Incorporated in 2020, Srinibas Pradhan Constructions Limited (SPCL) operates in the infrastructure and utilities sector, specializing in the execution of projects related to roads, highways, bridges, electricity infrastructure, and mining infrastructure.
Core Business Activities
SPCL is actively engaged in infrastructure development across a range of sectors, with a primary focus on:
SPCL participates in competitive bidding processes for infrastructure projects across the state of Odisha, catering to state government departments, central and state public sector undertakings, as well as private corporate clients.
The company’s project portfolio covers roads, bridges, irrigation and canal works, civil construction, and industrial development.
As on Feb 15, 2026, the company has reported consolidated Order Book of Rs. 18,406.95 lakhs.
Competitive strengths:
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 56.67 | 55.76 | 20.83 | 6.50 |
| Total Income | 45.63 | 89.73 | 35.27 | 26.35 |
| Profit After Tax | 4.11 | 6.59 | 3.55 | 1.48 |
| EBITDA | 7.64 | 13.01 | 5.58 | 2.15 |
| NET Worth | 22.01 | 15.91 | 7.72 | 2.67 |
| Reserves and Surplus | 15.87 | 11.55 | 3.57 | 2.57 |
| Total Borrowing | 17.17 | 17.25 | 1.88 | 0.06 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company. | 11.55 |
| 2 | Repayment of portion of loan availed by our Company | 1.00 |
| 3 | General Corporate Purpose. | |
| Total | 12.55 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 21.67% | 55.76% |
| ROCE | 29.79% | 71.01% |
| Debt/Equity | 0.78 | 1.08 |
| RoNW | 21.67% | 55.76% |
| PAT Margin | 9.01% | 7.34% |
| EBITDA Margin | 16.76% | 14.50% |
| Price to Book Value | 3.58 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 10.71 | 10.45 |
| P/E (x) | 9.15 | 9.37 |
| IPO Date | 6 to 10 Mar, 2026 |
| Listing Date | Fri, Mar 13, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹91 to ₹98 |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 20,73,600 shares (agg. up to ₹20 Cr) |
| Reserved for Market Maker |
1,04,400 shares
(agg. up to ₹1 Cr)
|
| Fresh Issue (Ex Market Maker) | 16,09,200 shares (agg. up to ₹16 Cr) |
| Offer for Sale | 3,60,000 shares of ₹10 (agg. up to ₹4 Cr) |
| Net Offered to Public | 19,69,200 shares (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 61,47,397 shares |
| Share Holding Post Issue | 78,60,997 shares |
Mr. Ramakanta Pradhan and Mr. Srinibas Pradhan are the company promoters.
| Share Holding Pre Issue | 85.27% |
| Share Holding Post Issue |
As per our analysis and Based on the information we have, this is the output.
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