As per PTI report, Bvishal Oil and Energy has filed its draft papers with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO).
The proposed issue comprises a fresh issue of 1.8 crore equity shares and an offer for sale of 77.09 lakh shares by existing shareholders, as per the draft red herring prospectus.
The structure indicates a combination of new capital raising and partial stake dilution. Details on pricing and timing of the issue are yet to be finalised.
Funds raised through the fresh issue are proposed to be utilised towards capital expenditure, working capital requirements, and general corporate purposes. The company has set aside ₹120.9 crore for the purchase of machinery and equipment.
Around ₹45 crore is proposed to be allocated towards working capital needs. The remaining amount will be used for general corporate purposes, as outlined in the filing.
Unistone Capital has been appointed as the sole book-running lead manager to the issue.
The company operates in the onshore oilfield services segment, offering services across different stages of oil and gas well operations. Its activities include exploration support, production services, and maintenance operations.
Its service portfolio covers well intervention and stimulation, surface production testing, gas processing and operations and maintenance. It also undertakes production enhancement services and enhanced oil recovery projects.
As of February 2026, the company and its subsidiaries reported an order book of ₹660.85 crore. It has executed 86 projects with a cumulative value of ₹689.24 crore.
These projects span various service offerings within the oilfield services segment, showing ongoing operational activity.
Revenue from operations stood at ₹174 crore in FY25, compared with ₹181 crore in the previous financial year. Profit after tax was reported at ₹30.91 crore in FY25, marginally lower than ₹31.63 crore in FY24.
The figures show a slight decline in both revenue and profit on a year-on-year basis.
Read More: Upcoming IPO: Kay Jay Forgings Files DRHP with SEBI to Raise Funds for Expansion!
The draft filing outlines the company’s plans to raise funds primarily for equipment purchase and operational requirements, alongside a partial exit by existing shareholders
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 2, 2026, 11:53 AM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
