Srinibas Pradhan Constructions IPO was launched through the Book Built SME route by Srinibas Pradhan Constructions Limited. The public issue comprised a fresh issue of equity shares along with an offer for sale by existing shareholders. Through the IPO, the company aimed to raise funds for working capital requirements, capital expenditure towards the purchase of construction equipment and machinery, repayment or prepayment of certain borrowings, and general corporate purposes. Following the successful completion of the public issue process, the company’s equity shares were listed on the NSE EMERGE platform.
Srinibas Pradhan Constructions Limited operates in the infrastructure and civil construction sector, primarily undertaking government construction contracts across Odisha. The company executes a wide range of engineering and construction projects, including roads, bridges, irrigation infrastructure, buildings, and other public infrastructure works. Over the years, it has established a strong presence by participating in projects awarded by various government departments and public sector authorities.
The company’s operations cover the complete project execution cycle, including project planning, engineering, procurement of construction materials, deployment of machinery and equipment, on-site execution, quality control, and timely completion of contracts. Its in-house fleet of construction equipment, experienced engineering team, and established project management capabilities support efficient execution of infrastructure projects.
India’s infrastructure sector continues to benefit from increasing public expenditure on roads, highways, irrigation systems, urban infrastructure, and rural development projects. Government initiatives focusing on transportation networks, water resource management, and public infrastructure development continue to generate long-term opportunities for civil construction companies with proven execution capabilities.
Since the IPO has already been completed and the shares are listed, investors should carefully evaluate the company’s order book, financial performance, execution capability, profitability, competitive position, project diversification, and long-term growth prospects before making an investment decision.
Srinibas Pradhan Constructions IPO Details
| IPO Details | Information |
|---|---|
| IPO Name | Srinibas Pradhan Constructions IPO |
| Company Name | Srinibas Pradhan Constructions Limited |
| IPO Type | Book Built Issue |
| IPO Category | SME IPO |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹91 to ₹98 Per Share |
| Issue Size | ₹20.32 Crore |
| Fresh Issue | 17,13,600 Equity Shares |
| Offer for Sale | 3,60,000 Equity Shares |
| Total Shares Offered | 20,73,600 Equity Shares |
| IPO Open Date | 6 March 2026 |
| IPO Close Date | 10 March 2026 |
| Basis of Allotment | 11 March 2026 |
| Refund Initiation | 12 March 2026 |
| Shares Credited to Demat Account | 12 March 2026 |
| Listing Date | 13 March 2026 |
| Listing Exchange | NSE EMERGE |
| Registrar | Maashitla Securities Private Limited |
| Book Running Lead Manager | Novus Capital Advisors Private Limited |
The IPO comprised both a fresh issue and an offer for sale. The proceeds from the fresh issue were proposed to be utilised for funding capital expenditure towards construction equipment, meeting working capital requirements, repayment or prepayment of certain borrowings, and general corporate purposes.
Srinibas Pradhan Constructions IPO Dates
| IPO Event | Date |
|---|---|
| IPO Opening Date | 6 March 2026 |
| IPO Closing Date | 10 March 2026 |
| Basis of Allotment | 11 March 2026 |
| Refund Initiation | 12 March 2026 |
| Shares Credited to Demat Account | 12 March 2026 |
| Listing Date | 13 March 2026 |
Following completion of the allotment process, successful applicants received their allotted equity shares in their demat accounts before trading commenced on the NSE EMERGE platform.
Srinibas Pradhan Constructions IPO Reservation
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not More Than 50% |
| Non-Institutional Investors (NII) | Not Less Than 15% |
| Retail Individual Investors (RII) | Not Less Than 35% |
The final allocation under each investor category depended on the number of valid applications received during the subscription period.
Srinibas Pradhan Constructions IPO Lot Size
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | 1 Lot (1,200 Shares) | ₹1,17,600 |
| Retail Maximum | 2 Lots (2,400 Shares) | ₹2,35,200 |
| HNI Minimum | 3 Lots (3,600 Shares) | ₹3,52,800 |
About Srinibas Pradhan Constructions Limited
Srinibas Pradhan Constructions Limited is an infrastructure construction company engaged in executing engineering, procurement, and construction (EPC) projects for various government departments and public sector organisations. The company primarily undertakes civil construction works across Odisha and has built its presence by delivering infrastructure projects in accordance with contractual specifications and prescribed timelines.
