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Srinibas Pradhan Constructions IPO
Price Band
₹91.0–98.0
Issue Size
₹20.32 Cr
Lot Size
1,200 shares
Min Investment
₹235,200
2 LOTS MIN
GMP
—
Issue Price
₹98.0
Srinibas Pradhan Constructions IPO AI Summary
- Srinibas Pradhan Constructions IPO is listed on NSE SME in the Civil Construction sector.
- Price band: ₹91.0–₹98.0 per share, lot size 1,200 shares (min. investment ₹235,200, 2 lots minimum).
- Subscription window: 06 Mar–10 Mar 2026, listing on 13 Mar 2026.
Srinibas Pradhan Constructions Limited is an emerging player in the civil construction sector with a focus on infrastructure projects. The company has shown significant growth in its total income and profit over the past years, although the latest figures reflect a decline compared to the previous full year. The IPO aims to raise funds for working capital and loan repayment, among other purposes.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Srinibas Pradhan Constructions IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in 2020, Srinibas Pradhan Constructions Limited (SPCL) is an infrastructure and utilities company engaged in delivering projects across transportation, energy, and industrial sectors. Core Operations SPCL focuses on executing a diverse range of infrastructure projects, primarily including: Roads and Highways: Development of rural roads, major district roads, and urban road networks using quality construction materials such as aggregates, sand, bitumen, and cement to ensure durability and performance. Bridges and Steel Structures: Construction of high-level bridges along with fabrication and erection of steel structures for bridges and industrial facilities. Civil Construction: Comprehensive civil works covering foundations, superstructures, multi-storey buildings, manufacturing units, and other industrial infrastructure. The company secures projects through competitive tendering processes and undertakes assignments across Odisha. Its clients include state government departments, central and state public sector enterprises, as well as private sector organizations. SPCL’s project portfolio spans road and bridge construction, irrigation and canal systems, civil infrastructure, and industrial development projects. The company has an order book of Rs. 18,406.95 lakhs. Competitive strengths: Established Reputation Experienced Workforce Strong Backward Integration Diverse Portfolio
Company Financials (₹ Cr)
As of 2025-09-30
| 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 |
Key Ratios
EPS
₹10.71
NAV
₹27.36
ROE
55.76%
ROCE
71.01%
RoNW
55.76%
P/B Value
3.58
P/E Ratio
9.15
Market Cap
₹77.04 Cr
PAT Margin
7.34%
Debt/Equity
1.08
Promoters
Ramakanta Pradhan and Srinibas Pradhan
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 3 General Corporate Purpose 2.21 4 Issue Expenses 2.03 Total 16.79
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹26.35 Cr in the year ending 31 Mar 2023, rising to ₹35.27 Cr by 31 Mar 2024. However, it then increased to ₹89.73 Cr by 31 Mar 2025, before dropping to ₹45.63 Cr as of 30 Sep 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹1.48 Cr in the year ending 31 Mar 2023, increasing to ₹3.55 Cr by 31 Mar 2024. It further rose to ₹6.59 Cr by 31 Mar 2025, before decreasing to ₹4.11 Cr as of 30 Sep 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
The company has an EPS of ₹10.71 and is priced at ₹98.0, which implies a P/E ratio of 9.15. This is compared to peers in the sector, though specific peer P/E data is not provided.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. It is an indicator of the expected listing price of the IPO shares. A positive GMP suggests that the shares are expected to list at a higher price than the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, considering factors such as the company's growth potential and market conditions.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to approach this IPO with caution, as infrastructure projects can be subject to delays and other uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on 6 March 2026 and closes on 10 March 2026. Allotment of shares will be done on 11 March 2026, with the listing date scheduled for 13 March 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange and may trade at a higher price than the issue price. However, there is a risk involved as market conditions can change rapidly, and shares may not always list at a premium.
This evaluation is generated from Srinibas Pradhan Constructions's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Srinibas Pradhan Constructions IPO?
The price band of Srinibas Pradhan Constructions IPO is ₹91.0–₹98.0 per share.
When does Srinibas Pradhan Constructions IPO open and close?
Srinibas Pradhan Constructions IPO opens on 06 March 2026 and closes on 10 March 2026.
When does Srinibas Pradhan Constructions IPO list on the stock exchange?
Srinibas Pradhan Constructions IPO listed on 13 March 2026 at ₹98.0.
What is the lot size for Srinibas Pradhan Constructions IPO?
The lot size for Srinibas Pradhan Constructions IPO is 1200 shares, requiring a minimum investment of ₹235,200 (2 lots).
What is the lot size for this IPO?
The lot size for this IPO is 1200 shares.
What is the minimum investment required?
The minimum investment required is ₹235,200.
What is the price band for this IPO?
The price band for this IPO is between ₹91.0 and ₹98.0.
When does the IPO open and close?
The IPO opens on 6 March 2026 and closes on 10 March 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO shares based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
06 Mar 2026
Close
10 Mar 2026
Allotment
11 Mar 2026
Listing
13 Mar 2026
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