The Ravita Engineering IPO is scheduled for October 13–15, 2026, with a ₹105–₹112 price band, according to NSE. The fresh-share issue would fund two distinct needs: its red herring prospectus proposes ₹70 crore for long-term working capital and ₹25.5292 crore, about ₹25.53 crore, for certain heavy equipment.
Operating funds and equipment are different uses
The RHP’s “Objects of the Issue” table gives ₹7,000 lakh for long-term working capital and ₹2,552.92 lakh for heavy-equipment capital expenditure. It also provides for general corporate purposes, with the amount to be finalised. These are issuer plans, not completed expenditure.
Working capital supports the funds needed to run operations; capital expenditure buys longer-lived equipment. The two allocations should not be combined and described solely as equipment investment. The ₹25.53 crore headline is a rounded conversion of the document’s ₹2,552.92 lakh figure.
NSE and the prospectus describe 10,362,000 fresh shares and no offer-for-sale component. Unlike HD Fire Protect’s seller-share offer, this structure raises funds for the issuer after relevant issue expenses. CapKet calculation: at ₹112, the stated shares imply approximately ₹116.05 crore in gross issue size if fully issued. Gross size is not net proceeds.
Do not stop at the quoted lot size
The exchange lists a 1,200-share lot. The prospectus defines minimum application size as two lots, with a value above ₹2 lakh. That implies 2,400 shares: ₹2,68,800 at ₹112, or ₹2,52,000 at ₹105. A one-lot value of ₹1,34,400 at the cap would therefore understate the minimum application commitment.
The price band does not establish what the shares will trade at after listing. The RHP cautions that sustained trading is not assured. No allotment, listing gain, subscription total or grey-market premium has been verified for this report.
Check the closing-day sequence
NSE gives normal bidding hours of 10 AM to 5 PM, with closing-day bidding up to 4 PM. The mandate-confirmation deadline is 5 PM on October 15. Submit and confirm through your intermediary in time for both stages; a mandate entry or blocked amount does not itself prove allotment.
NSE identifies Vivro Financial Services Private Limited as lead manager and MUFG Intime India Private Limited as registrar. The next useful documents are final pricing, allotment and exchange trading-permission notices—not a forecast inferred from these proposed spending allocations.
What CapKet verified
CapKet checked NSE’s RAVITA issue detail, its upcoming list and the exchange-hosted prospectus bundle at 1:55 AM IST on October 11, 2026. The reviewed RHP includes the offer cover, minimum-application definition on printed page 12 and objects table on printed page 108. This is pre-opening coverage, not a claim that subscriptions have started.