Srinibas Pradhan Constructions Limited IPO
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Subscription for Srinibas Pradhan Constructions Limited's Initial Public Offering is currently underway, targeting total proceeds of 20,73,600 Shares. The offering composition includes 17,13,600 Shares in new capital infusion and ₹3.53 Cr in existing shareholder sales.
The active price band of ₹91 to ₹98 and minimum lot requirement of 1200 shares define the current investment parameters. Market participants are actively evaluating this opportunity during the subscription window.
The application deadline is fast approaching on 10-03-2026. Following Subscription closure, allotment will be processed on 11-03-2026, leading to the anticipated listing on 13-03-2026 at the NSE exchange platform.
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.
Srinibas Pradhan IPO About Company
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."
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.
Srinibas Pradhan IPO Strength Factors
- 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.
Srinibas Pradhan IPO Risk Factors
- 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.
Srinibas Pradhan IPO Lead Manager(s)
- Novus Capital Advisors Private Limited
Srinibas Pradhan IPO Promoter(s)
- Mr. Ramakanta Pradhan
- Mr. Srinibas Pradhan
Srinibas Pradhan IPO FAQs
Srinibas Pradhan Constructions Limited IPO subscribed 1.19 times. The public issue subscribed 0.69 times in the retail category,1.13 times in QIB, and 2.38 times in the HNI (10+) category byMarch 11, 2026 1:55:00 PM (Day 11).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Srinibas Pradhan IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Srinibas Pradhan IPO FAQs
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Srinibas Pradhan Constructions Limited was listed on the stock exchange on 2026-03-13. The IPO was subscribed 1.19x. The last GMP for Srinibas Pradhan Constructions Limited IPO was ₹0, updated on March 11, 2026 1:55:00 PM (Day 11). As per the last GMP, the expected profit/loss for the IPO was ₹0.
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