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Allotment

Srinibas Pradhan Constructions Limited

Srinibas Pradhan Constructions Limited is launching a book-built IPO aggregating to ₹20.32 crores. The issue comprises a fresh issue of 0.17 crore equity shares amounting to ₹16.79 crores and an offer for sale (OFS) of 0.04 crore shares totaling ₹3.53 crores.

The IPO will open for subscription on March 6, 2026, and close on March 10, 2026. The allotment is expected to be finalized on March 11, 2026. The company’s shares are proposed to be listed on the NSE SME platform, with a tentative listing date of March 13, 2026.

The price band for the issue has been fixed at ₹91 to ₹98 per share. The lot size is 1,200 shares. Retail investors are required to apply for a minimum of 2 lots (2,400 shares), which amounts to ₹2,35,200 at the upper price band. For HNI investors, the minimum application size is 3 lots (3,600 shares), totaling ₹3,52,800.

Novus Capital Advisors Private Limited acted as the Book Running Lead Manager for the issue, while Maashitla Securities Pvt. Ltd. served as the registrar. The market maker for the IPO is Rikhav Securities Ltd..

Srinibas Pradhan Constructions Limited IPO & Charts
₹98

0%

Open

₹98

HIgh - Low

₹98

Previous Close

₹98

Total Traded Value

0

52 Weeks High

₹98

52 Weeks Low

₹98

Updates On

March 2, 2026

IPO. Open

Mar 6, 2026

IPO. Close

Mar 10, 2026

IPO. Price

₹98.00

IPO Market price

₹77.04 Cr

IPO Details

IPO Date 13 Mar
IPO Listing Date 13 Mar
IPO Face Value ₹10.00 per share
IPO Price Range ₹98.00
IPO Issue Size 20,73,600 shares
IPO Sale Type Fresh Capital
Employee Discount -
IPO Issue Type Bookbuilding IPO
IPO Listing NSE SME Platform
Share Holding Pre Issue 61,47,397 shares

IPO Timeline

IPO Open Date 6 Mar
IPO Close Date 10 Mar
IPO Allotment (Tentative) 11 Mar
Refunds 12 Mar
Credit to Demat Account 12 Mar
IPO Listing Date 13 Mar

IPO Reservation

Category Offer
QIB Shares Offered 19,200 Shares
NII (HNI) Shares Offered 9,75,600 Shares
Retail Shares Offered 9,74,400 Shares

IPO Lot Size

Investors can apply for a minimum of 2,400 shares, and bids must be placed in multiples of 1,200 shares thereafter.

Application Lots Share Amount
Individual investors (Retail) (Min) 2 2,400 ₹2,35,200
Individual investors (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
About Company

Srinibas Pradhan Constructions Limited (SPCL), incorporated in 2020, operates in the infrastructure and utilities sector. The company specializes in executing projects related to roads, highways, bridges, electricity infrastructure, and mining infrastructure.

Core Business Activities

SPCL is engaged in infrastructure development across multiple segments, with a primary focus on:

Roads and Highways:
Construction of rural roads, major district roads, and urban roads using quality materials such as aggregates, sand, tar, and cement to ensure durability and reliability.

Bridges and Steel Structures:
Execution of high-level bridges and fabrication of steel structures for bridges and industrial sheds.

Civil Construction:
Comprehensive civil construction services, including foundations, superstructures, multi-storey buildings, factories, and industrial facilities.

The company participates in competitive bidding for infrastructure projects primarily across the state of Odisha, serving state government departments, central and state public sector undertakings, and private corporate clients.

SPCL’s project portfolio spans roads, bridges, irrigation and canal works, civil construction, and industrial development projects.

As of February 15, 2026, the company reported a consolidated order book of ₹18,406.95 lakhs.

Competitive Strengths

  • Established industry reputation
  • Experienced workforce
  • Strong backward integration capabilities
  • Diversified project portfolio
-

Company Financials (Consolidated)

Assets 56.67 55.76 20.83
Total Income 45.63 89.73 35.27
Profit After Tax 4.11 6.59 3.55
EBITDA 7.64 13.01 5.58
Net Worth 22.01 15.91 7.72
Reserves and Surplus 15.87 11.55 3.57
Total Borrowing 17.17 17.25 1.88

Key Performance Indicator (KPI)

ROE 21.67%
ROCE 29.79%
Debt/Equity 0.78
RoNW 21.67%
PAT Margin 9.01%
EBITDA Margin 16.76%
Price to book value -
IPO Objective

IPO Objects of the Issue

S.No. Objects of the ipo Resources Detail IPO Amount
1 Funding capital expenditure requirements for the purchase of equipment/machineries -
2 To meet out the expenses of Working Capital Requirement 11.55
3 To meet out the General Corporate Purposes; -
4 Offer for Sale (OFS) -

Contact Details

Srinibas Pradhan Constructions Ltd. Address
C/O- Srinibas Pradhan, Near Chuakani Po-Lamtibaha,
Jharsuguda, Jharsuguda,
Jharsuguda, Odisha, 768216
+91 6645 251105
cs@srinibaspradhan.com
https://www.srinibaspradhan.com/

Detail Registrar

IPO Registrar
Maashitla Securities Pvt.Ltd.

+91-11-45121795-96
Investor.ipo@maashitla.com
https://maashitla.com/allotment-status/public-issues

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