The company undertakes a wide range of public infrastructure projects, including the construction of roads, bridges, flyovers, irrigation systems, canals, buildings, water supply infrastructure, and other civil engineering works. Its operations are supported by experienced engineers, project managers, technical personnel, and an owned fleet of construction equipment that enables efficient project execution.
Srinibas Pradhan Constructions follows an integrated project execution model covering planning, engineering, procurement of materials, deployment of machinery, on-site construction, quality control, testing, commissioning, and maintenance wherever required. The company focuses on maintaining construction quality, timely completion of projects, compliance with government standards, and efficient utilisation of resources.
With experience in executing infrastructure projects funded by government agencies, the company has developed expertise in handling projects of varying size and complexity. Its long-standing relationships with government authorities and continued participation in public infrastructure development support its business growth and order book expansion.
Business Operations
Srinibas Pradhan Constructions Limited executes a diversified portfolio of civil construction and infrastructure development projects.
- Road Construction – The company undertakes the construction, strengthening, widening, rehabilitation, and improvement of roads and highways awarded by various government authorities.
- Bridge Construction – It executes bridge, culvert, and flyover projects that improve transportation connectivity and public infrastructure.
- Irrigation Projects – The company constructs canals, barrages, water distribution systems, drainage networks, and irrigation infrastructure to support agricultural and water resource development.
- Building Construction – It develops government buildings, educational institutions, healthcare facilities, office buildings, and other public infrastructure.
- Water Supply Infrastructure – The company undertakes projects involving pipelines, reservoirs, overhead tanks, pumping stations, and related water supply systems.
- Earthwork and Civil Engineering – Its scope of work includes excavation, land development, embankment construction, grading, foundation work, and other civil engineering activities required for infrastructure projects.
- Engineering Procurement and Construction (EPC) – The company manages complete EPC contracts, including engineering, procurement of construction materials, project execution, quality monitoring, and final delivery.
- Project Management – Dedicated project teams supervise planning, scheduling, cost control, quality assurance, safety compliance, and timely completion of projects.
- Construction Equipment Operations – An owned fleet of heavy construction machinery and equipment supports efficient execution across multiple project sites.
- Maintenance and Defect Liability Services – The company also undertakes maintenance and defect rectification obligations as specified under project contracts.
Industry Overview
India’s infrastructure sector continues to play a significant role in the country’s economic development. Increased public expenditure on highways, roads, bridges, irrigation systems, urban infrastructure, railway connectivity, housing, and water resource projects has created sustained demand for infrastructure construction companies.
Government initiatives focusing on transportation infrastructure, smart cities, rural connectivity, industrial corridors, and water conservation continue to generate opportunities for EPC contractors. Large investments through central and state government programmes have increased the pipeline of public infrastructure projects across the country.
The construction industry is also benefiting from increased capital allocation towards logistics infrastructure, renewable energy projects, industrial development, and public utilities. As infrastructure spending continues to rise, experienced construction companies with strong execution capabilities, technical expertise, and established relationships with government authorities are expected to benefit from long-term growth opportunities.
Business Strategy
Srinibas Pradhan Constructions Limited aims to strengthen its position in the infrastructure construction sector by expanding its execution capabilities, increasing participation in government infrastructure projects, and enhancing operational efficiency.
The company focuses on strengthening its order book through participation in larger EPC contracts, investing in modern construction equipment, improving project execution capabilities, and maintaining high quality standards. It also aims to optimise resource utilisation, enhance project management systems, and improve operational productivity.
The company intends to continue expanding its presence across infrastructure segments while maintaining financial discipline and timely project delivery. By leveraging its engineering expertise, experienced management team, technical workforce, and execution capabilities, Srinibas Pradhan Constructions seeks to achieve sustainable long-term growth while supporting India’s infrastructure development.
Srinibas Pradhan Constructions IPO Financial Information
A company’s financial performance provides valuable insights into its revenue growth, profitability, operational efficiency, and financial stability. Reviewing financial statements over multiple years helps investors understand how the business has expanded and how effectively it has generated earnings from its operations.
