Ravita Engineering Services IPO

Ravita Engineering Services IPO comprises a total issue size of 1,03,62,000 shares. The net offer to the public is 98,40,000 shares, after excluding 5,22,000 shares allotted on a firm basis. Of the Net offer 49,17,600 (49.98%) are allocated to QIB , 14,76,000 (15.00%) allocated to NII 34,46,400 (35.02%) allocated to RII .

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.

Incorporated in December 2007, 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 areas: Onshore, Offshore and Data Center. Its Onshore operations cover commercial, hospitality, corporate and industrial establishments, while its Offshore operations include rigs, platforms and other offshore marine installations.

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.

The Company's revenue from operations increased from ₹1,349.25 lakhs in Fiscal 2024 to ₹27,763.29 lakhs in Fiscal 2026, while EBITDA increased to ₹4,004.92 lakhs and profit after tax stood at ₹2,804.16 lakhs in Fiscal 2026.

As of June 30, 2026, the Company had 399 permanent employees, including 369 in site operations.

Competitive 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.

Ravita Engineering Services Ltd.'s revenue increased by 154% and profit after tax (PAT) rose by 137% between the financial year ending with March 31, 2026 and March 31, 2025.

The Ravita Engineering Services IPO is subscribed 7.11 times on October 16, 2026 5:54:59 PM (Day 3). The public issue subscribed 3.50 times in the individual investors category, 13.21 times in the QIB category, and 7.42 times in the NII category. Check Day by Day Subscription Details (Live Status)

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Total Applications: 6,309

*Market Maker portion is not included to NII/HNI.