Stories
Ravita Engineering Services IPO Subscribed 1.62 Times on Day Two
M
Moneycontrol•15-10-2026, 22:13
Ravita Engineering Services IPO Subscribed 1.62 Times on Day Two
- •The initial public offering of Ravita Engineering Services was subscribed 1.62 times on October 15, the second day of bidding.
- •Investors placed bids for 1.2 crore equity shares against the 74.13 lakh shares on offer.
- •The non-institutional investors portion was subscribed 2.86 times and the retail portion saw 1.5 times subscription.
- •The company aims to raise Rs 116.05 crore through the IPO at a price band of Rs 105 to 112 per share.
- •Proceeds will be utilized for working capital requirements, purchasing heavy equipment, and general corporate purposes.
Key Questions Answered
On October 15, the second day of bidding, the Ravita Engineering Services initial public offering was subscribed 1.62 times, with investors placing bids for 1.2 crore equity shares against the 74.13 lakh shares on offer.
Ravita Engineering Services aims to raise Rs 116.05 crore through its initial public offering, comprising a fresh issue of 1.03 crore equity shares at the upper end of the price band of Rs 105 to 112 per share.
Out of the net IPO proceeds, Rs 70 crore will be dedicated to meeting long-term working capital requirements, Rs 25.5 crore will fund the purchase of certain heavy equipment, and the remaining funds will support general corporate purposes.
