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SPCON · NSE · Infrastructure Development
Srinibas Pradhan Constructions IPO listed on 13 Mar 2026 on NSE at ₹100.05, a gain of 2.09% over the issue price of ₹98.00. The IPO was subscribed 1.13x overall.
Srinibas Pradhan Constructions IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 06 Mar 2026 |
| IPO Close Date | 10 Mar 2026 |
| Basis of Allotment | 11 Mar 2026 |
| Initiation of Refunds | 12 Mar 2026 |
| Credit of Shares to Demat | 12 Mar 2026 |
| Listing Date | 13 Mar 2026 |
Listing day gain
+2.09%
Listed at ₹100.05 (issue ₹98)
Issue
₹98
Listing
₹100.05
Current
₹104.4
+6.53% vs issue
Day range
₹100.05 – ₹105.05
Issue Size
2,073,600 shares
(aggregating up to ₹20.00 Cr)
Issue Price
₹91 – ₹98
Face Value
₹10/share
Market Lot
1,200 shares
Retail Min Investment
₹235,200
Listing At
NSE
Sale Type
both
Fresh Issue
1,609,200 shares
(aggregating up to ₹16 Cr)
Offer for Sale
360,000 shares
(aggregating up to ₹4 Cr)
Reserved for Market Maker
104,400 shares
(aggregating up to ₹1.00 Cr)
Issue Type
book building
Open Date
06 Mar
Close Date
10 Mar
Allotment
11 Mar
Listing
13 Mar
Last updated: 6 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 16 Mar 2026 Latest | ₹98 | ₹0 | ₹98 | ₹0 |
0%
|
11:33 AM |
| 15 Mar 2026 | ₹98 | ₹0 | ₹98 | ₹0 |
0%
|
4:33 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 10 Mar 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 1.13x | 1 |
| NII | 1.57x | 26 |
| bNII (bids above ₹10L) | 2.22x | 10 |
| sNII (bids below ₹10L) | 0.27x | 16 |
| Individual Investors | 0.69x | 282 |
| Total | 1.13x | 335 |
Showing the latest subscription snapshot.
View full subscription historyMr. Ramakanta Pradhan and Mr. Srinibas Pradhan are the company promoters.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹235,200 |
| Retail (Max) | 2 | 2,400 | ₹235,200 |
| S-HNI (Min) | 3 | 3,600 | ₹352,800 |
| S-HNI (Max) | 8 | 9,600 | ₹940,800 |
| B-HNI (Min) | 9 | 10,800 | ₹1,058,400 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 104,400 (5.03%) |
| QIB Shares Offered | 19,200 (0.93%) |
| NII (HNI) Shares Offered | 975,600 (47.50%) |
| Retail Shares Offered | 974,400 (46.54%) |
| Total Shares Offered | 2,073,600 (100.00%) |
Srinibas Pradhan Constructions Limited is an Odisha-based infrastructure company specializing in building roads, highways, and bridges. Since starting as a small local contractor in 2001, they have grown into a major player that handles large-scale government and private projects. They use high-quality materials like aggregate and cement to ensure durable construction for rural and urban connectivity.
Strength:
Experienced Leadership: The company is led by Mr. Srinibas Pradhan, who has over two decades of deep industry knowledge. This experience helps the company navigate complex bidding processes and technical challenges efficiently.
Strong Order Book: They have a steady flow of projects from various government agencies, municipal bodies, and private firms, which ensures a consistent revenue stream.
Backward Integration: The company has its own sourcing for essential materials like sand and bricks. This reduces dependency on outside suppliers, helps control costs, and ensures that the quality of construction remains high.
Proven Track Record: Their ability to execute projects on time has built a strong reputation in the state of Odisha, making them a preferred partner for infrastructure development.
Growth:
The company has seen massive growth in its operations, with total income jumping from ₹26.35 Cr in FY23 to nearly ₹90 Cr in FY25. This rapid expansion is supported by India’s focus on infrastructure development. By going public, the company aims to use the IPO funds for working capital and debt repayment, which will allow them to take on even larger projects and expand their geographical footprint beyond Odisha.
Standalone · ₹ in Crores
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Total Revenue | 26.35 | 35.27 | 89.73 |
| Profit After Tax (PAT) | 1.48 | 3.55 | 6.59 |
| EBITDA | 2.15 | 5.58 | 13.01 |
| Total Assets | 6.5 | 20.83 | 55.76 |
| Net Worth | 2.67 | 7.72 | 15.91 |
| Reserves & Surplus | 2.57 | 3.57 | 11.55 |
| Total Borrowing | 0.06 | 1.88 | 17.25 |
Revenue & Profit Trend
The basis of allotment for Srinibas Pradhan Constructions IPO was finalised on 11 Mar 2026. You can check your allotment status using your PAN number or application number on the Maashitla Securities Pvt. ltd. portal or BSE.
The Srinibas Pradhan Constructions IPO is expected to open in Mar 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Srinibas Pradhan Constructions IPO is ₹91.00 - ₹98.00 per share.
As per market sources, Srinibas Pradhan Constructions IPO GMP is currently ₹0.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Srinibas Pradhan Constructions IPO stands at 1.13x overall.
The listing date for Srinibas Pradhan Constructions IPO is 13 Mar 2026.
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