LCC Projects IPO Details
| IPO Open Date | September 9, 2026 |
| IPO Close Date | September 11, 2026 |
| Face Value | ₹5 Per Equity Share |
| IPO Price Band | ₹139 to ₹146 Per Share |
| Issue Size | Approx ₹427.14 Crores |
| Fresh Issue | Approx ₹258 Crores |
| Offer for Sale: | Approx 1,15,85,000 Equity Shares |
| Issue Type | Bookbuilding Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
LCC Projects IPO Market Lot
The LCC Projects IPO minimum market lot is 102 shares with ₹14,892 application amount. The retail investors can apply up-to 13 lots with 1,326 shares of ₹1,93,596 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 102 | ₹14,892 |
| Retail Maximum | 13 | 1,326 | ₹1,93,596 |
| S-HNI Minimum | 14 | 1,428 | ₹2,08,488 |
| S-HNI Maximum | 67 | 6,834 | ₹9,97,764 |
| B-HNI Minimum | 68 | 6,936 | ₹10,12,656 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 87,76,869 Shares | 30% |
| QIB (Ex. Anchor) | 58,51,247 Shares | 20% |
| NII Shares Offered | 43,88,435 Shares | 15% |
| Retail Shares Offered | 1,02,39,681 Shares | 35% |
LCC Projects IPO Anchor Investors
| Anchor Bidding Date | September 8, 2026 |
| Anchor Investors List | |
| Shares Offered | 87,76,869 Shares |
| Anchor Size | 128.14 Cr. |
| lock-in period end date 50% shares (30 Days) | Oct 15, 2026 |
| lock-in period end date 50% shares (90 Days) | Dec 14, 2026 |
LCC Projects IPO Dates
The LCC Projects IPO date is September 9 and the close date is September 11. The LCC Projects IPO allotment will be finalized on September 15 and the IPO listing on September 17.
| IPO Open Date: | September 9, 2026 |
| IPO Close Date: | September 11, 2026 |
| Basis of Allotment: | September 15, 2026 |
| Refunds: | September 16, 2026 |
| Credit to Demat Account: | September 16, 2026 |
| IPO Listing Date: | September 17, 2026 |
Promoters and Holding Pattern
The promoters of the company are Arjan Suja Rabari, Laljibhai Arjanbhai Ahir and Maya Arjan Rabari.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
| Promoter and Promoter Group | 272,000,000 | 100% | 260,415,000 | 89.90% |
| Others* | – | -% | 29,256,232 | 10.10% |
| Total | 272,000,000 | 100% | 289,671,232 | 100% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Purchase of equipment. | ₹14.69 |
| Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company. | ₹180.00 |
| General corporate purposes. | – |
About LCC Projects IPO
LCC Projects, founded in 2017, is an engineering, procurement, and construction (“EPC”) firm that works mainly on irrigation and water supply projects. Its projects include construction of dams, barrages, weirs, hydraulic structures, canals, pipe distribution networks, lift irrigation works, water supply schemes, and other EPC projects.
As of September 2024, the firm has completed 68 projects, of which the Sondwa Lift Micro Irrigation Project, Sidhi Bansagar Multi–Village Scheme, and Gandhi Sagar 1 Multi-Village Scheme are the top three. Moreover, LCC has also completed various notable projects such as the construction of the Tawa Left Bank Canal, Parbati Dam Project, Dudhai Sub Branch Canal Project, and AKOT Lift Irrigation Scheme.
In FY22, the firm was operating in 8 states, and by FY24, it had expanded to 11 states: Gujarat, Madhya Pradesh, Odisha, Rajasthan, Maharashtra, Uttar Pradesh, Karnataka, Jharkhand, Chhattisgarh, Himachal Pradesh, and Haryana.
LCC Projects IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹2449.79 | ₹2241.87 | ₹122.00 | ₹1129.99 |
| 2025 | ₹2941.01 | ₹2647.56 | ₹223.63 | ₹1727.46 |
| 2026 | ₹3639.45 | ₹3260.12 | ₹286.44 | ₹2447.54 |
LCC Projects IPO Valuation – FY2026
Check LCC Projects IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 32.24% |
| ROCE: | 27.13% |
| EBITDA Margin: | 14.44% |
| PAT Margin: | 7.96% |
| Debt to equity ratio: | 0.97 |
| Earning Per Share (EPS): | ₹10.42 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 32.24% |
| Net Asset Value (NAV): | ₹32.66 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Vishnu Prakash R Punglia Limited | (12.04) | – | – | 50.54 | 851.20 Cr. |
| Enviro Infra Engineers Limited | 10.42 | 19.14 | 15.28% | 70.23 | 1145.60 Cr. |
IPO Lead Managers aka Merchant Bankers
- Motilal Oswal Investment Advisors Ltd.
Company Address
LCC Projects Ltd.
‘B’ Wing,15th Floor, Privilon Building,
Vikram Nagar AmbliBopal Road,
Behind ISKCON Temple,
Ahmedabad, Gujarat, 380058
Phone: +91 79 4848 4453
Email: [email protected]
Website: https://www.lccprojects.com/
IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://ipostatus.kfintech.com/
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Note: The LCC Projects IPO price band and date are officially announced. The (LCC Projects IPO grey market premium) will be added to the IPO GMP page as it will start).
