Srinibas Pradhan Constructions is entering the public markets through SME IPO with an issue size of ₹20.32 crore. The issue consists of a fresh issue of ₹16.79 crore and an offer for sale of ₹3.53 crore. The shares are proposed to be listed on NSE & SME.
The IPO subscription window opens on March 6, 2026 and will remain open until March 10, 2026. The company plans to list its shares on March 13, 2026. Being an SME IPO, the issue may appeal to investors familiar with lower liquidity listings.
Srinibas Pradhan Constructions Limited IPO Timeline
IPO Quick Facts
This section covers the main IPO details of Srinibas Pradhan Constructions that investors generally review before applying.
IPO Details at a Glance
| Company Name | Srinibas Pradhan Constructions |
|---|---|
| IPO Segment | SME |
| Sale Type | Fresh Issue + Offer For Sale |
| Issue Type | Bookbuilding IPO |
| Price | ₹91 – ₹98 Per Share |
| Lot Size | 1,200 Shares |
| Face Value | ₹10 Per Share |
| Exchange | NSE & SME |
IPO Documents
| RHP | DRHP |
|---|---|
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Investor Category & Share Allocation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 104,400 | 5.03% |
| Qualified Institutional Buyers (QIB) | 19,200 | 0.93% |
| NII (HNI) | 975,600 | 47.05% |
| Retail | 974,400 | 46.99% |
| Total Shares Offered | 2,073,600 | 100.00% |
Srinibas Pradhan Constructions IPO Important Dates
The following table highlights the key dates for the Srinibas Pradhan Constructions IPO, covering the subscription period and the expected listing timeline.
| IPO Opening Date | 06 Mar 2026 |
|---|---|
| IPO Closing Date | 10 Mar 2026 |
| Allotment Finalization | 11 Mar 2026 |
| Initiation of Refunds | 12 Mar 2026 |
| Credit of Shares | 12 Mar 2026 |
| IPO Listing Date | 13 Mar 2026 |
Srinibas Pradhan Constructions IPO Size & Structure
| Total IPO Size | ₹20.32 Crore |
|---|---|
| Offer For Sale | ₹3.53 Crore |
| Fresh Issue | ₹16.79 Crore |
Srinibas Pradhan Constructions IPO Lot Size & Minimum Investment
The table below shows the lot size and investment amount for the Srinibas Pradhan Constructions IPO, calculated using the cut-off price. The price band for this IPO ranges from ₹91 to ₹98 per share.
Investors can apply for the IPO with a minimum of 1200 shares. Applications must be made in multiples of 1200 shares.
- Retail investors can apply from 2 lot to 2 lots.
- Small HNI (SHNI) investors must apply for at least 3 lots.
- Big HNI (BHNI) investors need to apply for a minimum of 9 lots.
This information helps investors understand the minimum investment required before applying for the IPO.
Note: Retail investors generally apply at the cut-off price, which is ₹98 per share.
| Category | Lots | Shares | Price | Amount |
|---|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹98 | ₹235,200 |
| Retail (Max) | 2 | 2,400 | ₹98 | ₹235,200 |
| S-HNI (Min) | 3 | 3,600 | ₹98 | ₹352,800 |
| S-HNI (Max) | 8 | 9,600 | ₹98 | ₹940,800 |
| B-HNI | 9 | 10,800 | ₹98 | ₹1,058,400 |
Srinibas Pradhan Constructions IPO GMP (Grey Market Premium)
The latest Srinibas Pradhan Constructions IPO GMP (Grey Market Premium), along with Kostak rates and Subject to Sauda rates, helps in understanding market sentiment. The current Srinibas Pradhan Constructions IPO GMP is ₹0 (0.00%), compared to the IPO issue price of ₹98. Based on the current GMP, the expected listing price is around ₹98. The Lowest GMP was ₹0 on 28 Feb 2026, while the highest GMP reached ₹0 on 28 Feb 2026.
