Srinibas Pradhan Constructions IPO is a book-built issue with a total size of ₹20.32 crore. The entire issue consists of a fresh issue of 0.17 crore shares and offer for sale of 0.04 crore shares, aiming to raise funds for the company’s business needs. The IPO opens for subscription on March 6, 2026, and will close on March 10, 2026.
The basis of allotment is expected to be finalised on March 11, 2026, and the shares are likely to be listed on NSE SME on March 13, 2026. The price band for the issue is set between ₹91 and ₹98 per share, offering investors an entry at different levels.
The minimum application size is 2,400 shares, making the minimum investment for retail investors ₹2,35,200 at the upper band. For HNI investors, the minimum lot size is 8 lots, equivalent to 2,400 shares, amounting to ₹9,40,800.
Novus Capital Advisors Private Limited is acting as the book running lead manager, while Maashitla Securities Private Limitedhas been appointed as the registrar to the issue. Rikhav Securities Limited is serving as the market maker for this IPO.
Srinibas Pradhan Constructions IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Funds will be used for repayment of portion of loan availed by our company.
- Part of the proceeds will meet working capital needs.
- Remaining funds will be used for general corporate purposes.
About Srinibas Pradhan Constructions Limited
Srinibas Pradhan Constructions Limited is a technology-driven company that provides end-to-end IT services to clients across different sectors. The company focuses on delivering solutions in areas such as telecom, digital banking, cloud technology, enterprise integration, and data engineering.
With its expertise in handling complex IT requirements, it caters to clients ranging from financial institutions to telecom operators, helping them streamline operations and enhance customer experiences. The company offers specialised services like core banking platforms, API management, and cloud-based solutions, which are becoming increasingly important in today’s digital era.
As more businesses shift towards digital transformation, demand for services provided by Srinibas Pradhan Constructions Limited continues to grow. By leveraging innovation and advanced technology, the company supports businesses in adopting scalable and efficient IT frameworks.
Its ability to design customised solutions makes it a reliable partner for enterprises aiming to improve efficiency and reduce operational costs. In addition, its focus on integration services ensures smooth connectivity between different systems, which is critical for modern businesses.
The company’s strength lies in its diverse offerings that cover both technology infrastructure and application development. With the growing global shift towards cloud adoption, digital banking, and advanced telecom solutions, Srinibas Pradhan Constructions Limited is positioned to benefit from industry trends.
Its wide service portfolio and commitment to delivering tailored solutions enable it to address evolving client needs effectively. This makes the company a strong player in the IT services sector with promising growth prospects in the future.
Industry Outlook
- Rising capital expenditure by the Government of India is accelerating infrastructure development and supporting the country’s target of becoming a US$ 5 trillion economy.
- Increased budget allocation toward roads, railways, shipping, and logistics is expected to stimulate private sector investment and improve connectivity across the country.
- India is estimated to require around US$ 840 billion in urban infrastructure investment over the next 15 years to support its rapidly growing population.
- Greater emphasis is being placed on the long-term maintenance, durability, and sustainability of infrastructure assets such as buildings, bridges, ports, and airports.
- Digitalisation and economic growth in Tier II and Tier III cities are driving demand for commercial real estate as companies decentralize operations beyond metropolitan areas.
- The residential real estate sector has shown strong recovery with increasing housing demand and rising project launches in major cities.
- The civil aviation sector is expected to expand significantly with India projected to have around 190–200 operational airports by 2040.
- Government initiatives such as regional connectivity schemes and smart city programs are strengthening nationwide infrastructure growth and attracting foreign investment.
How To Apply for the Srinibas Pradhan Constructions IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Srinibas Pradhan Constructions IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Srinibas Pradhan Constructions IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Srinibas Pradhan Constructions Limited
Registered office: C/O- Srinibas Pradhan, Near Chuakani Po-Lamtibaha,
Jharsuguda, Jharsuguda, Jharsuguda, Odisha, 768216
Phone: +91 6645 251105
E-mail: cs@srinibaspradhan.com
Srinibas Pradhan Constructions IPO Reservation
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 1,04,400 (5.03%) |
| QIB Shares Offered | 19,200 (0.93%) |
| NII (HNI) Shares Offered | 9,75,600 (47.05%) |
| Retail Shares Offered | 9,74,400 (46.99%) |
| Total Shares Offered | 20,73,600 (100.00%) |
Srinibas Pradhan Constructions IPO Lot Size Details
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,35,200 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,35,200 |
| S-HNI (Min) | 3 | 3,600 | ₹3,52,800 |
| S-HNI (Max) | 8 | 9,600 | ₹9,40,800 |
| B-HNI (Min) | 9 | 10,800 | ₹10,58,400 |
Srinibas Pradhan Constructions IPO Promoter Holding
The promoters of the company include Mr. Ramakanta Pradhan and Mr. Srinibas Pradhan.
