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Srinibas Pradhan Constructions IPO: GMP, Price, Analysis & Details
Table of Contents
Srinibas Pradhan Constructions IPO - Company Analysis
Srinibas Pradhan Constructions IPO under the SME IPO category is a bookbuild issue of Rs. 20.32 Cr by Srinibas Pradhan Constructions Limited and works in the utilities and infrastructure industry, with a focus on completing projects involving roads, highways, bridges, electrical infrastructure, and mining infrastructure.
Essential Business Operations
In a variety of industries, SPCL is actively involved in infrastructure development, with a primary focus on:
- Roadways and Highways
- Steel Structures and Bridges
- Civil Building.
Srinibas Pradhan Constructions IPO Details
The Srinibas Pradhan Constructions IPO date of opening is 06 Mar 2026, its initial public offering will end on 10 Mar, IPO allotment on Mar 11 and refund initiation on Mar 12, 2026.
The Rs. 20.32 crore new SME IPO comprises a combination of fresh issue of 0.17 crore shares aggregating to Rs. 16.79 crores and offer for sale of 0.04 crore shares aggregating to Rs. 3.53 crores..
The Srinibas Pradhan Constructions IPO listing date (expected) might be on Friday, Mar 13, 2026, and listing at the NSE and SME.
The Srinibas Pradhan Constructions IPO price band is Rs. 91 to Rs. 98.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Mar 06, 2026 |
|
IPO Closing Date |
Mar 10, 2026 |
|
IPO Allotment Date |
Mar 11, 2026 |
|
Refund Initiation |
Mar 12, 2026 |
|
IPO Listing Date |
Mar 13, 2026 |
Click to open demat account and apply for the IPO.
Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Assets |
55.76 |
20.83 |
6.50 |
|
Total Income |
89.73 |
35.27 |
26.35 |
|
PAT |
6.59 |
3.55 |
1.48 |
|
EBITDA |
13.01 |
5.58 |
2.15 |
|
Net Worth |
15.91 |
7.72 |
2.67 |
|
Reserves & Surplus |
11.55 |
3.57 |
2.57 |
|
Total Borrowing |
17.25 |
1.88 |
0.06 |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Net Cash Flow Operating Activities |
(1,378.76) |
276.43 |
(39.31) |
|
Net Cash Flow Investing Activities |
(173.45) |
(589.33) |
(41.12) |
|
Net Cash Flow Financing Activities |
1,559.79 |
313.87 |
75.47 |
Revenue Bifurcation
(Source: RHP)
The Objective of the Issue
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
- Funding the working capital requirements of the Company. ~ Rs. 11.55 Cr.
- Repayment of portion of loan availed by our Company. ~ Rs. 1.00 Cr.
Listed Peers of Srinibas Pradhan Constructions Ltd.
| Name of Company | Face Value (₹) | Basic EPS (₹) | PE Ratio (x) |
|
AVP Infracon Limited |
10.00 |
9.29 |
11.84 |
|
Sonu Infratech Limited |
10.00 |
5.28 |
15.74 |
Valuation
|
KPI |
Value |
|
ROE / RoNW |
55.76% |
|
ROCE |
71.01% |
|
Debt to Equity Ratio |
1.08 |
|
PAT Margin |
7.34% |
|
EBITDA Margin |
14.50% |
|
Price to Book Value (P/B) |
3.58 |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 11.33 from the last year, the resulting P/E ratio is 8.64x.
Explore the Kiaasa Retail IPO.
Srinibas Pradhan Constructions IPO GMP (Grey Market Premium)
Srinibas Pradhan Constructions IPO GMP today is Rs. 0 as of 02 Mar 2026 while writing this information.
Srinibas Pradhan Constructions IPO Summary
|
IPO Opening & Closing Date |
06 Mar, 2026 to 10 Mar, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 91 to Rs. 98 per Share. |
|
Lot Size |
1200 Shares |
|
Issue Size |
20,73,600 Shares (Rs. 20 Cr) |
|
Offer for Sale |
3,60000 Shares (Rs. 4 Cr) |
|
Fresh Issue |
16 ,09,200 Shares (Rs. 16 Cr) |
|
Listing at |
NSE, SME |
|
Issue Type |
Bookbuild issue IPO |
|
Registrar |
Maashitla Securities Pvt. Ltd. |
IPO Lot Details
Retail investors can invest in a minimum of 2 Lots (2400 Shares) for Rs. 2,35,200, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (3600 Shares) for Rs. 3,52,800.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Srinibas Pradhan Constructions IPO Allotment Status
To check the Srinibas Pradhan Constructions IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Srinibas Pradhan Constructions Ltd.
- Mr. Ramakanta Pradhan
- Mr. Srinibas Pradhan
|
Pre-Issue Promoter Shareholding |
85.27% |
|
Post-Issue Promoter Shareholding |
- |
IPO Lead Managers
-
Novus Capital Advisors Private Limited
Dividend Policy
The company has not paid a dividend during the last three years.
Conclusion
Supported by solid growth in infrastructure projects, Srinibas Pradhan Constructions' IPO offers an appealing price with high ROE (55.76%), strong ROCE (71.01%), and a fair P/E of 8–14x compared to rivals. The money will help with debt reduction and working capital, putting the business in a strong position in Odisha's civil construction market as government spending rises.
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.
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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.
