Ravita Engineering Services IPO
Ravita Engineering Services IPO is an SME IPO raising ₹116 Cr at ₹105 – ₹112 a share. It listed on 22 Oct 2026 at ₹112, 0.0% against its issue price of ₹112, and trades at ₹113 today (+1.2% since issue). It was subscribed 8.32× in total.
8.3 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
100% of this issue is existing shareholders cashing out. Only ₹116 Cr reaches the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs112 + OFS by subtraction from exchange total Rs1.0362e+07 Cr. Checked: exchange issue size Rs1.0362e+07 Cr vs derived Rs1.0362e+07 Cr (0.0% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
The issuer names no comparable listed companies: “There are no listed companies whose business operations are similar to that of our Company or are of a comparable size to that of our Company. Accordingly, it is not possible to provide an industry comparison in relation to our Company.”
derived: cut-off price Rs112 / stated EPS Rs11.05 (Fiscal 2026 (year ended March 31, 2026) BASIC EPS; document only prints Basic EPS, not Diluted EPS. EPS computed after share split (Rs10 to Rs5, Jan 29, 2026) and 100:1 bonus (Feb 19, 2026).). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.