Srinibas Pradhan Constructions IPO...
28 Feb, 2026
Srinibas Pradhan Constructions IPO
Srinibas Pradhan Construction IPO is a book-building IPO of ₹20.32 crore, comprising a fresh issue of 0.17 crore shares worth up to ₹16.79 crore and an offer for sale of 0.04 crore shares worth up to ₹3.53 crore. The price band for this IPO is set at ₹91 to ₹98 per share and the lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail investor) is ₹2,35,200 (2,400 shares). This IPO will be open for subscription from March 6 to 10, 2026, on the NSE SME platforms with a tentative listing date fixed as March 13, 2026.
Company Background
Srinibas Pradhan Constructions Ltd. is a specialized infrastructure development company incorporated in 2020 with its base at Jharsuguda, Odisha. The company has its origins as a proprietor concern established by Mr. Srinibas Pradhan in 2001. The company undertakes critical civil engineering projects such as roads, highways, bridges and industrial constructions, mainly for government departments and public sector undertakings.
Operations & Product Range
Facilities & Capacity
Srinibas Pradhan Constructions Ltd. has a strong fleet of heavy machinery and equipment to carry out large-scale infrastructure projects. Their capabilities also include working with specialized materials such as aggregates, bitumen and steel for high-level bridges and industrial buildings with multiple stories. With a robust backward integration model, they have the technical capabilities to work on multiple projects at the same time in multiple districts of the state of Odisha.
Brands & Market Presence
Srinibas Pradhan Constructions Ltd. has developed a good brand name in the Odisha infra sector. The company actively engages in competitive bidding for government projects in Odisha and other government sectors. It mainly operates in the B2G space. The company has a good brand name for its execution in irrigation projects, canals and industrial development. It has long-term associations with different municipal and local urban bodies.
Revenue Channels
- • Revenue generated from EPC (Engineering, Procurement and Construction) projects (government projects) for roads and highways.
- • Income generated from specialized high-level bridge construction and industrial shed fabrication.
- • Revenue generated from constructing factories, foundations and multi-storied industrial buildings.
- • Execution of electricity and mining infrastructure projects for public and private sector clients.
Management and Shareholding
Promoter and Shareholding
Srinibas Pradhan Constructions Ltd. is promoted by Mr. Srinibas Pradhan and Mr. Ramakanta Pradhan, who bring with them decades of experience. Before the IPO, the entire equity of the company was with the promoter group, but with the IPO, there will be a small dilution in the equity; however, the promoters continue to hold majority control of the company.
Board & Key Management
The board and management of Srinibas Pradhan Construction Ltd. comprise the MD, Srinibas Pradhan and Chairman, Ramakanta Pradhan, along with the company’s Director, Jyotshna Pradhan. The management is also complemented by the company’s CS, Surbhi Agrawal and independent directors such as Biranchi Narayan Hota and Prithiw.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Srinibas Pradhan Constructions IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Srinibas Pradhan Constructions IPO Details
| Detail | Description |
|---|---|
| IPO Date | 6 to 10 Mar, 2026 |
| Listing Date | Fri, Mar 13, 2026 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹91 to ₹98 |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital & OFS |
| Total Issue Size | 20,73,600 shares (agg. up to ₹20 Cr) |
| Reserved for Market Maker | 1,04,400 shares (agg. up to ₹1 Cr) Rikhav Securities Ltd. |
| 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) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 61,47,397 shares |
| Share Holding Post Issue | 78,60,997 shares |
Srinibas Pradhan Constructions IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Fri, Mar 6, 2026 |
| IPO Close Date | Tue, Mar 10, 2026 |
| Tentative Allotment | Wed, Mar 11, 2026 |
| Initiation of Refunds | Thu, Mar 12, 2026 |
| Credit of Shares to Demat | Thu, Mar 12, 2026 |
| Tentative Listing Date | Fri, Mar 13, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Srinibas Pradhan Constructions IPO Lot Size
| 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 |
Srinibas Pradhan Constructions IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 85.27% |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • Established leader presence in the market
- • Experienced management and key personnel to manage the decision-making
- • Diverse project portfolio
Srinibas Pradhan Constructions IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2025 | 56.67 | 45.63 | 4.11 | 22.01 | 15.87 | 17.17 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2025 | 55.76 | 89.73 | 6.59 | 15.91 | 11.55 | 17.25 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 20.83 | 35.27 | 3.55 | 7.72 | 3.57 | 1.88 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 6.50 | 26.35 | 1.48 | 2.67 | 2.57 | 0.06 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 21.67% |
| ROCE | 29.79% |
| Debt/Equity | 0.78 |
| RoNW | 21.67% |
| PAT Margin | 9.01% |
| EBITDA Margin | 16.76% |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 10.71 | 10.45 |
| P/E (x) | 9.15 | 9.37 |
IPO Objectives
- • Funding the working capital requirements
- • Repayment of debt (in part or in full)
- • General corporate purposes
Conclusion
Srinibas Pradhan Constructions IPO is an opportunity for investors to hold ownership by investing in a growing company that operates in the infrastructure and utilities sector and participates in the tender for government department projects and private corporate clients as well. This issue aims to fund the working capital requirement and repayment of outstanding borrowing. The financial statement has shown a positive report with growing revenue and profit.
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Frequently Asked Questions (FAQs)
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What does Srinibas Pradhan Constructions Ltd. do?
The company operates in the infrastructure and utilities sector, specialised in the execution of construction projects, like roads, highways and so on.
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What is the total issue size of the Srinibas Pradhan Constructions IPO?
The total issue size of this IPO is 20.73 lakh shares that are worth up to ₹20 Cr.
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What are the subscription opening and listing dates for the Srinibas Pradhan Constructions IPO?
The subscription opening date is finalized from March 6 to March 10, 2026 and the listing date is March 13, 2026.
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Who are the BRLM and Registrar of the Srinibas Pradhan Constructions IPO?
The Book Building Lead Manager (BRLM) for this issue is Novus Capital Advisors Private Ltd. and the registrar of the issue is Maashitla Securities Pvt. Ltd.
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What is the issue type of the Srinibas Pradhan Constructions IPO and where will the shares be listed?
This issue is a bookbuilding IPO. The equity shares will be listed on the NSE SME platform.
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How will Srinibas Pradhan Constructions Ltd. use its IPO proceeds?
IPO proceeds will be used to fund the working capital requirements (₹11.55 crore), repayment of debt (in part or in full) (₹1 crore) and the rest for the general corporate purposes.
