
Construction · NSE
Incorporated in 2020, Srinibas Pradhan Constructions Limited (SPCL) works in the infrastructure and utilities sector and focuses on projects related to roads, highways, bridges, electricity and mining infrastructure. The company mainly develops rural, district and urban roads using quality materials like aggregates, sand, tar and cement to build durable infrastructure. It also undertakes construction of high level bridges and steel structures for bridges and industrial sheds. Along with this, SPCL provides complete civil construction services such as foundations, superstructures, multi storey buildings, factories and other industrial projects. The company takes part in competitive bidding for infrastructure projects across Odisha and serves state government departments, public sector undertakings and private corporate clients. Its project portfolio includes roads, bridges, irrigation and canal works, civil construction and industrial development, and as of 15 February 2026, the company has a consolidated order book of Rs. 18,406.95 lakhs.
Price Band
₹91 – ₹98
Issue Size
₹207.36 L Cr
Lot Size
1200 shares
GMP
Est. Listing
₹98
at current GMP
Subscribed
1.19x
overall
Open
6 Mar 2026
Close
10 Mar 2026
Allotment
11 Mar 2026
Refund
12 Mar 2026
Demat Credit
13 Mar 2026
Listing
13 Mar 2026
Designated Registrar: Maashitla Securities Private Limited
Allotment Date
11 Mar 2026
Basis finalization
Refunds Initiate
12 Mar 2026
Mandate release
Demat Credit
13 Mar 2026
Shares in demat
Listing Debut
13 Mar 2026
Trading begins
Srinibas Pradhan Constructions Limited is bringing an initial public offering (IPO) in the Construction sector with an aggregate issue size of ₹20,73,600 Crores. The shares are offered at a price band of ₹91 to ₹98 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2026-03-10, the basis of allotment is scheduled to be finalized on 2026-03-11. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Maashitla Securities Private Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.