RAVITA ENGINEERING SERVICES LIMITED

14 Oct 2026 - 16 Oct 2026 SME NSE

Min Investment

₹2,68,800.00

Price Band

₹105-₹112

Issue Size

₹83.03 Cr

Lot Size

1200 (per lot)

IPO Dates
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14 Oct 2026

Open Date

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16 Oct 2026

Close Date

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16 Oct 2026

Allotment Date

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22 Oct 2026

Listing Date

Know Before Investing

Strengths icon

  • Diverse HVAC portfolio across offshore, onshore, and data centers.
  • Strategic geographic presence in western India and offshore regions.
  • Robust order book and consistent history of profitability.
  • Strong client relationships driving repeat EPIC contracts.
  • Specialized expertise in hybrid engineering and O&M projects.

Weaknesses icon

  • High revenue concentration from top clients poses financial risks.
  • The geographic concentration in Western India exposes operations to local disruptions.
  • Dependence on competitive bidding creates revenue uncertainty.
  • Reliance on contract labor and OEMs risks cost overruns and delays.
  • Promoter-linked entity strike-off poses regulatory and reputational risks.

About Ravita Engineering Services Limited

Ravita Engineering Services provides engineering solutions for heating, ventilation, and air conditioning (HVAC) systems, temperature control systems, and other allied electro-mechanical equipment. The company operates across three primary business segments: offshore projects, onshore projects, and the data center industry. Its core business activities are divided into Engineering, Procurement, Installation, and Commissioning (EPIC) projects, as well as standalone Operations and Maintenance (O&M) service contracts. In certain instances, the company executes hybrid projects that combine initial EPIC work with subsequent long-term O&M services. The company procures critical hardware components and server infrastructure from third-party original equipment manufacturers to develop and deploy its solutions. Operations are primarily concentrated in western India, with significant project execution occurring in Maharashtra, Gujarat, and the territorial waters of India. Revenue is generated through competitive bidding and tender processes for both public sector undertakings and private corporate clients.

IPO Objectives

1. To meet long-term working capital requirements of our Company;

2. Funding capital expenditure requirements of our Company towards purchase of certain heavy equipment; and

3. General Corporate Purposes;

Company Promoters

Rachita Agrawal

Starwings Realtors Pvt Ltd.

Vibhoar Agrawal

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