LCC Projects IPO Details

Bookbuilding IPO | ₹427 Cr | Listing at BSE, NSE | Wed, Sep 9, 2026 - Fri, Sep 11, 2026

IPO Details

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LCC Projects IPO is a book build issue of ₹427.14 crores. The issue is a combination of fresh issue of 1.77 crore shares aggregating to ₹258.00 crores and offer for sale of 1.16 crore shares aggregating to ₹169.14 crores.

LCC Projects IPO opens for subscription on Sep 9, 2026 and closes on Sep 11, 2026. The allotment for the LCC Projects IPO is expected to be finalized on Sep 15, 2026. LCC Projects IPO will list on NSE and BSE with a tentative listing date fixed as Sep 17, 2026.

LCC Projects IPO is set issue price band at ₹139 to ₹146 per share. The lot size for an application is 102 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,892 (102 shares) (based on upper price).

Motilal Oswal Investment Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.

Refer to LCC Projects IPO RHP for detailed Information.

IPO Open

Wed, Sep 9, 2026

IPO Close

Fri, Sep 11, 2026

Price Band

₹139 to ₹146

Market Cap*

₹4,229.20 Cr * on Upper Price

IPO Details

IPO Date

9 to 11 Sep, 2026
Listing Date

Thu, Sep 17, 2026
Face Value

₹5 per share
Price Band

₹139 to ₹146
Lot Size

102 Shares
Sale Type

Fresh capital cum OFS
Issue Type

Bookbuilding IPO
Listing At

BSE, NSE

Total Issue Size

2,92,56,232 shares (agg. up to ₹427 Cr)
Fresh Issue

1,76,71,232 shares (agg. up to ₹258 Cr)
Offer for Sale

1,15,85,000 shares of ₹5 (agg. up to ₹169 Cr)
Share Holding Pre Issue

27,20,00,000 shares
Share Holding Post Issue

28,96,71,232 shares

IPO Open

Wed, Sep 9, 2026
Allotment

Tue, Sep 15, 2026
Credit of Shares

Wed, Sep 16, 2026

IPO Close

Fri, Sep 11, 2026
Refund

Wed, Sep 16, 2026
Listing

Thu, Sep 17, 2026

Issue Reservation

Investor Category	Shares
QIB	Not more than 50% of the Net Offer
Retail	Not less than 35% of the Net Offer
NII	Not less than 15% of the Net Offer

IPO Lot Size

Investors can bid for a minimum of 102 shares and in multiples thereof.

Application	Lots	Shares	Amount
Retail (Min)	1	102	₹14,892
Retail (Max)	13	1,326	₹1,93,596
S-HNI (Min)	14	1,428	₹2,08,488
S-HNI (Max)	67	6,834	₹9,97,764
B-HNI (Min)	68	6,936	₹10,12,656

About LCC Projects Ltd.

Incorporated in 2017, LCC Projects Limited offers engineering, procurement and construction (“EPC”) services in the irrigation and water supply projects segment. The company has executed projects in the irrigation and water supply segment, such as the construction of dams, barrages, weirs, hydraulic structures, canals, pipe distribution networks, lift irrigation works, water supply schemes, and other EPC projects.

As of March 31, 2026, the company’s Order Book comprises 103 projects, of which Sondwa Lift Micro Irrigation Project, Sidhi Bansagar Multi – Village Scheme, and Gandhi Sagar 1 Multi-Village Scheme are the top three projects.

In the past, LCC have also executed notable projects, such as the construction of Tawa Left Bank Canthe al, Parbati Dam Projthe ect, Dudhai Sub Branch Canal Projectthe and AKOT Lift Irrigation Scheme.

The company expanded its operations from eight states in Fiscal 2026 to 12 states by March 31, 2026, namely, Gujarat, Madhya Pradesh, Odisha, Rajasthan, Maharashtra, Uttar Pradesh, Karnataka, Jharkhand, Chhattisgarh, Andhra Pradesh, Himachal Pradesh, and Haryana.

As of March 31, 2026, the company had 2,093 permanent employees.

(Updated on Sep 4, 2026)

Company Financials (Restated Consolidated)

LCC Projects Ltd.’s revenue increased by 24% and profit after tax (PAT) rose by 28% 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	2,447.54	1,727.46	1,129.99
Total Income	3,639.45	2,941.01	2,449.79
Profit After Tax	286.44	223.63	122.00
EBITDA	519.90	401.04	241.37
NET Worth	888.41	604.99	382.83
Reserves and Surplus	752.41	468.99	348.83
Total Borrowing	860.65	649.55	422.30

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 Purchase of equipment

14.69
2 Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by Company

180.00
3 General Corporate Purposes
Total

194.69

Key Performance Indicator (KPI)

KPI	Mar 31, 2026	Mar 31, 2025
ROE	32.24%	36.96%
ROCE	27.13%	27.64%
Debt/Equity	0.97	1.23
RoNW	32.24%	36.96%
PAT Margin	7.96%	7.66%
EBITDA Margin	14.44%	13.74%
NAV	32.66	22.24
Price to Book Value	4.47	6.56

IPO Valuation

Valuation Metric	Pre IPO	Post IPO
EPS (₹)	10.53	9.89
P/E (x)	13.87	14.76
Market Cap at Offer Price	₹3,971Cr.	₹4,229.20 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	100%	89.9%
Public		10.10%
Total	100%	100%

Company Promoters: Arjan Suja Rabari, Laljibhai Arjanbhai Ahir and Maya Arjan Rabari.

Offer For Sale – Selling Shareholders

Name	Category	No. of Shares Offered	Amount (₹ cr.)
Arjan Suja Rabari	Promoter	57,92,500	84.57
Laljibhai Arjanbhai Ahir	Promoter	57,92,500	84.57
Total		1,15,85,000	169.14

IPO Registrar

Kfin Technologies Ltd.

040-79615565
lccpl.ipo@kfintech.com
Visit Website

IPO Lead Manager(s)

Motilal Oswal Investment Advisors Ltd.

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

LCC Projects Ltd. Address

‘B’ Wing,15th Floor, Privilon Building,

Vikram Nagar AmbliBopal Road,

Behind ISKCON Temple,

Ahmedabad, Gujarat, 380058

+91 79 4848 4453
cs@lccprojects.com
Visit Website

IPO FAQs

What is the LCC Projects IPO?

LCC Projects IPO is a main-board IPO of 2,92,56,232 equity shares of the face value of ₹5 aggregating up to ₹427 Crores. The issue is priced at ₹139 to ₹146. The minimum order quantity is 102.

The IPO opens on Wed, Sep 9, 2026, and closes on Fri, Sep 11, 2026.

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

How to apply in LCC Projects IPO through Angel One?

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

Steps to apply in LCC 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 ‘LCC 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.

When LCC Projects IPO will open?

The LCC Projects IPO opens on Wed, Sep 9, 2026 and closes on Fri, Sep 11, 2026.

What is the lot size of LCC Projects IPO?

LCC Projects IPO lot size is 102, and the minimum amount required for application is ₹14,892.

How to apply for LCC Projects IPO?

You can apply in LCC 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.

When is LCC Projects IPO allotment?

The finalization of Basis of Allotment for LCC Projects IPO will be done on Tuesday, September 15, 2026, and the allotted shares will be credited to your demat account by Wed, Sep 16, 2026. Check the LCC Projects IPO allotment status.

When is LCC Projects IPO listing date ?

The LCC Projects IPO listing date is not yet announced. The tentative date of listing is Thu, Sep 17, 2026.