Annu Projects IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
Financial Analysis
| Metric | 2024 (Consolidated) | 2025 (Consolidated) | 2026 (Standalone) |
|---|---|---|---|
| Revenue | 155.42 | 182.35 | 244.59 |
| Expense | 131.00 | 154.14 | 198.42 |
| Profit (PAT) | 17.39 | 21.10 | 33.03 |
| Total Assets | 161.34 | 233.37 | 341.82 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Likhitha Infrastructure Limited | 9.94 | 23.17 | 9.37 | 104.47 | 456.73 Cr |
| Bondada Engineering Limited | 18.28 | 16.60 | 28.82 | 62.35 | 2,842.81 Cr |
| EMS Limited | 16.30 | 24.65 | 8.62 | 190.03 | 732.75 Cr |
| Suyog Telematics Limited | 54.70 | 16.11 | 12.88 | 42.50 | 221.85 Cr |
Promoters: Sanjay Kumar Sarraf and Krishna Ranjan
Strengths & Risks
- Revenue grew 34% in the latest reported year.
- Solid profit margin — 13.5%.
- Strong return on equity — 21%.
Our metrics didn't flag a major concern for Annu Projects from the disclosed data — but this isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Annu Projects Limited, formerly known as Annu Infra Construct (India) Private Limited, was established in 2003. The company is involved in the design, development, implementation, operations, and maintenance of essential overhead and underground utilities infrastructure across telecom infrastructure, sewerage infrastructure, and gas pipeline verticals. With over 20 years of experience, the company has built strong expertise in executing infrastructure projects and has diversified its revenue across the telecom infrastructure, sewerage, and gas pipeline sectors.
| Purpose | Amount (Cr) |
|---|---|
| Funding capital expenditure requirements of our Company for purchase of machinery or equipment | 15.41 |
| Funding working capital requirements of our Company | 115.00 |
| General Corporate Purpose | - |
Resources & Documents
Annu Projects Ltd., B-1, Plot No. 11,, Local Shopping Complex Vasant Kunj,, South Delhi, New Delhi, 110070
Annu Projects has set a price band of Rs 94–Rs 99 per share for an issue size of Rs 175 crore. The stock listed with a 27.27% discount versus its issue price on September 02, 2026.
Annu Projects Limited, formerly known as Annu Infra Construct (India) Private Limited, was established in 2003. The company is involved in the design, development, implementation, operations, and maintenance of essential overhead and underground utilities infrastructure across telecom infrastructure, sewerage infrastructure, and gas pipeline verticals.
The issue is promoted by Sanjay Kumar Sarraf and Krishna Ranjan with Mefcom Capital Markets Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding capital expenditure requirements of our Company for purchase of machinery or equipment (Rs 15 crore) and Funding working capital requirements of our Company (Rs 115 crore).
Grey market is quoting a discount of Rs -5 (-5.1% over issue price), down Rs 9 from the previous session. Final subscription data records overall subscription at 2.93x, retail at 2.67x, QIB at 1.72x, NII at 3.55x.
On fundamentals, the company is posting revenue growth of 34.1%, a profit margin of 13.5%, return on equity of 21.3% in its most recent reported period. Listed peers in this segment include Likhitha Infrastructure Limited (P/E 23.17x) and Bondada Engineering Limited (P/E 16.60x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as an Avoid view — key indicators are weak enough that the risk-reward looks unfavourable for now. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Annu Projects IPO GMP — What It Means
The latest grey market premium for Annu Projects IPO is ₹-5 (-5.1%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Annu Projects it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Annu Projects GMP history and trend, or learn how grey market premium works and how reliable it is.
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