| Share Holding Pre-Issue | 85.27% |
| Share Holding Post Issue | - |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Srinibas Pradhan Constructions IPO
| KPI | 30-Sep-25 |
| ROE | 21.67% |
| ROCE | 29.79% |
| Debt/Equity | 0.78 |
| RoNW | 21.67% |
| PAT Margin | 9.01% |
| EBITDA Margin | 16.76% |
Srinibas Pradhan Constructions IPO Registrar and Lead Managers
Srinibas Pradhan Constructions IPO Lead Managers
- Novus Capital Advisors Private Limited
Registrar for Srinibas Pradhan Constructions IPO
Maashitla Securities Private Limited
- Contact Number: +91-11-45121795-96
- Email Address: Investor.ipo@maashitla.com
Financial Performance of Srinibas Pradhan Constructions Limited
| Particulars | Period ending on September 30, 2025 | Year ending on March 31, 2025 | Year ending on March 31, 2024 |
| Revenue from Operations (₹ lakh) | 4,558.70 | 8,968.47 | 3,526.94 |
| EBITDA (₹ lakh) | 763.89 | 1,300.59 | 557.6 |
| Profit After Tax (₹ lakh) | 410.87 | 658.62 | 354.89 |
| PAT Margin (%) | 9.01 | 7.34 | 10.06 |
| Net Worth (₹ lakh) | 2,201.29 | 1,590.73 | 771.56 |
| Return on Equity (%) | 21.67 | 55.76 | 68.36 |
| Return on Capital Employed (RoCE) (%) | 29.79 | 71.01 | 84.29 |
| Operating Cash Flow (₹ lakh) | -58 | -1,378.76 | 276.43 |
Srinibas Pradhan Constructions Limited Peer Comparison
| Company Name | Revenue FY 2024–25 (₹ lakh) | EBITDA Margin (%) | ROCE (%) | PAT FY 2024–25 (₹ lakh) |
| Srinibas Pradhan Constructions Limited | 8,968.47 | 14.50 | 71.01 | 658.62 |
| AVP Infracon Limited | 29,281.27 | 20.70 | 37.47 | 3,327.39 |
| Sonu Infratech Limited | 17,030.47 | 14.11 | 32.89 | 1,104.11 |
Strengths and Opportunities of Srinibas Pradhan Constructions Limited
- The company benefits from an established reputation built over two decades under the leadership of its promoter, who has played a key role in developing its presence in the construction and infrastructure sector.
- Experienced leadership strengthened further with the involvement of Ramakanta Pradhan contributes strategic direction, industry expertise, and operational stability.
- A skilled workforce of experienced engineers provides strong technical capabilities and ensures efficient project execution with high standards of quality and precision.
- The company’s team combines technical expertise with practical on-site experience, enabling effective management of complex construction projects.
- Strong backward integration in sourcing key construction materials such as bricks, sand, and other supplies enhances supply chain stability and operational efficiency.
- Control over essential raw materials helps the company maintain competitive pricing while ensuring consistent quality across projects.
- A diverse project portfolio covering roads, bridges, dams, and multi-storied buildings demonstrates the company’s versatility across different infrastructure segments.
- The ability to execute both small-scale and large-scale infrastructure projects positions the company to capture opportunities across multiple areas of the construction industry.
Risks and Threats of Srinibas Pradhan Constructions Limited
- Economic downturns and macroeconomic uncertainty can reduce infrastructure spending and delay construction projects, which may negatively affect demand for the company’s services.
- Dependence on government and public sector infrastructure projects can expose the company to fluctuations in public expenditure and project approvals.
- Frequent regulatory and policy changes in the construction and infrastructure sector may require continuous compliance efforts and operational adjustments.
- Delays in obtaining government approvals, permits, or clearances can affect project timelines and overall execution efficiency.
- Supply chain disruptions caused by natural disasters, logistics issues, or global market volatility may impact the availability of construction materials.
- Rising costs of raw materials such as cement, steel, sand, and aggregates can affect project profitability if not effectively managed.
- Project execution risks, including delays in payments from clients or changes in project scope, may impact working capital and cash flow.
- Intense competition in the infrastructure and construction sector can place pressure on pricing, margins, and the company’s ability to secure new contracts.
