Ravita Engineering Opens ₹116.05 Crore IPO, ₹491 Crore Order Book Supports Expansion
Mumbai: Ravita Engineering Services will open its ₹116.05 crore initial public offering on October 13, with a price band of ₹105–112 per share. The issue closes on October 15, and the shares are proposed to list on NSE Emerge. The HVAC engineering company’s fresh issue comprises 1,03,62,000 equity shares with a face value of ₹5 each. Anchor bidding was scheduled for October 12. IPO Funds To…
Mumbai: Ravita Engineering Services is set to launch its ₹116.05 crore initial public offering (IPO) on October 13, with a share price range of ₹105–112. The shares are expected to be listed on NSE Emerge following the closing of the issue on October 15. The company seeks to raise funds through the IPO to support its long-term working capital requirements, equipment purchases, and general corporate purposes.
Chairman and Executive Director Vibhoar Agrawal emphasized that the funds would bolster order execution and enhance delivery capabilities, particularly in the data centre business segment. The IPO will be managed by Vivro Financial Services as the book-running lead manager and handled by MUFG Intime India as the registrar.
As of June 30, 2026, Ravita Engineering Services boasts an impressive order book valued at ₹491.12 crore across 21 projects. Among these, ₹120 crore is allocated to data centre work orders. The company has been actively involved in data centre infrastructure projects in Maharashtra. Its operations encompass onshore facilities, offshore rigs and platforms, and data centres, with a focus on both project implementation and maintenance services.
In the fiscal year 2026 (FY26), Ravita Engineering Services reported a significant revenue increase, soaring from ₹13.49 crore in FY24 to ₹277.63 crore. The company's profit after tax (PAT) also grew considerably, reaching ₹28.04 crore in FY26. The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) margin stood at 14.43%, while the PAT margin reached 10.09%.
In the quarter ending June 2026, Ravita reported revenue of ₹97.31 crore, with EBITDA and PAT margins of 14.42% and 10.40%, respectively.
Ravita Engineering Services specializes in HVAC engineering services, offering engineering, procurement, installation, and commissioning services for HVAC, central air-conditioning, airflow, chiller, and cooling systems. The company also provides system maintenance and upkeep. The company's services extend to offshore work, including the installation of six rigs and 16 associated platforms.
Recently, Ravita is undertaking the installation of subsea discharge pipelines for an effluent treatment plant at Numaligarh Refinery's crude oil import terminal in Paradip, Odisha.
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