Srinibas Pradhan Constructions was incorporated on September 25, 2020. The company is engaged in infrastructure development with a primary focus on roads and highways, along with bridges, steel structures, and civil construction projects including industrial and multi-storied buildings. It undertakes projects in Odisha through competitive bidding for roads, bridges, irrigation canals, and other civil and industrial works
| Bidding Dates |
|---|
| 06 Mar 2026 - 10 Mar 2026 |
| Subscription |
|---|
| 1.13x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,18,400 | 2 | 2 | 1200 | 2.1 M | ₹91 - ₹98 | 62.1 % | ₹188.7 M - ₹203.2 M | RHP DOC |
Srinibas Pradhan Constructions IPO SUBSCRIPTION STATUS
10 Mar '26Srinibas Pradhan Constructions IPO overall subscription rate was 1.13 times the total available shares
Srinibas Pradhan Constructions IPO retail subscription rate was 0.93 times in the retail segment
Srinibas Pradhan Constructions IPO non-institutional investor subscription rate was 5.26 times in the non-institutional investor category
Srinibas Pradhan Constructions IPO Qualified Institutional Bidder subscription rate was 0.02 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
10 Mar 2026 (Day 3) | 0.93x | 5.26x | 0.02x |
09 Mar 2026 (Day 2) | 0.62x | 5.17x | 0.02x |
06 Mar 2026 (Day 1) | 0.19x | 0.09x | - |
Srinibas Pradhan Constructions FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY26 | 45.6 | 4.1 | -0.6 | -0.8 | 16.8% |
| FY25 | 89.7 | 6.6 | -13.8 | -14.3 | 14.5% |
| FY24 | 35.3 | 3.5 | 2.8 | 0.0 | 15.8% |
| FY23 | 26.3 | 1.5 | -0.4 | -0.8 | 8.2% |
Srinibas Pradhan Constructions IPO SUBSCRIPTION STATUS DETAILS
Srinibas Pradhan Constructions had 2.1 M shares on offer
Srinibas Pradhan Constructions IPO offer price was in the range ₹91 - ₹98
Srinibas Pradhan Constructions IPO minimum Investment was ₹218400
Srinibas Pradhan Constructions IPO issue size was ₹ 188.7 M - ₹ 203.2 M
Srinibas Pradhan Constructions had a minimum lot size of 1200 Shares per application
Srinibas Pradhan Constructions NUMBER OF SHARES ON OFFER
Srinibas Pradhan Constructions IPO IMPORTANT DATES
| Issue Open Date | 06 Mar 2026 |
| Issue close Date | 10 Mar 2026 |
| Allotment Date | 11 Mar 2026 |
| Refund Date | 12 Mar 2026 |
| Demat Account Credit Date | 12 Mar 2026 |
| Listing Date | 13 Mar 2026 |
| Listing on Exchange(s) | NSE |
| Srinibas Pradhan Constructions Allotment Status | Exchange/ Registrar |
Srinibas Pradhan Constructions IPO subscription opened on 06 Mar 2026, and closed on 10 Mar 2026
IPO allotment for Srinibas Pradhan Constructions was finalized on Wednesday, 11 Mar 2026
IPO listing for Srinibas Pradhan Constructions was on NSE on Friday, 13 Mar 2026
Srinibas Pradhan Constructions IPO LISTING GAINS
| Issue Price (adjusted) | 98.0 |
| Listing Open Price | 100.0 |
| Listing Close Price | 104.4 |
| Listing Gain% | 2.1% |
| Current Gain% | 55.7% |
Srinibas Pradhan Constructions Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Srinibas Pradhan Constructions Ltd. | 152.6 | 120 | 14.6 | 0.6 | 1.3 | 20 | 10.2 | 90.3 | 0.6 | 8.2 | 24.6 | 10.4 | 24.6 |
| IRB Infrastructure Developers Ltd. | 19.7 | 23769.5 | 24.9 | -0.3 | 3.1 | 4 | 1.6 | 7854 | -2.2 | 850.4 | -86.9 | 0.8 | -85.4 |
| G R Infraprojects Ltd. | 870.7 | 8424.9 | 8.3 | -1 | 0.9 | 9.6 | 5.6 | 8527.3 | 12.3 | 902.8 | -11 | 105 | -7.9 |
| Dilip Buildcon Ltd. | 449 | 7293 | 5.6 | 0.1 | 0.8 | 19.1 | 6.9 | 9499.6 | -17.1 | 1302.4 | 103.2 | 80.2 | 103.2 |
| PNC Infratech Ltd. | 224.4 | 5756.2 | 7.9 | 0.9 | 1 | 12.2 | 6 | 5509.6 | -20.6 | 831.8 | 2 | 28.5 | 9 |
| Ashoka Buildcon Ltd. | 118.3 | 3321.8 | 1.3 | 0 | 0.4 | 38.8 | 19.5 | 7703.6 | -24.5 | 2550 | 50.5 | 90.8 | 50.5 |
Srinibas Pradhan Constructions INFORMATION ON IPO ISSUE
About Srinibas Pradhan Constructions
