The company is raising Rs 116.05 crore through the IPO, comprising a fresh issue of 1.03 crore equity shares. The price band for the offer was fixed at Rs 105-112 per share.
Investors placed bids for 4.95 crore equity shares against the 74.13 lakh shares on offer, through 6,309 applications.
The share allotment for the Ravita Engineering Services IPO is expected to be finalised by October 19, while the company's shares are likely to list on the NSE Emerge platform on October 22.
In the grey market, Ravita Engineering Services shares were trading at a premium of nearly 2%, according to market observers. However, the grey market premium (GMP) is unofficial and may fluctuate before listing.
The engineering solutions company specialises in the engineering, procurement, installation and commissioning (EPIC) of heating, ventilation and air-conditioning (HVAC) systems, central air-conditioning solutions, airflow systems, chiller plants, industrial compressors, cooling equipment and other related electromechanical equipment on a turnkey basis.