Ravita Engineering Services IPO
Incorporated in December 2007, Ravita Engineering Services is an engineering solutions firm that is involved in the Engineering, Procurement, Installation and Commissioning (“EPIC”) of heating, ventilation and air-conditioning (“HVAC”) systems, central air-conditioning solutions, airflow systems, chiller plants, industrial compressors, cooling equipment and other related electromechanical equipment on a turnkey basis.
IPO GMP
+₹2
+2% expected gain
Price Band
₹112
Lot Size
2400 shares
Min Investment
₹2,68,800
Listing Date
October 21, 2026
About Ravita Engineering Services
Company overview, business, and key facts.
Incorporated in December 2007, Ravita Engineering Services is an engineering solutions firm that is involved in the Engineering, Procurement, Installation and Commissioning (“EPIC”) of heating, ventilation and air-conditioning (“HVAC”) systems, central air-conditioning solutions, airflow systems, chiller plants, industrial compressors, cooling equipment and other related electromechanical equipment on a turnkey basis.
The Company operates across three primary business segments: onshore, offshore, and data centre. The firm undertakes onshore activities across key regions including Gujarat, Maharashtra, Odisha, and Karnataka. Offshore operations occur at rigs, platforms, and marine installations in India’s territorial waters.
Founded
2007
Headquarters
Thane, Maharashtra
Promoters
Vibhoar Agrawal, Rachita Agrawal, Starwings Realtors Pvt
Website
https://ravita.co.in/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- Review:
Risks
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Ravita Engineering Services IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹422.0 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
15x
Price to sales
1.52x
Revenue growth, 2026
+154.2%
353.1% a year over the period
Profit growth, 2026
+137%
330.9% a year over the period
Profit margin (PAT)
10.1%
EBITDA margin 14.43%
ROE / ROCE
48.9% / 48.65%
As published in the offer document
Debt to equity
0.19
Issue mix
100% fresh / 0% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹4,800
2400 shares on ₹2,68,800. GMP is unofficial.
What stands out
- Profit grew 137% in 2026.
Watch-outs
- 1 use-of-proceeds item(s) have no disclosed amount.
- GMP has fallen 80% from its peak of ₹10 to ₹2.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: listed peer comparison, published risk factors.
IPO Analysis SummaryAI-generated
A plain-language review of Ravita Engineering Services's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Ravita Engineering Services IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, Ravita Engineering Services IPO is trading at a grey market premium (GMP) of +₹2 (+2% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 1.14x overall — QIB: 1.05x, NII: 1.69x, Retail: 0.95x.
Ravita Engineering Services IPO subscription is currently open and closes on October 15, 2026. Investors can apply through their broker using ASBA.
The minimum investment required is ₹2,68,800 for 2400 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Key strengths include: Review:.
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Ravita Engineering Services IPO — Frequently Asked Questions
What is Ravita Engineering Services IPO GMP today?
Ravita Engineering Services IPO GMP (grey market premium) today is +₹2, suggesting an estimated listing gain of +2%. GMP is indicative and subject to change.
What is the price band of Ravita Engineering Services IPO?
The price band for Ravita Engineering Services IPO is ₹112 with a lot size of 2400 shares. The minimum investment required is ₹2,68,800.
When is Ravita Engineering Services IPO allotment date?
Ravita Engineering Services IPO allotment is expected to be finalised on October 16, 2026. You can check your allotment status on the registrar's website (MUFG Intime India Pvt.Ltd.) using your PAN number.
When will Ravita Engineering Services IPO list on NSE/BSE?
Ravita Engineering Services IPO is expected to list on NSE SME on October 21, 2026.
How to check Ravita Engineering Services IPO allotment status?
To check Ravita Engineering Services IPO allotment status, visit the registrar's website (MUFG Intime India Pvt.Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Ravita Engineering Services IPO?
Ravita Engineering Services IPO has a GMP of +₹2. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.
What is the lot size of Ravita Engineering Services IPO?
The lot size for Ravita Engineering Services IPO is 2400 shares per lot. The minimum investment for retail investors is ₹2,68,800. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.