Srinibas Pradhan Constructions IPO will issue 20,73,600 shares at a nominal value of ₹10. The total issue size amounts to ₹20 crore. The bidding period starts from March 6, 2026. Investors can submit their bids until March 10, 2026. The scheduled date of allotment is on March 11, 2026. The share listing is on March 13, 2026 on the NSE SME platform.
The lot size in this issue is 1,200 shares, and the price range is set from ₹91 to ₹98. Individual investors will have to place a bid of ₹2,35,200 for 2 lots (2,400 shares). The sNII participants must apply for at least 3 lots (3,600 shares) amounting to an outlay of ₹3,52,800. bNII participation starts at ₹10,58,400 for 9 lots (10,800 shares).
Srinibas Pradhan Constructions IPO Details
The following table highlights the key information about the issue:
| Particulars | Details |
| Bidding Opens | Mar 6, 2026 |
| Bidding Closes | Mar 10, 2026 |
| Issue Type | Bookbuilding IPO |
| Face Value | ₹10 per share |
| Issue Price | |
| Price Band | ₹91 to ₹98 |
| IPO Lot Size | 1,200 Shares |
| Fresh Issue | 16,09,200 shares (₹16 crore) |
| Offer for Sale | 3,60,000 shares (₹4 crore) |
| Total Issue | 20,73,600 shares (₹20 crore) |
| Listing at | NSE SME |
| Minimum Investment | ₹2,35,200 |
Timeline of the Srinibas Pradhan Constructions IPO
The schedule of main IPO events is summarised below.
| Particulars | Details |
| Bidding Opens | March 6, 2026 |
| Bidding Closes | March 10, 2026 |
| Allotment Expected | March 11, 2026 |
| Initiation of Refunds | March 12, 2026 |
| Demat Credit of Shares | March 12, 2026 |
| Scheduled Listing | March 13, 2026 |
| UPI mandate cut-off | – |
Srinibas Pradhan Constructions Key Performance Indicator
Srinibas Pradhan Constructions’ KPIs are presented below:
| KPIs | FY23 | FY24 | FY25 |
| ROE (%) | 104.65 | 68.36 | 55.76 |
| ROCE (%) | 125.21 | 84.29 | 71.01 |
| Debt Equity | 0.02 | 0.24 | 1.08 |
| RoNW (%) | 104.65 | 68.36 | 55.76 |
| PAT Margin (%) | 5.62 | 10.06 | 7.34 |
| EBITDA margin (%) | 8.16 | 15.81 | 14.50 |
| Price Book Value | – | – | 3.58 |
Srinibas Pradhan Constructions Financials
An overview of Srinibas Pradhan Constructions’ important financial metrics is given below:
| Particulars (in ₹ lakh) | 2023 | 2024 | 2025 |
| Revenue | 2,635.01 | 3,527.05 | 8,972.58 |
| Total Assets | 649.63 | 2,082.79 | 5,575.72 |
| Profit | 148.17 | 354.89 | 658.62 |
Subscription Status of the Srinibas Pradhan Constructions IPO
The Srinibas Pradhan Constructions IPO’s bidding window is yet to open. Subscription updates will become available once the issue begins on March 6, 2026.
Investors can place their bids on all issue days between 10:00 a.m. and 5:00 p.m.
Srinibas Pradhan Constructions IPO GMP Today
This issue is currently trading with a Grey Market Premium (GMP) of ₹0. The premium has remained unchanged over the past three days, indicating neutral demand. At the current GMP levels, the IPO is expected to list around ₹98 with no listing gains.
| Date | GMP (₹) | Estimated Listing Price | Estimated Listing Gain | Trend |
| 05-03-2026 | ₹0 | ₹98 | 0.00% | Neutral |
| 04-03-2026 | ₹0 | ₹98 | 0.00% | Neutral |
| 03-03-2026 | ₹0 | ₹98 | 0.00% |
Note: The GMP values are based on unofficial grey market transactions and can vary with shifts in investor demand, subscription activity, and market conditions.
Srinibas Pradhan Constructions IPO Reservation
The issue reserves shares for different classes of investors in the given proportions:
| Investor Category | Reservation |
| Market Maker Shares | 1,04,400 (5.03%) |
| QIB Shares | 19,200 (0.93%) |
| NII (HNI) Shares | 9,75,600 (47.05%) |
| Retail Shares | 9,74,400 (46.99%) |
| Total Shares | 20,73,600 (100.00%) |
Srinibas Pradhan Constructions IPO Lot Size
Applications should be placed based on the specified lot size:
| Investor Type | Lots | Shares | Amount |
| Individual Investors (Minimum) | 2 | 2,400 | ₹2,35,200 |
| Individual Investors (Maximum) | 2 | 2,400 | ₹2,35,200 |
| S-HNI (Minimum) | 3 | 3,600 | ₹3,52,800 |
| S-HNI (Maximum) | 8 | 9,600 | ₹9,40,800 |
| B-HNI (Minimum) | 9 | 10,800 | ₹10,58,400 |
Details of Anchor Investors in the Srinibas Pradhan Constructions IPO
This Srinibas Pradhan Constructions IPO does not have an anchor investor segment. Therefore, details regarding allocation share, bidding timelines, and lock-in requirements do not apply.
