Description

BSE announces allocation of 9,36,000 equity shares to 6 anchor investors at Rs. 85 per share for Oval Projects Engineering Limited's public issue.

Summary

Oval Projects Engineering Limited has completed anchor investor allocation for its public issue of 54,99,200 equity shares. The company allocated 9,36,000 equity shares to 6 anchor investors at Rs. 85 per share (including share premium of Rs. 75 per share), raising Rs. 7,95,60,000 from anchor investors.

Key Points

  • Total anchor allocation: 9,36,000 equity shares at Rs. 85 per share
  • Total amount raised from anchors: Rs. 7,95,60,000
  • Face value: Rs. 10 per equity share
  • Share premium: Rs. 75 per equity share
  • Book Running Lead Manager: SMC Capitals Limited
  • Allocation finalized by Board of Directors on August 26, 2025

Anchor Investor Details

  • Rajasthan Global Securities Private Limited: 2,36,800 shares (25.30%)
  • SB Opportunities Fund II: 1,69,600 shares (18.12%)
  • Beacon Stone Capital VCC - Beacon Stone I: 1,69,600 shares (18.12%)
  • Finvesta First: 1,20,000 shares (12.82%)
  • Rachinath Capital Vision Fund: 1,20,000 shares (12.82%)
  • Persistent Growth Fund-Varsu India Growth Story Scheme I: 1,20,000 shares (12.82%)

Compliance Requirements

  • If final offer price exceeds Rs. 85, anchor investors must pay the difference by specified pay-in date
  • Anchor investors subject to SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018

Important Dates

  • Board meeting and allocation date: August 26, 2025
  • Pay-in date for price difference (if applicable): As per revised CAN

Impact Assessment

Successful anchor allocation indicates institutional interest in the IPO. The anchor portion represents approximately 17% of the total public issue size, providing price discovery support for the main book building process.

Impact Justification

Standard IPO anchor allocation announcement affecting specific company listing process