Srinibas Pradhan Constructions IPO
Bookbuilding IPO | ₹20.00 Cr | Listing at NSE SME
IPO Open
Fri, Mar 06, 2026
IPO Close
Tue, Mar 10, 2026
Price Band
₹91.00 to ₹98.00
Market Cap (Pre-IPO)
₹77.04 Cr
IPO Details
| IPO Date | Mar 06, 2026 to Mar 10, 2026 |
| Listing Date | Tentative: Mar 13, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹91.00 to ₹98.00 |
| Lot Size | 1200 Shares (Minimum: ₹117,600.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Issue Size | ₹20.00 Crores |
| Total Shares Offered | 2,073,600 shares |
| Fresh Issue | 1,609,200 shares |
| Offer For Sale | 360,000 shares |
Srinibas Pradhan Constructions IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 19,200 (0.93%) |
| Retail Shares Offered | 9,74,400 (46.99%) |
| NII Shares Offered | 9,75,600 (47.05%) |
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 |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹235,200 |
| Retail (Max) | 2 | 2,400 | ₹235,200 |
| S-HNI (Min) | 3 | 3,600 | ₹352,800 |
| S-HNI (Max) | 8 | 9,600 | ₹940,800 |
Srinibas Pradhan Constructions Financial Information (Restated Consolidated)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 56.67 | 55.76 | 20.83 | 6.50 |
| Total Income | 45.63 | 89.73 | 35.27 | 26.35 |
| Profit After Tax | 4.11 | 6.59 | 3.55 | 1.48 |
| EBITDA | 7.64 | 13.01 | 5.58 | 2.15 |
| NET Worth | 22.01 | 15.91 | 7.72 | 2.67 |
| Reserves and Surplus | 15.87 | 11.55 | 3.57 | 2.57 |
| Total Borrowing | 17.17 | 17.25 | 3.57 | 0.06 |
Amount in ₹ Cr
Company Overview
Srinibas Pradhan Constructions Limited – Company Overview
- Incorporated in 2020, operates in the infrastructure and utilities sector.
- Specializes in execution of projects related to roads, highways, bridges, electricity infrastructure, and mining infrastructure.
- Primarily operates across the state of Odisha through competitive bidding.
Core Business Activities
Roads & Highways
- Construction of rural roads, major district roads, and urban roads.
- Uses quality materials such as aggregates, sand, tar, and cement to ensure durability and long service life.
Bridges & Steel Structures
- Execution of high-level bridges.
- Fabrication and erection of steel structures for bridges and industrial sheds.
Civil Construction
- Comprehensive civil works including:
- Foundations & superstructures
- Multi-storied buildings
- Factories & industrial facilities
- Irrigation and canal works
Client Base
- State Government Departments
- Central & State Public Sector Undertakings (PSUs)
- Private corporate clients
- Secures projects through competitive tendering processes.
Project Portfolio Coverage
- Roads & highways
- Bridges
- Irrigation & canal infrastructure
- Industrial & civil construction projects
Order Book Position
- As on February 15, 2026, reported a consolidated order book of ₹18,406.95 lakhs, providing revenue visibility for upcoming financial periods.
- Positioned as a growing regional EPC contractor, focusing on infrastructure expansion and industrial development in Odisha.
Quick Info
| Sector | Infrastructure and Engineering Construction |
| Exchange | NSE SME |
| Market Cap (Pre-IPO) | ₹77.04 Cr |
Important Dates
| IPO Open | Mar 06, 2026 |
| IPO Close | Mar 10, 2026 |
| Allotment Date | Mar 11, 2026 |
| Credit to Demat | Mar 12, 2026 |
| Listing Date | Tentative: Mar 13, 2026 |
Lead Manager(s)
Novus Capital Advisors Private Limited
Registrar
Maashitla Securities Pvt.Ltd.
Description
- IPO Type: Book build issue aggregating to ₹20.32 crores.
- Issue Structure: Combination of a fresh issue of 0.17 crore shares (₹16.79 crores) and an offer for sale of 0.04 crore shares (₹3.53 crores).
- IPO Dates: The issue opens on March 6, 2026 and closes on March 10, 2026.
- Allotment Date: Expected to be finalized on March 11, 2026.
- Listing Details: Shares are proposed to be listed on the SME platform of the National Stock Exchange of India (NSE SME) on March 13, 2026 (tentative).
- IPO Price Band: ₹91 to ₹98 per equity share.
- Lot Size: 1,200 shares per lot.
- Retail Investment Requirement: Minimum 2 lots (2,400 shares) amounting to approximately ₹2,35,200 at the upper price band.
- HNI Investment Requirement: Minimum 3 lots (3,600 shares) totaling around ₹3,52,800.
The IPO offers investors an opportunity to participate in an SME construction sector listing, subject to market risks.