The Rajputana Stainless Limited IPO is an upcoming public issue that has attracted attention from investors…
Srinibas Pradhan Constructions IPO Opens; Check GMP and Key Details
The Srinibas Pradhan Constructions IPO opened for subscription on March 6, 2026 and will remain available for bidding until March 10, 2026. The SME public issue aims to raise around ₹20 crore through a combination of fresh shares and an offer for sale. The IPO is offered in a price band of ₹91 to ₹98 per share and is proposed to be listed on the NSE SME platform.
The issue consists of a fresh issue of approximately 17.13 lakh shares along with an offer for sale of about 3.60 lakh shares by existing shareholders. At the upper price band, the company’s estimated market valuation stands at around ₹77 crore.
In the grey market, the Srinibas Pradhan Constructions IPO GMP is currently around ₹0, indicating a neutral sentiment among investors ahead of the listing. Grey market activity is often used as an early indicator of demand for IPO shares, though it does not guarantee actual listing performance.
Srinibas Pradhan Constructions IPO GMP
| IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit (₹) | Est. Profit (%) | Last Updated |
|---|---|---|---|---|---|
| ₹98 | ₹0 | ₹98 | ₹0 | 0% | 4:08 PM |
Srinibas Pradhan Constructions IPO Details
| IPO Open Date | March 6, 2026 |
|---|---|
| IPO Close Date | March 10, 2026 |
| Price Band | ₹91 to ₹98 per share |
| Face Value | ₹10 per share |
| Issue Size | ₹20.32 Crore |
| Fresh Issue | 17,13,600 Shares |
| Offer for Sale | 3,60,000 Shares |
| Lot Size | 1,200 Shares |
| Listing Exchange | NSE SME |
Srinibas Pradhan Constructions IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | March 6, 2026 |
| IPO Close Date | March 10, 2026 |
| Allotment Finalisation | March 11, 2026 |
| Refund Initiation | March 12, 2026 |
| Shares Credited to Demat | March 12, 2026 |
| IPO Listing Date | March 13, 2026 |
Company Overview
Srinibas Pradhan Constructions operates in the infrastructure and construction sector, primarily focusing on road construction and development projects. The company undertakes projects related to rural roads, urban roads, and district highways, contributing to regional infrastructure growth.
Over the past few years, the company has reported consistent growth in its business operations. For the financial year ending March 31, 2025, the company recorded total income of ₹89.73 crore and profit after tax of ₹6.59 crore, showing a notable increase compared to previous financial years.
The IPO proceeds are expected to support the company’s business expansion plans and strengthen its financial position. With infrastructure development continuing to grow in India, companies involved in road construction and related projects are expected to benefit from increased government spending and new project opportunities.
Listing Outlook
The current GMP of ₹0 indicates that the market is expecting a flat listing at present. Investor participation and subscription demand during the IPO period will play a key role in determining the final listing performance once the shares debut on the exchange.
Related Posts
