# Ravita Engineering IPO opens, GMP at Rs 4 2026-10-14T03:51:08+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet The initial public offering of Ravita Engineering Services Ltd. opened for subscription on Wednesday, 14 October 2026, and will close on 16 October. The book-built issue of Rs 116.05 crore is entirely a fresh issue of 1.04 crore shares, with a price band of Rs 105 to Rs 112 per share. In the grey market, the shares were commanding a premium of Rs 4 apiece, indicating an estimated listing gain of 3.57% over the upper price band. Retail investors must apply for at least 1,200 shares, with a minimum investment of Rs 2,68,800 at the upper price band. The allotment is expected to be finalised on 19 October, and the shares are tentatively scheduled to list on the NSE SME platform on 22 October 2026. The company plans to use Rs 70 crore of the proceeds for working capital and Rs 25.53 crore for capital expenditure. ## Indian Opinion Analysis The Rs 4 grey market premium is thin, suggesting lukewarm sentiment for an issue that is otherwise priced for growth. Ravita’s total income jumped 154% to Rs 278 crore in FY26, and profit rose 137% to Rs 28 crore, but the fresh issue is aimed at funding working capital rather than expansion. The company has secured data centre orders worth Rs 120 crore in Maharashtra, which could underpin future revenue. Investors will watch the allotment on 19 October and the listing on 22 October to see whether the modest premium holds or erodes. The grey market premium is an unofficial indicator and does not guarantee the listing price. ## Coverage - economictimes.indiatimes.com Straight IPO detail reporting with no evident slant. This brief was synthesised by AI from the source linked above. Tags: MUFG Intime India, NSE, Ravita Engineering Services, Vivro Financial Services Canonical: https://indianopinion.org/ravita-engineering-ipo-opens-gmp-at-rs-4/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/ravita-engineering-ipo-opens-gmp-at-rs-4/#story-in-brief How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/