What is the GMP of Srinibas Pradhan Constructions Limited IPO today?

The Grey Market Premium (GMP) for Srinibas Pradhan Constructions Limited IPO is currently ₹0. With an upper price band of ₹98, the estimated listing price is ₹98 per share, reflecting an expected listing gain of ~0%. Grey market premiums can fluctuate based on market sentiment and subscription demand.

What is the price band and lot size for Srinibas Pradhan Constructions Limited IPO?

The price band for Srinibas Pradhan Constructions Limited IPO is ₹91 to ₹98 per equity share. The minimum lot size is 1200 shares, which requires a minimum retail application investment of ₹1,17,600.

What are the important dates for Srinibas Pradhan Constructions Limited IPO?

Srinibas Pradhan Constructions Limited IPO opens for subscription on 2026-03-06T00:00:00 and closes on 2026-03-10T00:00:00. The basis of allotment is scheduled for 2026-03-11T00:00:00, and shares are expected to list on 2026-03-13T00:00:00 on BSE, NSE.

How can I check the allotment status for Srinibas Pradhan Constructions Limited IPO?

You can check Srinibas Pradhan Constructions Limited IPO allotment status on the registrar's official portal (Maashitla Securities Pvt Ltd) or through the official BSE and NSE IPO allotment status pages using your PAN number or Application number.

How to apply for Srinibas Pradhan Constructions Limited IPO?

Investors can apply for Srinibas Pradhan Constructions Limited IPO online through ASBA (Application Supported by Blocked Amount) via their internet banking account, or via UPI using authorized stockbroking platforms like Zerodha, Groww, Angel One, and Upstox.

When does the Srinibas Pradhan Constructions Limited IPO open and close?

The IPO opens on 6 Mar 2026, and closes on 10 Mar 2026.

What is Srinibas Pradhan Constructions Limited IPO price band?

The issue price band is ₹91.00 to ₹98.00 per equity share.

What is the Srinibas Pradhan Constructions Limited IPO lot size?

The minimum lot size is 1200 shares per application.

What is the Srinibas Pradhan Constructions Limited IPO allotment date?

The allotment is scheduled on 11 Mar 2026.

Srinibas Pradhan Constructions Limited IPO Details

All IPOs

Issue Size

20.32 Cr

Price Band

₹91.00 - ₹98.00

Lot Size

1200 Shares

Min Investment

₹2,35,200

GMP

₹0

Subscription

1.13x

₹21.85 Cr

06 Mar 2026

IPO Opens

COMPLETED

10 Mar 2026

IPO Closes

COMPLETED

11 Mar 2026

Basis of Allotment

COMPLETED

12 Mar 2026

Refunds

COMPLETED

12 Mar 2026

Demat Credit

COMPLETED

13 Mar 2026

Listing

COMPLETED

IPO Timeline

IPO OpensDONE

06 Mar 2026

IPO ClosesDONE

10 Mar 2026

Basis of AllotmentDONE

11 Mar 2026

RefundsDONE

12 Mar 2026

Demat CreditDONE

12 Mar 2026

ListingDONE

13 Mar 2026

About Srinibas Pradhan Constructions Limited IPO

Srinibas Pradhan IPO open date is March 6, 2026 and the IPO will close on March 10, 2026. Srinibas Pradhan Constructions IPO is a Bookbuilding IPO Issue. The company to raise around ₹20.32 crores via IPO that comprises fresh issue of ₹16.79 crores and offer for sale up to 3,60,000 equity shares with face value of ₹10 each.

Srinibas Pradhan Constructions IPO price band is ₹91 to ₹98 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Srinibas Pradhan Constructions IPO to list on NSE SME on March 13, 2026.. The allotment of Srinibas Pradhan IPO date is March 11, 2026.

The company reported revenue of ₹89.73 crores in 2025 against ₹35.27 crores in 2024. The company reported profit of ₹6.59 crores in 2025 against profit of ₹3.55 crores in 2024. As per the financials the IPO investors should apply the IPO for a long term.

