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Srinibas Pradhan Constructions IPO
1.18xsubscribed

Srinibas Pradhan Constructions IPO

Engineering - Construction
listed
₹2.18LMin. investment

Srinibas Pradhan Constructions Limited IPO Details

SectorEngineering - Construction
Price range₹91.00 – ₹98.00
IPO type
SME
Lot size1200 shares
Issue size₹20Cr
Red Herring Prospectus
Read
Market cap
₹77.04CrLower than sector avg
RevenueApr 5 - Mar 6
₹89.68CrLower than sector avg
Growth rate3Y CAGR
84.48%Higher than sector avg

Srinibas Pradhan Constructions IPO Subscription Status

Date
QIB
NII
Retail
Total
06-Mar-26
0.0 times (X)
0.03 times (X)
0.14 times (X)
0.09 times (X)
09-Mar-26
1.13X
1.65X
0.46X
1.05X
10-Mar-26
1.13X
1.68X
0.69X
1.18X

As on 06-Mar-26, 5:30 PM

Srinibas Pradhan Constructions IPO Timeline

  1. Pre-apply
    5 Mar 2026
  2. Bid start
    6 Mar 2026
  3. Bid end
    10 Mar 2026
  4. Allotment
    11 Mar 2026
  5. Release of funds
    12 Mar 2026
  6. Demat transfer
    12 Mar 2026
  7. Listing
    13 Mar 2026

About Srinibas Pradhan Constructions Limited

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.

Checklist

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Objectives of Srinibas Pradhan Constructions Limited IPO

Working capital
68.78%
The company will utilise ₹11.55 crore for working capital requirement
General corporate purposes
25.27%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses
Repayment of loan
5.95%
The company will utilise ₹1 crore for repaying the portion of loan availed by the company.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹89.68Cr84.48%₹6.58Cr₹77.04Cr8.651.08
This sector (avg.)₹2,186.73Cr0.03%₹107.3Cr₹5,580.04Cr39.871.33
₹2,55,547.01Cr---₹17,687.39Cr₹5,40,931.7Cr33.291.36
₹19,923.02Cr---₹1,281.52Cr₹71,599.59Cr63.030.57
₹7,062Cr---₹6,480.68Cr₹25,092.05Cr3.811.04

*Revenue for financial year 5-6. Lower P/E and D/E ratios are generally preferred.

Srinibas Pradhan Constructions IPO Contact Details

Company NameSrinibas Pradhan Constructions Limited

How to apply for Srinibas Pradhan Constructions IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Srinibas Pradhan Constructions Limited IPO FAQs