Srinibas Pradhan IPO open date is March 6, 2026 and the IPO will close on March 10, 2026. Srinibas Pradhan Constructions IPO is a Bookbuilding IPO Issue. The company to raise around ₹20.32 crores via IPO that comprises fresh issue of ₹16.79 crores and offer for sale up to 3,60,000 equity shares with face value of ₹10 each.
The company reported revenue of ₹89.73 crores in 2025 against ₹35.27 crores in 2024. The company reported profit of ₹6.59 crores in 2025 against profit of ₹3.55 crores in 2024. As per the financials the IPO investors should apply the IPO for a long term.
Srinibas Pradhan Constructions IPO price band is ₹91 to ₹98 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Srinibas Pradhan Constructions IPO to list on NSE SME on March 13, 2026.. The allotment of Srinibas Pradhan IPO date is March 11, 2026.(IPO UPDATES)
📌 About the Company
Srinibas Pradhan Constructions Ltd is engaged in civil construction and infrastructure development projects. The company primarily focuses on:
- Road construction
- Bridge construction
- Government infrastructure contracts
- Civil engineering works
The company mainly operates in regional markets, especially in Odisha and nearby states, executing projects through government tenders.
📅 Srinibas Pradhan IPO Date (Tentative Schedule)
| Event | Date |
|---|---|
| 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 | 12 March 2026 |
| Listing Date | 13 March 2026 |
The IPO will be listed on National Stock Exchange of India (NSE) – SME Platform.
💰 IPO Details
| Particular | Details |
|---|---|
| IPO Type | Book Built Issue (SME) |
| Face Value | ₹10 per share |
| Price Band | ₹91 to ₹98 per share |
| Total Issue Size | Approx ₹20.32 Crore |
| Fresh Issue | ~17,13,600 Shares |
| Offer for Sale (OFS) | ~3,60,000 Shares |
| Total Shares Offered | 20,73,600 Shares |
📦 IPO Lot Size & Minimum Investment
| Category | Lot Size | Investment (Upper Band ₹98) |
|---|---|---|
| Retail (Minimum) | 1,200 Shares | ₹1,17,600 |
| Typical Retail Application | 2 Lots (2,400 Shares) | ₹2,35,200 |
| HNI Minimum | 3 Lots | ₹3,52,800 |
SME IPOs generally require higher minimum investment compared to mainboard IPOs.
🏷️ IPO Reservation
| Investor Category | Reservation |
|---|---|
| Retail Individual Investors (RII) | ~47% |
| Non-Institutional Investors (HNI) | ~47% |
| QIB | ~1% |
| Market Maker | ~5% |
📊 Company Financials (Restated)
(Figures approximate for explanation purpose – always verify with RHP before investing)
| Financial Year | Revenue (₹ Cr) | Profit After Tax (₹ Cr) |
|---|---|---|
| FY2023 | Growing Trend | Positive |
| FY2024 | Strong Growth | Improved Margin |
| FY2025 | Further Growth | Stable Profitability |
Key Observations:
- Revenue growth supported by government contracts
- Stable profit margins
- Working capital intensive business model
- Dependent on tender approvals
📌 Objects of the Issue
The company plans to utilize IPO proceeds for:
- Working capital requirements
- General corporate purposes
- Strengthening financial position
Infrastructure businesses typically require strong working capital for project execution.
📈 Key Performance Indicators (KPI)
- Earnings Per Share (EPS) – Based on latest financials
- Price to Earnings (P/E Ratio) – Derived from upper band ₹98
- Return on Net Worth (RoNW) – Moderate
- Debt to Equity Ratio – Needs monitoring
Compared to listed SME infrastructure companies, valuation appears moderate but liquidity risk remains.
🔍 Detailed IPO Review
✅ Strengths
- Experienced management in civil construction
- Strong regional presence
- Government-backed infrastructure projects
- Visible order book pipeline
⚠️ Risks
- Highly dependent on government contracts
- Payment delays risk
- SME IPO liquidity risk after listing
- Infrastructure sector competition
📊 Valuation Analysis
At the upper price band of ₹98:
- Valuation appears reasonable for SME infrastructure segment
- P/E ratio is moderate compared to peers
- However, SME stocks may see volatility post listing
Investors must consider:
✔️ Long-term holding ability
✔️ Low liquidity risk tolerance
✔️ Sector growth outlook
📌 Grey Market Premium (GMP)
GMP indicates unofficial market demand before listing. Investors should track live GMP trends before final decision.
(Note: GMP is unofficial and highly volatile.)
📝 How to Apply for Srinibas Pradhan IPO
You can apply via:
- Zerodha (Kite IPO)
- Upstox
- Groww
- Angel One
- Net Banking ASBA
Steps:
- Login to broker account
- Select IPO section
- Choose Srinibas Pradhan IPO
- Enter lot quantity
- Approve UPI mandate
- Submit application
📌 How to Check Allotment Status
After allotment date:
- Visit IPO Registrar website
- Select IPO Name
- Enter PAN / Application Number
- Click Submit
If allotted:
- Shares credited to Demat
If not allotted: - Refund initiated automatically
📊 Listing Expectations
Listing is scheduled on NSE SME.
Possible Scenarios:
- 📈 Premium Listing (if strong subscription & GMP)
- ➖ Flat Listing
- 📉 Discount Listing (if weak demand)
SME IPOs can be volatile on listing day.
🎯 Should You Apply?
Suitable For:
✔️ High-risk investors
✔️ Long-term SME investors
✔️ Investors comfortable with low liquidity
Not Suitable For:
❌ Conservative investors
❌ Short-term low-risk traders
❌ Investors needing quick liquidity
📌 Final Verdict
Srinibas Pradhan Constructions IPO offers exposure to the growing infrastructure sector through an SME platform. The company shows steady growth and regional strength, but risks remain due to:
- SME liquidity
- Government contract dependency
- Working capital intensity
Here are the Registered Office Address and IPO Registrar Office Details for the Srinibas Pradhan Constructions IPO:
🏢 Registered Office Address
Srinibas Pradhan Constructions Ltd
Plot No. – [As per RHP]
At/PO – [Location Details as per RHP]
District – Odisha
India
📌 The company primarily operates from Odisha and executes government infrastructure projects across the region.
(Note: For exact building number and PIN code, always refer to the Red Herring Prospectus (RHP) filed with NSE SME.)
📝 IPO Registrar Office Details
KFin Technologies Ltd
Registered & Corporate Office:
Selenium Tower B, Plot No. 31 & 32
Financial District, Nanakramguda
Serilingampally, Hyderabad – 500032
Telangana, India
📞 Phone: +91-40-6716 2222
🌐 Website: www.kfintech.com
📌 Registrar Role:
- IPO Allotment Processing
- Refund Initiation
- Share Credit to Demat
- Allotment Status Check
After allotment date, investors can check status on KFinTech website using:
- PAN Number
- Application Number
- DP Client ID
DISCLAMER
The information shared here is intended solely for educational and general awareness purposes. Any securities, investments, or IPO-related details mentioned should not be interpreted as financial advice or investment recommendations. Readers are encouraged to conduct their own independent research or seek guidance from a qualified financial professional before making investment decisions.
IPO-related updates are provided for informational use only. Market trends, past performance, or investor interest do not ensure future outcomes. We are not registered with SEBI. Investments in IPOs and the securities market involve inherent risks, and individuals should carefully evaluate their financial situation or consult a certified financial advisor before investing.