Srinibas Pradhan Constructions IPO is expected to be listed on the stock exchange on 13 Mar 2026. The first reported GMP was ₹0 (0%), while the latest available GMP stands at ₹0 (0%).Srinibas Pradhan Constructions IPO GMP Today - Trend Analysis
| Date | Issue Price (₹) | GMP Price (₹) | Estimated Gain (%) | Estimated Price (₹) | Estimated Profit (₹) |
|---|---|---|---|---|---|
| 28 Feb 2026 | ₹98 | ₹0 | 0% | ₹98 | ₹0 |
Srinibas Pradhan Constructions IPO GMP gives retail and institutional investors an idea about short-term market expectations. Although grey market premium does not guarantee listing performance, it is still commonly referred to while analysing IPOs. Investors are advised to look at Srinibas Pradhan Constructions fundamentals along with IPO GMP data before making any investment decision.
GMP Disclaimer: GMP (Grey Market Premium) prices are unofficial and only reflect market sentiment. We neither participate in grey-market trading nor encourage it. Investors are strongly advised to review the company’s fundamentals, risks, and official documents before considering an investment in the Srinibas Pradhan Constructions IPO.
Srinibas Pradhan Constructions IPO Subscription Status
Srinibas Pradhan Constructions IPO subscription will open on 06 Mar 2026 and close on 10 Mar 2026. Investors can place bids from 10:00 AM to 5:00 PM on each subscription day.
Srinibas Pradhan Constructions IPO Allotment Status
The Srinibas Pradhan Constructions IPO allotment status has not been announced yet. It will be declared on 11 Mar 2026. Please check back in 8 days for the allotment results.
- 🗓 Allotment Date: 11 Mar 2026
- 📈 Listing Date: 13 Mar 2026
How to Check Srinibas Pradhan Constructions IPO Allotment Status Online?
Investors can check the Srinibas Pradhan Constructions IPO allotment status online through Maashitla Securities Pvt. Limited and NSE websites. All platforms provide easy access to the IPO allotment details.
Just follow the below mentioned steps to check your allotment status.You can also visit
Maashitla Securities Pvt.
to know more about the IPO registrar.
Check on Maashitla Securities Pvt. Limited (IPO Registrar)
- Visit → Maashitla Securities Private Limited
- Select Srinibas Pradhan Constructions
- Select
- Enter the relevant details to proceed further
- Click Submit to view allotment status
Check on NSE (National Stock Exchange) Website
- Go to → NSE Website
- Select Equity & SME IPO Bid Details.
- Choose Srinibas Pradhan Constructions IPO.
- Enter your PAN & Application Number.
- Click on Submit button.
The National Stock Exchange (NSE) provides an online facility to check the Srinibas Pradhan Constructions IPO allotment status.
Note: Allotment status is published only on the official registrar websites. We do not collect investor data or provide allotment verification directly.
How to Apply for Srinibas Pradhan Constructions IPO?
Login to Your Trading App
Open your trading app such as Angel One, Zerodha, Upstox, Groww or any brokerage app.
Go to the IPO Section
Navigate to the IPO section in the app, search for the IPO, and enter your bid details.
Enter Your UPI ID
Provide your UPI ID that is linked to your bank account for payment authentication.
Approve the Mandate
Open your UPI app and approve the payment mandate to block the required amount.
Application Confirmation
Application submitted successfully, the funds will remain blocked until allotment is finalized.
About Srinibas Pradhan Constructions Limited
Srinibas Pradhan Constructions Limited was incorporated on September 25, 2020, as a private limited company and converted into a public limited company on February 9, 2024.
SPCL operates in the infrastructure development sector with a primary focus on roads and highways, including rural, major district and urban roads.
The Company also undertakes construction of high-level bridges, steel structures, foundations, superstructures, multi-storied buildings, factories and industrial facilities. Its business model is largely tender-based, where it participates in competitive bidding for government and infrastructure projects in Odisha.
IPO Financial Summary
- Total Assets changed by 167.69% in FY 2024-2025.
- Total Revenue changed by 154.41% in FY 2024-2025.
- Profit After Tax changed by 85.63% in FY 2024-2025.
- Reserves & Surplus changed by 223.53% in FY 2024-2025.
