- POSITIVE
Annual Revenue Ravita Engineering Services Mar-2026 Annual Revenue is Rs 278 Cr which is growth of 154.2% YoY.
- POSITIVE
Annual Net Profit Ravita Engineering Services Mar-2026 Annual Net Profit is Rs 28 Cr which is growth of 137.1% YoY.
Ravita Engineering Services was incorporated on December 28, 2007. The company provides turnkey engineering, procurement, installation and commissioning services for HVAC, air-conditioning, chiller plants, compressors, cooling and other electromechanical systems across commercial and industrial establishments. It also offers operation and maintenance services for its own projects and systems installed by third-party providers
| Bidding Dates |
|---|
| 14 Oct 2026 - 16 Oct 2026 |
| Subscription |
|---|
| 6.68x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹252,000 | 2 | 2 | 1200 | 10.4 M | ₹105 - ₹112 | 53.46 % | ₹1,088.0 M - ₹1,160.5 M | RHP DOC |
Ravita Engineering Services IPO SUBSCRIPTION STATUS
16 Oct '26Total6.68x
Retail Individual Investor4.65x
HNI (NII) Investors10.32x
Qualified Institutional Buyers7.02x
Ravita Engineering Services IPO overall subscription rate was 6.68 times the total available shares
Ravita Engineering Services IPO retail subscription rate was 4.65 times in the retail segment
Ravita Engineering Services IPO non-institutional investor subscription rate was 10.32 times in the non-institutional investor category
Ravita Engineering Services IPO Qualified Institutional Bidder subscription rate was 7.02 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
16 Oct 2026 (Day 3) | 4.65x | 10.32x | 7.02x |
15 Oct 2026 (Day 2) | 1.99x | 3.81x | 0.7x |
14 Oct 2026 (Day 1) | 1.26x | 2.24x | 0.56x |
Ravita Engineering Services FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| Q1FY27 | 97.3 | 10.1 | -11.2 | -11.5 | 14.4% |
| FY26 | 277.6 | 28.0 | -46.9 | -47.4 | 14.4% |
| FY25 | 108.6 | 11.8 | -8.9 | -18.8 | 14.4% |
| FY24 | 13.5 | 1.5 | 0.2 | 0.2 | 21.2% |
Ravita Engineering Services IPO SUBSCRIPTION STATUS DETAILS
Ravita Engineering Services had 10.4 M shares on offer
Ravita Engineering Services IPO offer price was in the range ₹105 - ₹112
Ravita Engineering Services IPO minimum Investment was ₹252000
Ravita Engineering Services IPO issue size was ₹ 1,088.0 M - ₹ 1,160.5 M
Ravita Engineering Services had a minimum lot size of 1200 Shares per application
Ravita Engineering Services NUMBER OF SHARES ON OFFER
Total10.4 M
Fresh Issue10.4 M
Offer for Sale0
Post Issue Promoter Holding %53.46 %
Ravita Engineering Services IPO IMPORTANT DATES
| Issue Open Date | 14 Oct 2026 |
| Issue close Date | 16 Oct 2026 |
| Allotment Date | 19 Oct 2026 |
| Refund Date | 21 Oct 2026 |
| Demat Account Credit Date | 21 Oct 2026 |
| Listing Date | 22 Oct 2026 |
| Listing on Exchange(s) | NSE |
| Ravita Engineering Services Allotment Status | Exchange/ Registrar |
Ravita Engineering Services IPO subscription opened on 14 Oct 2026, and closed on 16 Oct 2026
IPO allotment for Ravita Engineering Services was finalized on Monday, 19 Oct 2026
IPO listing for Ravita Engineering Services was on NSE on Thursday, 22 Oct 2026
Ravita Engineering Services IPO LISTING GAINS
| Issue Price (adjusted) | 112.0 |
| Listing Open Price | 112.0 |
| Listing Close Price | 113.7 |
| Listing Gain% | 0.0% |
| Current Gain% | 6.5% |
Ravita Engineering Services Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ravita Engineering Services Ltd. | 119.3 | 449.5 | 16 | 0.1 | 1.6 | 28.2 | 17.2 | 277.8 | 154.2 | 28 | 137.1 | 7.4 | 137.1 |
| Larsen & Toubro Ltd. | 3647 | 513111.5 | 30.9 | 6.8 | 1.8 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 86.4 | 91208.4 | 190.8 | 0.9 | 5.9 | -5.9 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.5 | 203.3 |
| Rail Vikas Nigam Ltd. | 181.3 | 37803.5 | 42 | -1.7 | 1.8 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.3 | -24.5 |
| Kalpataru Projects International Ltd. | 1291.6 | 22057 | 19.4 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 66.5 | 60.9 |
| Cemindia Projects Ltd. | 1149.9 | 21206.8 | 35.3 | 0.8 | 2.1 | 24.9 | 8.4 | 10237.5 | 11.9 | 597.7 | 60.3 | 32.6 | 46.8 |
Quarterly
Annual
Balance Sheet
Ratios
Cash Flow
Ravita Engineering Services annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | Mar '26 | Mar '25 | Mar '24 |
|---|---|---|---|---|
| 277.8 | 109.3 | 13.5 | ||
Operating Exp. Ann. | 237.6 | 93 | 10.6 | |
Operating Profit Ann. | 40.1 | 15.7 | 2.9 | |
OPM Ann. % | 14.42% | 14.32% | 21.15% | |
| 240.4 | 93.5 | 11.4 | ||
EBITDA Ann. | 40.2 | 16.3 | 2.9 | |
EBITDA Ann. margin % | 14.48% | 14.95% | 21.41% | |
Interest Ann. | 0.7 | 0.4 | 0.7 | |
Depr. | 2.1 | 0.2 | 0.2 | |
PBT Ann. | 37.5 | 15.8 | 2.1 | |
Tax Ann. | 9.4 | 4 | 0.6 | |
| 28 | 11.8 | 1.5 | ||
Net Profit Ann. | 28 | 11.8 | 1.5 | |
NPM Ann. % | 10.10% | 10.88% | 11.17% | |
EPS Adj. latest Ann. | 7.4 | 3.1 | 0.4 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
154.2%
2Y CAGR
353.6%
Net Profit Ann.