IPO Details

Srinibas Pradhan Constructions Limited IPO Details and Specifications
IPO Date	06 Mar 2026 to 10 Mar 2026
Face Value	₹10 Per Share
Price Band	₹91.00 - ₹98.00
Lot Size	1200 Shares
Total Issue Size	Approx 20.32 Cr 20,73,600 Equity Shares
Fresh Issue	Approx 16.79 Cr 17,13,600 Equity Shares
Offer for Sale	Approx 3.53 Cr 3,60,000 Equity Shares
Retail Portion	49.48%
Sale Type	Offer for sale
Issue Type	Book-Building IPO
Listing Date	13 Mar 2026
Listing At	NSE
Total Subscription Amount	₹21.85 Cr

Issue Reservation

Investor Category	Shares Offered	% Net Issue
QIB	TBA	0.00%
- Anchor	9,75,600	0.00%
- QIB (Ex. Anchor)	19,200	0.98%
NII	9,75,600	49.54%
- bNII > ₹10L	6,50,400	0.00%
- sNII < ₹10L	3,25,200	0.00%
Retail	9,74,400	49.48%
Market Maker	1,04,400	0.00%
Total	20,73,600	100.00%

IPO Lot Size

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	2	2,400	₹2,35,200
Individual investors (Retail) (Max)	2	2,400	₹2,35,200
S-HNI (Min)	3	3,600	₹3,52,800
S-HNI (Max)	8	9,600	₹9,40,800
B-HNI (Min)	9	10,800	₹10,58,400

About Company

Incorporated in 2020, Srinibas Pradhan Constructions Limited (SPCL) operates in the infrastructure and utilities sector, specializing in the execution of projects related to roads, highways, bridges, electricity infrastructure, and mining infrastructure.

Core Business Activities

SPCL is actively engaged in infrastructure development across a range of sectors, with a primary focus on:

Roads and Highways: Construction of rural, major district, and urban roads using high-quality materials such as aggregates, sand, tar, and cement to ensure long-lasting and reliable infrastructure.
Bridges and Steel Structures: Execution of high-level bridges and steel structures for bridges and industrial sheds.
Civil Construction: Delivery of comprehensive civil construction services including foundations, superstructures, multi-storied buildings, factories, and industrial facilities.

SPCL participates in competitive bidding processes for infrastructure projects across the state of Odisha, catering to state government departments, central and state public sector undertakings, as well as private corporate clients.

The company's project portfolio covers roads, bridges, irrigation and canal works, civil construction, and industrial development.

As on Feb 15, 2026, the company has reported consolidated Order Book of Rs. 18,406.95 lakhs.

Incorporated in Srinibas Pradhan Constructions Limited (SPCL), founded in 2020, is a prominent company that works in the infrastructure and utilities sector. The firm is involved in handling projects related to roads, highways, bridges, electricity infrastructure, and mining infrastructure. The firm’s core activities include the development of infrastructure projects spanning sectors Roads and Highways, Bridges and Steel Structures, Civil Construction, and industrial development.
The company takes part in the bidding (tender) processes to win infrastructure projects in Odisha. The firm offers its services to government departments, public sector companies, and private businesses. Experienced workforce, diverse portfolio, and established reputation are some of the major strengths of the company.2020, Srinibas Pradhan Constructions Limited (SPCL) operates in the infrastructure and utilities sector, specializing in the execution of projects related to roads, highways, bridges, electricity infrastructure, and mining infrastructure.
Core Business Activities
SPCL is actively engaged in infrastructure development across a range of sectors, with a primary focus on:
Roads and Highways: Construction of rural, major district, and urban roads using high-quality materials such as aggregates, sand, tar, and cement to ensure long-lasting and reliable infrastructure.
Bridges and Steel Structures: Execution of high-level bridges and steel structures for bridges and industrial sheds.
Civil Construction: Delivery of comprehensive civil construction services including foundations, superstructures, multi-storied buildings, factories, and industrial facilities.
SPCL participates in competitive bidding processes for infrastructure projects across the state of Odisha, catering to state government departments, central and state public sector undertakings, as well as private corporate clients.
The company's project portfolio covers roads, bridges, irrigation and canal works, civil construction, and industrial development.
As on Feb 15, 2026, the company has reported consolidated Order Book of Rs. 18,406.95 lakhs.

Contact Details

Srinibas Pradhan Constructions Ltd.

