Srinibas Pradhan Constructions IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Mar 06 to Mar 10 2026
Price Band
₹91 - 98
Current GMP
₹100.05 (+2.09%)
Subscription
1.13 times
IPO Details
| IPO Date | 6 to 10 Mar, 2026 |
| Listing Date | Fri, Mar 13, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹91 to ₹98 |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 20,73,600 shares (agg. up to ₹ 20 Cr) |
| Reserved for Market Maker | 1,04,400 shares (agg. up to ₹ 1 Cr) Rikhav Securities Ltd. |
| Fresh Issue (Ex Market Maker) | 16,09,200 shares (agg. up to ₹ 16 Cr) |
| Offer for Sale | 3,60,000 shares of ₹ 10 (agg. up to ₹ 4 Cr) |
| Net Offered to Public | 19,69,200 shares (agg. up to ₹ 19 Cr) |
| Share Holding Pre Issue | 61,47,397 shares |
| Share Holding Post Issue | 78,60,997 shares |
| NSE Symbol | SPCON |
| ISIN | INE0TPJ01019 |
IPO Date
6 to 10 Mar, 2026
Listing Date
Fri, Mar 13, 2026
Face Value
₹ 10 per share
Price Band
₹91 to ₹98
Lot Size
1,200 Shares
Sale Type
Fresh capital cum OFS
Issue Type
Bookbuilding IPO
Listing At
NSE SME
Total Issue Size
20,73,600 shares (agg. up to ₹ 20 Cr)
Reserved for Market Maker
1,04,400 shares (agg. up to ₹ 1 Cr) Rikhav Securities Ltd.
Fresh Issue (Ex Market Maker)
16,09,200 shares (agg. up to ₹ 16 Cr)
Offer for Sale
3,60,000 shares of ₹ 10 (agg. up to ₹ 4 Cr)
Net Offered to Public
19,69,200 shares (agg. up to ₹ 19 Cr)
Share Holding Pre Issue
61,47,397 shares
Share Holding Post Issue
78,60,997 shares
NSE Symbol
SPCON
ISIN
INE0TPJ01019
IPO Subscription Details
| Market Maker | 1 |
| QIB (Ex Anchor) | 1.13 |
| NII*** | 1.57 |
| bNII (> ₹10L) | 2.22 |
| sNII (< ₹10L) | 0.27 |
| Individual Investors | 0.69 |
| Total ** | 1.13 |
Market Maker
1
QIB (Ex Anchor)
1.13
NII***
1.57
bNII (> ₹10L)
2.22
sNII (< ₹10L)
0.27
Individual Investors
0.69
Total **
1.13
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Mar 6 (Day 1) | 0.00 | 0.03 | 0.02 | 0.04 | 0.14 | 0.09 |
| Mar 9 (Day 2) | 1.13 | 1.54 | 2.22 | 0.19 | 0.47 | 1.01 |
| Mar 1 0 (Day 3) | 1.13 | 1.57 | 2.22 | 0.27 | 0.69 | 1.13 |
DayMar 6
(Day 1)
QIB (Ex Anchor)0.00
NII*0.03
NII (> ₹10L)0.02
NII (< ₹10L)0.04
Individual Investors0.14
Total0.09
DayMar 9
(Day 2)
QIB (Ex Anchor)1.13
NII*1.54
NII (> ₹10L)2.22
NII (< ₹10L)0.19
Individual Investors0.47
Total1.01
DayMar 1
0 (Day 3)
QIB (Ex Anchor)1.13
NII*1.57
NII (> ₹10L)2.22
NII (< ₹10L)0.27
Individual Investors0.69
Total1.13
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 13-03-2026 | 98.00 | 0(0.00%) | 98 |
| 12-03-2026 | 98.00 | 0(0.00%) | 98 |
| 11-03-2026 | 98.00 | 0(0.00%) | 98 |
| 10-03-2026 | 98.00 | 0(0.00%) | 98 |
| 09-03-2026 | 98.00 | 0(0.00%) | 98 |
| 08-03-2026 | 98.00 | 0(0.00%) | 98 |
| 07-03-2026 | 98.00 | 0(0.00%) | 98 |
| 06-03-2026 | 98.00 | 0(0.00%) | 98 |
| 05-03-2026 | 98.00 | 0(0.00%) | 98 |
| 04-03-2026 | 98.00 | 0(0.00%) | 98 |
| 03-03-2026 | 98.00 | 0(0.00%) | 98 |
| 02-03-2026 | 98.00 | 0(0.00%) | 98 |
| 01-03-2026 | 98.00 | 0(0.00%) | 98 |
| 28-02-2026 | 98.00 | 0(0.00%) | 98 |
Date13-03-2026
Price98.00
GMP0(0.00%)
Estimate List Price98
Date12-03-2026
Price98.00
GMP0(0.00%)
Estimate List Price98
Date11-03-2026
Price98.00
GMP0(0.00%)
Estimate List Price98
Date10-03-2026
Price98.00
GMP0(0.00%)
Estimate List Price98
Date09-03-2026
Price98.00
GMP0(0.00%)
Estimate List Price98
Date08-03-2026
Price98.00
GMP0(0.00%)
Estimate List Price98
Date07-03-2026
Price98.00
GMP0(0.00%)
Estimate List Price98
Date06-03-2026
Price98.00
GMP0(0.00%)
Estimate List Price98
Date05-03-2026
Price98.00
GMP0(0.00%)
Estimate List Price98
Date04-03-2026
Price98.00
GMP0(0.00%)
Estimate List Price98
Date03-03-2026
Price98.00
GMP0(0.00%)
Estimate List Price98
Date02-03-2026
Price98.00
GMP0(0.00%)
Estimate List Price98
Date01-03-2026
Price98.00
GMP0(0.00%)
