Indian construction industry grows at 8-10% CAGR till 2030, driven by infra capex, PMAY housing schemes, and Odisha mining/irrigation schemes. Srinibas Pradhan Constructions Ltd, an Odisha-based EPC company since 2017, undertakes civil works, roads, bridges, irrigation canals, and water supply schemes for government orders in Odisha PWD/RVDA.
Srinibas Pradhan Constructions Ltd undertakes turnkey civil works with in-house engineering orders worth ₹150 Cr+, led by experienced promoters Srinibas Pradhan and Ramakanta Pradhan, with repeat government orders and execution in eastern India.
Srinibas Pradhan Constructions Ltd has shown impressive financial performance in recent years before the IPO:
FY25 Revenue ₹89.73 Cr (+154% annualized year-over-year), PAT ₹6.59 Cr (+7.34% margin), Assets ₹55.76 Cr. ₹20.32 Cr NSE Emerge IPO (20.74 lakh shares @ ₹10 FV: fresh 17.14 lakh ₹16.32 Cr + OFS 3.60 lakh ₹4 Cr) at ₹91-98 band (lot 1,200 shares ≈ ₹1.09-1.18 lakh). Opens March 6-10, 2026, allotment March 11, NSE listing March 13.
Srinibas Pradhan Constructions IPO Details:
Srinibas Pradhan Constructions Issue Management:
Novus Capital Advisors Private Ltd acts as the book-running lead manager for Srinibas Pradhan Constructions SME IPO, managing underwriting and compliance.
Srinibas Pradhan Constructions IPO RTA (Registrar) Details:
Maashitla Securities Pvt.Ltd. handles allotment, refunds, and demat credits—contact at 11-45121795-96 or Investor.ipo@maashitla.com.
Srinibas Pradhan Constructions IPO Allotment Status:
To check your IPO allotment status:
Visit the Maashitla Securities Pvt.Ltd. IPO Application Status page.
Select the company name from the dropdown menu.
Select and enter PAN, Application Number, DP/Client ID, or Account Number/IFSC.
Click Submit to view your allotment status.
Action Links:
To apply for Srinibas Pradhan Constructions IPO, open a demat account here
Srinibas Pradhan Constructions IPO Subscription Status: Check live subscription here
Srinibas Pradhan Constructions IPO GMP Update: Check latest grey market premium here
Srinibas Pradhan Constructions Ltd, established in 2017 with its headquarters in Bhubaneswar, undertakes infrastructure development projects with an order book of ₹150 Cr+.
Srinibas Pradhan Constructions Ltd has shown remarkable growth before its IPO. Its FY25 revenue stands at ₹89.73 Cr, with a growth of 154% YoY, along with PAT of ₹6.59 Cr with a margin of 7.34%. Its ₹20.32 Cr NSE SME IPO consists of 20.74 lakh equity shares of ₹10 FV with fresh issues of ₹16.32 Cr and Offer for Sale of ₹4 Cr. It will be listed under the price band of ₹91-98 with a lot size of 1,200 shares ≈ ₹1.09-1.18 lakh). Opens March 6-10, 2026; allotment March 11; NSE Emerge listing March 13.
Srinibas Pradhan Constructions IPO Size:
Srinibas Pradhan Constructions Limited IPO is ₹20.32 Cr total (mixed issue).
Srinibas Pradhan Constructions IPO proceeds will be deployed towards the following objectives:
Srinibas Pradhan Constructions Ltd NSE SME IPO reserves 20.74 lakh shares per SEBI SME norms
The Anchor bidding for Srinibas Pradhan Constructions IPO opens March 5, 2026 (~28% QIB).
Lock-in: 50% for 30 days, 50% for 90 days per SEBI norms. as per SEBI SME guidelines.
The anchor allocation document filed right before issue opens will list specific anchor investor names via registrar Maashitla Securities Pvt.Ltd.
According to RHP reports, Srinibas Pradhan Constructions Ltd posted robust FY25 financials. Revenue surged 154% YoY to ₹89.73 Cr, PAT jumped 245% to ₹6.59 Cr (7.34% margin), ROE 41.88%, ROCE 32.45%, EBITDA margin 12.1%. Growth driven by govt order execution (PWD/irrigation), order book buildup (₹150 Cr+), Odisha infra boom.