Srinibas Pradhan Constructions was incorporated on September 25, 2020. The company is engaged in infrastructure development with a primary focus on roads and highways, along with bridges, steel structures, and civil construction projects including industrial and multi-storied buildings. It undertakes projects in Odisha through competitive bidding for roads, bridges, irrigation canals, and other civil and industrial works
Object of the Issue
- Funding the working capital requirements of the company
- Repayment of portion of loan availed by the company
- General corporate purpose
- Issue related expenses
Srinibas Pradhan Constructions - PROMOTERS
| Name |
|---|
| Ramakanta Pradhan |
| Srinibas Pradhan |
| Jyotshna Pradhan |
Srinibas Pradhan Constructions - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Ramakanta Pradhan | Chairman & Whole-Time Director |
| Srinibas Pradhan | Managing Director |
| Jyotshna Pradhan | Non-Executive Director |
| Biranchi Narayan Hota | Non-Executive & Independent Director |
| Ayushi Sharma | Non-Executive & Independent Director |
| Prithiwiraj Singdeo | Non-Executive & Independent Director |
Srinibas Pradhan Constructions Book Running Lead Manager
Novus Capital Advisors Private Limited
mb@novuscaps.com
Srinibas Pradhan Constructions Registrar to the issue
Maashitla Securities Private Limited
Investor.ipo@maashitla.com
Srinibas Pradhan Constructions Strengths
Diverse portfolio
The company undertakes a wide range of projects, from small-scale works to roads, bridges, dams, and multi-storied buildings, showcasing its adaptability and expertise. This diversified capability enables it to tap into multiple segments within the construction and infrastructure sector
Strong backward integration
The company’s core strategy focuses on strong backward integration to source key materials such as bricks, sand, and other construction supplies. This approach strengthens supply chain stability and helps maintain competitive pricing without compromising on quality
Experienced workforce
The company’s strength lies in its team of experienced engineers who bring strong technical expertise and practical knowledge to project execution. Their proficiency ensures precision, attention to detail, and high standards of workmanship across projects
Srinibas Pradhan Constructions Risks
Capital intensive business
The company operates in a capital-intensive industry requiring substantial working capital for project execution before receiving client payments. Any delays in contract awards, changes in payment terms, or expansion into larger projects may increase debt levels and strain cash flows, adversely affecting financial performance
Competition
The company operates in a highly competitive and fragmented infrastructure industry, facing competition from firms with stronger financial or technical capabilities. Intense bidding pressure and undercutting by competitors may reduce margins, affect order inflow, and adversely impact business growth and financial performance
Non-compliance risks
The company’s operations are subject to environmental, health, safety, and labour regulations, and any non-compliance or stricter enforcement may increase liabilities and capital expenditure. Accidents, regulatory penalties, or legal actions could harm its reputation, disrupt operations, and adversely impact financial performance
IPO FAQs
This IPO consists of an offer for sale of up to Rs 3.5 crore, of 360,000 shares. It also consists of a fresh issue of Rs 16.8 crore.
The promoters of the company are Ramakanta Pradhan, Srinibas Pradhan and Jyotshna Pradhan.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 91.0 - 98.0.
The IPO application opens on Mar 06, 2026 and closes on Mar 10, 2026.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 218,400.0, the maximum value for this IPO is Rs 235,200.0.
This IPO will be allotted on Mar 11, 2026.
The refund will be credited to your account on Mar 12, 2026.
The allotted shares will be credited to your demat on Mar 12, 2026.
Srinibas Pradhan Constructions Ltd.’s shares listed on the stock exchanges on Mar 13, 2026.