- Total Borrowings changed by 817.55% in FY 2024-2025.
| Metric | 2025-09-30 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Total Assets (₹ Cr) | 56.67 | 55.76 | 20.83 | 6.50 |
| Total Revenue (₹ Cr) | 45.63 | 89.73 | 35.27 | 26.35 |
| Profit After Tax (₹ Cr) | 4.11 | 6.59 | 3.55 | 1.48 |
| Reserves & Surplus (₹ Cr) | 15.87 | 11.55 | 3.57 | 2.57 |
| Total Borrowings (₹ Cr) | 17.17 | 17.25 | 1.88 | 0.06 |
Srinibas Pradhan Constructions Peer Comparison
The following table helps investors compare Srinibas Pradhan Constructions IPO with its listed peers based on important financial and valuation parameters as of March 31, 2025.
| # | Company Name | EPS (₹) | P/E (x) | NAV (₹) | P/BV (x) | RoNW (%) |
|---|---|---|---|---|---|---|
| 1 | Srinibas Pradhan Constructions Limited | 6.89 | - | 35.81 | - | 21.67 |
| 2 | AVP Infracon Limited | 9.29 | 11.84 | 63.80 | 1.75 | 16.29 |
| 3 | Sonu Infratech Limited | 5.28 | 15.74 | 69.10 | 1.20 | 8.34 |
Utilisation of Proceeds
The Company proposes to utilise the net IPO proceeds of approximately ₹25.10 crore towards the following objectives:
| # | Purpose | Amount (₹ Cr) | % of Total |
|---|---|---|---|
| 1 | Funding the working capital requirements of the Company. | 11.55 | 46.02% |
| 2 | Repayment of portion of loan availed by our Company | 1.00 | 3.98% |
| 3 | Total | 12.55 | 50.00% |
| Total | 25.10 | 100% | |
Srinibas Pradhan Constructions IPO Promoter Holding
| Promoter(s) | Mr. Ramakanta Pradhan and Mr. Srinibas Pradhan |
|---|---|
| Pre-Issue Holding | 85.27% |
Srinibas Pradhan Constructions IPO FAQs
The Srinibas Pradhan Constructions IPO is a SME Bookbuilding IPO with a total issue size of ₹20.32 crore. The issue consists of a fresh issue of ₹16.79 crore and an offer for sale of ₹3.53 crore.
The IPO will open for subscription on Fri, 06 Mar 2026 and will close on Tue, 10 Mar 2026.
The shares are being offered at a price band of ₹91 to ₹98 per equity share.
Investors can apply for the IPO with a minimum lot size of 1,200 shares.
At the upper price band, the minimum investment required for one lot is approximately ₹235,200.
The shares of Srinibas Pradhan Constructions are expected to be listed on NSE & SME on Fri, 13 Mar 2026.
The Grey Market Premium (GMP) of Srinibas Pradhan Constructions IPO is ₹0.
The IPO registrar of Srinibas Pradhan Constructions is Maashitla Securities Pvt. Limited. Maashitla is responsible for processing IPO applications, finalizing allotment, crediting shares, and initiating refunds.
The allotment date is expected on Wed, 11 Mar 2026.
Allotment status is generally updated in the evening (6 PM – 10 PM) on Wed, 11 Mar 2026 on the registrar or exchange website.
Shares are expected to be credited by Thu, 12 Mar 2026.
Refunds for unsuccessful applicants will be initiated on Thu, 12 Mar 2026.
Investors can check refund status via:
- UPI mandate / bank account (NACH, NEFT, RTGS)
- ASBA bank portal
Listing details for Srinibas Pradhan Constructions Limited are not available.
The latest share price of Srinibas Pradhan Constructions Limited is currently not available.
Recent price movement data for Srinibas Pradhan Constructions Limited is currently not available.
Disclaimer: The content published on this website is for informational and educational purposes only and must not be treated as financial, trading or investment advice. Share Market related articles, IPO details, GMP values, subscription data, listing estimates, allotment status and related information reflect market sentiment and public data and may be inaccurate or outdated. Nothing on this website constitutes an offer or recommendation to buy or sell any securities. We are not SEBI registered financial advisors. Investors must consult a qualified SEBI registered financial advisor before making any investment decisions. Any investment made based on the information provided here is entirely at the reader’s own risk. The author and the team at TheFinancialTalks.com shall not be responsible or liable for any financial loss. Investors must conduct thorough due diligence and seek professional financial advice before making any investment decisions.