Bookbuilding IPO | ₹20 Cr | Listed at NSE SME | Fri, Mar 6, 2026 - Tue, Mar 10, 2026
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 bidding started from Mar 6, 2026 and ended on Mar 10, 2026. The allotment for Srinibas Pradhan Constructions IPO was finalized on Mar 11, 2026. The shares got listed on the NSE SME on Mar 13, 2026.
Srinibas Pradhan Constructions IPO is set final issue price at ₹98 per share. The lot size for an application is 1,200 shares. 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 is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd..
Refer to Srinibas Pradhan Constructions IPO RHP for detailed Information.
IPO Open
Fri, Mar 6, 2026
IPO Close
Tue, Mar 10, 2026
Issue Price
₹98 per share
Market Cap (Pre-IPO)
₹77.04 Cr
| IPO Date | 6 to 10 Mar, 2026 |
| Listed on | Fri, Mar 13, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹91 to ₹98 |
| Issue Price | ₹98 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 20,73,600 shares (agg. up to ₹20 Cr) |
| Reserved for Market Maker | 1,04,400 shares Rikhav Securities Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 16,09,200 shares (agg. up to ₹16 Cr) |
| Offer for Sale | 3,60,000 shares of ₹10 (agg. up to ₹4 Cr) |
| Net Offered to Public | 19,69,200 shares (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 61,47,397 shares |
| Share Holding Post Issue | 78,60,997 shares |
| NSE Symbol | SPCON |
| ISIN | INE0TPJ01019 |
Srinibas Pradhan Constructions IPO comprises a total issue size of 20,73,600 shares. The net offer to the public is 19,69,200 shares, after excluding 1,04,400 shares allotted on a firm basis. Of the Net offer 19,200 (0.98%) are allocated to QIB, 9,75,600 (49.54%) allocated to NII 9,74,400 (49.48%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 19,200 | 0.98% | 0.93% |
| NII (HNI) Shares Offered | 9,75,600 | 49.54% | 47.05% |
| − bNII > ₹10L | 6,50,400 | 31.37% | |
| − sNII < ₹10L | 3,25,200 | 15.68% | |
| Retail Shares Offered | 9,74,400 | 49.48% | 46.99% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,04,400 | 5.03% | |
| Total Shares Offered | 20,73,600 | 100.00% | 100.00% |
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 | 2,400 | ₹2,35,200 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,35,200 |
| S-HNI (Min) | 3 | 3,600 | ₹3,52,800 |
| S-HNI (Max) | 8 | 9,600 | ₹9,40,800 |
| B-HNI (Min) | 9 | 10,800 | ₹10,58,400 |
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:
SPCL participates in competitive bidding processes for infrastructure projects across the state of Odisha, catering to state government departments, central and state public sector undertakings, as well as private corporate clients.
The company's project portfolio covers roads, bridges, irrigation and canal works, civil construction, and industrial development.
As on Feb 15, 2026, the company has reported consolidated Order Book of Rs. 18,406.95 lakhs.
Competitive strengths:
| 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 | 1.88 | 0.06 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company. | 11.55 |
| 2 | Repayment of portion of loan availed by our Company | 1.00 |
| 3 | General Corporate Purpose. | 2.21 |
| Total | 14.76 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 21.67% | 55.76% |
| ROCE | 29.79% | 71.01% |
| Debt/Equity | 0.78 | 1.08 |
| RoNW | 21.67% | 55.76% |
| PAT Margin | 9.01% | 7.34% |
| EBITDA Margin | 16.76% | 14.50% |
| Price to Book Value | 3.58 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.71 | 10.45 |
| P/E (x) | 9.15 | 9.37 |
| Promoter Holding | 85.27% | 62.1% |
| Market Cap | ₹77.04 Cr. |
The Srinibas Pradhan Constructions IPO is subscribed 1.13 times on March 10, 2026 6:54:59 PM (Day 3). The public issue subscribed 0.69 times in the individual investors category, 1.13 times in the QIB category, and 1.57 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1.13 | 19,200 | 21,600 | 1 |
| NII* | 1.57 | 9,75,600 | 15,31,200 | 0 |
| bNII (> ₹10L) | 2.22 | 6,50,400 | 14,42,400 | |
| sNII (< ₹10L) | 0.27 | 3,25,200 | 88,800 | |
| Individual Investor | 0.69 | 9,74,400 | 6,76,800 | 282 |
| Total | 1.13 | 19,69,200 | 22,29,600 | 309 |
Total Applications: 309
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Manager | 0.75 |
| 2 | Fees Payable for Underwriting commission | 1.02 |
| 3 | Fees payable to the Legal Advisor to the Offer | 0.02 |
| 4 | Fees payable to the Registrar to the Offer | 0.01 |
| 5 | Advertising and Marketing Expenses | 0.05 |
| 6 | Fees payable to the Regulators including stock exchanges | 0.07 |
| 7 | Selling commission and processing fees for SCSBs | 0.03 |
| 8 | Payment for Printing and Distribution of Offer Stationary | 0.02 |
| 9 | Other (Fees payable to Peer Review Auditor, Brokerage, Processing Fees for application and miscellaneous expenses) | 0.07 |
| Total | 2.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹98.00 |
| Open | ₹100.05 |
| Low | ₹100.05 |
| High | ₹105.05 |
| Last Trade | ₹104.40 |
Lead Manager Reports
Srinibas Pradhan Constructions IPO is a SME IPO of 20,73,600 equity shares of the face value of ₹10 aggregating up to ₹20 Crores. The issue is priced at ₹98 per share. The minimum order quantity is 1200.
The IPO opens on Fri, Mar 6, 2026, and closes on Tue, Mar 10, 2026.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Srinibas Pradhan Constructions IPO using UPI as a payment gateway. Zerodha customers can apply in Srinibas Pradhan Constructions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Srinibas Pradhan Constructions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Srinibas Pradhan Constructions IPO opens on Fri, Mar 6, 2026 and closes on Tue, Mar 10, 2026.
Srinibas Pradhan Constructions IPO lot size is 1200, and the minimum amount required for application is ₹2,35,200, with 2 lots being the minimum application size.
You can apply in Srinibas Pradhan Constructions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Srinibas Pradhan Constructions IPO will be done on Wednesday, March 11, 2026, and the allotted shares will be credited to your demat account by Thu, Mar 12, 2026. Check the Srinibas Pradhan Constructions IPO allotment status.
The Srinibas Pradhan Constructions IPO listing date is on Fri, Mar 13, 2026.
