LCC Projects IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Live
Dates
Sep 09 to Sep 11 2026
Price Band
₹139 - 146
Current GMP
₹40 (27.40%)
Subscription
1.35 times
IPO Details
| IPO Date | 9 to 11 Sep, 2026 |
| Listing Date | Thu, Sep 17, 2026 |
| Face Value | ₹ 5 per share |
| Price Band | ₹139 to ₹146 |
| Lot Size | 102 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,92,56,232 shares (agg. up to ₹ 427 Cr) |
| Fresh Issue | 1,76,71,232 shares (agg. up to ₹ 258 Cr) |
| Offer for Sale | 1,15,85,000 shares of ₹ 5 (agg. up to ₹ 169 Cr) |
| Share Holding Pre Issue | 27,20,00,000 shares |
| Share Holding Post Issue | 28,96,71,232 shares |
IPO Date
9 to 11 Sep, 2026
Listing Date
Thu, Sep 17, 2026
Face Value
₹ 5 per share
Price Band
₹139 to ₹146
Lot Size
102 Shares
Sale Type
Fresh capital cum OFS
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Total Issue Size
2,92,56,232 shares (agg. up to ₹ 427 Cr)
Fresh Issue
1,76,71,232 shares (agg. up to ₹ 258 Cr)
Offer for Sale
1,15,85,000 shares of ₹ 5 (agg. up to ₹ 169 Cr)
Share Holding Pre Issue
27,20,00,000 shares
Share Holding Post Issue
28,96,71,232 shares
IPO Subscription Details
| Anchor | 1 |
| QIB (Ex Anchor) | 1.14 |
| NII | 1.77 |
| bNII (> ₹10L) | 2.06 |
| sNII (< ₹10L) | 1.21 |
| Retail | 1.30 |
| Total ** | 1.35 |
Anchor
1
QIB (Ex Anchor)
1.14
NII
1.77
bNII (> ₹10L)
2.06
sNII (< ₹10L)
1.21
Retail
1.30
Total **
1.35
Day Wise Sub
| Day | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Sep 9 (Day 1) | 1.14 | 1.77 | 2.06 | 1.21 | 1.30 | 1.35 |
DaySep 9
(Day 1)
QIB (Ex Anchor)1.14
NII1.77
NII (> ₹10L)2.06
NII (< ₹10L)1.21
Retail1.30
Total1.35
Day Wise GMP
| GMP Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 09-09-2026 | 146 | 40 (27.40%) | 186 |
| 08-09-2026 | 146 | 34 (23.29%) | 180 |
| 07-09-2026 | 146 | 25.5 (17.47%) | 171.5 |
| 06-09-2026 | 146 | 25 (17.12%) | 171 |
| 05-09-2026 | 146 | 25 (17.12%) | 171 |
| 04-09-2026 | 146 | 17 (11.64%) | 163 |
GMP Date09-09-2026
IPO Price146
GMP40 (27.40%)
Est. Listing Price186
GMP Date08-09-2026
IPO Price146
GMP34 (23.29%)
Est. Listing Price180
GMP Date07-09-2026
IPO Price146
GMP25.5 (17.47%)
Est. Listing Price171.5
GMP Date06-09-2026
IPO Price146
GMP25 (17.12%)
Est. Listing Price171
GMP Date05-09-2026
IPO Price146
GMP25 (17.12%)
Est. Listing Price171
GMP Date04-09-2026
IPO Price146
GMP17 (11.64%)
Est. Listing Price163
IPO Important Dates
| IPO Open | Wed, Sep 9, 2026 |
| IPO Close | Fri, Sep 11, 2026 |
| Allotment | Tue, Sep 15, 2026 |
| Refund | Wed, Sep 16, 2026 |
| Credit of Shares | Wed, Sep 16, 2026 |
| Listing | Thu, Sep 17, 2026 |
IPO Open
Wed, Sep 9, 2026
IPO Close
Fri, Sep 11, 2026
Allotment
Tue, Sep 15, 2026
Refund
Wed, Sep 16, 2026
Credit of Shares
Wed, Sep 16, 2026
Listing
Thu, Sep 17, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 102 | ₹14,892 |
| Retail (Max) | 13 | 1326 | ₹1,93,596 |
| S-HNI (Min) | 14 | 1428 | ₹2,08,488 |
| S-HNI (Max) | 67 | 6834 | ₹9,97,764 |
| B-HNI (Min) | 68 | 6936 | ₹10,12,656 |
ApplicationRetail (Min)
Lots1
Shares102
Amount₹14,892
ApplicationRetail (Max)
Lots13
Shares1326
Amount₹1,93,596
ApplicationS-HNI (Min)
Lots14
Shares1428
Amount₹2,08,488
ApplicationS-HNI (Max)
Lots67
Shares6834
