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IPO Open

Tue, Aug 25, 2026

IPO Close

Fri, Aug 28, 2026

Price Band

₹94 to ₹99

Market Cap (Pre-IPO)

₹648.38 Cr * on Upper Price

IPO Details

  • IPO Date
    25 to 28 Aug, 2026
  • Listing Date
    Wed, Sep 2, 2026
  • Face Value
    ₹10 per share
  • Price Band
    ₹94 to ₹99
  • Lot Size
    151 Shares
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Total Issue Size
    1,76,83,000 shares (agg. up to ₹175 Cr)
  • Fresh Issue
    1,76,83,000 shares (agg. up to ₹175 Cr)
  • Share Holding Pre Issue
    4,78,09,670 shares
  • Share Holding Post Issue
    6,54,92,670 shares

IPO Timetable (Tentative)

  • IPO Open
    Tue, Aug 25, 2026
  • Allotment
    Mon, Aug 31, 2026
  • Credit of Shares
    Tue, Sep 1, 2026
  • IPO Close
    Fri, Aug 28, 2026
  • Refund
    Mon, Aug 31, 2026
  • Listing
    Wed, Sep 2, 2026

Issue Reservation

Investor Category Shares
QIB Not more than 10% of the Issue
Retail Not less than 50% of the Issue
NII Not less than 40% of the Issue

IPO Lot Size

Investors can bid for a minimum of 151 shares and in multiples thereof.

Application Lots Shares Amount
Retail (Min) 1 151 ₹14,949
Retail (Max) 13 1,963 ₹1,94,337
S-HNI (Min) 14 2,114 ₹2,09,286
S-HNI (Max) 66 9,966 ₹9,86,634
B-HNI (Min) 67 10,117 ₹10,01,583

About Annu Projects Ltd.

Updated on Aug 20, 2026

Annu Projects Limited is an engineering, procurement, and construction (EPC) company. It is engaged in the design, development, implementation, operations and maintenance of essential overhead and underground utilities infrastructure across telecom infrastructure, sewerage infrastructure vertical and gas pipeline vertical.

Key Verticals:

  • Telecom Infrastructure: Surveying, designing, and installing cabling and tower infrastructures for communication, automation, and electronic security system. Its customers include Bharat Sanchar Nigam Limited, A2Z Infra Engineering Limited, Bharat Broadband Network Limited, G R Infraprojects Limited.
  • Sewerage Infrastrucutre: Pipe laying, construction of manholes, construction of sewerage treatment plants, construction of pumping stations, and construction of structural facilities, etc.
  • Gas Pipeline: Laying MDPE ranging from 20 mm to 125 mm in diameter, along with 38,300 GI house connections for domestic and commercial gas supply. Served customers, including Indraprastha Gas Limited, Gujarat Gas Limited and GAIL India Limited.

As on June 30, 2026, it has 23 ongoing projects worth Rs 19,593.48 million, including 4 telecom infra projects, 14 sewerage, 4 gas pipeline projects and 1 (one) comprised of railway signalling vertical.

Competitive Strengths

  • Engineering, procurement and commissioning projects with special focus on underground and overhead utilities infrastructure
  • Project management with integrated execution capabilities
  • Strong order book
  • Strong and consistent financial performance
  • Experienced leadership and strong management team

Company Financials (Restated Consolidated)

Annu Projects Ltd.’s revenue increased by 34% and profit after tax (PAT) rose by 56% between the financial year ending with March 31, 2026 and March 31, 2025.  (Amount in ₹ Crore)

Period Ended 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 341.82 233.37 161.34
Total Income 244.59 182.35 155.42
Profit After Tax 33.03 21.10 17.39
EBITDA 50.19 32.19 28.50
NET Worth 155.26 122.06 68.93
Reserves and Surplus 107.45 74.25 66.39
Total Borrowing 52.54 22.27 19.69

Note:- Financials for FY 2026 are on standalone basis.

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IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Funding capital expenditure requirements of Company for purchase of machinery or equipment
    15.41
  • 2 Funding working capital requirements of the Company
    115.00
  • 3 General Corporate Purposes
  • Total
    130.41

Key Performance Indicator (KPI)

KPI Mar 31, 2026 Mar 31, 2025
ROE 21.27% 17.29%
ROCE 22.66% 20.59%
Debt/Equity 0.34 0.20
RoNW 21.27% 17.29%
PAT Margin 13.69% 11.72%
EBITDA Margin 20.81% 17.88%
NAV 32.47 25.53
Price to Book Value 3.88

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 6.91 5.04
P/E (x) 14.33 19.64
Market Cap at Offer Price ₹473Cr. ₹648.38 Cr
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 89.11% 65.05%
Public 10.89% 34.95%
Total 100% 100%

Company Promoters: Sanjay Kumar Sarraf and Krishna Ranjan.

IPO Registrar

Kfin Technologies Ltd.

IPO Lead Manager(s)

  1. Mefcom Capital Markets Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Annu Projects Ltd. Address
B-1, Plot No. 11,
Local Shopping Complex Vasant Kunj,
South Delhi, New Delhi, 110070

IPO FAQs

Annu Projects IPO is a main-board IPO of 1,76,83,000 equity shares of the face value of ₹10 aggregating up to ₹175 Crores. The issue is priced at ₹94 to ₹99. The minimum order quantity is 151.

The IPO opens on Tue, Aug 25, 2026, and closes on Fri, Aug 28, 2026.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Angel One customers can apply online in Annu Projects IPO using UPI as a payment gateway. Angel One customers can apply in Annu Projects IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Annu Projects IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Annu Projects IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Annu Projects IPO opens on Tue, Aug 25, 2026 and closes on Fri, Aug 28, 2026.

Annu Projects IPO lot size is 151, and the minimum amount required for application is ₹14,949.

You can apply in Annu Projects 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 Angel One , Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Annu Projects IPO will be done on Monday, August 31, 2026, and the allotted shares will be credited to your demat account by Tue, Sep 1, 2026. Check the Annu Projects IPO allotment status.

The Annu Projects IPO listing date is not yet announced. The tentative date of listing is Wed, Sep 2, 2026.

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