Srinibas Pradhan Constructions IPO
Srinibas Pradhan Construction IPO is a book-building IPO of ₹20.32 crore, comprising a fresh issue of 0.17 crore shares worth up to ₹16.79 crore and an offer for sale of 0.04 crore shares worth up to ₹3.53 crore. The price band for this IPO is set at ₹91 to ₹98 per share and the lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail investor) is ₹2,35,200 (2,400 shares). This IPO will be open for subscription from March 6 to 10, 2026, on the NSE SME platforms with a tentative listing date fixed as March 13, 2026.
Company Background
Srinibas Pradhan Constructions Ltd. is a specialized infrastructure development company incorporated in 2020 with its base at Jharsuguda, Odisha. The company has its origins as a proprietor concern established by Mr. Srinibas Pradhan in 2001. The company undertakes critical civil engineering projects such as roads, highways, bridges and industrial constructions, mainly for government departments and public sector undertakings.