Estimate List Price98
Date28-02-2026
Price98.00
GMP0(0.00%)
Estimate List Price98
IPO Important Dates
| IPO Open | Fri, Mar 6, 2026 |
| IPO Close | Tue, Mar 10, 2026 |
| Allotment | Wed, Mar 11, 2026 |
| Refund | Thu, Mar 12, 2026 |
| Credit of Shares | Thu, Mar 12, 2026 |
| Listing | Fri, Mar 13, 2026 |
IPO Open
Fri, Mar 6, 2026
IPO Close
Tue, Mar 10, 2026
Allotment
Wed, Mar 11, 2026
Refund
Thu, Mar 12, 2026
Credit of Shares
Thu, Mar 12, 2026
Listing
Fri, Mar 13, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,35,200 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,35,200 |
| S-HNI (Min) | 3 | 3,600 | ₹3,52,800 |
| S-HNI (Max) | 8 | 9,600 | ₹9,40,800 |
| B-HNI (Min) | 9 | 10,800 | ₹10,58,400 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares2,400
Amount₹2,35,200
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares2,400
Amount₹2,35,200
ApplicationS-HNI (Min)
Lots3
Shares3,600
Amount₹3,52,800
ApplicationS-HNI (Max)
Lots8
Shares9,600
Amount₹9,40,800
ApplicationB-HNI (Min)
Lots9
Shares10,800
Amount₹10,58,400
Key Performance Indicator
| ROE | 21.67% |
| ROCE | 29.79% |
| Debt/Equity | 0.78 |
| RoNW | 21.67% |
| PAT Margin | 9.01% |
| EBITDA Margin | 16.76% |
| Price to Book Value |
ROE
21.67%
ROCE
29.79%
Debt/Equity
0.78
RoNW
21.67%
PAT Margin
9.01%
EBITDA Margin
16.76%
Price to Book Value
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| Srinibas Pradhan Constructions Ltd. | 6.89 | 6.89 | 35.81 | 21.67 | ||
| AVP Infracon Ltd. | 9.29 | 9.29 | 63.80 | 11.84 | 16.29 | 1.75 |
| Sonu Infratech Ltd. | 5.28 | 5.28 | 69.10 | 15.74 | 8.34 | 1.20 |
Company NameSrinibas Pradhan Constructions Ltd.
EPS (Basic)6.89
EPS (Diluted)6.89
NAV (₹ per share)35.81
P/E (x)
RoNW (%)21.67
P/BV Ratio
Company NameAVP Infracon Ltd.
EPS (Basic)9.29
EPS (Diluted)9.29
NAV (₹ per share)63.80
P/E (x)11.84
RoNW (%)16.29
P/BV Ratio1.75
Company NameSonu Infratech Ltd.
EPS (Basic)5.28
EPS (Diluted)5.28
NAV (₹ per share)69.10
P/E (x)15.74
RoNW (%)8.34
P/BV Ratio1.20
IPO Reservation
| Market Maker Shares Offered | 1,04,400 (5.03%) |
| QIB Shares Offered | 19,200 (0.93%) |
| NII (HNI) Shares Offered | 9,75,600 (47.05%) |
| − bNII > ₹10L | 6,50,400 (31.37%) |
| − sNII < ₹10L | 3,25,200 (15.68%) |
| Retail Shares Offered | 9,74,400 (46.99%) |
| Total Shares Offered | 20,73,600 (100.00%) |
Market Maker Shares Offered
1,04,400 (5.03%)
QIB Shares Offered
19,200 (0.93%)
NII (HNI) Shares Offered
9,75,600 (47.05%)
− bNII > ₹10L
6,50,400 (31.37%)
− sNII < ₹10L
3,25,200 (15.68%)
Retail Shares Offered
9,74,400 (46.99%)
Total Shares Offered
20,73,600 (100.00%)
Information about company
Incorporated in 2020, Srinibas Pradhan Constructions Limited (SPCL) operates in the infrastructure and utilities sector, specializing in the execution of projects related to roads, highways, bridges, electricity infrastructure, and mining infrastructure.
Core Business Activities
SPCL is actively engaged in infrastructure development across a range of sectors, with a primary focus on:
SPCL participates in competitive bidding processes for infrastructure projects across the state of Odisha, catering to state government departments, central and state public sector undertakings, as well as private corporate clients.
The company's project portfolio covers roads, bridges, irrigation and canal works, civil construction, and industrial development.
As on Feb 15, 2026, the company has reported consolidated Order Book of Rs. 18,406.95 lakhs.
Competitive strengths:
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding the working capital requirements of the Company. 11.55 2 Repayment of portion of loan availed by our Company 1.00 3 General Corporate Purpose. 2.21 Total 14.76
Disclaimer
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