Annu Projects Share Price: Stock Lists at 27.27% Discount on NSE

On September 2, 2026, Annu Projects Ltd. shares made a weak debut on the stock exchanges, listing at ₹72 on the NSE, reflecting a 27.27% discount to the upper end of the issue price band of ₹94-₹99 per share. 

While on BSE it listed at ₹75 at a discount of 24.24% to the upper end of the issue price band of ₹94-₹99 per share. 

Annu Projects IPO Overview 

Annu Projects Limited's ₹175.06 crore book-built IPO, comprising entirely of a ₹175.06 crore fresh issue, was priced between ₹94 and ₹99 per share. With a minimum lot size of 151 shares, the offering was subscribed 2.93 times during the subscription period of August 25-28, 2026, with allotment finalized on August 31, 2026. Mefcom Capital Markets Ltd. acted as the book running lead manager, while KFin Technologies Ltd. served as the registrar for the issue. 

Business Overview of Annu Projects 

Annu Projects Limited is an engineering, procurement, and construction (EPC) company established in 2003. Headquartered in India, the company is engaged in the design, development, implementation, operation, and maintenance of overhead and underground utilities infrastructure. The brand operates across multiple key infrastructure verticals, principally focusing on telecom infrastructure, sewerage infrastructure, gas pipeline networks, and railway signaling. It serves prominent public sector units (PSUs) and private corporate clients across the utility ecosystem. 

Financial Overview of Annu Projects 

Annu Projects Ltd. demonstrated strong growth in its financial performance up to March 2026. Total revenue increased substantially, reaching ₹244.59 crore in FY26 compared to ₹182.35 crore in FY25. Most notably, the company's profit after tax surged to ₹33.03 crore over the same period. The company operates efficiently in its segment with an outstanding net profit (PAT) margin of approximately 13.69%. 

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Annu Projects Share Price Performance 

As of September 02, 2026, at 10:06 AM, Annu Projects share price on NSE was trading at ₹75.60, down by 23.64% from the IPO issue price of ₹99.00. 

Conclusion 

Annu Projects shares debuted weak on the NSE at ₹72, a 27.27% discount. The IPO was subscribed 2.93 times overall. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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