NSE SME Ravita Engineering Services' market debut lacks lift
Mumbai, Oct. 22 -- The scrip was listed at Rs 112, matching the issue price. The stock is currently down 1.25% from its listing price.
The counter hit a high of Rs 112.30 and a low of Rs 106.40. About 36.91 lakh shares changed hands on the NSE.
Ravita Engineering Services' IPO was subscribed 6.68 times. The IPO opened for subscription on 14 October 2026 and closed on 16 October 2026. The price band was Rs 105-112 per share.
The IPO comprised an entirely fresh issue of 1.0362 crore shares aggregating to approximately Rs 116.05 crore.
Ravita Engineering Services plans to utilise Rs 70 crore of the IPO proceeds to meet its long-term working capital requirements and Rs 25.53 crore towards capital expenditure for the purchase of heavy equi...
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