Annu Projects IPO

Annu Projects IPO is a book-built issue worth ₹175.06 crore, comprising an entirely fresh issue of 1.77 crore equity shares. The IPO will open for subscription on August 25, 2026, and close on August 28, 2026. The allotment is expected on August 31, 2026, while the shares are tentatively scheduled to list on NSE and BSE on September 2, 2026.

The IPO has a price band of ₹94–₹99 per share, with a lot size of 151 shares. Retail investors need to invest a minimum of ₹14,949 for one lot at the upper price band.

Mefcom Capital Markets Ltd. is the book-running lead manager, while Kfin Technologies Ltd. is the registrar to the issue.

Industry Outlook

1. India’s infrastructure spending is increasing, creating growth opportunities across telecom and utility infrastructure.
2. The telecommunications sector is expected to grow at a CAGR of 8%–9% over the next three years, driven by rising data demand, fibre rollout and 5G network expansion.
3. India’s broadband subscriber base grew at a CAGR of 6.43%, from 743.20 million in March 2020 to 1,080.15 million in May 2026.
4. Under BharatNet Phase III, projects worth approximately ₹2.73 lakh crore have been sanctioned to expand optical fibre connectivity to gram panchayats and villages across the country.
5. The transmission line market is projected to grow at a CAGR of 9% between 2024 and 2028, expanding opportunities for engineering, procurement and construction (EPC) contractors.
6. Annu Projects operates across telecom, sewerage and gas pipeline infrastructure, positioning it to participate in infrastructure projects, including government-funded initiatives.

Annu Projects IPO Objectives 

The company plans to utilise the net proceeds from the IPO for the following purposes:

1. The company plans to use ₹15.41 crore of the net IPO proceeds to fund capital expenditure, including the purchase of machinery and equipment.
2. Around ₹115 crore will be allocated towards meeting the company’s working capital requirements.
3. The remaining proceeds will be utilised for general corporate purposes.
4. The total estimated amount proposed to be utilised from the net IPO proceeds is ₹130.41 crore.

About Annu Projects Limited 

Annu Projects Limited is an engineering, procurement and construction (EPC) company engaged in the design, development, implementation, operation and maintenance of essential overhead and underground utility infrastructure. Its operations span telecom, sewerage and gas pipeline infrastructure. In the telecom segment, the company undertakes surveying, designing and installation of cabling and tower infrastructure for communication, automation and electronic security systems, serving customers such as Bharat Sanchar Nigam Limited, A2Z Infra Engineering Limited, Bharat Broadband Network Limited and G R Infraprojects Limited. Its sewerage business includes pipe laying, construction of manholes, sewage treatment plants, pumping stations and related structures. 

In the gas pipeline segment, the company undertakes the laying of MDPE pipelines ranging from 20 mm to 125 mm and has completed 38,300 GI house connections for domestic and commercial gas supply, serving customers including Indraprastha Gas Limited, Gujarat Gas Limited and GAIL India Limited. As of June 30, 2026, the company had 23 ongoing projects worth ₹1,959.35 crore, comprising four telecom infrastructure projects, 14 sewerage projects, four gas pipeline projects and one railway signalling project. Its key strengths include expertise in EPC and commissioning of underground and overhead utility infrastructure, integrated project management capabilities, a strong order book, consistent financial performance and an experienced management team.

How To Check the Allotment Status of the Annu Projects IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

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How To Apply for Annu Projects IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Annu Projects IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Annu Projects IPO 

Registered Office:Annu Projects Ltd. Address- B-1, Plot No. 11, Local Shopping Complex Vasant Kunj, South Delhi, New Delhi, 110070

Phone: +91 11 40114238

E-mail: cs@annuprojects.com

Annu Projects IPO Reservation

Annu Projects IPO Promoter Holding

The promoters of the company are Sanjay Kumar Sarraf and Krishna Ranjan.

Annu Projects IPO Prospectus

• Annu Projects IPO DRHP

Annu Projects IPO Registrar and Lead Managers

Annu Projects IPO Lead Managers

• Mefcom Capital Markets Ltd

Registrar for Annu Projects IPO

Kfin Technologies Ltd.

• Contact Number: 040-79615565
• Email Address:annuprojects.ipo@kfintech.com

Financial Performance of Annu Projects Limited

Annu Projects IPO Peer Comparison 

Strengths and Opportunities of Annu Projects IPO

1. The company has over 2 decades of experience in engineering, procurement and commissioning of overhead and underground utility infrastructure across the telecom, sewerage and gas pipeline segments.
2. As of June 30, 2026, it owned a fleet of more than 558 plant and machinery units, including horizontal directional drilling machines, splicing machines and OTDR machines, supporting its in-house project execution capabilities.
3. In its telecom infrastructure business, the company has laid over 26,200 kilometres of optical fibre cable (OFC) network and maintains more than 62,800 kilometres of OFC networks.
4. The company serves several recognised public sector clients, including Bharat Sanchar Nigam Limited, Bihar Urban Infrastructure Development Corporation Limited and Jharkhand Urban Infrastructure Development Company Limited.

Risks and Threats of Annu Projects IPO 

1. The company generated more than 90% of its revenue from operations from its telecom and sewerage infrastructure businesses during FY24–FY26. Therefore, any slowdown in either of these sectors could adversely affect its revenue.
2. Government sector entities accounted for 57.09% of revenue in FY26, 64.99% in FY25 and 60.88% in FY24, exposing the company to risks related to government tendering, budget allocations and payment cycles.
3. The company has significant customer concentration, with its top 10 customers contributing 97.96% of revenue in FY26, 98.25% in FY25 and 95.90% in FY24. The loss of a major customer could adversely impact its business and revenue.
4. Its operations are geographically concentrated in Bihar, Jharkhand, Goa, West Bengal and Madhya Pradesh, which together contributed more than 70% of its revenue. Any adverse developments in these regions could affect the company’s operations and financial performance.