Annu Projects IPO- Complete Overview
Annu Projects IPO is a Mainboard IPO with an issue size of Rs. 175.06 Cr by Annu Projects Limited, which is an EPC (engineering, procurement, and construction) firm. It is involved in the design, development, implementation, operation, and maintenance of critical overhead and subterranean utility infrastructure, including gas pipeline vertical, telecom vertical, and sewage vertical.
Important Verticals:
-
Telecom infrastructure
-
Sewerage Infrastructure
-
Gas Pipeline
This new IPO is to be launched on 25 Aug 2026, and its ‘initial public offering’ will end on 28 Aug 2026.
Annu Projects IPO Details
This Mainline IPO comprises a wholly fresh issue of 1.77 crore shares. The Annu Projects IPO listing date (expected) might be Wednesday, Sep 02, 2026, and the listing on the BSE and NSE.
The Annu Projects IPO price band is Rs. 94 to Rs. 99.
IPO Timetable (Tentative)
The Annu Projects IPO date is from 25 Aug to 28 Aug, with IPO allotment on Aug 31, refund initiation on Aug 31, and listing on Sep 02, 2026.
|
Events |
Date |
|
IPO Opening Date |
Aug 25, 2026 |
|
IPO Closing Date |
Aug 28, 2026 |
|
IPO Allotment Date |
Aug 31, 2026 |
|
Refund Initiation |
Aug 31, 2026 |
|
IPO Listing Date |
Sep 02, 2026 |
If you want to apply for the IPO, click to open a Demat Account.
Industry Overview & Outlook
The High Voltage Transmission Line market size is expected to grow at a CAGR of 9.00% from the year 2024 to 2028.
Company Financial
(Amount in Cr)
|
Period |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Assets |
341.82 |
233.37 |
161.34 |
|
Total Income |
244.59 |
182.35 |
155.42 |
|
Profit After Tax |
33.03 |
21.10 |
17.39 |
|
EBITDA |
50.19 |
32.19 |
28.50 |
|
NET Worth |
155.26 |
122.06 |
68.93 |
|
Reserves and Surplus |
107.45 |
74.25 |
66.39 |
|
Total Borrowing |
52.54 |
22.27 |
19.69 |
Cash Flows
The cash flows for various activities are shown below:
(Amount in Mn)
|
Net Cash Flow In Multiple Activities |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
(2.47) |
(353.78) |
82.05 |
|
Net Cash Flow Investing Activities |
(234.40) |
(14.09) |
(39.20) |
|
Net Cash Flow Financing Activities |
261.14 |
342.77 |
(39.93) |
Revenue Bifurcation
(Source : RHP)
The Objective of the Issue
-
Funding capital expenditure requirements of the Company for the purchase of machinery or equipment. ~ Rs. 15.41 Cr.
-
Funding working capital requirements of the Company. ~ Rs. 115 Cr.
-
General Corporate Purposes.
Peers of Annu Projects
|
Name of the Company |
Face Value (₹ per share) |
EPS Basic (₹) |
P/E (x) |
|
Likhitha Infrastructure Limited |
5 |
9.94 |
23.17 |
|
Bondada Engineering Limited |
2 |
18.28 |
16.60 |
|
EMS Limited |
10 |
16.30 |
24.65 |
|
Suyog Telematics Limited |
10 |
54.70 |
16.11 |
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 6.91 from the last year, the resulting P/E ratio is 14.32x.
The Lalithaa Jewellery Mart IPO application will be available from 17 August 2026.
Annu Projects IPO Valuation
|
KPI |
Value (Mar 31, 2026) |
|
ROE |
21.27% |
|
ROCE |
22.66% |
|
Debt/Equity |
0.34 |
|
RoNW |
21.27% |
|
PAT Margin |
13.69% |
|
EBITDA Margin |
20.81% |
IPO's Strengths
-
Engineering, procurement and commissioning projects with special focus on underground and overhead utilities infrastructure
-
Project management with integrated execution capabilities
-
Strong order book
-
Strong and consistent financial performance.
IPO's Weaknesses
IPO's Weaknesses
-
During fiscal years 2026, 2025, and 2024, the company's telecom infrastructure and sewerage infrastructure sectors accounted for over 90% of its operating revenue. Its business could be negatively impacted by any slowdown in these industries or a decline in the demand for its services.
-
Based on competitive bidding, the company received 57.09%, 64.99%, and 60.88% of its operating revenue from government sector organizations in Fiscal Years 2026, 2025, and 2024, respectively.
-
In Fiscal Years 2026, 2025, and 2024, the company's top ten clients contributed 97.96%, 98.25%, and 95.90% of operating revenue, respectively. Its business, financial situation, and cash flows could be negatively impacted by the loss of a significant client, decreased demand, or an inability to diversify its clientele.
Annu Projects IPO GMP Today
Annu Projects IPO GMP has not started yet as of August 20, 2026, when this information was written.
IPO Other Details
|
IPO Opening & Closing Date |
25 Aug 2026 to 28 Aug 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 94 to Rs. 99 |
|
Lot Size |
151 Shares |
|
Issue Size |
1,76,83,000 shares (Rs. 175 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
1,76,83,000 shares (Rs. 175 Cr) |
|
Listing At |
BSE, NSE |
|
Issue Type |
Book Built Issue IPO |
|
Registrar |
Kfin Technologies Ltd. |
IPO Grey Market Premium
The current IPO GMP is available at our live IPO GMP page, where you can get the GMP today for open Mainboard and SME IPOs.
Annu Projects IPO Lot Size
The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (151 Shares) amounting to Rs. 14,949 and 13 Lots (1963 Shares) for Rs. 1,94,337, respectively, while for HNI investors, the minimum Lot is 14 (2114 Shares) amounting to Rs. 2,09,286.
|
Minimum Lot Investment (Retail) |
1 Lot |
|
Maximum Lot Investment (Retail) |
13 Lots |
|
S-HNI (Minimum) |
14 Lots |
|
S-HNI (Maximum) |
66 Lots |
|
B-HNI (Minimum) |
67 Lots |
IPO Reservation
|
Institutional Share Portion |
10% |
|
Retail Investors' Share Portion |
50% |
|
Non-Institutional Shares Portion |
40% |
Promoters and Management of Annu Projects Ltd.
-
Sanjay Kumar Sarraf
-
Krishna Ranjan.
|
Pre-Issue Promoter Shareholding |
89.11% |
|
Post-Issue Promoter Shareholding |
65.05% |
IPO Lead Managers
Mefcom Capital Markets Ltd.
Dividend Policy
The company has not paid a dividend during the last three FYs.
Conclusion
Annu Projects IPO, a Mainboard issue of ₹175 Cr by the EPC firm specializing in telecom, sewerage, and gas pipeline infrastructure, opens from 25 to 28 August 2026 at a price band of ₹94–₹99. With strong financial growth, a robust order book, and proceeds aimed at capex and working capital, the IPO presents an opportunity for investors eyeing India’s utility infrastructure sector.
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Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
To Apply for the IPO, Click Here.
To Read the Prospectus of the Company Click Here to Download the DRHP.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
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