IPO

Srinibas Pradhan Constructions Limited IPO

NSE SME

Listed On: Mar 13, 2026 at ₹ 100.05

₹ 235200 /2400 Shares
Minimum Investment

Check Allotment

06 Mar, 2026

Open Date

10 Mar, 2026

Close Date

11 Mar, 2026

Allotment Date

13 Mar, 2026

Listing Date
Srinibas Pradhan Constructions IPO Live Subscription Details
View Subscription Details
QIB 1.13x
Individual 0.69x
NIIs 1.68x
BHNI 2.38x
SHNI 0.27x
Individual 0.69x
Total 1.19x
Last updated: 10 Mar 2026, 05:57 PM
Srinibas Pradhan Constructions IPO Issue Details
  • Issue Price ₹91-98 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 20,73,600 shares(aggregating up to ₹20.32 crore)
  • Fresh Share 17,13,600 shares(aggregating up to ₹16.79 crore)
  • Offer For Sale 3,60,000 shares(aggregating up to ₹3.53 crore)
  • Listing at NSE SME
  • List Price 100.05
  • Listing Date 2026-03-13
  • Lead Manager Novus Capital Advisors Private Limited
  • Registrar Maashitla Securities Pvt.Ltd.
Market Lot Size

Investors can bid for a minimum of 2400 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Individual (min) 2 2400 ₹2,35,200
Individual(max) 2 2400 ₹2,35,200
SHNI(min) 3 3600 ₹3,52,800
SHNI(max) 8 9600 ₹9,40,800
BHNI(min) 9 10800 ₹10,58,400
Srinibas Pradhan Constructions IPO Reservation

Srinibas Pradhan Constructions IPO offers total 2073600 shares. Out of which 19200 (0.93%) allocated to QIB, 975600 (47.05%) allocated to NII,974400 (46.99%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Market Maker Shares Offered 104400 (5.03%)
QIB Shares Offered 19200 (0.93%)
NII (HNI) Shares Offered 975600 (47.05%)
bNII > ₹10L 650400 (19%)
sNII < ₹10L 325200 (9%)
Individual Shares Offered 974400 (46.99%)
Total Shares Offered 2073600 (100%)
Srinibas Pradhan Constructions IPO Documents
DRHP
RHP
Srinibas Pradhan Constructions IPO Details


Srinibas Pradhan Constructions Limited IPO is an SME IPO, priced at ₹91-98 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 20,73,600 equity shares, aggregating up to ₹20.32 crores..

The IPO bidding window is open from Mar 6, 2026 to Mar 10, 2026. The allotment is expected to be finalized on Mar 11, 2026, and the tentative listing date is Mar 13, 2026.

The minimum lot size for Individual investors is 2400 shares, with a minimum investment of ₹2,35,200.

Novus Capital Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Maashitla Securities Pvt.Ltd., and

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Srinibas Pradhan Constructions IPO Subscription Analysis And Details
Retail
0.69x
QIB
1.13x
NII
1.68x
bNII
2.38x
sNII
0.27x
Total
1.19x
As on QIB NII
bNII   sNII 		Individual Total
Shares Offered / Reserved 19,200 9,75,600
6,50,400    3,25,200 		9,74,400 19,69,200
Day 1 06-03-26 05:00 PM
0.00 x 0.03 x
0.02 x   0.04 x 		0.14 x 0.09 x
Day 2 09-03-26 05:00 PM
1.13 x 1.65 x
2.38 x   0.19 x 		0.46 x 1.06 x
Day 3 10-03-26 05:00 PM
1.13 x 1.68 x
2.38 x   0.27 x 		0.69 x 1.19 x
Total No of Applications
309
Subscription on the basis of Applications
Retail:0.69x BHNI:0.06x SHNI:0.18x
Srinibas Pradhan Constructions Valuations
EPS Pre IPO ₹10.71/-
EPS Post IPO ₹10.45/-
P/E Pre IPO 9.15
P/E Post IPO 9.37
ROE 55.76%
ROCE 71.01%
Debt/Equity 1.08
RoNW 55.76%
PAT Margin 7.34%
Price to Book Value 3.58
Market Cap. 77.04 Cr.
Srinibas Pradhan Constructions Company Financials
In Crs.
In Cr.
30-Sep-25 31-Mar-25 31-Mar-24 31-Mar-23
Assets 56.67 55.76 20.83 6.50
Revenue 45.63 89.73 35.27 26.35
Profit After Tax 4.11 6.59 3.55 1.48
Net Worth 22.01 15.91 7.72 2.67
Reserves & Surplus 15.87 11.55 3.57 2.57
Total Borrowing 17.17 17.25 1.88 0.06
About Srinibas Pradhan Constructions Company

Srinibas Pradhan Constructions Limited (SPCL) was incorporated in the year 2020 and operates in the infrastructure and utilities industry. The company specializes in the execution of projects related to roads and highways, bridges, electricity infrastructure, and mining infrastructure.
Srinibas Pradhan Constructions Limited is actively engaged in the development of infrastructure in various sectors. The company primarily focuses on the development of the following sectors:
Roads and Highways: The company focuses on the construction of rural roads, major district roads, and urban roads using high-quality materials such as aggregates, sand, tar, and cement.
Bridges and Steel Structures: The company executes high-level bridges and steel structures for bridges and industrial sheds.
Civil Construction: The company provides comprehensive civil construction services.

SPCL participates in competitive bids for infrastructure projects in the state of Odisha. The company serves various sectors of the government of Odisha, public sector undertakings of the state and central governments, and private corporate sectors.The company executes projects related to roads and highways, bridges, irrigation and canal works, civil construction, and industrial development.
As of Feb 15, 2026, the company has reported a consolidated Order Book of Rs. 18,406.95 lakhs.

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Srinibas Pradhan Constructions - Promoter(s)

Mr. Ramakanta Pradhan

Mr. Srinibas Pradhan

Pre Issue Share Holding : 85.27%

Post Issue Share Holding : %

Srinibas Pradhan Constructions IPO - Issue Objectives
1

Funding the working capital requirements of the Company.

2

Repayment of portion of loan availed by our Company

3

General Corporate Purpose.

Contact Details

Srinibas Pradhan Constructions

C/O- Srinibas Pradhan, Near Chuakani Po-Lamtibaha, Jharsuguda, Jharsuguda, Jharsuguda, Odisha, 768216

+91 6645 251105

cs@srinibaspradhan.com

cs@srinibaspradhan.com

Registrar Contact Details

Maashitla Securities Private Limited

+91-11-45121795-96

Investor.ipo@maashitla.com

https://maashitla.com/allotment-status/public-issues