Srinibas Pradhan Constructions IPO

Srinibas Pradhan Constructions is an Odisha-based infrastructure company engaged in construction of roads, highways, bridges and civil structures along with industrial buildings and maintenance works. The company executes projects largely through government tenders and private contracts which is supported by its wholly owned subsidiary which holds an A-class contractor license, allowing it to bid for higher-value projects. In FY25 out of total revenue, 70.23% came from road and bridge construction, 23.82% from industrial and other buildings, 5.53% from maintenance and a small contribution from equipment rental (0.42%). The business is largely B2B driven with 91.19% revenue came from non-government clients in FY25. Revenue is a mix of direct contracts (54.36%) and subcontracted work (45.64%).

As of February 2026 the company’s order book stood at ₹184.07 crore with a mix of road, bridge, industrial and civil projects at different execution stages. These projects are secured through a structured tender process and executed using in-house capabilities which are supported by on-site laboratories for quality testing of materials like concrete, soil, and aggregates. The company follows an asset-light procurement model by sourcing raw materials such as cement, steel and aggregates from third parties.