Ravita Engineering Services, a Kolkata-headquartered electro-mechanical projects and services provider, will open its maiden public issue worth Rs 116.05 crore for subscription on October 13.
The price band for the offer has been fixed at Rs 105-112 per share, valuing the company at Rs 422 crore.
The initial public offering (IPO) comprises an entirely fresh issue of 1.03 crore equity shares. The offer size has been reduced from the 1.25 crore equity shares planned earlier, according to the draft offer document filed in March 2026.
The anchor book will open for a day for institutional investors on October 12, while the offer will close for public subscription on October 15. The IPO share allotment is expected to be finalised by October 16, while trading in the shares of the engineering solutions company is expected to commence on the NSE Emerge platform on October 21.
Ravita Engineering Services provides engineering, procurement, installation and commissioning services for heating, ventilation and air-conditioning (HVAC) systems, central air-conditioning solutions, air-flow systems, chiller plants, industrial compressors, cooling equipment and other related electromechanical equipment on a turnkey basis for commercial and industrial establishments. The company also provides operation and maintenance services.