Srinibas Pradhan Construction IPO Review 2026: GMP Flat, Key Investor Insights
Posted by : Ekta Dhawan | Thu Mar 05 2026
Srinibas Pradhan Construction IPO is open for bidding from 6th March 2026 to 10th March 2026. It is a bookbuild issue IPO of ₹20.32 crore, comprising 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.
Srinibas Pradhan Construction IPO Details
The Srinibas Pradhan Construction IPO date is scheduled from 6th March 2026 to 10th March 2026. The face value of Srinibas Pradhan Construction shares stands at ₹10 per share, and the IPO Issue price band is set at ₹91 to ₹98 per share
Maashitla Securities Private Limited is the registrar of the Srinibas Pradhan Construction IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
| 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 |
Srinibas Pradhan Construction IPO Share Reservation
Srinibas Pradhan Construction IPO is a bookbuilding issue of 0.17 crore shares, worth ₹20.32 crore. Srinibas Pradhan Construction IPO Limited shares will be listed on the NSE and the SME. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
| Investor Categories | Shares Offered | Shares Percentage |
| Market Marker Shares Offered | 1,04,400 | 5.03% |
| QIB Shares Offered | 19,200 | 0.93% |
| NII (HNI) Shares Offered | 9,75,600 | 47.05% |
| Retail Shares Offered | 9,74,400 | 46.99% |
| Total Shares Offered | 20,73,600 | 100.00% |
Srinibas Pradhan Construction IPO GMP Grey Market Premium
GMP is the gap between the issue price band and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Srinibas Pradhan Construction IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
| GMP DATE | IPO Price | GMP Price | Estimated Listing Price | Estimated Gain |
| 10-3-2026 | – | – | – | – |
| 9-3-2026 | – | – | – | – |
| 8-3-2026 | – | – | – | – |
| 7-3-2026 | – | – | – | – |
| 6-3-2026 | ₹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% |
| 27-2-2026 | ₹98.00 | ₹0.00 | ₹98.00 | 0.00% |
As of 6th March 2026, the Srinibas Pradhan Construction IPO GMP stands at ₹0 per share, indicating the share will likely list at ₹98.00 on its tentative listing date, 13th March 2026.
GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Srinibas Pradhan Construction IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends.
Srinibas Pradhan Construction IPO GMP Review
Check out the detailed Srinibas Pradhan Construction GMP IPO review for a thorough understanding of its potential to report listing gains on 13th March 2026. The Srinibas Pradhan Construction IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the business’s economic growth and decline before applying for the Srinibas Pradhan Construction IPO.
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 has shown consistent revenue growth, indicating the company’s financial stability. Moreover, brokers, investors, and RAs have a positive outlook for the Srinibas Pradhan Construction IPO, with its tentative listing day set for 13th March 2026.
Technical Analysis
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Srinibas Pradhan Construction IPO.
| 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 |
Srinibas Pradhan Construction IPO Subscription Status
The Srinibas Pradhan Construction IPO will open for bidding on 6th March 2026. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Srinibas Pradhan Construction IPO Subscription Status.
| Investor Categories | Shares Offered | Shares Subscribed | Subscription to the Times |
| Market Marker Shares Offered | 1,04,400 | Yet to be announced | Yet to be announced |
| QIB Shares Offered | 19,200 | Yet to be announced | Yet to be announced |
| NII (HNI) Shares Offered | 9,75,600 | Yet to be announced | Yet to be announced |
| Retail Shares Offered | 9,74,400 | Yet to be announced | Yet to be announced |
| Total Shares Offered | 20,73,600 | Yet to be announced | Yet to be announced |
About Srinibas Pradhan Construction Limited
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 Limited IPO Promoter Holdings
Mr. Ramakanta Pradhan and Mr. Srinibas Pradhan are the company promoters.
| Shareholding Pre-Issue | 85.27% |
| Shareholding Post-Issue | – |
Note: The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue.
Aim of the Srinibas Pradhan Construction IPO
The primary aim of the Srinibas Pradhan Construction IPO is to raise ₹25.03 crores. The secondary objective of Srinibas Pradhan Construction IPOa are:
- Funding the working capital requirements of the Company.
- Repayment of a portion of the loan availed by our Company
- General Corporate Purpose.
Should I Invest in the Srinibas Pradhan Construction IPO?
Explore the pros and cons of Srinibas Pradhan Construction to decide whether to apply or avoid the issue. These pros and cons might help you understand the IPO’s efficiency in delivering profits over the coming decades.
Pros of the Srinibas Pradhan Construction IPO
- Strong presence in infrastructure projects, including roads, bridges, and civil construction.
- Experienced promoters and management with over two decades of experience in the industry.
- Healthy order book from government agencies and private companies, providing revenue visibility.
- Skilled manpower and execution capabilities in infrastructure projects.
- Improving financial performance with growing revenue, profits, and net worth in recent years.
Cons of the Srinibas Pradhan Construction IPO
- Heavily dependent upon government orders obtained through competitive tenders.
- Business operations centred in the state of Odisha.
- Dependent upon key promoters to drive business growth
- The construction business is capital-intensive and requires high working capital.
- Adverse cash flows in the past and increasing borrowings may have an adverse effect on financial stability.
How to Apply for the Srinibas Pradhan Construction IPO?
Check the steps mentioned below to apply for Srinibas Pradhan Construction Ltd.
- Step 1: Conduct thorough research on the Srinibas Pradhan Construction IPO GMP, subscription status, issue size, lot size, and other details.
- Step 2: Open a demat account with Univest to access real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Make a bid for 2 lots of 2,400 shares worth ₹2,35,200.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Srinibas Pradhan Construction IPO across multiple demat accounts to increase your chances of allotment.
How to Check the Srinibas Pradhan Construction IPO Allotment Status?
You can check for the Srinibas Pradhan Construction IPO allotment in different ways. These include NSE and the registrar portal. Follow the steps below to check your allotment status online.
Check On NSE
- Visit the NSE Official Site
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the Srinibas Pradhan Construction IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Srinibas Pradhan Construction IPO allotment status.
Let’s Wrap
Srinibas Pradhan Construction IPO is a book-building issue of shares worth ₹20.32 crore. The shares of Srinibas Pradhan Construction Limited will be listed on the NSE and SME on its tentative listing date of 13th March 2026. Researching the Srinibas Pradhan Construction IPO GMP and reviews is highly recommended to achieve your desired profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on Srinibas Pradhan Construction IPO
How is the Srinibas Pradhan Construction IPO?
Ans. Currently, on 9th March 2026, the Srinibas Pradhan Construction GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹98.00 per share. It is a book-build issue of ₹20.32 shares. The face value of each Srinibas Pradhan Construction share is ₹10.
What is the Srinibas Pradhan Construction IPO price?
Ans. The Srinibas Pradhan Construction IPO issue price band is set at ₹91 to ₹98 per share.
Is the Srinibas Pradhan Construction IPO a good investment?
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.
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.
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.
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.
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