Annu Projects IPO
Bookbuilding IPO | ₹175.00 Cr | Listing at BSE, NSE
IPO Open
Tue, Aug 25, 2026
IPO Close
Fri, Aug 28, 2026
Price Band
₹94.00 to ₹99.00
Market Cap (Pre-IPO)
₹648.38 Cr
IPO Details
| IPO Date | Aug 25, 2026 to Aug 28, 2026 |
| Listing Date | Tentative: Sep 02, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹94.00 to ₹99.00 |
| Lot Size | 151 Shares (Minimum: ₹14,949.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹175.00 Crores |
| Total Shares Offered | 17,683,000 shares |
| Fresh Issue | 17,683,000 shares |
| Offer For Sale | 17,683,000 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 1.72x |
| NII | 3.55x |
| RII | 2.68x |
| Total | 2.93x |
Annu Projects IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 10.00 |
| Retail Shares Offered | 50.00 |
| NII Shares Offered | 40.00 |
Annu Projects IPO Lot Size
Investors can bid for a minimum of 151 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 151 | ₹14,949 |
| Retail (Max) | 13 | 1,963 | ₹194,337 |
| S-HNI (Min) | 14 | 2,114 | ₹209,286 |
| S-HNI (Max) | 66 | 9,966 | ₹986,634 |
| B-HNI (Min) | 67 | 10,117 | ₹1,001,583 |
Annu Projects Financial Information (Restated Consolidated)
Annu Projects Ltd.'s revenue increased by 34% and profit after tax (PAT) rose by 56% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 341.82 | 233.37 | 161.34 |
| Total Income | 244.59 | 182.35 | 155.42 |
| Profit After Tax | 33.03 | 21.10 | 17.39 |
| EBITDA | 50.19 | 32.19 | 28.50 |
| NET Worth | 155.26 | 122.06 | 68.93 |
| Reserves and Surplus | 107.45 | 74.25 | 66.39 |
| Total Borrowing | 52.54 | 22.27 | 19.69 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 17.29% |
| ROCE (Return on Capital Employed) | 20.59% |
| Debt/Equity | 0.20 |
| RoNW (Return on Net Worth) | 17.29% |
| PAT Margin (Profit After Tax Margin) | 11.72% |
| EBITDA Margin | 17.88% |
| Price to Book Value | 3.88 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.91 | 5.04 |
| P/E (x) | 14.33 | 19.64 |
Company Overview
Annu Projects Ltd. – Company Overview
- Annu Projects Ltd. is an Engineering, Procurement and Construction (EPC) company engaged in the design, development, implementation, operation, and maintenance of overhead and underground utility infrastructure.
- The company operates across key infrastructure verticals including telecom infrastructure, sewerage infrastructure, and gas pipelines.
- The company also undertakes projects in the railway signalling vertical.
- As of June 30, 2026, the company had 23 ongoing projects worth ₹19,593.48 million, comprising 4 telecom infrastructure projects, 14 sewerage projects, 4 gas pipeline projects, and 1 railway signalling project.
Company Strengths
- Engineering, procurement and commissioning projects with special focus on underground and overhead utilities infrastructure
- Project management with integrated execution capabilities
- Strong order book
- Strong and consistent financial performance
- Experienced leadership and strong management team
Use of Proceeds
| 1) | Funding capital expenditure requirements of Company for purchase of machinery or equipment | 15.41 |
| 2) | Funding working capital requirements of the Company | 115.00 |
| 3) | General Corporate Purposes | |
| Total | 130.41 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Annu Projects IPO Peer Comparison
Annu Projects peer comparison with similar listed entities. (As on March 31, 2024)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Annu Projects | 6.91 | 6.91 | 32.48 | - | 21.27 | - | Standalone |
| Likhitha Infrastructure | 9.94 | 9.94 | 104.47 | 23.17 | 9.37 | - | Consolidated |
| Bondada Engineering | 18.28 | 18.25 | 62.35 | 16.60 | 28.82 | - | Consolidated |
| EMS | 16.30 | 16.30 | 190.03 | 24.65 | 8.62 | - | Consolidated |
| Suyog Telematics | 54.70 | 52.40 | 42.50 | 16.11 | 12.88 | - | Consolidated |
Quick Info
| Sector | Engineering, Procurement, and Construction (EPC) and infrastructure utilities |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹648.38 Cr |
Important Dates
| IPO Open | Aug 25, 2026 |
| IPO Close | Aug 28, 2026 |
| Allotment Date | Aug 31, 2026 |
| Credit to Demat | Sep 01, 2026 |
| Listing Date | Tentative: Sep 02, 2026 |
Lead Manager(s)
Mefcom Capital Markets Ltd.
Registrar
Description
- IPO Type: Book build issue aggregating to ₹175.06 crores.
- Issue Structure: Entirely a fresh issue of 1.77 crore shares aggregating to ₹175.06 crores.
- IPO Dates: The issue opened on August 25, 2026 and closed on August 28, 2026.
- Allotment Date: The allotment is expected to be finalized on August 31, 2026.
- Listing Details: The shares are proposed to be listed on both NSE and BSE on September 2, 2026.
- Retail Investment Requirement: Minimum 1 lot (151 shares) amounting to approximately ₹14,949 (at the upper price band).
- Issue Price Band: ₹94 to ₹99 per equity share.
- Lot Size: 151 shares per lot.
This IPO offers investors an opportunity to participate in the company through an entirely fresh issue of shares.