- Issue price
- ₹99per share
- Issue size
- ₹175.06 Cr1,76,83,000 shares
- Face value
- ₹10per equity share
- Lot size
- 151 sharesMin. ₹14,949 at the upper price
- OpensTue, 2026
- ClosesFri, 2026
- AllotmentMon, 2026
- ListingWed, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- 1,76,83,000 shares (₹175.06 Cr)
- Offer for sale
- None
- Total issue
- 1,76,83,000 shares (₹175.06 Cr)
- Face value
- ₹10
- Listing at
- NSE, BSE
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail50.0%
- NII40.0%
- QIB10.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 88,41,500 | 50.00% | 50% |
| Non-institutional investors (NII) | 70,73,200 | 40.00% | 40% |
| Qualified institutional buyers (QIB) | 17,68,300 | 10.00% | 10% |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2025-26- EPS (basic)
- ₹6.91
- EPS (diluted)
- ₹6.91
- P/E (FY 2025-26 at higher price band)
- 14.33×
- RoNW
- 21.27%
- NAV per share (As at March 31, 2026)
- ₹32.48
- ROCE
- 22.66%
- EBITDA margin
- 20.81%
- PAT margin
- 13.69%
Source: ProspectusUpdated
Financials
Consolidated, restated · ₹ crore| Period ended | 31 Mar 2026FY 2025-26 | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 |
|---|---|---|---|
| Revenue from operations | 241.25 | 180.07 | 153.98 |
| Total income | 244.59 | 182.35 | 155.42 |
| EBITDA | 50.19 | 32.19 | 28.50 |
| Profit after tax | 33.03 | 21.10 | 17.39 |
| Net worth | 155.26 | 122.06 | 68.93 |
| Reserves and surplus | 107.45 | 74.25 | 66.40 |
| Total assets | 341.82 | 233.37 | 161.34 |
| Total borrowing | 52.54 | 22.27 | 19.69 |
FY 2025-26 vs FY 2024-25: revenue +34.0%, profit after tax +56.5%.
Source: ProspectusUpdated
About the company
The company designs, builds, operates and maintains overhead and underground utility infrastructure, mainly telecom and sewerage networks, with smaller gas pipeline and railway signalling activities. It works largely on government contracts and also takes private sub-contracts.
- Incorporated
- 2003
- Industry
- Infrastructure EPC
- CIN
- U45201DL2003PLC120995
- Website
- annuprojects.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Before issue | After issue |
|---|---|---|
| Sanjay Kumar Sarraf | — | — |
| Krishna Ranjan | — | — |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Capital expenditure for purchase of machinery or equipment | 15.41 |
| Working capital requirements | 115.00 |
| General corporate purposes | 24.16 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Likhitha Infrastructure Limited | ₹9.94 | 23.17× | 9.37% | ₹104.47 |
| Bondada Engineering Limited | ₹18.28 | 16.60× | 28.82% | ₹62.35 |
| EMS Limited | ₹16.3 | 24.65× | 8.62% | ₹190.03 |
| Suyog Telematics Limited | ₹54.7 | 16.11× | 12.88% | ₹42.5 |
| Annu Projects LimitedIssuer | ₹6.91 | — | 21.27% | ₹32.48 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Long experience of about two decades in telecom and sewerage utility infrastructure.
- Owns a large fleet of plant and machinery reducing reliance on third-party suppliers.
- Order book of about ₹ 9,386.53 million as at FY 2025-26 year end per KPI table.
- Revenue and profit grew across the three years shown in the restated financials.
Risks
- Over 90% of revenue comes from telecom and sewerage verticals, so a slowdown there would hurt results.
- About 57% to 65% of revenue comes from government customers under competitive bidding, with limited contract negotiation.
- Long receivable cycles; trade receivables were ₹ 1,567.70 million at March 31, 2026, with a holding period of 237 days.
- Net proceeds are based on management estimates and quotations not appraised by an independent agency.
- Large working capital needs for the BharatNet and railway projects may require additional borrowings.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹99) appear here after the shares list on NSE and BSE.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Annu Projects IPO open and close?
According to the Prospectus, the issue opens on Tuesday, 25 August 2026 and closes on Friday, 28 August 2026.
What is the Annu Projects IPO price band?
The final issue price is ₹99 per share.
What is the lot size of the Annu Projects IPO?
One lot is 151 shares, which is ₹14,949 at ₹99 per share.
Where will Annu Projects shares list?
On NSE and BSE. The tentative listing date is Wednesday, 2 September 2026.
Who is the registrar of the issue?
KFin Technologies Limited (SEBI registration INR000000221). Allotment status is checked on the registrar's website.
How do I check the Annu Projects IPO allotment status?
The basis of allotment is expected to be finalised on Monday, 31 August 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (KFin Technologies Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹15.41 Cr for capital expenditure for purchase of machinery or equipment, ₹115 Cr for working capital requirements, ₹24.16 Cr for general corporate purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.