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Srinibas Pradhan Constructions IPO Details

Bookbuilding IPO | ₹20 Cr | Listed at NSE SME | Fri, Mar 6, 2026 - Tue, Mar 10, 2026

IPO Stats
IPO Timetable
FAQ

Srinibas Pradhan Constructions IPO is a book build issue of ₹20.32 crores. The issue is a combination of fresh issue of 0.17 crore shares aggregating to ₹16.79 crores and offer for sale of 0.04 crore shares aggregating to ₹3.53 crores.

Srinibas Pradhan Constructions IPO bidding started from Mar 6, 2026 and ended on Mar 10, 2026. The allotment for Srinibas Pradhan Constructions IPO was finalized on Mar 11, 2026. The shares got listed on the NSE SME on Mar 13, 2026.

Srinibas Pradhan Constructions IPO is set final issue price at ₹98 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,35,200 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,52,800.

Novus Capital Advisors Private Limited is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd..

Refer to Srinibas Pradhan Constructions IPO RHP for detailed Information.

IPO Stock Quote & Charts

IPO Details

IPO Date

6 to 10 Mar, 2026
Listing Date

Fri, Mar 13, 2026
Face Value

₹10 per share
Price Band

₹91 to ₹98
Issue Price

₹98 per share
Lot Size

1,200 Shares
Sale Type

Fresh capital cum OFS
Issue Type

Bookbuilding IPO
Listing At

NSE SME

Total Issue Size

20,73,600 shares (agg. up to ₹20 Cr)
Reserved for Market Maker

1,04,400 shares (agg. up to ₹1 Cr) Rikhav Securities Ltd.
Fresh Issue (Ex Market Maker)

16,09,200 shares (agg. up to ₹16 Cr)
Offer for Sale

3,60,000 shares of ₹10 (agg. up to ₹4 Cr)
Net Offered to Public

19,69,200 shares (agg. up to ₹19 Cr)
Share Holding Pre Issue

61,47,397 shares
Share Holding Post Issue

78,60,997 shares
NSE Symbol

SPCON
ISIN

INE0TPJ01019

IPO Timetable (Tentative)

IPO Open

Fri, Mar 6, 2026
Allotment

Wed, Mar 11, 2026
Credit of Shares

Thu, Mar 12, 2026

IPO Close

Tue, Mar 10, 2026
Refund

Thu, Mar 12, 2026
Listing

Fri, Mar 13, 2026

IPO Stock Quote & Charts

IPO Reservation

Srinibas Pradhan Constructions IPO offers total 20,73,600 shares. Out of which 19,200 (0.93%) allocated to QIB, 9,75,600 (47.05%) allocated to NII 9,74,400 (46.99%) allocated to RII.

Investor Category	Shares Offered
Market Maker Shares Offered	1,04,400 (5.03%)
QIB Shares Offered	19,200 (0.93%)
NII (HNI) Shares Offered	9,75,600 (47.05%)
− bNII > ₹10L	6,50,400 (31.37%)
− sNII < ₹10L	3,25,200 (15.68%)
Retail Shares Offered	9,74,400 (46.99%)
Total Shares Offered	20,73,600 (100.00%)

IPO Lot Size

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	2	2,400	₹2,35,200
Individual investors (Retail) (Max)	2	2,400	₹2,35,200
S-HNI (Min)	3	3,600	₹3,52,800
S-HNI (Max)	8	9,600	₹9,40,800
B-HNI (Min)	9	10,800	₹10,58,400

IPO Subscription Details

About Srinibas Pradhan Constructions Ltd.

Incorporated in 2020, Srinibas Pradhan Constructions Limited (SPCL) operates in the infrastructure and utilities sector, specializing in the execution of projects related to roads, highways, bridges, electricity infrastructure, and mining infrastructure.

Core Business Activities

SPCL is actively engaged in infrastructure development across a range of sectors, with a primary focus on:

Roads and Highways: Construction of rural, major district, and urban roads using high-quality materials such as aggregates, sand, tar, and cement to ensure long-lasting and reliable infrastructure.
Bridges and Steel Structures: Execution of high-level bridges and steel structures for bridges and industrial sheds.
Civil Construction: Delivery of comprehensive civil construction services including foundations, superstructures, multi-storied buildings, factories, and industrial facilities.

SPCL participates in competitive bidding processes for infrastructure projects across the state of Odisha, catering to state government departments, central and state public sector undertakings, as well as private corporate clients.

The company’s project portfolio covers roads, bridges, irrigation and canal works, civil construction, and industrial development.

As on Feb 15, 2026, the company has reported consolidated Order Book of Rs. 18,406.95 lakhs.

Competitive strengths:

Established Reputation
Experienced Workforce
Strong Backward Integration
Diverse Portfolio

Company Financials (Restated Consolidated)

Period Ended	30 Sep 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	56.67	55.76	20.83	6.50
Total Income	45.63	89.73	35.27	26.35
Profit After Tax	4.11	6.59	3.55	1.48
EBITDA	7.64	13.01	5.58	2.15
NET Worth	22.01	15.91	7.72	2.67
Reserves and Surplus	15.87	11.55	3.57	2.57
Total Borrowing	17.17	17.25	1.88	0.06
Amount in ₹ Crore

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 the working capital requirements of the Company.

