India’s infrastructure sector continues to be a key driver of economic growth. Increasing government investment in highways, bridges, urban infrastructure and industrial development projects has created significant opportunities for construction companies involved in civil engineering and infrastructure development.
Over the past few years, infrastructure spending has increased across both central and state government projects, particularly in roads, irrigation systems and industrial infrastructure. This growth has provided strong order book opportunities for construction companies executing public and private sector projects.
Against this backdrop, Srinibas Pradhan Constructions Limited is set to open its IPO on March 6, 2026. Here is a detailed insight into Srinibas Pradhan Constructions Limited, its IPO, and the industry outlook.
About Srinibas Pradhan Constructions Ltd.
Incorporated in 2020, Srinibas Pradhan Constructions Limited operates in the infrastructure and utilities sector, focusing on the execution of civil and infrastructure development projects.
The company undertakes projects related to roads, highways, bridges, electricity infrastructure and mining infrastructure.
The company participates in competitive bidding processes for infrastructure projects across the state of Odisha, serving government departments, public sector undertakings and private clients.
Core Business Activities
Roads and Highways
Construction of rural roads, district roads and urban roads using materials such as aggregates, sand, tar and cement to ensure durable infrastructure.
Bridges and Steel Structures
Execution of bridge projects including high level bridges and steel structures used in industrial infrastructure.
Civil Construction
Construction of foundations, superstructures, multi storey buildings, industrial facilities and infrastructure structures.
The company’s project portfolio includes roads, bridges, irrigation projects, canal works, civil construction and industrial infrastructure projects.
As of February 15, 2026, the company reported a consolidated order book of ₹184.07 crore.
Competitive Strengths
• Established reputation in infrastructure development projects
• Experienced workforce with project execution expertise
• Strong backward integration capabilities
• Diversified infrastructure project portfolio
Srinibas Pradhan Constructions Ltd. IPO Details
Srinibas Pradhan Constructions IPO is a book building issue of ₹20.32 crore.
The issue consists of:
• Fresh Issue: 17,13,600 shares aggregating to ₹16.79 crore
• Offer for Sale: 3,60,000 shares aggregating to ₹3.53 crore
The IPO price band is ₹91 to ₹98 per share.
The IPO is managed by Novus Capital Advisors Private Limited, while Maashitla Securities Pvt. Ltd. is the registrar to the issue. The market maker for the issue is Rikhav Securities Ltd.
Important IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | March 6, 2026 |
| IPO Close Date | March 10, 2026 |
| Allotment Date (Tentative) | March 11, 2026 |
| Initiation of Refunds | March 12, 2026 |
| Credit of Shares to Demat | March 12, 2026 |
| Listing Date (Tentative) | March 13, 2026 |
| Cut off time for UPI mandate confirmation | 5 PM on March 10, 2026 |
Key IPO Details
| Particular | Details |
|---|---|
| Face Value | ₹10 per share |
| Price Band | ₹91 to ₹98 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 20,73,600 shares (₹20.32 Cr) |
| Fresh Issue | 17,13,600 shares |
| Offer for Sale | 3,60,000 shares |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Market Cap (Pre IPO) | ₹77.04 Cr |
Lot Size of Srinibas Pradhan Constructions Ltd. IPO
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,35,200 |
| Retail (Max) | 2 | 2,400 | ₹2,35,200 |
| HNI (Min) | 3 | 3,600 | ₹3,52,800 |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereafter.
Srinibas Pradhan Constructions Ltd. Financials
The Srinibas Pradhan Constructions IPO has a pre issue market capitalisation of ₹77.04 crore.
As of September 30, 2025, the company has demonstrated steady financial growth supported by project execution across infrastructure development segments.
Key Company Financials (₹ Crore)
| 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
Key Performance Indicators (KPI)
| KPI | 30 Sep 2025 | 31 Mar 2025 |
|---|---|---|
| ROE | 22.53% | 41.42% |
| ROCE | 24.16% | 42.39% |
| Debt to Equity | 0.78 | 1.08 |
| RoNW | 18.67% | 41.42% |
| PAT Margin | 9.01% | 7.34% |
| EBITDA Margin | 16.75% | 14.50% |
| Price to Book Value | 3.50 | 4.83 |
Srinibas Pradhan Constructions Ltd.: Industry Outlook
• Increasing government spending on highways, bridges and civil infrastructure projects.
• Rising investments in national highways and rural road development programmes.
• Infrastructure development initiatives across states under central government schemes.
• Growing demand for civil construction services across transportation and industrial infrastructure projects.
• Increasing opportunities for construction companies executing government infrastructure projects.
Conclusion
Srinibas Pradhan Constructions Limited operates in the infrastructure development sector with projects spanning roads, bridges and civil construction works. The company has developed experience in executing infrastructure projects and maintains an order book across multiple infrastructure segments.
While the company has shown growth in its financial performance and project execution capabilities, investors should consider project execution risks, dependency on government infrastructure spending and valuation factors before making investment decisions.
