Bvishal Oil and Energy Files IPO Papers with Sebi for Fundraise

• Bvishal Oil and Energy, an onshore oilfield services provider, has filed preliminary papers with Sebi for an IPO.
• The IPO includes a fresh issue of 1.8 crore shares and an offer for sale of 77.09 lakh shares.
• Proceeds from the fresh issue will fund capital expenditure, working capital, and general corporate purposes.
• The company plans to allocate Rs 120.9 crore for machinery acquisition and Rs 45 crore for working capital.
• Bvishal Oil and Energy provides integrated onshore oilfield services, with an order book of Rs 660.85 crore as of February 2026.