LCC Projects Limited
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LCC Projects Limited's is preparing to launch its Initial Public Offering (IPO) with a substantial issue size of TBD. The offering comprises a fresh issue component of TBD.
The price band for the IPO has been set at TBD, providing investors with a range to place their bids. The minimum investment lot consists of TBD, making it accessible to both retail and institutional investors.
The subscription window for this public offering opens on TBD and will conclude on TBD. Following the subscription period, the share allotment is scheduled for TBD, with the official listing expected to commence on TBD on the NSE, BSE exchange.
Incorporated in 2017, LCC Projects Limited provides engineering, procurement, and construction (EPC) services primarily in the irrigation and water supply segment, executing projects such as dams, barrages, weirs, hydraulic structures, canals, pipe distribution networks, lift irrigation works, water supply schemes, and other related EPC works. As of September 30, 2024, the company’s order book comprised 68 projects, with the Sondwa Lift Micro Irrigation Project, Sidhi Bansagar Multi-Village Scheme, and Gandhi Sagar-1 Multi-Village Scheme being the top three projects. Historically, LCC Projects has executed notable works including the Tawa Left Bank Canal, Parbati Dam Project, Dudhai Sub-Branch Canal Project, and the Akot Lift Irrigation Scheme, and expanded its geographic presence from eight states in FY22 to 11 states by September 30, 2024, covering Gujarat, Madhya Pradesh, Odisha, Rajasthan, Maharashtra, Uttar Pradesh, Karnataka, Jharkhand, Chhattisgarh, Himachal Pradesh, and Haryana, with a workforce of 1,788 permanent employees as of the six months ended September 30, 2024.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium is based on market buzz and online information. It should not be considered as the actual listing price or valuation. Always refer to the RHP and seek advice from a financial expert before making any investment decisions.
- Specialised EPC Expertise: LCC Projects focuses on irrigation, water supply, and hydraulic infrastructure, giving it strong technical depth in a niche segment.
- Healthy Order Pipeline: The company has multiple ongoing projects, providing revenue visibility for the coming years.
- Execution Track Record: Proven ability to deliver complex civil works such as dams, canals, pipelines, and lift irrigation systems.
- Geographical Presence: Executes projects across several states, reducing dependence on a single region.
- Asset Ownership: Owns construction equipment and machinery, helping control costs and timelines.
- Experienced Management: Promoters and key team members have long experience in infrastructure project execution.
- Government Dependency: A large part of revenue comes from government and public sector projects.
- Working Capital Intensive: EPC projects require high upfront spending before milestone payments are received.
- Bid-Based Growth Model: Future growth depends on winning competitive tenders, which can pressure margins.
- Project Delay Risk: Delays due to approvals, land issues, or weather conditions can affect profitability.
- Client Concentration: Revenue can be impacted if major clients delay or reduce project awards.
- Cost Overrun Exposure: Fluctuations in material and labour costs may impact margins if not fully recoverable.
- Arjan Suja Rabari
- Laljibhai Arjanbhai Ahir
- Maya Arjan Rabari
LCC Projects Limited
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