Shreejikrupa Project IPO

Established in 2006, Shreejikrupa Project Ltd. operates in the infrastructure and construction space, with projects spanning healthcare, education, housing, commercial buildings, and other public infrastructure. The company largely works with government departments, PSUs, municipal bodies, public works departments, and other government-linked organisations, while also undertaking projects for private-sector clients.

A key part of its business is the development of academic and healthcare facilities, including hospitals, medical colleges, and hostels. It also undertakes housing and commercial construction for government authorities and housing boards. As of June 30, 2026, the company had completed 35 projects in academic and healthcare infrastructure and 43 residential and commercial projects.

The company also executes infrastructure projects such as roads, railway stations, and industrial facilities. In addition, its portfolio includes specialised projects covering auditoriums, convention centres, sports facilities, visitor amenities, and electrification work. It had completed 22 infrastructure projects and 27 specialised projects as of June 30, 2026.

Overall, the company had worked on 228 projects across 11 states and two union territories, of which 127 were completed and 101 were under execution. Its order book stood at ₹37,007.96 million, offering visibility for future revenue. The company had 656 permanent employees as of June 30, 2026.

Shreejikrupa Project IPO Objectives

• The company will allocate ₹1,090.20 million toward capital expenditure, including ₹690.20 million for equipment and machinery and ₹400.00 million for scaffolding.
• It will use ₹2,500.00 million to part-fund incremental working capital requirements for business operations.
• It will deploy the remaining proceeds toward general corporate purposes and operational requirements.

Industry Outlook

The company belongs to the construction and infrastructure engineering industry.

• India’s building and construction CapEx stood at ₹16,188 billion in FY26, up 2.4% YoY, and is projected to reach ₹17,368 billion by FY30P, supported by continued infrastructure and real estate investments.
• Sustained government capital expenditure, urbanisation, and investments in transportation, industrial, and social infrastructure are expected to support construction and engineering activity.
• Airport development remains a key growth area, with multiple greenfield airports under development and around 50 existing airports undergoing expansion and modernisation. India aims to increase the number of airports to 350–400 by 2047.
• India’s port capacity has nearly doubled from 873 MMTPA in 2014 to 1,726 MMTPA in 2026, while cargo handling has increased to 915 MMT, creating opportunities for continued maritime infrastructure development.
• Initiatives under PM-ABHIM are expected to drive demand for hospitals, critical-care facilities, laboratories, and primary healthcare infrastructure, including 602 Critical Care Hospital Blocks and 730 Integrated Public Health Labs planned for 2026–27.
• Investments in IITs, Atal Tinkering Labs, digital education infrastructure, and National Centres of Excellence for Skilling are expected to create additional opportunities in academic and institutional construction.
• Rising passenger traffic, urbanisation, healthcare requirements, education capacity, and logistics infrastructure are expected to sustain demand for construction and engineering services across multiple end-use segments.

Financial Performance of Shreejikrupa Project 

Shreejikrupa Project Peer Comparison