Srinibas Pradhan Constructions IPO Prospectus
You can refer to the following documents for further insights into the IPO.:
| Draft Red Herring Prospectus (DRHP) | |
| Red Herring Prospectus (RHP) | |
| Anchor Investors | Not Applicable |
| Final Prospectus | Not Disclosed |
About Srinibas Pradhan Constructions
Srinibas Pradhan Constructions was founded in 2001 by Mr. Srinibas Pradhan, who is also the managing director. Mrs. Jyotshan Pradhan and Mr. Ramakanta Pradhan are the other promoters. The firm is engaged in the infrastructure and construction industry, carrying out projects including highways, bridges, and multi-storied buildings. It also undertakes construction projects related to factories, industrial facilities, and housing structures.
The company undertakes projects through government tenders as well as contracts from other individuals and private entities. It has an order book valued at ₹18406.95 lakh as of February 15, 2026. Srinibas Pradhan Construction competes against peers like Sonu Infratech Limited and AVP Infracon Limited.
| Lead Manager | Novus Capital Advisors |
| Issue Registrar | Maashitla Securities |
Objectives of the Srinibas Pradhan Constructions IPO
The capital generated from this offering will be directed towards the given purposes:
| S. No. | Particulars | Amount (in ₹ lakh) |
| 1. | Working Capital Needs | 1155.00 |
| 2. | Repayment of Borrowings | 100.00 |
| 3. | General Corporate Purpose | – |
Strengths of Srinibas Pradhan Constructions
The company’s standing in the industry is backed by the following strengths:
- Experienced Leadership: The company is run by Mr. Srinibas Pradhan, whose knowledge and experience guide the strategic direction and daily operations. Over the past 25 years, he has gained a strong reputation within the industry.
- Skilled Workforce: A team of skilled and qualified engineers is the company’s backbone. Their technical expertise ensures efficient project execution, quality control, and consistency.
- Strong Supply Chain: Backward integration allows easy access to raw materials such as bricks, sand, and other supplies. This reduces dependence on external vendors and helps maintain competitive pricing.
- Varied Project Mix: Its project portfolio includes infrastructure works like roads, dams, and bridges. This reflects adaptability and enables participation across different areas of the construction sector.
Risks of Srinibas Pradhan Constructions
Prior to investing in the IPO, it is important to review the risks linked to Srinibas Pradhan Constructions:
- Order Book Uncertainty: The revenue is based on the timely execution of projects in the order book. Any delays or project cancellations could negatively impact the earnings and cash flows.
- Capital-Intensity: Infrastructure projects require high working capital for raw materials, labour, and equipment. Limited fund availability or higher borrowing costs could affect the project timelines.
- Industry Competition: Large players with better financing capacity and higher expertise can put pressure on the company’s margins and also make it difficult to acquire new projects.
- Price Volatility: Fluctuations in raw material prices, labour costs, and fuel may increase project costs. Improper management can reduce profit margins.
Srinibas Pradhan Constructions IPO Review
This offering gives investors exposure to the infrastructure and construction sector. Over the years, the income has grown sustainably and the company maintains a sizable order book. The operations are supported by a strong leadership team and a group of skilled individuals. However, the flat GMP shows muted interest, and factors like capital intensity and price fluctuations remain key risks.
This IPO may suit investors comfortable with SME risks and have a long-term exposure.
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Srinibas Pradhan Constructions IPO FAQ’s
Srinibas Pradhan Constructions IPO is an SME IPO with a total issue size of ₹20 crore. It includes a fresh issue of 16,09,200 shares worth ₹16.79 crore and an OFS of 3,60,000 shares worth ₹3.53 crore.
Investors can apply through their broker’s IPO platform or via UPI-enabled apps using their Demat account. Applications must be placed in multiples of the lot size during the bidding window.
The IPO presents an opportunity to invest in a fast-growing business backed by experienced leadership, a strong supply chain, and skilled workers. However, investors should consider factors such as project execution risks, capital-intensive operations, and competitive industry conditions before investing.
The IPO is currently trading with a GMP of ₹0. Based on this trend, the shares may list close to the upper price band of ₹98, indicating zero listing gains.
The Srinibas Pradhan Constructions IPO will open for subscription on March 6, 2026, and close on March 10, 2026.
The lot size is 1,200 shares. Retail investors must apply for a minimum of 2 lots (2,400 shares), requiring an investment of ₹2,35,200 at the upper price band.
The allotment for the Srinibas Pradhan Constructions IPO is expected to be finalised on March 11, 2026.
The shares will list on the NSE SME platform on March 13, 2026.
