Srinibas Pradhan Constructions IPO
Srinibas Pradhan Constructions IPO
Overview
Srinibas Pradhan Constructions IPO is a book build issue of ₹20.32 crores. The issue is a combination of fresh issue of 0.17 crore shares aggregating to ₹16.79 crores and offer for sale of 0.04 crore shares aggregating to ₹3.53 crores. Srinibas Pradhan Constructions IPO opens for subscription on Mar 6, 2026 and closes on Mar 10, 2026. The allotment for the Srinibas Pradhan Constructions IPO is expected to be finalized on Mar 11, 2026. Srinibas Pradhan Constructions IPO will list on NSE SME with a tentative listing date fixed as Mar 13, 2026. Srinibas Pradhan Constructions IPO price band is set at ₹91 to ₹98 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,35,200 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,52,800. Novus Capital Advisors Private Limited was the book running lead manager and Maashitla Securities Pvt.Ltd. was the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd..
Total Shares
20,73,600
Issue Size
₹20 Cr
Price Band
₹91 – ₹98
Lot Size
1200 shares
Min. Investment
₹2,35,200
Max. Investment
₹2,35,200
Open Date
06 Mar, 2026
Close Date
10 Mar, 2026
Allotment
11 Mar, 2026
Listing
13 Mar, 2026
Max. Investment
₹2,35,200
Announced
06 Mar, 2026
Opening Date
06 Mar, 2026
Closing Date
10 Mar, 2026
Basis of Allotment
11 Mar, 2026
Initiation of Refunds
12 Mar, 2026
Credit of Shares
12 Mar, 2026
Listing Date
13 Mar, 2026
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About Srinibas Pradhan Constructions IPO
Incorporated in 2020, Srinibas Pradhan Constructions Limited (SPCL) operates in the infrastructure and utilities sector, specializing in the execution of projects related to roads, highways, bridges, electricity infrastructure, and mining infrastructure.
Core Business Activities
SPCL is actively engaged in infrastructure development across a range of sectors, with a primary focus on:
- Roads and Highways: Construction of rural, major district, and urban roads using h
Srinibas Pradhan Constructions IPO Share Price
Issue Breakdown
Shareholding
Dilution: 27.9% increase in shares
Srinibas Pradhan Constructions IPO Financial Health
Srinibas Pradhan Constructions IPO Lot Size
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2400 | ₹2,35,200 |
| Individual investors (Retail) (Max) | 2 | 2400 | ₹2,35,200 |
| S-HNI (Min) | 3 | 3600 | ₹3,52,800 |
| S-HNI (Max) | 8 | 9600 | ₹9,40,800 |
| B-HNI (Min) | 9 | 10800 | ₹10,58,400 |
(All values in CR)
Srinibas Pradhan Constructions IPO Valuations
| Metric | Value |
|---|---|
| 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 | - |
(All values in CR)
Srinibas Pradhan Constructions IPO Strength & Risk
Srinibas Pradhan Constructions IPO Strengths 👍
- Operates in road, bridge, and civil infrastructure construction projects
- Strong execution track record in government and public sector projects
- Holds necessary licenses and registrations to participate in higher-value tenders
- ISO certifications reflecting quality and compliance standards
- Experienced management team with sector knowledge
- Growing order book supporting revenue visibility
- Revenue and profit growth in recent financial years
Srinibas Pradhan Constructions IPO Risks ⚠️
- Business operations largely concentrated in a single state
- Heavy dependence on government contracts and tender-based projects
- Revenue concentration from a limited number of clients
- Exposure to project delays, cost overruns, and execution risks
- Capital-intensive nature of construction business may strain cash flows
- Intense competition in infrastructure and EPC sector
- Working capital requirements may remain high
- SME listing may lead to lower liquidity and higher volatility
Srinibas Pradhan Constructions IPO Subscriptions Status
Srinibas Pradhan Constructions IPO subscribed 1.12 times. The public issue subscribed 0.68 times in the individual investors category, 1.13 times in QIB (Ex Anchor), and 1.56 times in the NII category by March 10, 2026 3:40:00 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Market Maker | 1.00 | 1,04,400 | 1,04,400 | 1.023 |
| QIB (Ex Anchor) | 1.13 | 19,200 | 21,600 | 0.212 |
| NII | 1.56 | 9,75,600 | 15,26,400 | 14.959 |
| bNII (> ₹10L) | 2.22 | 6,50,400 | 14,42,400 | 14.136 |
| sNII (< ₹10L) | 0.26 | 3,25,200 | 84,000 | 0.823 |
| Individual Investors | 0.68 | 9,74,400 | 6,62,400 | 6.492 |
| Total | 1.12 | 19,69,200 | 22,10,400 | 21.662 |
Srinibas Pradhan Constructions IPO GMP
Srinibas Pradhan Constructions SME IPO last GMP is ₹0, last updated Mar 10th 2026 02:54 PM. With the price band of 98.00, Srinibas Pradhan Constructions SME IPO's estimated listing price is ₹98 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.
Last updated 10 Mar, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 10 Mar, 2026 | 98 | ₹0 | - | ₹98 (0.00%) | - | 10 Mar, 2026 |
| 09 Mar, 2026 | 98 | ₹0 | - | ₹98 (0.00%) | - | 09 Mar, 2026 |
| 08 Mar, 2026 | 98 | ₹0 | - | ₹98 (0.00%) | - | 08 Mar, 2026 |
| 07 Mar, 2026 | 98 | ₹0 | - | ₹98 (0.00%) | - | 07 Mar, 2026 |
| 06 Mar, 2026 | 98 | ₹0 | - | ₹98 (0.00%) | - | 06 Mar, 2026 |
| 05 Mar, 2026 | 98 | ₹0 | - | ₹98 (0.00%) | - | 05 Mar, 2026 |
| 04 Mar, 2026 | 98 | ₹0 | - | ₹98 (0.00%) | - | 04 Mar, 2026 |
| 03 Mar, 2026 | 98 | ₹0 | - | ₹98 (0.00%) | - | 03 Mar, 2026 |
| 02 Mar, 2026 | 98 | ₹0 | - | ₹98 (0.00%) | - | 02 Mar, 2026 |
| 01 Mar, 2026 | 98 | ₹0 | - | ₹98 (0.00%) | - | 01 Mar, 2026 |
| 28 Feb, 2026 | 98 | ₹0 | - | ₹98 (0.00%) | - | 28 Feb, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Srinibas Pradhan Constructions IPO
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