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.
Srinibas Pradhan Constructions
March 6, 2026 – March 10, 2026
| GMP Rumors * | ₹0 |
|---|---|
| Price | ₹91 - ₹98 |
| Lot size | 1200 |
| Issue size | ₹20.32 cr |
| Allotment | Mar 11, 2026 |
| Listing | Mar 13, 2026 |
Srinibas Pradhan Constructions Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 2400 | 235200 | 406 |
| sHNI | 3 | 3600 | 352800 | 90 |
| bHNI | 9 | 10800 | 1058400 | 181 |
Srinibas Pradhan Constructions Reservation
| Category | Shares Offered | % |
|---|---|---|
| Total | 2073600 | 100% |
| QIB | 19200 | 0.93% |
| HNI | 975600 | 47.05% |
| INDIVIDUAL | 974400 | 46.99% |
| Market Maker | 104400 | 5.03% |
Srinibas Pradhan Constructions About
IPO Details
| Total Issue Size | 20,73,600 shares (aggregating up to ₹20.32 Cr) |
| Fresh Issue | 17,13,600 shares (aggregating up to ₹16.79 Cr) |
| Offer For Sale | 3,60,000 shares (aggregating up to ₹3.53 Cr) |
| Face Value | ₹10/- Per Share |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 61,47,397 shares |
| Share Holding Post Issue | 78,60,997 shares |
| Reserved for Market Maker | 1,04,400 shares (aggregating up to ₹1.02 Cr) |
| Market Maker | Rikhav Securities Ltd. |
Key Performance Indicators (KPI)
| KPI | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| RONW | 21.67% | 55.76% | 68.36% | 104.65% |
| ROCE | 29.79% | 71.01% | 84.29% | 125.21% |
| EPS (BASIC) | 6.89 | 11.33 | 64.25 | 93.13 |
| P/E Pre IPO | 9.15 | |||
| P/E Post IPO | 9.37 |
Company Financial (In ₹Crore)
| Period Ended | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 56.67 | 55.76 | 20.83 | 6.5 |
| Total Income | 45.63 | 89.73 | 35.27 | 26.35 |
| Profit After Tax | 4.11 | 6.59 | 3.55 | 1.48 |
| EBITDA | 7.64 | 13.01 | 5.58 | 2.15 |
| NET Worth | 22.01 | 15.91 | 7.72 | 2.67 |
| Reserves and Surplus | 15.87 | 11.55 | 3.57 | 2.57 |
| Total Borrowing | 17.17 | 17.25 | 1.88 | 0.06 |
Peer Comparison (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Srinibas Pradhan Constructions Limited | 9.15 | 98.00 | 10.00 |
| AVP Infracon Limited | 11.84 | 110.00 | 10.00 |
| Sonu Infratech Limited | 15.74 | 83.10 | 10.00 |
SOURCE:RHP, CMP and P/E Ratio has been computed based on the closing market price of equity shares on Stock exchange (National Stock Exchange of India Limited) as on January 12, 2026, divided by the Basic EPS provided above in the table. we have shown the P/E ratio of the IPO issuer company based on the pre-IPO valuation, and the CMP has been represented by the IPO issue price (upper price band).
Peer Comparison (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Srinibas Pradhan Constructions Limited | 35.81 | 21.67 | 6.89 |
| AVP Infracon Limited | 63.80 | 16.29 | 9.29 |
| Sonu Infratech Limited | 69.10 | 8.34 | 5.28 |
About Company
The Company focuses on executing infrastructure projects primarily in the following areas:
- Roads & Highways: Development of rural roads, major district roads, and urban road networks using durable construction materials such as aggregates, sand, tar, and cement.
- Bridges & Steel Structures: Construction of high-level bridges along with fabrication and erection of steel structures for bridges and industrial sheds.
- Civil Construction: Comprehensive civil works including foundations, superstructures, multi-storey buildings, factories, and other industrial facilities.
SPCL secures projects through competitive bidding, primarily within the state of Odisha, serving state government departments, public sector undertakings (central and state), and private sector clients.
Its diversified project portfolio includes roads, bridges, irrigation and canal projects, civil infrastructure, and industrial development works.
Strength
Experienced Promoters & Strong Industry Reputation: Led by experienced Promoters, including Mr. Srinibas Pradhan (since 2001) and Mr. Ramakanta Pradhan, the Company benefits from deep industry knowledge and leadership in the construction and infrastructure sector.
Skilled and Experienced Workforce: A team of qualified engineers with strong technical and practical expertise ensures precise project execution and high-quality workmanship.
Robust Backward Integration: Strong sourcing capabilities for key materials such as bricks, sand, and construction supplies enhance supply chain stability, cost efficiency, and quality control.
Weakness
Subsidiary Integration Risk: The recent incorporation of its wholly owned subsidiary may lead to restructuring, workflow alignment, and operational integration challenges, requiring effective change management.
Limited Geographic Presence: Although technically capable of operating nationwide, expansion into new regions may require additional marketing efforts, partnerships, and strategic investment.
Supply Chain Disruption Risk: Natural disasters or global supply chain disruptions may delay project execution and impact timelines, affecting overall operations.
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Srinibas Pradhan Constructions IPO FAQs
What is Srinibas Pradhan IPO?
Srinibas Pradhan Constructions IPO is SME IPO. The company is going to raise ₹20.32 Crores via IPO. The issue is priced at ₹91 to ₹98 per equity share. The IPO is to be listed on NSE SME.
When Srinibas Pradhan Constructions IPO will open for subscription?
The IPO is to open on March 6, 2026 for QIB, NII, and Retail Investors. The IPO will close on March 10, 2026.
What is Srinibas Pradhan Constructions IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the Srinibas Pradhan Constructions IPO?
You can apply for Srinibas Pradhan Constructions IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
What is Srinibas Pradhan Constructions IPO Issue Size?
Srinibas Pradhan Constructions IPO issue size is ₹20.32 crores.
What is Srinibas Pradhan Constructions IPO Price Band?
Srinibas Pradhan Constructions IPO Price Band is ₹91 to ₹98.
What is Srinibas Pradhan Constructions IPO Lot Size?
The minimum bid is 2400 Shares with ₹2,35,200 amount.
What is the Srinibas Pradhan Constructions IPO Allotment Date?
Srinibas Pradhan Constructions IPO allotment date is March 11, 2026.
What is the Srinibas Pradhan Constructions IPO Listing Date?
Srinibas Pradhan IPO listing date is March 13, 2026. The IPO is to list on NSE SME.