Srinibas Pradhan Constructions Limited
ListedSMEConstruction · 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
Last updated 7 months ago
Overall Subscription
1.19x
Total Demand
QIB Multiplier
1.13x
Institutions & Funds
NII / HNI
1.68x
High Net-Worth
Retail (RII)
0.69x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 19,200 | 21,600 | 1.13x |
| NIB | 975,600 | 1,635,600 | 1.68x |
| HNIs(10L +) | 650,400 | 1,546,800 | 2.38x |
| HNIs (2-10L) | 325,200 | 88,800 | 0.27x |
| RETAIL | 974,400 | 676,800 | 0.69x |
| Total | 2,944,800 | 3,969,600 | 1.19x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 1 | 0.00x |
| NIB | — | 26 | 0.00x |
| RETAIL | 406 | 282 | 0.69x |
| HNIs(10L +) | 181 | 10 | 0.06x |
| HNIs (2-10L) | 90 | 16 | 0.18x |
| Total Applications | 677 | 335 | 0.49x |
Day-Wise Subscription Progress
About Srinibas Pradhan Constructions Limited Public Issue & Market Profile
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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.
Frequently Asked Questions
What is the issue size and price band for Srinibas Pradhan Constructions Limited IPO?
The Srinibas Pradhan Constructions Limited IPO aggregate issue size is ₹20,73,600 Crores with an equity price band set at ₹91 to ₹98 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,17,600.
How can I check Srinibas Pradhan Constructions Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
Where will Srinibas Pradhan Constructions Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Maashitla Securities Private Limited) and the BSE status verification website on or around 2026-03-11.