Ravita Engineering Services Limited
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Ravita Engineering Services Limited's has transitioned to a publicly listed entity following its IPO debut on Oct 22, 2026 at the NSE exchange. The public offering successfully raised 1,03,62,000 Shares, consisting of 1,03,62,000 Sharesin new capital.
The IPO featured a competitive price range of ₹105 to ₹112 and minimum application size of 1200 shares. Market reception was evidenced through subscription activity between Oct 14, 2026 and Oct 16, 2026, reflecting investor appetite for the offering.
Allotment of shares was completed on Oct 19, 2026, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Ravita Engineering Services Ltd., founded in December 2007, is an engineering company specializing in EPIC (Engineering, Procurement, Installation, and Commissioning) contracts for HVAC systems, central air-conditioning, chillers, compressors, airflow systems, cooling equipment, and other electromechanical solutions delivered on a turnkey basis across commercial, industrial, and offshore projects. The company also provides operation and maintenance (O&M) services for both its own projects and third-party systems, ensuring long-term performance and efficiency. It operates across three key segments—onshore, offshore, and data centre—executing projects in states like Gujarat, Maharashtra, Odisha, and Karnataka, while offshore operations include rigs, platforms, and marine installations in Indian waters. Additionally, it undertakes specialized engineering projects such as laying sub-sea discharge pipelines for effluent treatment plants, including work at Paradeep, Odisha. Its data centre segment focuses on maintaining critical cooling infrastructure like HVAC and chiller systems to ensure uptime and reliability, currently serving a major Indian conglomerate in Navi Mumbai, with an order book of ₹7,403.63 lakhs for data centre O&M services as of December 31, 2025.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Multi-Sector Engineering Services: Provides services like mechanical, electrical, and maintenance solutions across different industries.
- Turnkey Project Capabilities: Ability to handle complete projects helps in better execution and client satisfaction.
- Experienced Management: Backed by industry experience, supporting efficient operations and project delivery.
- Dependence on Project Orders: Revenue depends on securing new contracts, which may fluctuate.
- Execution Risk: Delays or cost overruns in projects can impact profitability.
- Working Capital Intensive: Requires continuous funding for project execution and operations.
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