Annu Projects Limited
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Annu Projects Limited's successfully transitioned to public market status with its listing on NSE, BSE on Sep 02, 2026. The IPO mobilized 1,76,83,000 Shares in cumulative capital, including 1,76,83,000 Shares for corporate expansion.
The public offering was conducted within the price parameters of ₹94 to ₹99, with minimum investment lots of 151 shares. subscription activity between Aug 25, 2026 and Aug 28, 2026 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on Aug 31, 2026, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Founded in 2001 by Mr. Dhirajlal Kotadia, Sahajanand Medical Technologies Ltd. is a medical device company that focuses on advanced Class III and Class C/D devices used mainly in vascular and structural heart treatments. The company was the first in the world to receive CE certification for a drug-eluting stent with a biodegradable polymer called Infinnium. Its product range includes coronary stents and balloons for vascular interventions, technologies like TAVI and occluders for structural heart treatments, as well as renal stents and drug-coated balloons. The company operates R&D centres in India and Thailand and has a strong innovation base with over 100 granted patents and several pending applications. Its key products, including Supraflex Cruz, Hydra, and Cocoon, are supported by multiple clinical studies and are used in more than 76 countries. Sahajanand follows a global distribution strategy combining direct sales, hybrid models, and distributor partnerships across different markets. As of March 31, 2025, the company had over 1,400 employees along with consultants and contract staff supporting its operations.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Integrated Utility Infrastructure Capabilities: The company handles engineering, procurement and commissioning projects for underground and overhead utility infrastructure across multiple key areas.
- Integrated Project Execution: With strong project management and execution capabilities, the company can efficiently handle projects across different infrastructure segments.
- Strong Order Book: A healthy order book provides good visibility for upcoming projects and supports future revenue growth.
- Dependence on Telecom and Sewerage: More than 90% of the company’s revenue comes from telecom and sewerage projects. Any slowdown or lower demand in these sectors could negatively affect the business.
- Dependence on Government Projects: A significant portion of revenue comes from government customers through competitive bidding. Failure to win new government projects could impact revenue and financial performance.
- High Customer Concentration: Most of the company’s revenue comes from its top 10 customers. Losing a major customer or a decline in their orders could negatively affect revenue, cash flow and overall business performance.
- Sanjay Kumar Sarraf
- Krishna Ranjan
Annu Projects Limited
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