New Delhi, Sept. 4 -- The shares of Oval Projects Engineering witnessed a lacklustre listing in trade on Thursday, September 4, on the BSE SME platform. Oval Projects Engineering share price opened at Rs.85.25, up 0.29% against its issue price of Rs.85 apiece.

During the session so far, Oval Projects Engineering hit a high of Rs.86.

The demand for Oval Projects Engineering IPO was also tepid, with the issue receiving just 1.61 times bids. The retail portion of the SME IPO was booked 83%, the non-institutional investor (NII) segment 82% and the qualified institutional buyer (QIB) quota 6.21 times.

The Rs.47 crore SME IPO was entirely a fresh issue of 0.55 crore shares, sold in the range of Rs.80 to Rs.85 apiece.

Oval Projects Engineeri...