Srinibas Pradhan Constructions IPO Subscription Day 1

Posted by : Ekta Dhawan | Fri Mar 06 2026

Here, the Srinibas Pradhan Constructions IPO launched on 6th March 2026. Bidding for the issue will close today, 10th March 2026. The primary aim of the Srinibas Pradhan Constructions IPO is to raise ₹20.32 crores from the market. Also, the Srinibas Pradhan Constructions IPO has received an impressive level of subscription, indicating that the shares will be listed at an impeccable premium. Scroll down to check the Srinibas Pradhan Constructions IPO subscription and details.

Table of Contents

Srinibas Pradhan Constructions IPO Details

IPO Open Date	6th March 2026
Face Value	₹10 per share
Price Band	₹91 to ₹98
Lot Size	1,200 shares
Issue Type	Bookbuilding IPO
Listing At	NSE & SME
IPO Close Date	10th March 2026
Listing Date	13th March 2026

The price band for Srinibas Pradhan Constructions IPO has been set at ₹91 to ₹98 per share, and a total of 20,73,600 shares are being issued. Let’s segregate the share quota fixed for different categories of investors.

Investor Categories	Shares Offered	Shares Percentage
Market Maker Shares Offered	1,04,00	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 Constructions IPO Subscription Status

As of now, the Srinibas Pradhan Constructions IPO has been subscribed to 0.01 times. Of these, 0.01 times are subscribed by retail investors, 0.01 times by non-institutional investors, and 0.00 times by QII (Qualified Institutional Investors).

The healthy subscription status indicates that investors are expecting higher returns at the time of Srinibas Pradhan Constructions’s IPO listing on 13th March 2026. Srinibas Pradhan Constructions also has a positive outlook behind the fresh issue of 0.17 crore shares, which will raise around Rs 20.32 crores.

Srinibas Pradhan Constructions IPO GMP Today

We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the Srinibas Pradhan Constructions IPO GMP for 6th March 2026.

The grey market premium for this IPO falls at 0.00, or Rs 0.00 per share. It indicates that the estimated listing price per share is Rs 98. Numerous factors played a pivotal role in this jump in the GMP of Srinibas Pradhan Constructions IPO. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs.

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%

About Srinibas Pradhan Constructions 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 Backwards 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.

Technical Indicators

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Srinibas Pradhan Constructions 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.

Srinibas Pradhan Constructions IPO Listing Expectations

Srinibas Pradhan Constructions IPO Highlights: IPO allotment is still pending, as the bid will close today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A flat of 0.00% in Srinibas Pradhan Constructions Highlight GMP suggests the estimated listing price per share will be around Rs. 98.

It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation.

Srinibas Pradhan Constructions IPO Dates

IPO Open Date	6th March 2026
IPO Close Date	10th March 2026
Allotment	11th March 2026
Refund Date	12th March 2026
IPO Listing Date	13th March 2026

Note: IPO GMP is volatile and depends on market sentiment. Hence, one should conduct their research before investing in it.