LCC Projects IPO Day 3: Issue closes with over 48x subscription; check allotment date and step to check status on NSE, BSE

The initial public offering (IPO) of LCC Projects’ continued to see strong demand on its third day of subscription and ended with a total booking of 48.51 times on Friday, September 11.

Until 5 PM, the initial share sale of the firm had received bids for 101.52 crore shares approximately as compared to 2.09 crore shares on offer, as per exchange data.

The non-institutional investor (NII) category was subscribed 62.99 times, while the retail individual investor (RII) segment saw 25.56 times subscriptions. However, the Qualified Institutional Buyers (QIB) portion was booked 78.69 times.

The engineering, procurement and construction (EPC) company’s ₹427.14 crore had a price band of ₹139 to ₹146 per share.

The IPO is a combination of a fresh issuance of equity shares aggregating up to ₹258 crore and an offer-for-sale (OFS) component of 1.16 crore shares worth ₹169.14 crore by promoters Arjan Suja Rabari and Laljibhai Arjanbhai Ahir.

The net proceeds from the fresh issue will be used for the purchase of equipment, repayment of certain outstanding borrowings and general corporate purposes.

"Our company will receive the benefits of listing of its equity shares on the Stock Exchanges, including enhancement of our company's brand name and creating a public market for our equity shares in India," the company said in its red herring prospectus.

Prior to the IPO, the company collected ₹128.14 crore from anchor investors, including Astorne Capital, Craft Emerging Market Fund, Sunrise Investment Trust, ASAS Global Fund, Edelweiss Life Insurance Company, Necta Bloom VCC, Rajasthan Global Securities, LRSD Securities and RGSL Investment Fund, among others.

The company has allotted 87.77 lakh shares to 11 anchor investors at ₹146 per share, according to a circular uploaded on exchanges.

LCC Projects IPO Objective

The money raised from the IPO will be used towards the following objectives:

LCC Projects IPO date

The LCC Projects IPO opened for subscription on September 9, 2026, and will close on September 11, 2026. Following the close of the issue, the IPO allotment status is scheduled to be updated on September 15, 2026.

Investors who receive an allotment can expect the shares to be credited to their demat accounts on September 16, 2026. The shares are scheduled to be listed on the NSE and BSE on Thursday, September 17, 2026.

Steps to check LCC Projects IPO allotment status on NSE

• Chose ‘Equity & SME IPO bid details’

• Select ‘LCC Projects’ from the list of IPO names.

• Enter your application number and PAN details.

• Click ‘Submit’ to view the status of your IPO allotment.

Steps to check LCC Projects IPO allotment status BSE

• Visit the BSE IPO allotment status page: https://www.bseindia.com/investors/appli_check.aspx

• Select ‘LCC Projects’ as the issue type.

• From the dropdown menu, select ‘LCC Projects’. Identify yourself using either PAN details or the IPO application number.

• Click on the ‘I’m not a robot’ tab and press the ‘Search’ button to see the allotment details.

LCC Projects Ltd is a multi-disciplinary engineering, procurement and construction (EPC) player. Over two decades, the company has executed an array of projects in the irrigation and water supply segment, like constructing dams, weirs, barrages, hydraulic structures, canals, lift irrigation works, pipe distribution networks, water supply schemes and other EPC projects.