.04x, and retail at 0.83x.
Allotment will be finalised on 2 September 2025. The stock is scheduled to list on NSE and BSE on 4 September 2025.
Issue Price
Rs 85.00
GMP Today
-
Overall Subscription
1.61x
Issue Size
₹44.16 Cr
Allotment Date
2 Sept 2025
Listing Date
4 Sept 2025
Oval Projects Engineering SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 85.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 5.30 Cr | Rs 32.95 Cr | 6.21x |
| FII | - | Rs 17.65 Cr | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 15.30 Cr | - |
| NII | Rs 12.24 Cr | Rs 12.68 Cr | 1.04x |
| bNII (above Rs 10L) | Rs 8.16 Cr | Rs 10.73 Cr | 1.32x |
| Corporate | - | Rs 4.54 Cr | - |
| Individual | - | Rs 6.19 Cr | - |
| Other | - | - | - |
| sNII (Rs 2L to Rs 10L) | Rs 4.08 Cr | Rs 1.94 Cr | 0.48x |
| Corporate | - | Rs 9.52 L | - |
| Individual | - | Rs 1.85 Cr | - |
| Other | - | - | - |
| IND | Rs 18.66 Cr | Rs 15.40 Cr | 0.83x |
| Fixed price | - | Rs 15.40 Cr | - |
| Total | Rs 36.20 Cr | Rs 61.02 Cr | 1.69x |
Oval Projects Engineering SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 390 | 2 | 0.01x |
| FII | - | 1 | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | 1 | - |
| NII | 300 | 98 | 0.33x |
| bNII (above Rs 10L) | 200 | 59 | 0.30x |
| Corporate | - | 19 | - |
| Individual | - | 40 | - |
| Other | - | - | - |
| sNII (Rs 2L to Rs 10L) | 100 | 39 | 0.39x |
| Corporate | - | 2 | - |
| Individual | - | 37 | - |
| Other | - | - | - |
| IND | 686 | 566 | 0.83x |
| Fixed price | - | 566 | - |
| Total | 1,376 | 666 | 0.48x |
What Do These Subscription Numbers Mean?
A subscription of 1.61x by shares means the IPO received bids for 2 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 6.21x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 6.21x, it reflects serious institutional conviction.
NII at 0.33x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 0.30x and sNII at 0.39x by applications. Share subscription was 1.04x. Allotment uses application count, not share volume.
null Retail allotment is done by lottery when oversubscribed.
Oval Projects Engineering SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 0.83x.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 0.39x.
BHNI (above Rs 10 lakh)
- •Application subscription: 0.30x.
- •Share subscription was 1.32x. Allotment uses application count, not share volume.
Check the Oval Projects Engineering SME IPO Allotment Status page from 2 September 2025 for your allotment result.
Oval Projects Engineering SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 28 Aug 2025 | 2.88x | 0.31x | 0.13x | 0.59x |
| Day 2 - 29 Aug 2025 | 2.88x | 0.29x | 0.31x | 0.68x |
| Day 3 - 1 Sept 2025 | 6.21x | 0.82x | 0.83x | 1.61x |
Oval Projects Engineering SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 28 August 2025 |
| IPO Close Date | 1 September 2025 |
| Allotment Date | 2 September 2025 |
| Refund Initiation | 3 September 2025 |
| Share Credit to Demat | 3 September 2025 |
| Listing Date | 4 September 2025 |
| Minimum Investment | Rs 2,72,000.00 |
| Lot Size | 1600 shares |
About Oval Projects Engineering SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Oval Projects Engineering SME IPO GMP Today
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Oval Projects Engineering SME IPO Allotment Status
Check allotment result on allotment date
Oval Projects Engineering SME IPO Details
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All IPO Subscription Status
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Oval Projects Engineering SME IPO Subscription FAQs
What is Oval Projects Engineering SME IPO subscription status today?
Oval Projects Engineering SME IPO subscription closed on 1 September 2025 with overall subscription of 1.61x (by shares) as of 27 June 2026, 2:47 AM IST. QIB 6.21x, NII 0.33x, IND 0.83x.
What is the overall subscription of Oval Projects Engineering SME IPO?
Oval Projects Engineering SME IPO is subscribed 1.61x overall by shares at close on 1 September 2025. QIB 6.21x, NII 0.33x, and IND 0.83x.
What is Oval Projects Engineering SME IPO QIB subscription?
Oval Projects Engineering SME IPO QIB (Qualified Institutional Buyers) subscription is 6.21x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Oval Projects Engineering SME IPO IND subscription?
Oval Projects Engineering SME IPO IND subscription is 0.83x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Oval Projects Engineering SME IPO NII subscription?
Oval Projects Engineering SME IPO NII (Non-Institutional Investors) subscription is 0.33x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Oval Projects Engineering SME IPO for retail?
Oval Projects Engineering SME IPO retail allotment chances depend on final application oversubscription. Allotment is by lottery when retail subscription exceeds 1x.
When is Oval Projects Engineering SME IPO allotment date?
Oval Projects Engineering SME IPO allotment date is 2 September 2025. Check Oval Projects Engineering SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Oval Projects Engineering SME IPO subscription close?
Oval Projects Engineering SME IPO subscription closed on 1 September 2025. No new applications are accepted after the close.
What is Oval Projects Engineering SME IPO GMP today?
GMP for Oval Projects Engineering SME IPO is not available yet. Track Oval Projects Engineering SME IPO GMP Today on IPOwiz once grey market activity starts.
What is Oval Projects Engineering SME IPO issue price and lot size?
Oval Projects Engineering SME IPO issue price is ₹85 per share. Lot size is 1600 shares. Minimum investment is ₹2,72,000 per lot (minimum 2 lots for SME). Issue size: ₹44.16 Cr.
When is Oval Projects Engineering SME IPO listing date?
Oval Projects Engineering SME IPO listing date is 4 September 2025 on NSE and BSE. Allotment is on 2 September 2025.
How does subscription affect Oval Projects Engineering SME IPO allotment?
Allotment odds in Oval Projects Engineering SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. At 1.61x overall, competition is moderate.
For allotment results from 2 September 2025, visit the Oval Projects Engineering SME IPO Allotment Status page. For listing day updates on 4 September 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.