11.55
2) Repayment of portion of loan availed by our Company

1.00
General Corporate Purpose.

2.21
Total

14.76

Key Performance Indicator (KPI)

KPI	Sep 30, 2025	Mar 31, 2025
ROE	21.67%	55.76%
ROCE	29.79%	71.01%
Debt/Equity	0.78	1.08
RoNW	21.67%	55.76%
PAT Margin	9.01%	7.34%
EBITDA Margin	16.76%	14.50%
Price to Book Value		3.58

Check IPO Peer Comparison here.

Pre IPO	Post IPO
EPS (₹)	10.71	10.45
P/E (x)	9.15	9.37
Promoter Holding	85.27%	62.1%
Market Cap	₹77.04 Cr.

Mr. Ramakanta Pradhan and Mr. Srinibas Pradhan are the company promoters.

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, 2025 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2025 available in RHP.

IPO Review

[Dilip Davda]

SPCL is primarily engaged in infrastructure development across various domain. It has prime focus on Roads, Highways and Bridges. It marked steady growth in its top and bottom lines for the reported periods. Many information is missing from its offer documents. Based on its recent financial data, the issue appears aggressively priced. Small paid-up equity capital post-IPO hints at longer duration for migration. There is no harm in skipping this pricey and dicey offer.

Read detail review…

Srinibas Pradhan Constructions IPO Recommendations

Review By	Subscribe	May Apply	Neutral	Avoid
Brokers	0	0	0	0
Members	0	0	0	0

IPO Subscription Status

The Srinibas Pradhan Constructions IPO is subscribed 1.13 times on March 10, 2026 6:54:59 PM (Day 3). The public issue subscribed 0.69 times in the individual investors category, 1.13 times in the QIB category, and 1.57 times in the NII category. Check Day by Day Subscription Details (Live Status)

Category	Subscription (x)	Shares Offered	Shares bid for	Total Applications
QIB (Ex Anchor)	1.13	19,200	21,600	1
NII*	1.57	9,75,600	15,31,200	0
bNII (> ₹10L)	2.22	6,50,400	14,42,400
sNII (< ₹10L)	0.27	3,25,200	88,800
Individual Investor	0.69	9,74,400	6,76,800	282
Total	1.13	19,69,200	22,29,600	309

Total Applications: 309

*Market Maker portion is not included to NII/HNI.

IPO Expenses

# Issue Expenses

Est Amt (₹ Cr.)
1 Fees payable to the Book Running Lead Manager

0.75
2 Fees Payable for Underwriting commission

1.02
3 Fees payable to the Legal Advisor to the Offer

0.02
4 Fees payable to the Registrar to the Offer

0.01
5 Advertising and Marketing Expenses

0.05
6 Fees payable to the Regulators including stock exchanges

0.07
7 Selling commission and processing fees for SCSBs

0.03
8 Payment for Printing and Distribution of Offer Stationary

0.02
9 Other (Fees payable to Peer Review Auditor, Brokerage, Processing Fees for application and miscellaneous expenses)

0.07
Total

2.03

Listing Day Trading Information

Price Details	NSE SME
Final Issue Price	₹98.00
Open	₹100.05
Low	₹100.05
High	₹105.05
Last Trade	₹104.40

IPO Lead Manager(s)

Novus Capital Advisors Private Limited (Past IPO Performance)

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

IPO Registrar

Maashitla Securities Pvt.Ltd.
- +91-11-45121795-96
- Investor.ipo@maashitla.com
- Visit Website

Contact Details

Srinibas Pradhan Constructions Ltd. Address

C/O- Srinibas Pradhan, Near Chuakani Po-Lamtibaha,

Jharsuguda, Jharsuguda,

Jharsuguda, Odisha, 768216

+91 6645 251105
cs@srinibaspradhan.com
Visit Website

IPO FAQs

What is the Srinibas Pradhan Constructions IPO?

Srinibas Pradhan Constructions IPO is a SME IPO of 20,73,600 equity shares of the face value of ₹10 aggregating up to ₹20 Crores. The issue is priced at ₹98 per share. The minimum order quantity is 1200.

The IPO opens on Fri, Mar 6, 2026, and closes on Tue, Mar 10, 2026.

Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

How to apply in Srinibas Pradhan Constructions IPO through Angel One?

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

Steps to apply in Srinibas Pradhan Constructions IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Srinibas Pradhan Constructions 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 Srinibas Pradhan Constructions IPO will open?

The Srinibas Pradhan Constructions IPO opens on Fri, Mar 6, 2026 and closes on Tue, Mar 10, 2026.

What is the lot size of Srinibas Pradhan Constructions IPO?

Srinibas Pradhan Constructions IPO lot size is 1200, and the minimum amount required for application is ₹2,35,200, with 2 lots being the minimum application size.

How to apply for Srinibas Pradhan Constructions IPO?

You can apply in Srinibas Pradhan Constructions 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 Srinibas Pradhan Constructions IPO allotment?

The finalization of Basis of Allotment for Srinibas Pradhan Constructions IPO will be done on Wednesday, March 11, 2026, and the allotted shares will be credited to your demat account by Thu, Mar 12, 2026. Check the Srinibas Pradhan Constructions IPO allotment status.

When is Srinibas Pradhan Constructions IPO listing date ?

The Srinibas Pradhan Constructions IPO listing date is on Fri, Mar 13, 2026.