Srinibas Pradhan Constructions Financial Summary
| Particulars | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue from Operations | ₹188.82 Crore | ₹236.47 Crore | ₹288.63 Crore |
| Total Income | ₹190.11 Crore | ₹238.06 Crore | ₹290.25 Crore |
| EBITDA | ₹20.84 Crore | ₹27.53 Crore | ₹35.42 Crore |
| Profit Before Tax (PBT) | ₹14.62 Crore | ₹19.35 Crore | ₹25.94 Crore |
| Profit After Tax (PAT) | ₹10.91 Crore | ₹14.47 Crore | ₹19.38 Crore |
| Net Worth | ₹42.56 Crore | ₹57.14 Crore | ₹76.52 Crore |
| Total Borrowings | ₹48.73 Crore | ₹45.66 Crore | ₹39.84 Crore |
The company has reported consistent growth in revenue and profitability over the last three financial years. Revenue growth has been supported by timely execution of infrastructure projects and an expanding project portfolio. Profitability has improved due to efficient project management, better utilisation of resources, and disciplined cost control. The increase in net worth reflects improved earnings retention, while borrowings have remained at manageable levels. Investors should analyse these financial results together with the company’s order book, project execution capability, and future growth opportunities before making an investment decision.
Srinibas Pradhan Constructions IPO Key Performance Indicators (KPIs)
Key Performance Indicators help investors evaluate the company’s profitability, capital efficiency, financial strength, and overall operating performance. These financial ratios provide additional insights into how effectively the company utilises its resources to generate returns.
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 25.33% |
| Return on Capital Employed (ROCE) | 23.86% |
| Return on Net Worth (RONW) | 25.32% |
| EBITDA Margin | 12.20% |
| PAT Margin | 6.68% |
| Debt-to-Equity Ratio | 0.52 |
| Earnings Per Share (EPS) | ₹9.87 |
| Net Asset Value (NAV) Per Share | ₹39.03 |
| Price to Earnings (P/E) | 9.93x |
The financial indicators reflect healthy profitability and improving capital efficiency. The company has maintained positive operating margins while reporting consistent earnings growth. Return ratios indicate efficient utilisation of shareholders’ funds, while the debt-to-equity ratio reflects a balanced capital structure. Investors should consider these financial metrics together with project execution capability, competitive position, and long-term infrastructure opportunities before making an investment decision.
Objects of the Srinibas Pradhan Constructions IPO
The company proposed to utilise the net proceeds from the fresh issue for the following purposes:
- Funding capital expenditure towards the purchase of additional construction equipment and machinery.
- Meeting incremental working capital requirements.
- Repayment or prepayment of certain outstanding borrowings.
- General corporate purposes.
The proposed utilisation of the IPO proceeds is expected to strengthen the company’s equipment base, improve execution capabilities, support larger infrastructure projects, enhance working capital availability, and provide greater financial flexibility for future business expansion.
Srinibas Pradhan Constructions IPO Listing Performance
The listing performance indicates how the company’s shares performed when trading commenced on the stock exchange after the IPO process was completed. While listing gains reflect initial market sentiment, long-term returns depend on the company’s financial performance, project execution capability, order book, and future business growth.
| Particular | Value |
|---|---|
| Listing Exchange | NSE SME |
| Listing Date | 13 March 2026 |
| Issue Price | ₹98 Per Share |
| Listing Price | ₹100.05 Per Share |
| Listing Gain | ₹2.05 Per Share |
| Listing Gain (%) | 2.09% |
Srinibas Pradhan Constructions Limited made a modest positive debut on the NSE EMERGE platform by listing at ₹100.05 per share against the issue price of ₹98 per share, delivering a listing gain of approximately 2.09%. Although the listing premium was limited, investors should evaluate the company’s long-term financial performance, project pipeline, and execution capabilities before making investment decisions.
Srinibas Pradhan Constructions IPO Subscription Status
The subscription figures indicate the level of investor demand received during the IPO bidding period. While strong subscription generally reflects investor interest, investors should also consider the company’s valuation, financial performance, order book, and long-term business outlook before making investment decisions.
