Srinibas Pradhan Constructions
March 6, 2026 – March 10, 2026
| Price | ₹91 - ₹98 |
| GMP Rumors * | ₹0 |
|---|---|
| Lot size | 1200 |
| Issue size | ₹20.32 cr |
| Allotment | Mar 11, 2026 |
| Listing | Mar 13, 2026 |
Srinibas Pradhan Constructions Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 2400 | 235200 | 406 |
| sHNI | 3 | 3600 | 352800 | 90 |
| bHNI | 9 | 10800 | 1058400 | 181 |
Srinibas Pradhan Constructions Reservation
| Category | Shares Offered | % |
|---|---|---|
| QIB | 19200 | 0.93% |
| HNI | 975600 | 47.05% |
| INDIVIDUAL | 974400 | 46.99% |
| Market Maker | 104400 | 5.03% |
| Total | 2073600 | 100% |
Srinibas Pradhan Constructions About
IPO Details
| Total Issue Size | 20,73,600 shares (aggregating up to ₹20.32 Cr) |
| Fresh Issue | 17,13,600 shares (aggregating up to ₹16.79 Cr) |
| Offer For Sale | 3,60,000 shares (aggregating up to ₹3.53 Cr) |
| Face Value | ₹10/- Per Share |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 61,47,397 shares |
| Share Holding Post Issue | 78,60,997 shares |
| Reserved for Market Maker | 1,04,400 shares (aggregating up to ₹1.02 Cr) |
| Market Maker | Rikhav Securities Ltd. |
Key Performance Indicators (KPI)
| KPI | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| RONW | 21.67% | 55.76% | 68.36% | 104.65% |
| ROCE | 29.79% | 71.01% | 84.29% | 125.21% |
| EPS (BASIC) | 6.89 | 11.33 | 64.25 | 93.13 |
| P/E Pre IPO | 9.15 | |||
| P/E Post IPO | 9.37 |
Company Financial (In ₹Crore)
| Period Ended | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 56.67 | 55.76 | 20.83 | 6.5 |
| Total Income | 45.63 | 89.73 | 35.27 | 26.35 |
| Profit After Tax | 4.11 | 6.59 | 3.55 | 1.48 |
| EBITDA | 7.64 | 13.01 | 5.58 | 2.15 |
| NET Worth | 22.01 | 15.91 | 7.72 | 2.67 |
| Reserves and Surplus | 15.87 | 11.55 | 3.57 | 2.57 |
| Total Borrowing | 17.17 | 17.25 | 1.88 | 0.06 |
Peer Comparison (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Srinibas Pradhan Constructions Limited | 9.15 | 98.00 | 10.00 |
| AVP Infracon Limited | 11.84 | 110.00 | 10.00 |
| Sonu Infratech Limited | 15.74 | 83.10 | 10.00 |
Peer Comparison (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Srinibas Pradhan Constructions Limited | 35.81 | 21.67 | 6.89 |
| AVP Infracon Limited | 63.80 | 16.29 | 9.29 |
| Sonu Infratech Limited | 69.10 | 8.34 | 5.28 |
About Company
The Company focuses on executing infrastructure projects primarily in the following areas:
- Roads & Highways: Development of rural roads, major district roads, and urban road networks using durable construction materials such as aggregates, sand, tar, and cement.
- Bridges & Steel Structures: Construction of high-level bridges along with fabrication and erection of steel structures for bridges and industrial sheds.
- Civil Construction: Comprehensive civil works including foundations, superstructures, multi-storey buildings, factories, and other industrial facilities.
SPCL secures projects through competitive bidding, primarily within the state of Odisha, serving state government departments, public sector undertakings (central and state), and private sector clients.
Its diversified project portfolio includes roads, bridges, irrigation and canal projects, civil infrastructure, and industrial development works.
Strength
Experienced Promoters & Strong Industry Reputation: Led by experienced Promoters, including Mr. Srinibas Pradhan (since 2001) and Mr. Ramakanta Pradhan, the Company benefits from deep industry knowledge and leadership in the construction and infrastructure sector.
Skilled and Experienced Workforce: A team of qualified engineers with strong technical and practical expertise ensures precise project execution and high-quality workmanship.
Robust Backward Integration: Strong sourcing capabilities for key materials such as bricks, sand, and construction supplies enhance supply chain stability, cost efficiency, and quality control.
Weakness
Subsidiary Integration Risk: The recent incorporation of its wholly owned subsidiary may lead to restructuring, workflow alignment, and operational integration challenges, requiring effective change management.
Limited Geographic Presence: Although technically capable of operating nationwide, expansion into new regions may require additional marketing efforts, partnerships, and strategic investment.
Supply Chain Disruption Risk: Natural disasters or global supply chain disruptions may delay project execution and impact timelines, affecting overall operations.
Srinibas Pradhan Constructions Lead Manager(s)
Srinibas Pradhan Constructions Address
C/O- Srinibas Pradhan, Near Chuakani Po-Lamtibaha,
Jharsuguda, Jharsuguda,
Jharsuguda, Odisha, 768216
Phone: +91 6645 251105
E-Mail: cs@srinibaspradhan.com
Website: https://www.srinibaspradhan.com/