Srinibas Pradhan Constructions Limited
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Srinibas Pradhan Constructions Limited's completed its IPO journey with a successful listing on NSE on Mar 13, 2026. The public offering mobilized 20,73,600 Shares in total capital, comprising 17,13,600 Shares in fresh equity and ₹3.53 Cr in Offer for Sale shares from existing stakeholders.
The offering was conducted within the price band of ₹91 to ₹98, with minimum application lots of 1200 shares. Investor participation during the Mar 06, 2026 to Mar 10, 2026 subscription window determined the final allocation pattern.
The basis of allotment was announced on Mar 11, 2026, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
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.
Incorporated in 2020, Srinibas Pradhan Constructions Limited (SPCL) works in the infrastructure and utilities sector and focuses on projects related to roads, highways, bridges, electricity and mining infrastructure. The company mainly develops rural, district and urban roads using quality materials like aggregates, sand, tar and cement to build durable infrastructure. It also undertakes construction of high level bridges and steel structures for bridges and industrial sheds. Along with this, SPCL provides complete civil construction services such as foundations, superstructures, multi storey buildings, factories and other industrial projects. The company takes part in competitive bidding for infrastructure projects across Odisha and serves state government departments, public sector undertakings and private corporate clients. Its project portfolio includes roads, bridges, irrigation and canal works, civil construction and industrial development, and as of 15 February 2026, the company has a consolidated order book of Rs. 18,406.95 lakhs.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Experienced Leadership & Strong Industry Presence: The company is managed by experienced promoters, including Mr. Srinibas Pradhan (since 2001) and Mr. Ramakanta Pradhan. Their deep industry experience and guidance support the company’s strong position in the construction and infrastructure sector.
- Qualified and Skilled Workforce: The company has a team of well-trained and experienced engineers with strong technical and practical knowledge, ensuring smooth project execution and high-quality results.
- Strong Backward Integration: The company has reliable sourcing for key materials such as bricks, sand, and other construction inputs. This helps maintain supply stability, control costs, and ensure consistent quality.
- Subsidiary Integration Risk: The recent setup of its wholly owned subsidiary may create challenges related to restructuring, aligning workflows, and smooth operational integration. This will require strong planning and effective change management.
- Limited Geographic Presence: Even though the company has the capability to work across India, expanding into new regions may need extra marketing efforts, partnerships, and strategic investments.
- Supply Chain Disruption Risk: Events like natural disasters or global supply chain issues can delay the availability of materials, which may affect project timelines and overall business operations.
- Mr. Ramakanta Pradhan
- Mr. Srinibas Pradhan
Srinibas Pradhan Constructions Limited
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