C/O- Srinibas Pradhan, Near Chuakani Po-Lamtibaha,

Jharsuguda, Jharsuguda,

Jharsuguda, Odisha, 768216

+91 6645 251105

cs@srinibaspradhan.com

Visit Website

Registrar

Maashitla Securities Pvt Ltd

+91-11-45121795

Investor.ipo@maashitla.com

Lead Managers

Novus Capital Advisors Pvt Ltd

Day-wise GMP Trend

Date & Time	GMP (₹)	Est. Listing Price	Est. Gain (%)	Est. Profit / Lot (₹)
13-Mar-2026 09:08 AM	+₹0	₹98	+0.00%	₹0
12-Mar-2026 06:00 PM	+₹0	₹98	+0.00%	₹0
11-Mar-2026 08:00 AM	+₹0	₹98	+0.00%	₹0
10-Mar-2026 08:00 AM	+₹0	₹98	+0.00%	₹0
09-Mar-2026 08:00 AM	+₹0	₹98	+0.00%	₹0
07-Mar-2026 08:00 AM	+₹0	₹98	+0.00%	₹0
06-Mar-2026 08:00 AM	+₹0	₹98	+0.00%	₹0
05-Mar-2026 08:00 AM	+₹0	₹98	+0.00%	₹0
04-Mar-2026 08:00 AM	+₹0	₹98	+0.00%	₹0
03-Mar-2026 08:00 AM	+₹0	₹98	+0.00%	₹0
02-Mar-2026 08:00 AM	+₹0	₹98	+0.00%	₹0
28-Feb-2026 05:59 PM	+₹0	₹98	+0.00%	₹0

Subscription Status

Category	Subscription (x)	Shares Offered	Shares bid for	Total Amount (₹ Cr)
QIB (Ex. Anchor)	0.03x	19,200	21,600	₹0.21 Cr
NII	1.57x	9,75,600	15,31,200	₹15.01 Cr
bNII > ₹10L	2.22x	6,50,400	14,42,400	₹14.14 Cr
sNII < ₹10L	0.27x	3,25,200	88,800	₹0.87 Cr
Retail	0.69x	9,74,400	6,76,800	₹6.63 Cr
Total	1.13x	19,69,200	22,29,600	₹21.85 Cr

Objects of the Issue

01 Funding the working capital requirements of the Company. : 11.55 Cr
02 Repayment of portion of loan availed by our Company : 1.00 Cr
03 General Corporate Purpose : 2.21 Cr
04 Issue Expenses : 2.03 Cr

Company Financials

Period Ended	30 SEPT 2025	31 MAR 2025	31 MAR 2024
Total Income	45.63	89.73	35.27
Profit After Tax	4.11	6.59	3.55
EBITDA	7.64	13.01	5.58
NET Worth	22.01	15.91	7.72
Reserves and Surplus	17.17	11.55	3.57
Total Borrowing	17.17	17.25	1.88

Amount in ₹ Crore

IPO Valuation - KPI

KPI	31 May 2025
ROCE	71.01%
Debt/Equity Ratio	1.08
Return on Net Worth (RoNW)	55.76%
PAT Margin	7.34%
EBITDA Margin	14.50%
Net Asset Value (NAV)	₹27.36
Earning Per Share (EPS)	₹11.33
Price/Earning P/E Ratio	-

Peer Comparison

Company Name	EPS (₹)	P/E (x)	NAV (₹)	RoNW (%)	Income (₹ Cr)
Sonu Infratech Limited	5.28	15.74	69.10	8.34	71.94
AVP Infracon Limited	9.29	11.84	63.80	16.29	195.73

Promoters and Holding Pattern

Mr. Ramakanta Pradhan, Mr. Srinibas Pradhan are the company's promoters of Srinibas Pradhan Constructions Limited.

Particular	Pre IPO	Post IPO
Promoter and Promoter Group	85.27%	62.10%
Others*	14.73%	37.90%

Strengths

1. The company claims to benefit from the industry experience of its promoters, particularly Mr. Srinibas Pradhan, who has been associated with construction and infrastructure projects since 2001, along with Ramakanta Pradhan. Their experience is stated to contribute to project execution capability, tender participation, and operational oversight within the Odisha infrastructure sector.
2. The company claims to have a team of engineers with technical and on-site execution experience in civil and infrastructure projects. The presence of technically qualified personnel is stated to support supervision of works, adherence to specifications, and timely completion of projects.
3. The company claims to maintain backward linkages for sourcing key construction materials such as bricks, sand, and other supplies. This approach is stated to provide greater control over procurement timelines, cost management, and continuity of supply during project execution.
4. The company undertakes a range of infrastructure works, including roads, bridges, dams, multi-storied buildings, and civil structures. This diversified portfolio enables participation in varied government tenders and reduces dependence on a single category of infrastructure projects.

