Srinibas Pradhan Constructions IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 91 – 98
Lot Size
1200
Issue Size
₹20 Cr
Minimum Investment
₹235200 (2400 Shares)
Listing Date
13 March 2026
Subscription
1.19x
About the Company
Incorporated in 2020, Srinibas Pradhan Constructions Limited (SPCL) operates in the infrastructure and utilities sector, delivering engineering and construction solutions across multiple segments. The company undertakes projects primarily in the state of Odisha, serving state government departments, central and state public sector undertakings, and private sector clients through competitive bidding processes.
Core Business Segments
1. Roads and Highways
SPCL specializes in the construction and development of rural roads, major district roads, and urban road networks. The company utilizes quality construction materials such as aggregates, sand, tar, and cement to ensure durability, safety, and long-term performance of road infrastructure.
2. Bridges and Steel Structures
The company executes high-level bridges and undertakes fabrication and erection of steel structures for bridges and industrial sheds. Its capabilities include structural engineering and project execution tailored to transportation and industrial infrastructure requirements.
3. Civil Construction
SPCL provides comprehensive civil construction services, including:
- Foundation and substructure work
- Superstructure development
- Multi-storied buildings
- Factories and industrial facilities
These services cater to both public infrastructure projects and private industrial development initiatives.
Project Portfolio
The company’s diversified project portfolio includes:
- Roads and highways
- Bridges
- Irrigation and canal works
- General civil construction
- Industrial infrastructure development
Order Book Position
As of February 15, 2026, SPCL reported a consolidated order book of ₹18,406.95 lakhs, reflecting a healthy pipeline of ongoing and upcoming projects and providing revenue visibility for the near to medium term.
Promoters
- Mr. Ramakanta Pradhan
- Mr. Srinibas Pradhan
Promoters Holding
Holding Pre Issue
85.27%
Holding Post Issue
0.00%
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding the working capital requirements of our Company
- Repayment/prepayment, in full or part, of certain loans availed by our Company
- General Corporate Purpose
Address / Contact Info
Srinibas Pradhan Constructions Ltd. Address
C/O- Srinibas Pradhan, Near Chuakani Po-Lamtibaha,
Jharsuguda, Jharsuguda,
Jharsuguda, Odisha, 768216
Email:cs@srinibaspradhan.com
Tel No:+91 6645 251105
Website:http://www.srinibaspradhan.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 06 March 2026
IPO Close Date
Tuesday, 10 March 2026
Basis of Allotment
Wednesday, 11 March 2026
Initiation of Refunds
Thursday, 12 March 2026
Credit of Shares to Demat
Thursday, 12 March 2026
Listing Date
Friday, 13 March 2026 — NSE & BSE
Important Dates
Open Date
06 March 2026
Close Date
10 March 2026
Basis Of Allotment
11 March 2026
Listing Date
13 March 2026
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 56.67 | 55.76 | 20.83 | 6.5 |
| Revenue | 45.63 | 89.73 | 35.27 | 26.35 |
| Profit After Tax | 4.11 | 6.59 | 3.55 | 1.48 |
| Net Worth | 22.01 | 15.91 | 7.72 | 2.67 |
| Reserve & Surplus | 15.87 | 11.55 | 3.57 | 2.57 |
| Total Borrowings | 17.17 | 17.25 | 1.88 | 0.06 |
EPS Pre
10.71%
EPS Post
10.45%
P/E Pre
9.15
P/E (Post Issue)
9.37x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 21.67 | 55.76 | 68.36 | 104.65 |
| ROCE % | 29.79 | 71.01 | 84.29 | 125.21 |
| Debt / Equity | 0.78 | 1.08 | 0.24 | 0.02 |
| RoNW % | 21.67 | 55.76 | 68.36 | 104.65 |
| PbW | 0 | 0 | 0 | 0 |
| Pat Margin % | 9.01 | 7.34 | 10.06 | 5.62 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 19200 | 0.98 | 0 |
| Non-Institutional | 975600 | 49.54 | 0 |
| BNII | 650400 | 33.03 | 0 |
| SNII | 325200 | 16.51 | 0 |
| Retail Investors | 974400 | 49.48 | 0 |
| Total | 1969200 | 100 | 0 |
Subscription Status ( Tue, 10 Mar 26 01:31 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 19200 | 21600 | 1.13x |
| Non-Institutional | 975600 | 1635600 | 1.68x |
| BNII | 650400 | 1546800 | 2.38x |
| SNII | 325200 | 88800 | 0.27x |
| Retail Investors | 974400 | 676800 | 0.69x |
| Total | 1969200 | 2334000 | 1.19x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Srinibas Pradhan Constructions Ltd | 10 | 0.00 | 6.89 | 6.89 | 21.67 | 35.81 |
| AVP Infracon Ltd | 10 | 11.84 | 9.29 | 9.29 | 16.29 | 63.80 |
| Sonu Infratech Ltd | 10 | 15.74 | 5.28 | 5.28 | 8.34 | 69.10 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 235,200.00 |
| Retail (Max) | 2 | 2,400 | 235,200.00 |
| S-HNI (Min) | 3 | 3,600 | 352,800.00 |
| S-HNI (Max) | 8 | 9,600 | 940,800.00 |
| B-HNI (Min) | 9 | 10,800 | 1,058,400.00 |
Registrar
Maashitla Securities Pvt. Limited
011-45121795-96
investor.ipo@maashitla.com
https://www.maashitla.com
Book Running Lead Managers
- NOVUS CAPITAL ADVISORS PRIVATE LIMITED
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Srinibas Pradhan Constructions IPO is a worth ₹20 crores. The price band is ₹91 to 98 per share. The IPO opens on Fri, Mar 6, 2026 and closes on Tue, Mar 10, 2026. It will be listed on BSE and NSE. Maashitla Securities Pvt. Limited is the registrar.
The Srinibas Pradhan Constructions IPO opens on Fri, Mar 6, 2026 and closes on Tue, Mar 10, 2026
Srinibas Pradhan Constructions IPO Price Band is ₹91 to 98.
Srinibas Pradhan Constructions IPO lot size is 1200, and the minimum amount required for application is ₹235200.
The minimum investment for Srinibas Pradhan Constructions IPO is approximately ₹235200 based on the upper price band.
To apply for the Srinibas Pradhan Constructions IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Mar 10, 2026. After submission, funds are blocked until the basis of allotment of Srinibas Pradhan Constructions IPO is finalised.
Srinibas Pradhan Constructions IPO issue size is ₹20 crores.
Srinibas Pradhan Constructions IPO allotment date is Sat, Jun 27, 2026.
The registrar for Srinibas Pradhan Constructions IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website for IPO allotment status, refund processing, and other queries related to Srinibas Pradhan Constructions IPO through their official website or helpline.