Srinibas Pradhan Constructions Limited (SPCL), an infrastructure and civil construction company operating in India, has launched its Initial Public Offering (IPO) for investors.

The IPO opened for subscription on March 6, 2026, and will remain available until March 10, 2026.

Through this public issue, the company plans to raise ₹20.32 crore, which includes both a fresh issue of shares and an offer for sale (OFS).

After the IPO process is completed, the company’s shares are expected to list on the NSE SME platform on March 13, 2026, subject to regulatory approvals.

About Srinibas Pradhan Constructions Limited

Srinibas Pradhan Constructions Limited is an India-based infrastructure and construction company that focuses on executing civil construction projects across the country.

The company undertakes a variety of construction works including:

• Road construction projects
• Bridge development
• Building construction
• Industrial structures
• Other infrastructure-related projects

These projects are typically executed for government departments, public sector undertakings (PSUs), and corporate clients.

Business Model and Revenue Generation

The company generates revenue mainly through construction contracts awarded by government agencies, PSUs, and private organisations.

Most of these projects are secured through competitive bidding processes, which is a common practice in the infrastructure sector.

Once awarded, the company is responsible for executing the project using its engineering expertise, construction equipment, and workforce.

The company’s ability to manage project timelines and deliver construction work according to specifications plays a crucial role in securing repeat contracts and maintaining client relationships.

Project Execution Capabilities

Srinibas Pradhan Constructions carries out its infrastructure projects through a combination of in-house project management and on-site execution teams.

Its project execution model includes:

• Planning and engineering design
• Deployment of construction machinery and equipment
• Procurement of materials
• Supervision and project management at construction sites

The company also deploys its construction equipment and workforce across multiple project locations, enabling it to handle projects simultaneously.

Srinibas Pradhan Constructions IPO Structure

The Srinibas Pradhan Constructions IPO is structured as a Book Built Issue.

Key details of the issue include:

• Total Issue Size: ₹20.32 crore
• Fresh Issue: ₹16.79 crore
• Offer for Sale (OFS): ₹3.53 crore

The fresh issue proceeds will be used by the company, while the funds from the offer for sale will go to the existing shareholders who are selling their stake.

Companies often use fresh issue proceeds for business expansion, working capital needs, and other corporate purposes.

IPO Price Band and Valuation

The price band for the Srinibas Pradhan Constructions IPO has been fixed between ₹91 and ₹98 per equity share.

At the upper price band of ₹98 per share, the company’s post-issue market capitalisation is expected to be around ₹77.04 crore.

Investors can place bids within this price range during the IPO subscription period.

IPO Timeline

The key dates related to the Srinibas Pradhan Constructions IPO are as follows:

• IPO Opening Date: March 6, 2026
• IPO Closing Date: March 10, 2026
• Allotment Finalisation: March 11, 2026 (Expected)
• Listing Date: March 13, 2026 (Tentative)
• Stock Exchange: NSE SME

These dates provide investors with the expected timeline from application to listing.

Lot Size and Minimum Investment

The IPO has a defined lot size requirement for investors.

• Lot Size: 1,200 shares

Retail investors must apply for a minimum of two lots, which equals 2,400 shares.

At the upper price band of ₹98, the minimum investment required will be:

• ₹2,35,200

For High-Net-Worth Individuals (HNIs):

• Minimum Application: 3 lots
• Total Shares: 3,600 shares
• Minimum Investment: ₹3,52,800

Such investment structures are common for SME IPOs, where the minimum investment size is usually higher than mainboard IPOs.

IPO Management and Registrar

The IPO process is being managed by several financial intermediaries.

• Book Running Lead Manager: Novus Capital Advisors Private Limited
• Registrar to the Issue: Maashitla Securities Private Limited
• Market Maker: Rikhav Securities Limited

The lead manager oversees the IPO process and regulatory coordination, while the registrar manages application processing, share allotment, and refunds.

The market maker helps provide liquidity in the stock once trading begins on the exchange.

Srinibas Pradhan Constructions IPO Grey Market Premium

The Grey Market Premium (GMP) for the Srinibas Pradhan Constructions IPO is currently reported at around ₹0.

The grey market refers to an informal market where IPO shares are traded before they are officially listed on stock exchanges.

However, investors should keep in mind that:

• Grey market trading is unregulated
• Prices are based purely on demand and supply
• GMP does not guarantee listing performance

Therefore, it should be considered only as an informal indicator rather than a reliable prediction of listing gains.

Infrastructure Construction Sector in India

The infrastructure construction industry in India continues to expand due to government investments in roads, bridges, industrial corridors, and urban infrastructure.

Key drivers of growth in this sector include:

• Government infrastructure spending
• Highway and transportation projects
• Industrial development initiatives
• Urban infrastructure expansion

Join our Telegram Channel for Latest News and Regular Updates.

Start your Mutual Fund Journey  by Opening Free Account in Asset Plus.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.