Risks

1. The company derives 100% of its revenue from projects executed in Odisha, amounting to Rs 45.59 crore for the period ended September 30, 2025; Rs 89.68 crore in FY25; Rs 35.27 crore in FY24; and Rs 26.35 crore in FY23. Such complete regional concentration exposes the business to state-specific risks, including policy changes, a reduction in infrastructure spending, administrative delays, economic slowdown, and regional competition. Any adverse developments in Odisha, including changes in tendering norms or government priorities, may materially affect order inflow, execution capability, and financial performance.
2. A substantial portion of revenue is derived from a limited number of customers. The top 10 customers contributed Rs 44.88 crore (98.45%) for the period ended September 30, 2025; Rs 87.65 crore (97.73%) in FY25; Rs 34.09 crore (96.66%) in FY24; and Rs 26.35 crore (100.00%) in FY23. Dependence on a small client base increases exposure to risks such as non-renewal of contracts, pricing pressure, delayed payments, or reduction in project allocation, which could materially impact revenue stability and cash flows.
3. The company may face liabilities arising from construction defects, quality claims, or project execution delays. Rectification of defects could lead to additional costs, deployment of extra resources, penalties, or reputational damage. In extreme cases, disputes or adverse findings could impact future tender eligibility, contractor registrations, or lead to blacklisting, which may adversely affect business continuity and financial results.
4. The company is dependent on a limited number of suppliers for the procurement of materials. Purchases from the top 10 suppliers aggregated to Rs 17.97 crore (53.25%) for the period ended September 30, 2025; Rs 29.48 crore (40.87%) in FY25; Rs 13.08 crore (43.57%) in FY24; and Rs 11.17 crore (47.19%) in FY23. Any disruption in supply, deterioration in supplier relationships, pricing disputes, or inability to source comparable quality and quantity from alternate vendors could adversely affect project execution timelines, cost structure, and overall financial performance.
5. The company's promoters are involved in certain ongoing legal proceedings, including material civil litigation. Any adverse judgment in these cases can be detrimental to the company's business prospects.

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About Srinibas Pradhan Constructions Limited IPO

IPO Details

Srinibas Pradhan Constructions Limited IPO Details and Specifications
IPO Date	06 Mar 2026 to 10 Mar 2026
Face Value	₹10 Per Share
Price Band	₹91.00 - ₹98.00
Lot Size	1200 Shares
Total Issue Size	Approx 20.32 Cr 20,73,600 Equity Shares
Fresh Issue	Approx 16.79 Cr 17,13,600 Equity Shares
Offer for Sale	Approx 3.53 Cr 3,60,000 Equity Shares
Retail Portion	49.48%
Sale Type	Offer for sale
Issue Type	Book-Building IPO
Listing Date	13 Mar 2026
Listing At	NSE
Total Subscription Amount	₹21.85 Cr

Investor Category

Shares Offered

% Net Issue

QIB

TBA

0.00%

- Anchor

9,75,600

0.00%

- QIB (Ex. Anchor)

19,200

0.98%

NII

9,75,600

49.54%

- bNII > ₹10L

6,50,400

0.00%

- sNII < ₹10L

3,25,200

0.00%

Retail

9,74,400

49.48%

Market Maker

1,04,400

0.00%

Total

20,73,600

100.00%

Application

Lots

Amount

Individual investors (Retail) (Min)

2,400

₹2,35,200

Individual investors (Retail) (Max)

2,400

₹2,35,200

S-HNI (Min)

3,600

₹3,52,800

S-HNI (Max)

9,600

₹9,40,800

B-HNI (Min)

10,800

₹10,58,400

About Company

Core Business Activities

SPCL is actively engaged in infrastructure development across a range of sectors, with a primary focus on:

Roads and Highways: Construction of rural, major district, and urban roads using high-quality materials such as aggregates, sand, tar, and cement to ensure long-lasting and reliable infrastructure.
Bridges and Steel Structures: Execution of high-level bridges and steel structures for bridges and industrial sheds.
Civil Construction: Delivery of comprehensive civil construction services including foundations, superstructures, multi-storied buildings, factories, and industrial facilities.

The company's project portfolio covers roads, bridges, irrigation and canal works, civil construction, and industrial development.

