Oval Projects Engineering Ltd

Oval Projects Engineering IPO Proceeds Update 📊

• IPO raised ₹46.74 crore through 54,99,200 equity shares at ₹85 per share

• Net proceeds after issue expenses: ₹40.97 crore

• ₹38.96 crore utilized as of March 31, 2026

• Utilization breakdown: ₹29.81 crore working capital, ₹3.85 crore general corporate purposes, ₹5.3 crore issue expenses

• ₹7.78 crore unutilized funds invested in fixed deposits with major banks

• ₹14.07 crore working capital expenses prepaid ahead of schedule

• No deviations from IPO objects or implementation delays reported