Srinibas Pradhan Constructions IPO Subscription
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | 1.13 Times |
| Non-Institutional Investors (NII) | 1.68 Times |
| Retail Individual Investors (RII) | 0.69 Times |
| Total Subscription | 1.19 Times |
The IPO received an overall subscription of 1.19 times. The Non-Institutional Investor (NII) category recorded the highest participation, while the Qualified Institutional Buyer (QIB) portion was fully subscribed. Retail investor participation remained comparatively lower during the subscription period.
Srinibas Pradhan Constructions IPO Review
Srinibas Pradhan Constructions Limited operates in the infrastructure construction sector with a focus on executing engineering, procurement, and construction (EPC) projects for government departments and public sector organisations. The company undertakes a diversified portfolio of civil construction projects, including roads, bridges, irrigation infrastructure, buildings, and other public infrastructure works.
Its business model covers the complete project execution cycle, including engineering, procurement, project management, construction, quality assurance, and timely completion of contracts. The company also owns construction equipment that supports efficient project execution across multiple sites.
The company has established its presence by executing government-funded infrastructure projects, while increasing investment in machinery and improving execution capabilities. Continuous government expenditure on transportation, irrigation, urban development, and public infrastructure is expected to create long-term opportunities for experienced EPC contractors.
However, investors should also consider factors such as dependence on government contracts, competitive bidding, project execution risks, fluctuations in raw material prices, working capital requirements, and delays in project payments before making an investment decision.
Overall, Srinibas Pradhan Constructions Limited operates in a sector supported by increasing infrastructure spending in India. Investors should carefully evaluate the company’s financial performance, order book, project execution capability, valuation, and long-term growth prospects before investing.
Srinibas Pradhan Constructions IPO Strengths
Srinibas Pradhan Constructions Limited has built its business through experience in executing infrastructure projects and maintaining long-term relationships with government authorities.
- Experienced EPC Contractor – The company has experience in executing roads, bridges, irrigation, buildings, and other civil infrastructure projects for government agencies.
- Diversified Infrastructure Portfolio – Its operations span multiple infrastructure segments, reducing dependence on a single type of project.
- Strong Project Execution Capabilities – The company follows an integrated execution model supported by engineering expertise, project management systems, and construction equipment.
- Government Sector Experience – A significant portion of projects is executed for government departments and public sector entities, providing opportunities for repeat business.
- Owned Construction Equipment – Ownership of heavy machinery helps improve operational efficiency, project execution, and cost control.
- Infrastructure Growth Opportunity – Continued investment by central and state governments in infrastructure development provides long-term business opportunities for the company.
Srinibas Pradhan Constructions IPO Risk Factors
Every infrastructure construction company is exposed to operational, financial, and industry-related risks. Investors should carefully consider the following factors before making an investment decision.
- Dependence on Government Contracts – A significant portion of revenue is generated from government projects. Any reduction in public infrastructure spending or delays in awarding contracts may affect business performance.
- Project Execution Risk – Delays caused by weather conditions, land acquisition issues, regulatory approvals, labour availability, or supply chain disruptions may impact project completion schedules.
- Working Capital Intensive Business – Infrastructure projects require substantial working capital, and delays in receiving payments from clients may affect cash flows.
- Raw Material Price Volatility – Fluctuations in the prices of cement, steel, bitumen, fuel, and other construction materials may impact project profitability.
- Competitive Bidding Environment – The company operates in a competitive industry where project awards are generally based on tender processes, creating pricing pressure.
- Regulatory and Compliance Risk – Infrastructure projects are subject to various statutory approvals, environmental regulations, and contractual obligations that may affect project execution if compliance requirements change.
Srinibas Pradhan Constructions IPO Promoters
Srinibas Pradhan Constructions Limited is promoted by experienced professionals who have played a significant role in establishing and expanding the company’s infrastructure construction business. The promoters have contributed to the company’s growth by strengthening its execution capabilities, increasing its project portfolio, investing in construction equipment, and maintaining long-term relationships with government departments and public sector clients.
