Srinibas Pradhan Construction IPO Day 1: GMP Flat | Live Updates

Posted by : Ekta Dhawan | Fri Mar 06 2026

The Srinibas Pradhan Construction IPO GMP is ₹0 as of 6th March 2026. It is a book-building issue IPO of ₹20.32 crores. This is an entirely fresh issue of 0.17 crore shares. The issue will be listed on NSE and SME on its tentative listing date, 13th March 2026. The face value of Srinibas Pradhan Construction IPO shares is ₹10 per share, and the IPO price band is ₹91 to 98 per share. Retail investors can bid for a minimum of 2 lots of 2,400 shares worth ₹2,35,200. Scroll down to check the Srinibas Pradhan Construction IPO GMP and subscription details.

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Srinibas Pradhan Construction IPO GMP Grey Market Premium

As mentioned earlier, the Srinibas Pradhan Construction IPO GMP currently stands at ₹0.00 per share. Thus, the estimated listing price would be at ₹98.00. This indicates that the estimated listing gain in this IPO could be 0.00%. Explore the table for Srinibas Pradhan Construction IPO GMP updates.

GMP DATE	IPO Price	GMP Price	Estimated Listing Price	Estimated Gain
6-3-3036	₹98.00	₹0.00	₹98.00	0.00%
5-3-2026	₹98.00	₹0.00	₹98.00	0.00%
4-3-2026	₹98.00	₹0.00	₹98.00	0.00%
3-3-2026	₹98.00	₹0.00	₹98.00	0.00%
2-3-2026	₹98.00	₹0.00	₹98.00	0.00%
1-3-2026	₹98.00	₹0.00	₹98.00	0.00%
28-2-2026	₹98.00	₹0.00	₹98.00	0.00%

Note: GMP details are subject to change in response to market conditions and fluctuations. Check the live GMP status of the Srinibas Pradhan Construction IPO at Univest.

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Srinibas Pradhan Construction IPO Details

IPO Allotment Date	11th March 2026
IPO Open Date	6th March 2026
IPO Close Date	10th March 2026
Refund Initiation	12th March 2026
Issue Size	20,73,600 shares(agg. up to ₹20 Cr)
Face Value	₹10 per share
Lot Size	1,200 Shares
Issue Price	₹91 to ₹98 per share
Issue Type	Bookbuilding IPO
Listing At	NSE & SME
Listing Date	13th March 2026

Also Read: Srinibas Pradhan Construction IPO GMP & Review: Apply or Avoid?

Explanation

Srinibas Pradhan Construction IPO: Srinibas Pradhan Construction IPO Limited has declared an issue price band of ₹91 to ₹98 per share. With this IPO, the company allows retail investors to bid for at least 2 lots of 2,400 shares, each worth ₹2,35,200. The face value of Srinibas Pradhan Construction IPO Limited shares is ₹10 per share. The shares of Srinibas Pradhan Construction IPO Limited will be listed on NSE and SME on its tentative listing day, 13th March 2026. Scroll down to check GMP updates and Srinibas Pradhan Construction IPO reviews.

About Srinibas Pradhan Construction Ltd.

Srinibas Pradhan Constructions Limited (SPCL) operates in the infrastructure and utilities sector, specialising in the execution of projects related to roads, highways, bridges, electricity infrastructure, and mining infrastructure. 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.

Established Reputation
Experienced Workforce
Strong Backward Integration
Diverse Portfolio

Srinibas Pradhan Construction Limited Financials

The company’s financial analysis is essential before applying for the Srinibas Pradhan Construction IPO. See the table for Srinibas Pradhan Construction Limited’s financials.

Year Ended	31st Dec 2025 (in cr.)	31st March 2025 (in cr.)	31st March 2024 (in cr.)	31 Mar 2023 (in cr.)
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 Borrowings	17.17	17.25	1.88	0.06

Explanation

Srinibas Pradhan Construction Limited’s revenue increased by 35% from ₹35.27 crores in March 2024 to ₹89.73 crores in March 2025. Moreover, the company’s PAT increased by 12% from ₹3.55 crore in March 2024 to ₹6.59 crore in March 2025.

Srinibas Pradhan Construction IPO Objectives

The primary aim of the Srinibas Pradhan Construction IPO is to raise ₹20.32 crores.

To meet working capital requirements
To meet general corporate expenses
Funding the working capital requirements of the Company.

Srinibas Pradhan Construction IPO Registrar

Maashitla Securities Private Limited is the registrar for the Srinibas Pradhan Construction IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Srinibas Pradhan Construction allotment and refund, you can contact Maashitla Securities Private Limited at Investor.ipo@maashitla.com or +91-11-45121795-96.

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Srinibas Pradhan Construction IPO Review

Srinibas Pradhan Construction IPO: Apply or Avoid

The Srinibas Pradhan Construction IPO has gained neutral ratings from industry experts, brokers, and institutional investors. Srinibas Pradhan Construction Limited’s revenue increased by 35% from ₹35.27 crores in March 2024 to ₹89.73 crores in March 2025. Moreover, the company’s PAT increased by 12% from ₹3.55 crore in March 2024 to ₹6.59 crore in March 2025.

Most analysts recommend applying for this IPO to diversify your investment portfolio. However, we’re waiting for additional ratings to get a clearer picture and will keep posting them to deliver real-time insights. Until then, you can explore the company’s technical analysis to know whether you should apply for the Srinibas Pradhan Construction IPO or not.

Key Indicators	Value
PE Ratio (Price-to-Earnings)	9.15
EPS (Earnings Per Share)	10.71
RoNW	21.67%
ROCE	29.79%
ROE	21.67%
EBITDA Margin	16.76%
Price to Book Value	–
Market Capitalisation	₹77.04 Cr.

The P/E ratio of Srinibas Pradhan Construction Limited shares is 9.15, and its Earnings Per Share (EPS) stands at 10.71. Thus, the Srinibas Pradhan Construction IPO can deliver gains on its tentative listing date, 13th March 2026.

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Srinibas Pradhan Construction Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.

Indicators	Pre-IPO	Post-IPO
PE Ratio	9.15	9.37
EPS	10.71	10.45

FAQs

What is the Srinibas Pradhan Construction IPO GMP?

Currently, on 6th March 2026, the Srinibas Pradhan Construction IPO GMP (Grey Market Premium) stands at ₹0.00. This indicates that the estimated listing price could be ₹98.00 per share.

What is the issue Size of the Srinibas Pradhan Construction IPO?

Ans. Srinibas Pradhan Construction IPO is a bookbuilding IPO of ₹20.32 crores. Moreover, the IPO is set to open on 6th March 2026 and close on 10th March 2026.

Who is the registrar of the Srinibas Pradhan Construction IPO?

Ans. Maashitla Securities Private Limited is the registrar for the Srinibas Pradhan Construction IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Srinibas Pradhan Construction allotment and refund, you can contact Maashitla Securities Private Limited at Investor.ipo@maashitla.com or +91-11-45121795-96.

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Srinibas Pradhan Construction IPO, download the Srinibas Pradhan Construction IPO RHP and Srinibas Pradhan Construction IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.