Ravita Engineering Services IPO Subscription Status Day 3: Issue Subscribed 7.11 Times

Mumbai, October 16: The Ravita Engineering Services IPO was subscribed 7.11 times overall by 5:19 PM on October 16, 2026, the third day of bidding, according to the subscription figures provided. Qualified institutional buyers (QIBs), excluding anchor investors, subscribed 13.21 times their allocated portion. The non-institutional investor (NII) category recorded subscription of 7.42 times, while individual investors subscribed 3.50 times. The ₹116.05 crore bookbuilding issue opened on October 14 and closes on October 16, 2026. The issue comprises a fresh issue of 1.04 crore shares, with a price band of ₹105 to ₹112 per share. The minimum application for individual investors is 2,400 shares, requiring ₹2,68,800 at the upper end of the price band.

Ravita Engineering Services IPO Day 3 Subscription Status

The Ravita Engineering Services IPO recorded an overall subscription of 7.11 times by 5:19 PM on October 16. Bids were received for 4,90,16,400 shares against 68,91,600 shares offered to the public, excluding the anchor investor and market maker portions. The snapshot recorded 6,309 applications in total. The QIB category, excluding anchor investors, led the subscription figures at 13.21 times, with bids for 2,60,12,400 shares against 19,69,200 shares offered. The NII category was subscribed 7.42 times, receiving bids for 1,09,51,200 shares against 14,76,000 shares offered. Within the NII segment, big NIIs, applying for amounts above ₹10 lakh, subscribed 9.11 times. Small NIIs, applying for amounts below ₹10 lakh, recorded subscription of 4.06 times. Individual investors subscribed 3.50 times, with bids for 1,20,52,800 shares against 34,46,400 shares offered. The overall subscription stood at 1.14 times on the opening day and increased to 1.70 times on October 15 before reaching 7.11 times on the final day.

Ravita Engineering Services IPO Day-wise Subscription Summary

The IPO’s overall subscription rose from 1.14 times on October 14 to 1.70 times on October 15, before reaching 7.11 times on October 16. QIB subscription, excluding anchor investors, increased from 1.05 times on Day 1 to 1.33 times on Day 2 and 13.21 times on Day 3. NII subscription rose from 1.69 times to 2.57 times before reaching 7.42 times on the final day. Individual investor subscription increased from 0.95 times on the opening day to 1.53 times on the second day and 3.50 times on the third day.

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, while the tentative listing is scheduled for October 22 on the NSE SME platform.

Brief Overview Of The Ravita Engineering Services IPO

The Ravita Engineering Services IPO is a ₹116.05 crore bookbuilding issue comprising a fresh issue of 1.04 crore shares. The price band is ₹105 to ₹112 per share, with a face value of ₹5 per share. The minimum application for individual investors is 2,400 shares, amounting to ₹2,68,800 at the upper price band. The minimum small HNI application is 3,600 shares, requiring ₹4,03,200. The public issue allocation comprises 49.98% for QIBs, 15.00% for NIIs and 35.02% for individual investors, based on the net issue figures provided. A separate reservation of 5,22,000 shares, or 5.04% of the total issue, is allocated to the market maker. Vivro Financial Services Pvt. Ltd. is the book-running lead manager, MUFG Intime India Pvt. Ltd. is the registrar, and Pace Stock Broking Services Pvt. Ltd. is the market maker. The issue opened on October 14 and closed on October 16, 2026. The tentative listing date is October 22, 2026, on the NSE SME platform.

Source: 

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