Amount₹9,97,764
ApplicationB-HNI (Min)
Lots68
Shares6936
Amount₹10,12,656
Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 2,447.54 | 1,727.46 | 1,129.99 |
| Total Income | 3,639.45 | 2,941.01 | 2,449.79 |
| Profit After Tax | 286.44 | 223.63 | 122.00 |
| EBITDA | 519.90 | 401.04 | 241.37 |
| NET Worth | 888.41 | 604.99 | 382.83 |
| Reserves and Surplus | 752.41 | 468.99 | 348.83 |
| Total Borrowing | 860.65 | 649.55 | 422.30 |
Period EndedAssets
31 Mar 20262,447.54
31 Mar 20251,727.46
31 Mar 20241,129.99
Period EndedTotal Income
31 Mar 20263,639.45
31 Mar 20252,941.01
31 Mar 20242,449.79
Period EndedProfit After Tax
31 Mar 2026286.44
31 Mar 2025223.63
31 Mar 2024122.00
Period EndedEBITDA
31 Mar 2026519.90
31 Mar 2025401.04
31 Mar 2024241.37
Period EndedNET Worth
31 Mar 2026888.41
31 Mar 2025604.99
31 Mar 2024382.83
Period EndedReserves and Surplus
31 Mar 2026752.41
31 Mar 2025468.99
31 Mar 2024348.83
Period EndedTotal Borrowing
31 Mar 2026860.65
31 Mar 2025649.55
31 Mar 2024422.30
Key Performance Indicator
| ROE | 32.24% |
| ROCE | 27.13% |
| Debt/Equity | 0.97 |
| RoNW | 32.24% |
| PAT Margin | 7.96% |
| EBITDA Margin | 14.44% |
| NAV | 32.66 |
| Price to Book Value | 4.47 |
ROE
32.24%
ROCE
27.13%
Debt/Equity
0.97
RoNW
32.24%
PAT Margin
7.96%
EBITDA Margin
14.44%
NAV
32.66
Price to Book Value
4.47
IPO Reservation
| QIB | 1,46,28,116 |
| − Anchor Investor | 87,76,869 |
| − QIB (Ex. Anchor) | 58,51,247 |
| NII (HNI) | 43,88,435 |
| − bNII > ₹10L | 29,25,623 |
| − sNII < ₹10L | 14,62,812 |
| Retail | 1,02,39,681 |
| Total | 2,92,56,232 |
QIB
1,46,28,116
− Anchor Investor
87,76,869
− QIB (Ex. Anchor)
58,51,247
NII (HNI)
43,88,435
− bNII > ₹10L
29,25,623
− sNII < ₹10L
14,62,812
Retail
1,02,39,681
Total
2,92,56,232
Information about company
Incorporated in 2017, LCC Projects Limited offers engineering, procurement and construction (“EPC”) services in the irrigation and water supply projects segment. The company has executed projects in the irrigation and water supply segment, such as the construction of dams, barrages, weirs, hydraulic structures, canals, pipe distribution networks, lift irrigation works, water supply schemes, and other EPC projects.
As of March 31, 2026, the company's Order Book comprises 103 projects, of which Sondwa Lift Micro Irrigation Project, Sidhi Bansagar Multi – Village Scheme, and Gandhi Sagar 1 Multi-Village Scheme are the top three projects.
In the past, LCC have also executed notable projects, such as the construction of Tawa Left Bank Canthe al, Parbati Dam Projthe ect, Dudhai Sub Branch Canal Projectthe and AKOT Lift Irrigation Scheme.
The company expanded its operations from eight states in Fiscal 2026 to 12 states by March 31, 2026, namely, Gujarat, Madhya Pradesh, Odisha, Rajasthan, Maharashtra, Uttar Pradesh, Karnataka, Jharkhand, Chhattisgarh, Andhra Pradesh, Himachal Pradesh, and Haryana.
As of March 31, 2026, the company had 2,093 permanent employees.
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
#: Issue Objects
1: Purchase of equipment
2: Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by Company
3: General corporate purposes
: Total
Disclaimer
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