IPO Details

Ravita Engineering Services Limited IPO

Ravita Engineering Services Limited logo
SME IPO
₹1,26,000

Minimum Investment

Exchange Listed · NSE / BSESEBI Regulated Issue

About Company

Company Name: Ravita Engineering Services Limited

Industry / Sector: Engineering Solutions / HVAC & Electromechanical Infrastructure

Founded Year: December 20, 2007

Promoters: Vibhoar Agrawal, Rachita Agrawal, Starwings Realtors Pvt. Ltd.

Ravita Engineering Services Limited is an engineering solutions company engaged in Engineering, Procurement, Installation and Commissioning (EPIC) of HVAC systems, central air-conditioning solutions, air flow systems, chiller plants, industrial compressors, cooling equipment and other electromechanical equipment on a turnkey basis. The Company also provides Operations and Maintenance (O&M) services for projects executed by it and systems installed by third-party solution providers. The Company operates across three key verticals: Onshore (commercial, hospitality, corporate and industrial establishments), Offshore (rigs, platforms and other offshore marine installations), and Data Centers. 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 Data Center business provides O&M services for cooling systems, chiller plants, HVAC equipment and mechanical utilities, and it has also secured data center infrastructure work orders aggregating ₹12,000.00 lakhs in Maharashtra. As of June 30, 2026, the Company had an order book across its Onshore, Offshore and Data Center operations, comprising EPIC, O&M and Hybrid projects. 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 in site operations.

IPO Basic Details

Company NameRavita Engineering Services Limited
IPO TypeSME IPO
Price Band₹105 – ₹112
Lot Size1200 Shares
Total Issue Size1,03,62,000 Equity Shares (₹116.05 Cr)

IPO Strengths & Risks

Strengths

  • Multi-site project execution capabilities
  • Balanced EPIC and O&M business model
  • Large and qualified engineering workforce
  • Strong management and domain expertise
  • Long-standing relationships with large clients
  • Comprehensive electro-mechanical engineering capabilities
  • Specialised experience in offshore and data center operations

Risks

  • Execution of contracts with project owners, including termination or suspension, can adversely impact revenue and profitability
  • Delay in payments and increase in days receivable from customers may affect financial performance
  • Order book is not necessarily indicative of future revenue
  • Revenue from top customers contributed significantly to total revenue in recent periods
  • The Company's operations are subject to various environmental, health and safety regulations

IPO Important Dates

IPO Open Date13 Oct 2026
IPO Close Date15 Oct 2026
Basis of Allotment16 Oct 2026
Refund Initiation19 Oct 2026
Demat Credit Date19 Oct 2026
Listing Date21 Oct 2026
Anchor Investor Date-
UPI Mandate Deadline-

IPO Objectives

  • Capital expenditure for machinery and equipment – -
  • Funding working capital requirements – -
  • Debt repayment – -
  • General corporate purposes – Balance Amount

Investor Reservation

QIB QuotaNot more than 50% of the Net Issue
Retail QuotaNot less than 35.00% of the Net Issue
HNI Quota-
Employee Quota-
Shareholder Quota-
Anchor Investor Allocation-

Market Lot Details

ApplicationLot SizeSharesAmount
Retail Minimum2 Lots2400₹2,68,800
Retail Maximum2 Lots2400₹2,68,800
S-HNI Minimum3 Lots3600₹4,03,200
S-HNI Maximum7 Lots8400₹9,40,800
B-HNI Minimum8 Lots9600₹10,75,200

Key Performance Indicators (KPI)

ROE48.90% (FY26), 9.68% (Q1 FY27)
ROCE48.65% (FY26), 10.60% (Q1 FY27)
RoNW-
PAT Margin10.09% (FY26), 10.40% (Q1 FY27)
EBITDA Margin14.43% (FY26), 14.42% (Q1 FY27)
EPS₹10.26 (Pre-IPO), ₹10.75 (Post-IPO)
NAV per share-
Debt to Equity0.19 (FY26), 0.28 (Q1 FY27)
P/E Ratio-
Industry P/E-

Company Financial Data

PeriodAssetsTotal IncomePATEBITDANet WorthBorrowings
Q1 FY2027 (Jun 30, 2026)₹207.34 Cr₹97.45 Cr₹10.13 Cr₹14.04 Cr₹109.69 Cr₹30.88 Cr
FY2026 (Mar 31, 2026)₹162.97 Cr₹277.82 Cr₹28.04 Cr₹40.05 Cr₹99.56 Cr₹19.21 Cr
FY2025 (Mar 31, 2025)₹58.24 Cr₹109.30 Cr₹11.83 Cr₹15.65 Cr₹15.13 Cr₹23.11 Cr
FY2024 (Mar 31, 2024)₹9.08 Cr₹13.53 Cr₹1.51 Cr₹2.86 Cr₹3.30 Cr₹3.52 Cr

Grey Market Premium

GMP PriceNot Available
Kostak RateNot Available
Subject to SaudaNot Available
Last UpdatedNot Available
Estimated Listing PriceTBA

IPO Subscription Data

Total SubscriptionPending
QIB (Ex Anchor)Pending
HNI SubscriptionPending
Retail SubscriptionPending
Anchor-

IPO Intermediaries

Registrar: MUFG Intime India Pvt. Ltd.

Registrar Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html

IPO Lead Manager(s)

Vivro Financial Services Pvt. Ltd.

Company Information

Address: Office No. 202 2nd Floor, Mayuresh Square, Plot No. 17, Sector 15 CBD Belapur, Thane, Maharashtra - 400614

Website: https://www.ravita.co.in

Email: cs@ravita.co.in

Phone: +91-9136446482

IPO Documents

Frequently Asked Questions (FAQ)

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