Kolkata-headquartered Ravita Engineering Services will launch its maiden public issue worth Rs 116.05 crore on October 13, with the price band fixed at Rs 105-112 per share.
At the upper end of the price band, the company is valued at around Rs 422 crore.
The anchor book for institutional investors will open on October 12, while the SME issue will close on October 15. The share allotment is expected to be finalised by October 16, and the company’s shares are expected to be listed 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.