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Srinibas Pradhan Constructions Ltd. IPO Details – Price, Date, GMP & Analysis
Listed
SME
Price Range:
Rs.98.00
Issue Size:
Rs.20.32 Cr
Lot Size:
1200 shares
Open Date:
March 6
Srinibas Pradhan Constructions Ltd. IPO Overview
Bidding Dates
March 6 - March 10
Min Investment
₹117,600
Price Range
₹98.00
Issue Size
₹20.32 Cr
IPO DRHP Doc
Not Available
Company Overview
Incorporated in 2020, Srinibas Pradhan Constructions Limited (SPCL) operates in the infrastructure and utilities sector, specializing in projects related to roads, highways, bridges, electricity infrastructure, and mining. SPCL engages in competitive bidding for infrastructure projects in Odisha, serving government departments, public sector undertakings, and private clients. The company's project portfolio includes roads, bridges, irrigation, civil construction, and industrial development. As of February 15, 2026, SPCL reported a consolidated Order Book of Rs. 18,406.95 lakhs.
IPO Timeline
Timeline information will be updated when available.
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 0.98% | Partially Subscribed |
| NII (Non-Institutional Investors/HNI) | 49.54% | Oversubscribed |
| RII (Retail Individual Investors) | 49.48% | Oversubscribed |
| Total Subscription | Undersubscribed |
Last updated: Percentage of shares offered
Current GMP:
No Premium
Est. Listing:
Rs.98
Est. Gain:
0%
Star Rating:
★★★★★(1/5)
Financial Information
Financial data is visualized in the chart above
Strengths & Risks Analysis
Key Risks
Potential challenges and risk factors
- Operations are geographically concentrated in Odisha.
- High dependence on government contracts through competitive bidding.
- Significant related party transactions with promoter-linked entities.
- Pending civil litigation relating to land acquisition compensation.
- GST notice issued to subsidiary for alleged inadmissible ITC claim.
IPO Details
IPO Reservation
Share Reservation Distribution
HNI (NII)
975,600 shares (47.05%)
Retail
974,400 shares (46.99%)
bNII (>₹10L)
650,400 shares (31.37%)
sNII (<₹10L)
325,200 shares (15.68%)
Market Maker
104,400 shares (5.03%)
QIB
19,200 shares (0.93%)
IPO Subscription Status
Key Dates
Open Date:March 6
Close Date:March 10
Listing Date:March 13
