Ravita Engineering Services IPO opens today: Check GMP, price band and other key details

Ravita Engineering Services IPO is a book-built issue worth Rs 116.05 crore, comprising an entirely fresh issue of 1.04 crore shares. The allotment is expected to be finalised on October 19, while the company's shares are tentatively scheduled to list on the NSE SME platform on October 22, 2026.

The initial public offering (IPO) of Ravita Engineering Services Ltd. opens for subscription today, October 14, 2026, and will remain open until October 16. In the grey market, the issue was commanding a premium of Rs 4 per share, indicating an estimated listing gain of 3.57% over the upper end of the price band.

Ravita Engineering Services IPO is a book-built issue worth Rs 116.05 crore, comprising an entirely fresh issue of 1.04 crore shares. The allotment is expected to be finalised on October 19, while the company's shares are tentatively scheduled to list on the NSE SME platform on October 22, 2026.

The company has fixed the IPO price band at Rs 105-112 per share. The minimum application lot comprises 1,200 shares. At the upper end of the price band, retail investors must apply for at least 2,400 shares, requiring a minimum investment of Rs 2,68,800.

For high-net-worth individual (HNI) investors, the minimum application size is three lots, or 3,600 shares, amounting to Rs 4,03,200 at the upper price band.

Vivro Financial Services Pvt. Ltd. is the book-running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar to the issue.

Ravita Engineering Services IPO GMP todayRavita Engineering Services IPO was trading at a grey market premium (GMP) of Rs 4 per share, or around 3.57% over the upper price band of Rs 112, indicating an estimated listing price of Rs 116 per share. The grey market premium is an unofficial indicator of investor sentiment and does not guarantee the actual listing price or listing gains.

Ravita Engineering Services: Objects of the IPORavita Engineering Services Ltd. plans to utilise Rs 70 crore from the IPO proceeds to meet its long-term working capital requirements. It has earmarked another Rs 25.53 crore for capital expenditure to purchase heavy equipment. The remaining proceeds will be used for general corporate purposes.

Financial performanceRavita Engineering Services Ltd.'s total income surged 154% to Rs 278 crore in FY26 from Rs 109 crore in FY25. Its profit after tax (PAT) increased 137% to Rs 28 crore in FY26, compared with Rs 12 crore in the previous financial year.

About Ravita Engineering ServicesIncorporated in December 2007, Ravita Engineering Services Ltd. provides turnkey engineering, procurement, installation and commissioning (EPIC) solutions for HVAC systems, central air-conditioning, chiller plants, compressors and other electromechanical equipment. The company also offers operations and maintenance (O&M) services across its onshore, offshore and data centre businesses, serving commercial, industrial, hospitality and offshore oil and gas facilities. It has secured data centre infrastructure work orders worth Rs 120 crore in Maharashtra.

The company's revenue from operations increased from Rs 13.49 crore in FY24 to Rs 277.63 crore in FY26. In FY26, its EBITDA stood at Rs 40.05 crore, while PAT was Rs 28.04 crore. As of June 30, 2026, the company had 399 permanent employees, including 369 deployed at project sites, and an order book covering EPIC, O&M and hybrid projects across its three business segments.