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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹20.32 Cr |
| Reserved for Market Maker | ₹1.02 Cr |
| Net Issue Size | ₹20.32 Cr |
| Fresh Issue | ₹15.77 Cr |
| Offer for Sale | ₹3.53 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹91.00-98.00 per share |
| NSE Code | SPCON |
| Registrar | Maashitla Securities Pvt.Ltd. |
| Lead Managers | Novus Capital Advisors Pvt.Ltd. |
| Allotment Status |
| DRHP |
| RHP |
| Final Prospectus |
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Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,400 shares · Multiples of 1,200 shares
Incorporated in 2020, Srinibas Pradhan Constructions Limited (SPCL) is an infrastructure and utilities company engaged in delivering projects across transportation, energy, and industrial sectors.
Core Operations
SPCL focuses on executing a diverse range of infrastructure projects, primarily including:
The company secures projects through competitive tendering processes and undertakes assignments across Odisha. Its clients include state government departments, central and state public sector enterprises, as well as private sector organizations.
SPCL’s project portfolio spans road and bridge construction, irrigation and canal systems, civil infrastructure, and industrial development projects.
The company has an order book of Rs. 18,406.95 lakhs.
Competitive strengths:
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 | 2.21 |
| 4 | Issue Expenses | 2.03 |
| Total | 16.79 |
| 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 | ||||
| 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 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 10.71 | 10.45 |
| P/E (x) | 9.15 | 9.37 |
| Promoter Holding | 85.27% | 62.1% |
| Market Cap | ₹77.04 Cr. | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Manager | 0.75 |
| 2 | Fees Payable for Underwriting commission | 1.02 |
| 3 | Fees payable to the Legal Advisor to the Offer | 0.02 |
| 4 | Fees payable to the Registrar to the Offer | 0.01 |
| 5 | Advertising and Marketing Expenses | 0.05 |
| 6 | Fees payable to the Regulators including stock exchanges | 0.07 |
| 7 | Selling commission and processing fees for SCSBs | 0.03 |
| 8 | Payment for Printing and Distribution of Offer Stationary | 0.02 |
| 9 | Other (Fees payable to Peer Review Auditor, Brokerage, Processing Fees for application and miscellaneous expenses) | 0.07 |
| Total | 2.03 |
Last Updated on 30-Mar-2026 13:53:59