1Y CHG
137.3%
2Y CAGR
332%
Operating Exp. Ann.
1Y CHG
155.5%
2Y CAGR
373.4%
Ravita Engineering Services INFORMATION ON IPO ISSUE
About Ravita Engineering Services
Ravita Engineering Services was incorporated on December 28, 2007. The company provides turnkey engineering, procurement, installation and commissioning services for HVAC, air-conditioning, chiller plants, compressors, cooling and other electromechanical systems across commercial and industrial establishments. It also offers operation and maintenance services for its own projects and systems installed by third-party providers
Object of the Issue
- To meet long-term working capital requirements of the company
- Funding capital expenditure requirements of the company towards purchase of certain heavy equipment
- General corporate purposes
Ravita Engineering Services - PROMOTERS
| Name |
|---|
| Vibhoar Agrawal |
| Rachita Agrawal |
| Starwings Realtors Private Limited |
Ravita Engineering Services - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Vibhoar Agrawal | Chairman & Executive Director |
| Sunildutt Narayan Goswami | Managing Director & Chief Executive Officer |
| Golock Chandra Sahoo | Non-Executive Independent Director |
| Manisha Khandelwal | Non-Executive Independent Director |
| Rupal Dhiren Haria | Non-Executive Independent Director |
Ravita Engineering Services Book Running Lead Manager
Vivro Financial Services Private Limited
investors@vivro.net
Ravita Engineering Services Registrar to the Offer
MUFG Intime India Private Limited
ravitaengineering.smeipo@in.mpms.mufg.com
Ravita Engineering Services Strengths
Integrated engineering solutions
The company provides electro-mechanical engineering solutions through EPIC and O&M services, covering project design, procurement, installation, testing and commissioning of HVAC, chillers, compressors and related systems. Its O&M services include maintenance, inspections, repairs and performance monitoring for systems installed by both the company and third-party providers
Strength
Balanced revenue mix
The company generates revenue from short-to-medium-term EPIC projects and multi-year O&M contracts across industries and geographies. This diversified mix supports growth through project opportunities while providing stable recurring income from long-term maintenance services
Strength
Offshore engineering expertise
The company has strong expertise in managing HVAC and electro-mechanical systems in challenging environments such as offshore oil and gas platforms, defence facilities and data centres. Its SOPs, emergency-response frameworks and preventive maintenance protocols support reliable operations, safety and compliance in these critical settings
Strength
Ravita Engineering Services Risks
Competitive bidding risks
A large portion of the company’s work orders are secured through competitive bidding, creating a risk of losing contracts in a highly competitive market and facing margin pressure. Delays in project execution or failure to qualify, win and successfully complete new contracts could adversely affect growth, cash flows and financial performance
Risk
Blacklisting risk
The company depends on contracts from public sector undertakings, government departments and corporate clients and must meet various tender and contractual requirements. Failure to comply could lead to disqualification, suspension or blacklisting, limiting future contracts and adversely affecting revenue, reputation and financial performance
Risk
Contract termination risk
The company’s contracts may be terminated early due to delays, non-compliance, project changes, budget constraints or client discretion. Such termination could lead to unrecovered costs, loss of expected revenue, reduced order book, disputes and increased financial and operational pressures
Risk
IPO FAQs
The promoters of the company are Vibhoar Agrawal, Rachita Agrawal and Starwings Realtors Private Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 105.0 - 112.0.
The IPO application opens on Oct 14, 2026 and closes on Oct 16, 2026.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 252,000.0, the maximum value for this IPO is Rs 268,800.0.
This IPO will be allotted on Oct 19, 2026.
The refund will be credited to your account on Oct 21, 2026.
The allotted shares will be credited to your demat on Oct 21, 2026.
Ravita Engineering Services Ltd.’s shares listed on the stock exchanges on Oct 22, 2026.