As on Feb 15, 2026, the company has reported consolidated Order Book of Rs. 18,406.95 lakhs.

Incorporated in Srinibas Pradhan Constructions Limited (SPCL), founded in 2020, is a prominent company that works in the infrastructure and utilities sector. The firm is involved in handling projects related to roads, highways, bridges, electricity infrastructure, and mining infrastructure. The firm’s core activities include the development of infrastructure projects spanning sectors Roads and Highways, Bridges and Steel Structures, Civil Construction, and industrial development.
The company takes part in the bidding (tender) processes to win infrastructure projects in Odisha. The firm offers its services to government departments, public sector companies, and private businesses. Experienced workforce, diverse portfolio, and established reputation are some of the major strengths of the company.2020, Srinibas Pradhan Constructions Limited (SPCL) operates in the infrastructure and utilities sector, specializing in the execution of projects related to roads, highways, bridges, electricity infrastructure, and mining infrastructure.
Core Business Activities
SPCL is actively engaged in infrastructure development across a range of sectors, with a primary focus on:
Roads and Highways: Construction of rural, major district, and urban roads using high-quality materials such as aggregates, sand, tar, and cement to ensure long-lasting and reliable infrastructure.
Bridges and Steel Structures: Execution of high-level bridges and steel structures for bridges and industrial sheds.
Civil Construction: Delivery of comprehensive civil construction services including foundations, superstructures, multi-storied buildings, factories, and industrial facilities.
SPCL participates in competitive bidding processes for infrastructure projects across the state of Odisha, catering to state government departments, central and state public sector undertakings, as well as private corporate clients.
The company's project portfolio covers roads, bridges, irrigation and canal works, civil construction, and industrial development.
As on Feb 15, 2026, the company has reported consolidated Order Book of Rs. 18,406.95 lakhs.

Contact Details

Srinibas Pradhan Constructions Ltd.

C/O- Srinibas Pradhan, Near Chuakani Po-Lamtibaha,

Jharsuguda, Jharsuguda,

Jharsuguda, Odisha, 768216

+91 6645 251105

cs@srinibaspradhan.com

Visit Website

Date & Time

GMP (₹)

Est. Listing Price

Est. Gain (%)

Est. Profit / Lot (₹)

13-Mar-2026 09:08 AM

+₹0

₹98

+0.00%

₹0

12-Mar-2026 06:00 PM

+₹0

₹98

+0.00%

₹0

11-Mar-2026 08:00 AM

+₹0

₹98

+0.00%

₹0

10-Mar-2026 08:00 AM

+₹0

₹98

+0.00%

₹0

09-Mar-2026 08:00 AM

+₹0

₹98

+0.00%

₹0

07-Mar-2026 08:00 AM

+₹0

₹98

+0.00%

₹0

06-Mar-2026 08:00 AM

+₹0

₹98

+0.00%

₹0

05-Mar-2026 08:00 AM

+₹0

₹98

+0.00%

₹0

04-Mar-2026 08:00 AM

+₹0

₹98

+0.00%

₹0

03-Mar-2026 08:00 AM

+₹0

₹98

+0.00%

₹0

02-Mar-2026 08:00 AM

+₹0

₹98

+0.00%

₹0

28-Feb-2026 05:59 PM

+₹0

₹98

+0.00%

₹0

Srinibas Pradhan Constructions Limited IPO Details

About Srinibas Pradhan Constructions Limited IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Srinibas Pradhan Constructions Limited IPO open and close?

What is Srinibas Pradhan Constructions Limited IPO price band?

What is the Srinibas Pradhan Constructions Limited IPO lot size?

What is the Srinibas Pradhan Constructions Limited IPO allotment date?

What is the Srinibas Pradhan Constructions Limited IPO listing date?

What is the minimum investment required in Srinibas Pradhan Constructions Limited IPO?

Join the discussion

Srinibas Pradhan Constructions Limited IPO Details

About Srinibas Pradhan Constructions Limited IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Srinibas Pradhan Constructions Limited IPO open and close?

What is Srinibas Pradhan Constructions Limited IPO price band?

What is the Srinibas Pradhan Constructions Limited IPO lot size?

What is the Srinibas Pradhan Constructions Limited IPO allotment date?

What is the Srinibas Pradhan Constructions Limited IPO listing date?

What is the minimum investment required in Srinibas Pradhan Constructions Limited IPO?

Join the discussion