Srinibas Pradhan Constructions IPO

Srinibas Pradhan Constructions (SPCL) is an infrastructure developer specializing in roads, highways, and bridges, entering the NSE SME market with a Rs. 20.32 crore IPO, priced at Rs. 91-98 per share, from March 6-10, 2026, targeting a March 13 listing. While the company has shown steady revenue and profit growth, the offer documents lack crucial information, creating significant doubt. The valuation appears aggressively high, especially considering its operations in a fragmented, competitive sector. investors to "skip this pricey and dicey offer," a sentiment I fully endorse given the red flags.