- Issue price
- ₹146per share
- Issue size
- ₹427.14 Cr2,92,56,232 shares
- Face value
- ₹5per equity share
- Lot size
- 102 sharesMin. ₹14,892 at the upper price
- Anchor biddingTue, 2026
- OpensWed, 2026
- ClosesFri, 2026
- AllotmentTue, 2026
- ListingThu, 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 and offer for sale
- Fresh issue
- 1,76,71,232 shares (₹258 Cr)
- Offer for sale
- 1,15,85,000 shares (₹169.14 Cr)
- Total issue
- 2,92,56,232 shares (₹427.14 Cr)
- Face value
- ₹5
- Listing at
- NSE, BSE
- Promoter holding
- 18.00% → 16.90%
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail35.0%
- Anchor30.0%
- QIB ex-anchor20.0%
- NII15.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 1,02,39,682 | 35.00% | — |
| Non-institutional investors (NII) | 43,88,435 | 15.00% | — |
| Qualified institutional buyers (QIB) | 1,46,28,115 | 50.00% | — |
| QIB, excluding anchor | 58,51,246 | 20.00% | — |
| Anchor investors | 87,76,869 | 30.00% | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹146 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 1 | 102 | ₹14,892 |
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
Fiscal 2026- EPS (basic)
- ₹10.42
- EPS (diluted)
- ₹10.42
- P/E (Fiscal 2026 at Cap Price)
- 14.01×
- RoNW
- 32.24%
- NAV per share (At Offer Price)
- ₹39.58
- Debt to equity
- 0.97
- EBITDA margin
- 14.44%
- PAT margin
- 7.96%
Source: ProspectusUpdated
Financials
Consolidated, restated · ₹ crore| Period ended | 31 Mar 202612 months | 31 Mar 202512 months | 31 Mar 202412 months |
|---|---|---|---|
| Revenue from operations | 3,600.25 | 2,918.29 | 2,438.91 |
| Total income | 3,639.45 | 2,941.01 | 2,449.79 |
| EBITDA | 519.90 | 401.04 | 241.37 |
| Profit after tax | 286.44 | 223.63 | 122.00 |
| Net worth | 888.41 | 604.99 | 382.83 |
| Reserves and surplus | 752.41 | 468.99 | 348.83 |
| Total assets | 2,447.54 | 1,727.46 | 1,129.99 |
| Total borrowing | 860.65 | 746.77 | 421.64 |
12 months vs 12 months: revenue +23.4%, profit after tax +28.1%.
Source: ProspectusUpdated
About the company
A multidisciplinary EPC contractor based in Gujarat, focused mainly on irrigation and water supply projects for government and other customers. It also runs O&M work and has a precast concrete unit in Gujarat.
- Incorporated
- 2017
- Industry
- Infrastructure EPC
- CIN
- U45500GJ2017PLC100301
- Website
- lccprojects.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Type | Before issue | After issue | Shares offered |
|---|---|---|---|---|
| Maya Arjan Rabari | Promoter | — | — | — |
| Sejuben Arjanbhai Rabari | Promoter group | 9.00% | 8.45% | — |
| Geeta Lalji Ahir | Promoter group | 9.00% | 8.45% | — |
| Arjan Suja Rabari | Selling shareholder | 41.00% | 36.50% | 57,92,500 |
| Laljibhai Arjanbhai Ahir | Selling shareholder | 41.00% | 36.50% | 57,92,500 |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Purchase of equipment | 14.69 |
| Prepayment or repayment of certain borrowings | 180.00 |
| General corporate purposes | 41.73 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Vishnu Prakash R Punglia Limited | -₹12.04 | — | — | ₹50.54 |
| Enviro Infra Engineers Limited | ₹10.42 | 19.14× | 15.28% | ₹70.23 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Long track record in irrigation and water supply EPC projects in Gujarat and other states.
- Order book of about ₹79,532 million as of March 31, 2026.
- Revenue and profit grew strongly over Fiscal 2024 to Fiscal 2026.
- In-house design and engineering team.
Risks
- Receivables are high and rising as a share of revenue, which may strain cash flows.
- Debt-to-equity is higher than listed peers, raising financial risk.
- Contingent liabilities are about 14.6% of net worth.
- Several operating premises are leased on short tenures and some lease agreements are not adequately stamped.
- Use of proceeds includes prepaying borrowings, and utilisation is not appraised by any bank.
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
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹146) 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 LCC Projects IPO open and close?
According to the Prospectus, the issue opens on Wednesday, 9 September 2026 and closes on Friday, 11 September 2026.
What is the LCC Projects IPO price band?
The final issue price is ₹146 per share.
What is the lot size of the LCC Projects IPO?
One lot is 102 shares, which is ₹14,892 at ₹146 per share.
Where will LCC Projects shares list?
On NSE and BSE. The tentative listing date is Thursday, 17 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 LCC Projects IPO allotment status?
The basis of allotment is expected to be finalised on Tuesday, 15 September 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?
₹14.69 Cr for purchase of equipment, ₹180 Cr for prepayment or repayment of certain borrowings, ₹41.73 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.