PCI Infraprojects IPO (DRHP filed)
PCI Infraprojects Limited filed its draft red herring prospectus with SEBI on 5 Oct 2026. Price band, lot size and issue dates are announced only after SEBI observations and the RHP filing.
Last updated
- Stage
- DRHP Filed
- DRHP filed
- 5 Oct 2026
- Days since
- 13
- Issue size
- —
- Board
- Mainboard
- Price band
- TBA
PCI Infraprojects IPO status
PCI Infraprojects Limited filed its draft red herring prospectus (DRHP) with SEBI on . The issue can open only after SEBI issues its observations and the company files the RHP with the price band.
| DRHP filed | 5 Oct 2026 |
|---|---|
| Days since filing | 13 |
| SEBI observation | Awaited |
| Price band | TBA |
| Issue dates | TBA |
Share reservation by category
| Category | Shares Details |
|---|---|
| Qualified Institutions | Not More Than 50% of the Net Issue |
| Retail Investors | Not Less Than 35% of the Net Issue |
| Non-Institutional | Not Less Than 15% of the Net Issue |
PCI Infraprojects Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹283.87 Cr to ₹307.43 Cr, and profit after tax fell from ₹24.79 Cr to ₹23.85 Cr. The PAT margin for 31 Mar 2026 was 7.76%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 452.24 | 321.80 | 178.76 |
| Total Income | 307.43 | 283.87 | 204.84 |
| Profit After Tax | 23.85 | 24.79 | 12.67 |
| EBITDA | 53.50 | 51.00 | 26.74 |
| Net Worth | 77.62 | 53.84 | 28.89 |
| Total Borrowings | 145.55 | 78.64 | 56.38 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| ROE % | 36.29 | 59.93 | 56.16 |
| ROCE % | 39.97 | 51.70 | 41.87 |
| Debt / Equity | 2.02 | 1.52 | 2.04 |
| RoNW % | 30.71 | 46.05 | 43.85 |
| Pat Margin % | 7.84 | 8.78 | 6.21 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| PCI Infraprojects Ltd | 10 | — | 6.61 | 6.61 | 30.72% | 21.50 |
| Vikran Engineering Ltd | 1 | 14.10 | 4.05 | 4.05 | 7.41% | 47.98 |
| Laser Power and Infra Ltd | 5 | 19.88 | 13.18 | 13.18 | 20.90% | 63.05 |
| Lumino Industries Ltd | 5 | 15.56 | 6.75 | 6.75 | 21.93% | 29.95 |
Notes
All the financial information for listed industry peers is on a consolidated basis and is sourced from the financial information of such
listed industry peer as at and for the year ended March 31, 2026 available on the website of the stock exchanges or the Company.P/E Ratio has been computed based on September 28, 2026 the divided by the diluted earnings per share.
Basic EPS (₹) = In accordance with Ind AS 33, Basic earnings per share is calculated by dividing the restated profit or loss for the
year/ period attributable to equity shareholders of the company by the weighted average number of Equity Shares outstanding during
the year/ period;Diluted EPS (₹) = In accordance with Ind AS 33, Diluted earnings is calculated by dividing the restated profit/(loss) for the year /
period attributable to equity shareholders of the company by the weighted average number of Equity Shares outstanding during the
year/ period as adjusted for the effects of all dilutive potential Equity Shares during the year/ period.Return on net worth is calculated as restated profit/(loss) attributable to equity shareholder for the year/period divided by net worth.
Net Worth is aggregate value of the paid up share capital and all reserves created out of the profits and securities premium account
and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, deferred
expenditure and miscellaneous expenditure not written off, but does not include reserves created out of revaluation of assets / fair
value gain, write back of depreciation and amalgamation, in accordance with Regulation 2(1)(hh) of the SEBI ICDR Regulations.Net Asset Value per share (in ₹): Net Asset Value per Share is calculated as Net Worth as of the end of relevant year/ period divided
by the number of equity shares outstanding at the end of the year/ period. The Net Asset Value per share disclosed above is after
considering the impact of bonus sh1ares issued.
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of our Company | 140.00 |
| 2 | General Corporate Purposes | 0.00 |
| Total | 140 |
About PCI Infraprojects Limited
Incorporated in 2021, PCI Infraprojects Limited is an engineering, procurement, and construction (“EPC”) company engaged in solar energy, electricity distribution and transmission, and water infrastructure projects.
The Company executes EPC projects funded by the Central Government for state government departments, government undertakings, power utilities, and institutional customers across India.
Its key public sector clients include the New & Renewable Energy Department, Haryana/HAREDA; Madhya Pradesh Urja Vikas Nigam Limited; Tripura Renewable Energy Development Agency; Maharashtra State Electricity Distribution Company Limited; Maharashtra State Power Generation Company Limited; Rajasthan Renewable Energy Corporation Limited; Kerala State Electricity Board Limited; and Jodhpur Vidyut Vitran Nigam Limited.
The Company operates through two principal business segments: EPC Services and Manufacturing.
Under its EPC Project Services segment, the Company undertakes the execution of solar energy, electrical infrastructure, and water infrastructure projects. In addition, the Company has been engaged in the manufacturing of electrical cables and conductors since 2006, catering to the requirements of the power utility and infrastructure sectors.
The Company operates a manufacturing facility located in the Sitapura Industrial Area, Jaipur, Rajasthan. Its product portfolio comprises PVC-insulated (HD) electric cables, XLPE-insulated PVC-sheathed cables, LT XLPE aerial bunched cables, PVC-insulated U/A cables, and ACSR and AAAC conductors.
The Company has established a pan-India operational presence, with revenue from operations generated across several states and union territories, including Uttar Pradesh, Rajasthan, Tripura, Haryana, Madhya Pradesh, Maharashtra, Kerala, Uttarakhand, Delhi, Chhattisgarh, Jharkhand, West Bengal, Andhra Pradesh, Tamil Nadu, Bihar, Punjab, Assam, and Himachal Pradesh.
As of April 30, 2026, the Company employed 251 full-time employees and 83 contractual personnel across its manufacturing operations, EPC project execution activities, administrative functions, and other operational departments.
Promoters
Ankit Tayal
Mohit Sharma
Contact details
PCI Infraprojects Ltd.
SF-33, Aditya Mega Mall,
Plot No. 9(D),
Central Business District, Shahdara
Delhi, New Delhi, 110032
Telephone: 0120-6849502
E-mail: compliance@pciinfra.in
Website: https://www.pciinfra.in/
PCI Infraprojects IPO FAQs
- Has PCI Infraprojects IPO filed for an IPO?
- PCI Infraprojects Limited filed its draft red herring prospectus (DRHP) with SEBI on 5 Oct 2026.
- When will the PCI Infraprojects IPO open?
- Issue dates are announced after SEBI observations and the RHP filing. They are not available yet.
- What is the PCI Infraprojects IPO price band?
- The price band is announced a few days before the issue opens. It is not available yet.
Details are from the draft prospectus and can change in the final RHP. This is not investment advice.