Srinibas Pradhan Constructions IPO Overview
Srinibas Pradhan Constructions Limited is an infrastructure development and civil construction company, primarily involved in roads, highways, bridges, and industrial construction projects. The company focuses on executing infrastructure projects such as rural roads, urban roads, bridges, steel structures, and industrial facilities.
The company is launching its SME IPO on the NSE SME platform to raise around ₹20.32 crore through a combination of fresh issue and offer for sale. The price band is ₹91–₹98 per share and the lot size is 1,200 shares, making the minimum retail investment about ₹1.17 lakh.
The IPO opens on 6 March 2026 and closes on 10 March 2026, with listing expected on 13 March 2026.
IPO DETAILED INFORMATION
Issue Details
| Parameter | Details |
| IPO Type | Book Built – SME IPO |
| IPO Open Date | 6 March 2026 |
| IPO Close Date | 10 March 2026 |
| Allotment Date | 11 March 2026 |
| Credit to Demat | 12 March 2026 |
| Refund Initiation | 12 March 2026 |
| Listing Date | 13 March 2026 |
| Price Band | ₹91 – ₹98 per share |
| Face Value | ₹10 per share |
| Lot Size | 1,200 shares |
| Minimum Retail Investment | ~₹2,35,200 |
| Issue Size | ₹20.32 crore |
| Fresh Issue | ₹16.79 crore |
| Offer For Sale (OFS) | 3,60,000 shares (~₹3.53 crore) |
| Total Shares Offered | 20,73,600 equity shares |
| Listing Exchange | NSE SME |
Issue Break-up
| Category | Allocation |
| QIB (Qualified Institutional Buyers) | 50% |
| NII (Non-Institutional Investors) | 15% |
| Retail Investors | 35% |
Selling Shareholders (OFS)
The Offer for Sale portion includes shares sold by promoters:
| Selling Shareholder | Shares Offered |
| Srinibas Pradhan | 1,80,000 |
| Ramakanta Pradhan | 1,80,000 |
Total 3,60,000 shares will be sold through the OFS portion.
Objects of the Issue (Fund Utilization)
The company plans to utilize the IPO proceeds for the following purposes:
- Working capital requirements to support ongoing infrastructure projects.
- Repayment or reduction of existing borrowings.
- General corporate purposes, including operational expansion.
These funds will strengthen the company’s balance sheet and allow it to undertake larger infrastructure projects in the future.
Lead Managers & Registrar
- Book Running Lead Manager: Novus Capital
- Registrar to the Issue: Maashitla Securities Pvt. Ltd.
Promoters & Management
Promoters of the company include:
- Srinibas Pradhan – Promoter & Managing Director
- Ramakanta Pradhan – Promoter
Promoter holding before the IPO is around 85%, indicating strong promoter control.
Company Details
Srinibas Pradhan Constructions Limited was established in 2020 and operates in the infrastructure and construction sector. The company undertakes projects related to roads, bridges, steel structures, and civil construction works.
The company also works on industrial infrastructure such as factories and multi-storey structures, serving both government and private sector clients.
The company has an order book of around ₹184 crore, which reflects strong project demand and growth potential in the infrastructure sector.
Financial Snapshot
| Year | Revenue (₹ Cr) | Profit (₹ Cr) |
| FY2025 | 89.73 | 6.59 |
| FY2024 | 35.27 | 3.55 |
| FY2023 | 26.35 | 1.48 |
The company has shown rapid growth in revenue and profitability, supported by increasing infrastructure projects and expansion of operations.
Company Strengths
1. Strong growth in infrastructure sector
Government focus on roads, highways, and infrastructure development supports long-term demand.
2. Rapid revenue growth
Revenue increased significantly from ₹26 crore to nearly ₹90 crore in two years.
3. Diversified project portfolio
The company works in roads, bridges, civil construction, and industrial infrastructure.
4. Large order book
An order book of over ₹180 crore provides strong revenue visibility.
5. Experienced promoter management
Promoters have significant experience in executing infrastructure projects.
Key Risks & Challenges
1. Infrastructure project dependency
Revenue depends heavily on government and infrastructure contracts.
2. Working capital intensive business
Construction projects require large upfront investment and capital.
3. SME IPO liquidity risk
SME stocks can have lower liquidity and higher volatility.
4. Execution risk
Project delays or cost overruns may impact profitability.
Disclaimer
This document is for educational and informational purposes only and does not constitute investment advice. Investors should read the Red Herring Prospectus (RHP) and consult a financial advisor before investing in any IPO.