The important risks and strengths of Srinibas Pradhan Constructions IPO are mentioned below:
Strengths:
Explosive growth (154% FY25 revenue YoY), ₹150 Cr+ order book visibility from repeat business with Odisha government clients (PWD/RVDA), high ROE of 41.88%.
Experienced promoters (Srinibas Pradhan), in-house execution for civil/irrigation EPC, regional expertise in eastern India infrastructure.
Improving margins (EBITDA 12.1%), low debt, fresh capex funding order wins.
Risks
Dependency on government contracts (~100% revenue), tender delays/payment risks in Odisha PWD.
Low operating history (2017 onwards), execution risks on large orders amidst labor/material cost inflation.
Regional focus, competition from larger EPC companies like HCC/L&T, working capital intensity (DSO 180+ days).
RHP filings confirm Srinibas Pradhan Constructions Ltd's FY25 strength with revenue ₹89.73 Cr (+154% YoY), PAT ₹6.59 Cr (+245% YoY), RoNW 29.64%, and post-issue P/E ~9.2x (FY25 EPS ₹10.65)—bargain vs peers GPT Infraprojects (45x), GR Infra (32x).
The company's Odisha govt-focused EPC (civil/roads/bridges/irrigation) leverages ₹150 Cr+ order book, repeat tenders from PWD/RVDA.
The ₹20.32 Cr NSE SME IPO at ₹98 upper band (post-issue MCap ₹115 Cr) trades at 1.28x sales/9.2x EPS. Hyper-growth, 32.45% ROCE, strong execution outweigh govt reliance, high DSO for listing/multibagger gains.
Investors are advised to exercise discretion and refer to the full DRHP/RHP document before reaching any investment decision. This analysis is for informative purposes and not investment advice.
Action Links:
To apply for Srinibas Pradhan Constructions IPO, open a demat account here
Srinibas Pradhan Constructions IPO Subscription Status: Check live subscription here
Srinibas Pradhan Constructions IPO GMP Update: Check latest grey market premium here
1. What is the Srinibas Pradhan Constructions IPO open and close date?
The Srinibas Pradhan NSE SME IPO opens March 6, closes March 10, 2026; allotment March 11, NSE Emerge listing March 13.
Track Srinibas Pradhan Constructions IPO subscription status live here from Finnpick.
2. What is the Srinibas Pradhan Constructions IPO price band and lot size?
The IPO price band ₹91-98 per share (FV ₹10), lot size 1,200 shares; retail min ₹1.09-1.18 lakh.
3. What is Srinibas Pradhan Constructions IPO total size?
The Srinibas Pradhan Constructions IPO size is ₹20.32 Cr mixed issue (20.74 lakh shares), NSE listing March 13, 2026.
4. How to apply for the Srinibas Pradhan Constructions IPO?
Open a demat here (Zerodha/Upstox/AngelOne) or ASBA by Mar 10, 4 PM. Monitor Srinibas Pradhan Constructions IPO subscription tracker here.
5. How to check Srinibas Pradhan Constructions IPO Allotment Status?
The allotment date is on Mar 11th and can be checked on Maashitla Securities Pvt.Ltd. portal RTA portal using PAN/DP ID.
6. What is Srinibas Pradhan Constructions IPO GMP today and subscription status?
Current Grey Market Premium (GMP) stands at ₹0 (flat) as of Feb 28, indicating listing at the price range of ₹97—check daily updates of Srinibas Pradhan Constructions IPO GMP trends here and live subscription status here from Mar 06th opening only on Finnpick.
7. What does Srinibas Pradhan Constructions specialize in?
Srinibas Pradhan Constructions specializes in EPC civil construction including roads, bridges, irrigation canals, and water supply projects primarily for Odisha government departments like PWD and RVDA.
8. When is the Srinibas Pradhan Constructions IPO listing date?
The Srinibas Pradhan Constructions Ltd IPO lists on 13th March, 2026 on NSE SME (~T+2 post-allotment Feb 11).
9. What are the IPO proceeds utilization details?
The Srinibas Pradhan Constructions IPO fresh issue ₹16.32 Cr allocates ₹12 Cr to working capital requirements, ₹2.50 Cr to purchase machinery/equipment, ₹1.82 Cr for general corporate purposes.
