Srinibas Pradhan Constructions

Srinibas Pradhan Constructions

CLOSED

IPO Date: 6 Mar - 10 Mar 2026

Listing Date: 13 Mar 2026

Price Range

Rs.91 - Rs.98

Issue Size

20 Cr

Min Investment

1,09,200

Lot Size

1200 Shares

Schedule of Srinibas Pradhan Constructions

Issue open date

6 Mar 2026

Issue close date

10 Mar 2026

UPI mandate deadline

10 Mar 2026 (5 PM)

Allotment finalization

11 Mar 2026

Share credit

12 Mar 2026

Listing date

13 Mar 2026

Mandate end date

25 Mar 2026

Issue size

Funds Raised in the IPOAmount
Overall20 Cr
Fresh Issue16.79 Cr
Offer for Sale3.53 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date11 Mar 2026
Allotment Link{Link}

Grey Market PremiumNew

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIpo PriceGMPEstimated Listing Price
12 Mar 202698098 (0%)
9 Mar 202698098 (0%)
8 Mar 202698098 (0%)
7 Mar 202698098 (0%)
5 Mar 202698098 (0%)
4 Mar 202698098 (0%)
3 Mar 202698098 (0%)
2 Mar 202698098 (0%)
1 Mar 202698098 (0%)
28 Feb 202698098 (0%)

Performance Srinibas Pradhan Constructions

Issue PriceListing GainCurrent Market PriceP/L
Rs.91 - Rs.98 200 (2.09%) 12527.55%

About Srinibas Pradhan Constructions

Srinibas Pradhan Construction is engaged in infrastructure development in the State of Odisha, with a primary focus on roads and highways, including rural roads, major district roads, and urban road projects. The company also undertakes the construction of bridges, high-level bridges, and steel structures used in bridge works and industrial sheds. Its civil construction activities cover foundations, superstructures, multi-storied buildings, factories, industrial facilities, irrigation works, and canal-related projects. The company executes projects primarily through participation in competitive bidding processes floated by government departments, state and central public sector undertakings, and other public authorities. It uses materials such as aggregate, sand, tar, cement, and steel to deliver infrastructure works as per project specifications and contractual requirements. The company operates with a P.W.D. Contractors Registration Certificate as a ‘B’ Class contractor in Odisha. Its wholly owned subsidiary, Srinibas Pradhan Infra Private Limited, holds an ‘A’ Class contractor registration, enabling participation in higher-value tenders. Together, they undertake projects across roads, bridges, civil, irrigation, and industrial construction segments within the state.

Founded in2020
Managing directorMr Srinibas Pradhan
Parent organization

Financial Overview

Strengths

  • Strong presence in roads, highways, bridges, and civil infrastructure projects.
  • Holds PWD ‘B’ Class license; subsidiary holds ‘A’ Class license for higher-value tenders.
  • Promoters bring over 23 years of experience in government construction projects.
  • ISO 9001, ISO 14001, and ISO 45001 certified for quality and compliance standards.
  • Demonstrated growth in revenue and profitability in recent years.

Risks

  • Operations are geographically concentrated in Odisha.
  • High dependence on government contracts through competitive bidding.
  • Significant related party transactions with promoter-linked entities.
  • Pending civil litigation relating to land acquisition compensation.
  • GST notice issued to subsidiary for alleged inadmissible ITC claim.

Subscription Figures

CategorySubscription (No. of times)
Qualified Institutional Buyers (QIBs)1.13
Non-Institutional Investors (NIIs)1.5
Retail Individual Investors (RIIs)0.62
EmployeeN/A
Total1.08