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Srinibas Pradhan Constructions IPO: Dates, Price Band & Lot Size Details
Srinibas Pradhan Constructions IPO Overview
Srinibas Pradhan Constructions Limited is launching its SME IPO with a book building issue aimed at raising approximately ₹20.32 crore. The IPO is priced in the band of ₹91 to ₹98 per equity share, with each share having a face value of ₹10. The issue comprises both fresh shares and an offer-for-sale portion, and is set to be listed on the NSE SME platform.
IPO Important Dates
| Event | Date |
|---|---|
| IPO Open Date | 06 Mar 2026 |
| IPO Close Date | 10 Mar 2026 |
| Basis of Allotment | 11 Mar 2026 |
| Refunds | 12 Mar 2026 |
| Credit to Demat | 12 Mar 2026 |
| Listing Date | 13 Mar 2026 |
The subscription window for the issue opens on 6th March 2026 and closes on 10th March 2026, with tentative listing scheduled for 13th March 2026 on NSE SME.
Issue Price & Size
| Attribute | Details |
|---|---|
| Price Band | ₹91 – ₹98 per share |
| Face Value | ₹10 per share |
| Total Issue Size | 20,73,600 shares (₹20.32 Cr) |
| Fresh Shares | 17,13,600 shares |
| Offer for Sale | 3,60,000 shares |
| Listing Exchange | NSE SME |
The company’s IPO will include a mix of fresh issue shares and an offer for sale contributing to the total issue size.
Market Lot & Investment Amount
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 2,35,200 |
| Retail (Max) | 2 | 2,400 | 2,35,200 |
| S-HNI (Min) | 3 | 3,600 | 3,52,800 |
| S-HNI (Max) | 8 | 9,600 | 9,40,800 |
| B-HNI (Min) | 9 | 10,800 | 10,58,400 |
Investors can bid in minimum lots of 2,400 shares, and bids must be in multiples of 1,200 shares beyond the minimum requirement.
IPO Reservation Details
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| QIB (Ex. Anchor) | 19,200 | 0.93% |
| NII (HNI) | 9,75,600 | 47.05% |
| Retail Investors | 9,74,400 | 46.99% |
The issue is allocated across different investor categories with nearly equal proportions for non-institutional and retail investors.
Company & Business Summary
Srinibas Pradhan Constructions Limited, incorporated in 2020, operates in the infrastructure and utilities sector. The company undertakes a range of civil and industrial construction projects including roads, highways, bridges, electricity infrastructure, and mining infrastructure. Its business model revolves around securing and executing contracts through competitive bidding, especially within the state of Odisha.
Allotment & Listing Timeline
Once bidding closes on 10th March 2026, the basis of allotment is expected to be finalized on 11th March 2026. Refunds will be processed and shares credited to investors’ demat accounts by 12th March 2026, with the IPO set to debut on the exchange on 13th March 2026.
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