Ravita Engineering Services IPO Subscription Status Day 2: Issue Subscribed 1.70 Times

Mumbai, October 15: The Ravita Engineering Services IPO was subscribed 1.70 times overall by 5:30 PM on October 15, 2026, according to the latest exchange data supplied. On the second day of bidding, the non-institutional investor (NII) category recorded subscription of 2.57 times, while retail investors subscribed 1.53 times. Qualified institutional buyers (QIBs), excluding anchor investors, subscribed 1.33 times their allocated portion. The ₹116.05 crore bookbuilding issue opened on October 14 and is scheduled to close on October 16, 2026. The IPO comprises a fresh issue of 1.04 crore shares. The price band is fixed at ₹105 to ₹112 per share, with a lot size of 1,200 shares. At the upper price band, the minimum retail investment is ₹2,68,800 for one application of 2,400 shares.

Ravita Engineering Services IPO Day 2 Subscription Status

As of 5:30 PM on October 15, 2026, the issue had received bids for 1,16,82,000 shares against 68,91,600 shares offered across the reported categories, excluding anchor investors and the market maker portion. The exchange snapshot recorded 2,584 applications.

The NII category recorded the highest subscription among the three main investor categories at 2.57 times. Within this segment, the big NII category for applications above ₹10 lakh was subscribed 3.14 times, while the small NII category for applications up to ₹10 lakh recorded 1.44 times subscription. Retail investors subscribed 1.53 times their reserved portion. The QIB category, excluding anchor investors, recorded subscription of 1.33 times.

The cumulative subscription figures are based on the exchange snapshot recorded at 5:30 PM on October 15, 2026.

Ravita Engineering Services Day-wise Subscription Summary

The IPO was subscribed 1.14 times on Day 1, October 14, before overall subscription increased to 1.70 times on Day 2, October 15. NII subscription rose from 1.69 times to 2.57 times, while retail demand increased from 0.95 times to 1.53 times. QIB subscription, excluding anchor investors, moved from 1.05 times to 1.33 times.

Ravita Engineering Services IPO Timeline

The basis of allotment is scheduled for October 19, 2026. Refunds and credit of shares are expected on October 21, followed by the tentative listing on the NSE SME platform on October 22, 2026.

Brief Overview Of  The Ravita Engineering Services IPO

Ravita Engineering Services IPO is a ₹116.05 crore bookbuilding issue comprising a fresh issue of 1.04 crore shares. The issue opened on October 14 and is scheduled to close on October 16, 2026. The price band is ₹105 to ₹112 per share, and the lot size is 1,200 shares. The minimum retail application comprises 2,400 shares, requiring an investment of ₹2,68,800 at the upper price band. The issue is scheduled to list on the NSE SME platform, with October 22, 2026, set as the tentative listing date. Vivro Financial Services Pvt. Ltd. is the book-running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar to the issue. Pace Stock Broking Services Pvt. Ltd. is the market maker, according to the supplied IPO details.

Source:

• https://www.nseindia.com/market-data/issue-information?symbol=RAVITA&series=SME&type=Active