LCC Projects IPO
Market Sentiment
IPO Details
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Financial Analysis
| Metric | 2022 | 2023 | 2024 | September 2024 |
|---|---|---|---|---|
| Revenue | 796.22 | 1,234.64 | 2,449.79 | 1,484.54 |
| Expense | 741.94 | 1,142.87 | 2,241.87 | 1,330.24 |
| Profit (PAT) | 35.33 | 68.22 | 122.00 | 117.95 |
| Total Assets | 473.29 | 803.61 | 1,129.99 | 1,453.94 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Vishnu Prakash R Punglia Limited | 10.95 | 15.72 | 16.95 | 57.85 | 1,473.87 Cr |
| Enviro Infra Engineers Limited | 8.13 | 28.14 | 36.43 | 21.35 | 728.92 Cr |
Promoters: Arjan Suja Rabari, Laljibhai Arjanbhai Ahir and Maya Arjan Rabari
Strengths & Risks
- Revenue grew 98% in the latest reported year.
- Strong return on equity — 32%.
- Elevated leverage — debt/equity of 1.10.
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
LCC Projects, founded in 2017, is an engineering, procurement, and construction (“EPC”) firm that works mainly on irrigation and water supply projects. Its projects include construction of dams, barrages, weirs, hydraulic structures, canals, pipe distribution networks, lift irrigation works, water supply schemes, and other EPC projects. As of September 2024, the firm has completed 68 projects, of which the Sondwa Lift Micro Irrigation Project, Sidhi Bansagar Multi–Village Scheme, and Gandhi Sagar 1 Multi-Village Scheme are the top three. Moreover, LCC has also completed various notable projects such as the construction of the Tawa Left Bank Canal, Parbati Dam Project, Dudhai Sub Branch Canal Project, and AKOT Lift Irrigation Scheme. In FY22, the firm was operating in 8 states, and by FY24, it had expanded to 11 states: Gujarat, Madhya Pradesh, Odisha, Rajasthan, Maharashtra, Uttar Pradesh, Karnataka, Jharkhand, Chhattisgarh, Himachal Pradesh, and Haryana.
| Purpose | Amount (Cr) |
|---|---|
| Purchase of equipment. | 14.91 |
| Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company. | 220.00 |
| General corporate purposes. | - |
Resources & Documents
LCC Projects Ltd., ‘B’ Wing,15th Floor, Privilon Building,, Vikram Nagar AmbliBopal Road,, Behind ISKCON Temple,, Ahmedabad, Gujarat, 380058
LCC Projects is preparing a mainboard offering. The Mainboard issue is scheduled to open for subscription on September 09, 2026 — 6 days from now.
LCC Projects, founded in 2017, is an engineering, procurement, and construction (“EPC”) firm that works mainly on irrigation and water supply projects. Its projects include construction of dams, barrages, weirs, hydraulic structures, canals, pipe distribution networks, lift irrigation works, water supply schemes, and other EPC projects.
The issue is promoted by Arjan Suja Rabari, Laljibhai Arjanbhai Ahir and Maya Arjan Rabari with Motilal Oswal Investment Advisors Ltd. acting as lead manager. Net proceeds will primarily be used towards Purchase of equipment. (Rs 15 crore) and Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Co… (Rs 220 crore).
On fundamentals, the company is posting revenue growth of 98.4%, a profit margin of 5.0%, return on equity of 31.9% in its most recent reported period. Listed peers in this segment include Vishnu Prakash R Punglia Limited (P/E 15.72x) and Enviro Infra Engineers Limited (P/E 28.14x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
LCC Projects IPO GMP — What It Means
No active grey market premium has been recorded for LCC Projects IPO yet. GMP is an unofficial, dealer-quoted indicator of expected listing-day demand — not a guaranteed listing price — and it can change quickly once bidding opens.
See the full LCC Projects GMP history and trend, or learn how grey market premium works and how reliable it is.
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