Ravita Engineering Services is set to debut on the NSE SME platform on Thursday, with a muted grey market premium of around 1%, indicating a potentially modest listing gain. The Rs 116.05 crore IPO, priced at Rs 105–112 per share, was subscribed 7.11 times overall. QIBs led demand with 13.21 times subscription, followed by NIIs at 7.42 times and individual investors at 3.50 times.