The Srinibas Pradhan IPO was subscribed overall 1.13 times on the last day, while the retail quota was subscribed 0.69 times, QIB subscribed 1.13 times, and the NII quota subscribed 1.57 times, respectively.
Srinibas Pradhan IPO Listing Details
| Listing Date | March 13, 2026 |
| BSE Code | – |
| NSE Code | SPCON |
| ISIN Code | INE0TPJ01019 |
| Offer Price | ā¹91 to ā¹98 |
| Face Value | ā¹10 |
| Listing Price | ā¹100.05 |
Details about Srinibas Pradhan IPO
Srinibas Pradhan has received approval from SEBI for an IPO of ā¹20.32 crores via fresh issue of ā¹16.79 crores and offer for sale up to 3,60,000 equity shares with a face value of ā¹10 each.
Moreover, the company has set up a price band between ā¹91 to ā¹98 per share.
In this IPO, a total of 2,400 shares were available in 2 lot sizes for the minimum Retail category and maximum Retail category. S-HNI (Min) has a total of 3,600 shares in 3 lot sizes. S-HNI (Max) has a total of 9,600 shares in 8 lot sizes. B-HNI (Min) has a total of 10,800 shares in 9 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum & Maximum investment of ā¹2,35,200.
- S-HNI (Minimum): Minimum investment of ā¹3,52,800.
- S-HNI (Max): Maximum investment of ā¹9,40,800
- B-HNI (Min): Minimum investment of ā¹10,58,400
Subscription duration of the Srinibas Pradhan IPO
The opening date of the Srinibas Pradhan IPO subscription was March 6, 2026, and the closing date was March 10, 2026. The Srinibas Pradhan IPO allotment was finalized on March 11, 2026, and the IPO listing is on March 12, 2026.
Funds Deployment of This Company
- Funding of Working Capital requirements
- Some funds for the repayment of the loan taken by the company
- General Corporate Purpose
About the Srinibas Pradhan IPO
Incorporated in 2020, Srinibas Pradhan Construction Limited (SPCL) is one of the leading companies that is involved in the infrastructure and utilities sector. The company takes part in the bidding (tender) processes to win infrastructure projects in Odisha. The firm is involved in handling projects related to roads, highways, bridges, electricity infrastructure, and mining infrastructure.
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. The firmās core activities include the development of infrastructure projects spanning sectors, such as Roads and Highways, Bridges and Steel Structures, Civil Construction, and industrial development.
Srinibas Pradhan Constructions IPO Company Financial Report
The company reported revenue of ā¹89.73 crores in 2025 against ā¹35.27 crores in 2024. The company reported a profit of ā¹6.59 crores in 2025 against a profit of ā¹3.55 crores in 2024.
