Srinibas Pradhan Constructions IPO
Srinibas Pradhan Constructions Limited · Infrastructure / Construction
- Price band
- To be announcedNot in this filing
- Issue size
- 20,73,600 sharesAmount set with price
- Face value
- ₹10per equity share
- Lot size
- To be announcedMin. investment shown once set
- OpensFri, 2026
- ClosesTue, 2026
- AllotmentWed, 2026
- ListingFri, 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
- 17,13,600 shares
- Offer for sale
- 3,60,000 shares
- Total issue
- 20,73,600 shares
- Market maker portion
- 1,04,400 shares
- Face value
- ₹10
- Listing at
- NSE Emerge
- RHP date
- 26 Feb 2026
Source: Red Herring Prospectus dated 26 Feb 2026Updated
Reservation
Share of the total issue- Retail47.0%
- Small NII31.4%
- Big NII15.7%
- QIB0.9%
- Market maker5.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 9,74,400 | 49.48% | — |
| Non-institutional investors (NII) | 9,75,600 | 49.54% | — |
| Small NII (₹2–10 lakh) | 6,50,400 | 33.03% | — |
| Big NII (above ₹10 lakh) | 3,25,200 | 16.51% | — |
| Qualified institutional buyers (QIB) | 19,200 | 0.98% | — |
| Market maker | 1,04,400 | — | — |
Source: Red Herring Prospectus dated 26 Feb 2026Updated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
Weighted average (pre-bonus), pre-issue- EPS (basic)
- ₹42.6
- RoNW (Weighted average)
- 68.11%
- NAV per share (Sep 30, 2025)
- ₹35.81
P/E and market cap are calculated once the price band is announced.
Source: Red Herring Prospectus dated 26 Feb 2026Updated
Financials
Consolidated, restated · ₹ crore| Period ended | 30 Sep 20256 months | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|---|
| Revenue from operations | 45.59 | 89.68 | 35.27 | 26.35 |
| Total income | 45.63 | 89.73 | 35.27 | 26.35 |
| EBITDA | 7.64 | 13.01 | 5.58 | 2.15 |
| Profit after tax | 4.11 | 6.59 | 3.55 | 1.48 |
| Net worth | 22.01 | 15.91 | 7.72 | 2.67 |
| Reserves and surplus | 15.87 | 11.55 | 3.57 | 2.57 |
| Total assets | 56.67 | 55.76 | 20.83 | 6.50 |
| Total borrowing | 17.17 | 17.25 | 1.88 | 0.06 |
FY 2024-25 vs FY 2023-24: revenue +154.3%, profit after tax +85.6%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: Red Herring Prospectus dated 26 Feb 2026Updated
About the company
The company undertakes civil infrastructure construction, mainly roads and highways, bridges, steel structures and civil and industrial buildings, largely through government and PSU tenders. Its operations are concentrated in Odisha and it also rents out construction machinery. It operates through a wholly-owned subsidiary that holds an A-class PWD contractor registration.
- Incorporated
- 2020
- Industry
- Infrastructure / Construction
- CIN
- U45201OR2020PLC034275
- Website
- srinibaspradhan.com
Source: Red Herring Prospectus dated 26 Feb 2026Updated
Promoters and shareholders
| Name | Type | Before issue | After issue | Shares offered |
|---|---|---|---|---|
| Jyotshna Pradhan | Promoter | 0.00% | 0.00% | 0 |
| Srinibas Pradhan | Selling shareholder | 45.41% | 33.22% | 1,80,000 |
| Ramakanta Pradhan | Selling shareholder | 39.86% | 28.88% | 1,80,000 |
Source: Red Herring Prospectus dated 26 Feb 2026Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Funding working capital requirements | 11.55 |
| Repayment of portion of loans | 1.00 |
| General corporate purposes | Set with price |
Source: Red Herring Prospectus dated 26 Feb 2026Updated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| AVP Infracon Limited | ₹9.29 | 11.84× | 16.29% | ₹63.8 |
| Sonu Infratech Limited | ₹5.28 | 15.74× | 8.34% | ₹69.1 |
| Srinibas Pradhan Constructions LimitedIssuer | ₹6.89 | — | 21.67% | ₹35.81 |
Source: Red Herring Prospectus dated 26 Feb 2026Updated
Strengths and risks
Our summary of what the offer document statesStrengths
- Long operating history in Odisha road and building construction, dating back to 2001 through the predecessor proprietorship.
- Holds PWD contractor registrations, including an A-class registration through the wholly-owned subsidiary.
- Order book of about ₹ 18,406.95 lakhs across 42 ongoing projects as of February 15, 2026.
- Revenue grew strongly from FY 2022-23 to FY 2024-25.
Risks
- All revenue comes from projects in Odisha, so the business is exposed to state-level policy and economic changes.
- Customer concentration is high, with the top 5 customers making up about 88% of revenue in the six months to September 30, 2025.
- Trade receivables and working capital needs are large, with receivables of about ₹ 3,065 lakhs in current assets as at September 30, 2025.
- Borrowings have risen sharply, reaching about ₹ 1,716.61 lakhs at September 30, 2025.
- Order book projects may be delayed, cancelled or not fully paid, which could hurt cash flow.
Source: Red Herring Prospectus dated 26 Feb 2026Updated
Contacts
Source: Red Herring Prospectus dated 26 Feb 2026Updated
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: Red Herring Prospectus dated 26 Feb 2026Updated
After listing
Listing price, day-one high and low, and the change from the issue price (set at allotment) appear here after the shares list on NSE Emerge.
Frequently asked questions
When does the Srinibas Pradhan Constructions IPO open and close?
According to the Red Herring Prospectus, the issue opens on Friday, 6 March 2026 and closes on Tuesday, 10 March 2026.
What is the Srinibas Pradhan Constructions IPO price band?
The Red Herring Prospectus does not include a price band. The company announces it by advertisement before the issue opens, and this page is updated when it is filed.
Where will Srinibas Pradhan Constructions shares list?
On NSE Emerge. The tentative listing date is Friday, 13 March 2026.
Who is the registrar of the issue?
Maashitla Securities Private Limited (SEBI registration INR000004370). Allotment status is checked on the registrar's website.
How do I check the Srinibas Pradhan Constructions IPO allotment status?
The basis of allotment is expected to be finalised on Wednesday, 11 March 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (Maashitla Securities Private Limited). 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?
₹11.55 Cr for funding working capital requirements, ₹1 Cr for repayment of portion of loans, and the rest for the other stated purposes.
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