
Minimum Investment
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 Name | Ravita Engineering Services Limited |
| IPO Type | SME IPO |
| Price Band | ₹105 – ₹112 |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,03,62,000 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 Date | 13 Oct 2026 |
| IPO Close Date | 15 Oct 2026 |
| Basis of Allotment | 16 Oct 2026 |
| Refund Initiation | 19 Oct 2026 |
| Demat Credit Date | 19 Oct 2026 |
| Listing Date | 21 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 Quota | Not more than 50% of the Net Issue |
| Retail Quota | Not less than 35.00% of the Net Issue |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lots | 2400 | ₹2,68,800 |
| Retail Maximum | 2 Lots | 2400 | ₹2,68,800 |
| S-HNI Minimum | 3 Lots | 3600 | ₹4,03,200 |
| S-HNI Maximum | 7 Lots | 8400 | ₹9,40,800 |
| B-HNI Minimum | 8 Lots | 9600 | ₹10,75,200 |
Key Performance Indicators (KPI)
| ROE | 48.90% (FY26), 9.68% (Q1 FY27) |
| ROCE | 48.65% (FY26), 10.60% (Q1 FY27) |
| RoNW | - |
| PAT Margin | 10.09% (FY26), 10.40% (Q1 FY27) |
| EBITDA Margin | 14.43% (FY26), 14.42% (Q1 FY27) |
| EPS | ₹10.26 (Pre-IPO), ₹10.75 (Post-IPO) |
| NAV per share | - |
| Debt to Equity | 0.19 (FY26), 0.28 (Q1 FY27) |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| 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 Price | Not Available |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | Not Available |
| Estimated Listing Price | TBA |
IPO Subscription Data
| Total Subscription | Pending |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| 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)
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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