Description

Oval Projects Engineering Limited finalizes allocation of 9,36,000 equity shares to 6 anchor investors at Rs. 85 per share, raising Rs. 7,95,60,000.

Summary

Oval Projects Engineering Limited has finalized the allocation of 9,36,000 equity shares to anchor investors at Rs. 85 per share (including premium of Rs. 75) on August 26, 2025. The total amount raised from anchor investors is Rs. 7,95,60,000 as part of their public issue of 54,99,200 equity shares.

Key Points

  • Total anchor allocation: 9,36,000 equity shares
  • Allocation price: Rs. 85 per share (face value Rs. 10 + premium Rs. 75)
  • Total funds raised from anchors: Rs. 7,95,60,000
  • Six anchor investors participated with allocations ranging from 12.82% to 25.30%
  • Book Running Lead Manager: SMC Capitals Limited
  • Board meeting held on August 26, 2025 to finalize allocations

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%)

Regulatory Requirements

  • Anchor investors must pay additional amount if final offer price exceeds Rs. 85
  • Payment due by pay-in date as specified in revised Collection and Allotment Notice (CAN)
  • Allocation conducted as per SEBI ICDR Regulations 2018

Important Dates

  • Board meeting and allocation finalization: August 26, 2025
  • Payment adjustment (if required): As per revised CAN timeline

Impact Assessment

The anchor allocation represents strong institutional interest in the IPO, providing price discovery reference and confidence for retail investors. The successful anchor round at Rs. 85 per share sets a benchmark for the public issue pricing and indicates positive market sentiment toward the company.

Impact Justification

Significant IPO anchor allocation announcement affecting public issue pricing and investor participation