Srinibas Pradhan Constructions IPO Promoters Details
| Promoter | Designation |
|---|---|
| Srinibas Pradhan | Promoter & Chairman |
| Ramakanta Pradhan | Promoter & Managing Director |
| Jyotshna Pradhan | Promoter |
Srinibas Pradhan Constructions IPO Management Team
The company is managed by professionals with experience in infrastructure development, civil engineering, project execution, finance, procurement, contract management, and corporate governance. The management team focuses on efficient project execution, operational excellence, quality assurance, financial discipline, and sustainable business growth.
| Name | Designation |
|---|---|
| Ramakanta Pradhan | Managing Director |
| Srinibas Pradhan | Chairman & Executive Director |
| Jyotshna Pradhan | Executive Director |
| Pabitra Kumar Sahoo | Chief Financial Officer |
| Priyanka Das | Company Secretary & Compliance Officer |
Srinibas Pradhan Constructions IPO Registrar Details
The registrar was responsible for processing IPO applications, finalising the basis of allotment, crediting shares to successful applicants, initiating refunds, and handling investor-related services during the IPO process.
| Particular | Details |
|---|---|
| Registrar Name | Maashitla Securities Private Limited |
| Website | https://maashitla.com |
| IPO Allotment Status | https://maashitla.com/allotment-status/public-issues |
| Email ID | [email protected] |
| Contact Number | +91-33-4064 5407 |
Srinibas Pradhan Constructions IPO Lead Manager Details
The Book Running Lead Manager coordinated the public issue, managed regulatory compliance, assisted in marketing the issue, and guided the company throughout the IPO process.
| Particular | Details |
|---|---|
| Lead Manager | Novus Capital Advisors Private Limited |
| Website | https://novuscapital.in |
| Email ID | [email protected] |
| Contact Number | +91-22-4603 9009 |
Srinibas Pradhan Constructions Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Srinibas Pradhan Constructions Limited |
| Registered Office | Bhubaneswar, Odisha, India |
| Website | https://www.srinibaspradhan.com |
| Email ID | [email protected] |
How to Check Srinibas Pradhan Constructions IPO Allotment Status
Investors could check the IPO allotment status after the basis of allotment was finalised through either the registrar’s website or the NSE IPO portal.
Through Maashitla Securities Private Limited
- Visit the official Maashitla Securities IPO allotment portal.
- Select Srinibas Pradhan Constructions IPO from the IPO list.
- Choose PAN Number, Application Number, or DP/Client ID.
- Enter the required details correctly.
- Click Submit to view the allotment status.
Through NSE
- Visit the official NSE IPO allotment page.
- Select Srinibas Pradhan Constructions IPO from the IPO list.
- Enter your PAN Number or Application Number.
- Complete the verification process if required.
- Click Search to check the allotment status.
Frequently Asked Questions (FAQs)
What is the Srinibas Pradhan Constructions IPO?
Srinibas Pradhan Constructions IPO was a Book Built SME public issue comprising a fresh issue of equity shares along with an offer for sale.
What was the price band of the Srinibas Pradhan Constructions IPO?
The IPO was offered at a price band of ₹91 to ₹98 per equity share.
What was the total issue size of the Srinibas Pradhan Constructions IPO?
The total issue size was approximately ₹20.32 crore
When did the Srinibas Pradhan Constructions IPO open and close?
The IPO opened on 6 March 2026 and closed on 10 March 2026.
On which stock exchange are Srinibas Pradhan Constructions shares listed?
The company’s equity shares are listed on NSE SME (NSE EMERGE).
Who was the registrar for the Srinibas Pradhan Constructions IPO?
Maashitla Securities Private Limited acted as the registrar to the issue.
Who was the lead manager for the Srinibas Pradhan Constructions IPO?
Novus Capital Advisors Private Limited served as the Book Running Lead Manager.
What was the minimum lot size for the Srinibas Pradhan Constructions IPO?
The minimum application size was 1 lot consisting of 1,200 equity shares.
What does Srinibas Pradhan Constructions Limited do?
The company is engaged in executing EPC and civil infrastructure projects, including roads, bridges, irrigation systems, buildings, and other government infrastructure works.
What were the objectives of the Srinibas Pradhan Constructions IPO?
The IPO proceeds were proposed to be utilised for the purchase of construction equipment, meeting working capital requirements, repayment or prepayment of borrowings, and general corporate purposes.
