Srinibas Pradhan Constructions Ltd IPO

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:

  • Roads and Highways: Construction of rural, major district, and urban roads using high-quality materials such as aggregates, sand, tar, and cement to ensure long-lasting and reliable infrastructure.
  • Bridges and Steel Structures: Execution of high-level bridges and steel structures for bridges and industrial sheds.
  • Civil Construction: Delivery of comprehensive civil construction services including foundations, superstructures, multi-storied buildings, factories, and industrial facilities.

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:

  • Established Reputation
  • Experienced Workforce
  • Strong Backward Integration
  • Diverse Portfolio

Company Financials (Restated Consolidated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets56.6755.7620.836.50
Total Income45.6389.7335.2726.35
Profit After Tax4.116.593.551.48
EBITDA7.6413.015.582.15
NET Worth22.0115.917.722.67
Reserves and Surplus15.8711.553.572.57
Total Borrowing17.1717.251.880.06
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

#Issue ObjectsEst Amt (₹ Cr.)
1Funding the working capital requirements of the Company.11.55
2Repayment of portion of loan availed by our Company1.00
3General Corporate Purpose. 
 Total12.55

Key Performance Indicator (KPI)

KPISep 30, 2025Mar 31, 2025
ROE21.67%55.76%
ROCE29.79%71.01%
Debt/Equity0.781.08
RoNW21.67%55.76%
PAT Margin9.01%7.34%
EBITDA Margin16.76%14.50%
Price to Book Value 3.58
 Pre IPOPost IPO
EPS Rs10.7110.45
P/E (x)9.159.37

Srinibas Pradhan IPO Details

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

Srinibas Pradhan IPO Promoter Holding

Mr. Ramakanta Pradhan and Mr. Srinibas Pradhan are the company promoters.

Share Holding Pre Issue85.27%
Share Holding Post Issue 

SHARIAH SCREENING for - Srinibas Pradhan Constructions Ltd. IPO

BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
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