Srinibas Pradhan IPO

Listed SME
Open Mar 06
Close Mar 10
Allotment Mar 11
Refund Mar 12
Listing Mar 13

Market Sentiment

Grey Market Premium What is GMP?
+Rs 0
+0.0%
Est. Listing: Rs 98
Updated: Mar 06, 2026 12:02 pm
View Full GMP History →
Subscription Status
QIB
1.12x
bNII (>10L)
2.38x
sNII (2-10L)
0.27x
Retail
0.69x
Total
1.19x
Updated: Mar 10, 2026 4:51 pm IST
Analysis Score 37 / 100
Avoid
Data: 78%
GMP Score 40
Subscription Score 25
Financial Health 66

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 2 2,400 ₹2,35,200
Retail Maximum 2 2,400 ₹2,35,200
S-HNI Minimum 3 3,600 ₹3,52,800
S-HNI Maximum 8 9,600 ₹9,40,800
B-HNI Minimum 9 10,800 ₹10,58,400

IPO Details

Issue Price₹91-98 per equity share
Face Value₹10 Per Equity Share
Lot Size 2400 shares (Min ₹2,35,200)
Total Issue Size ₹20.32 crore
Fresh Share₹16.79 crore
Offer For Sale₹3.53 crore
Issue TypeBook Building Issue
Lead ManagerNovus Capital Advisors Private Limited
RegistrarMaashitla Securities Pvt.Ltd.
Listing atNSE
NSE SymbolSPCON
ISIN
Listing Price₹100.05
Listing Gain+2.09%

IPO Reservation

Category Shares Offered
QIB19,200
NII (HNI)9,75,600
bNII > ₹10L6,50,400
sNII < ₹10L3,25,200
Retail9,74,400

Financial Analysis

Financial Data
ROE
55.76%
ROCE
71.01%
Debt/Equity
1.08
NAV/Share
Rs 27.36
Revenue Growth
154.41%
Profit Margin
7.34%
Financial Performance
Metric 2023 2024 2025 Sep 2025
Revenue 26.35 35.27 89.73 45.63
Expense 24.37 30.52 80.92 40.07
Profit (PAT) 1.48 3.55 6.59 4.11
Total Assets 6.50 20.83 55.76 56.67
Values in Crores (₹)
Peer Comparison
Company P/E EPS Market Cap (Cr)
AVP Infracon Limited 11.84 9.29 16
Sonu Infratech Limited 15.74 5.28 8
Promoters & Holding Pattern

Promoters: Mr. Ramakanta Pradhan and Mr. Srinibas Pradhan

Shareholding No. of Shares Holding %
Promoter Holding Pre Issue 61,47,397 85.27%

Company Information

About Srinibas Pradhan

Srinibas Pradhan Constructions Limited (SPCL), founded in 2020, is a prominent company that works in the infrastructure and utilities sector. The firm is involved in handling projects related to roads, highways, bridges, electricity infrastructure, and mining infrastructure. The firm’s core activities include the development of infrastructure projects spanning sectors Roads and Highways, Bridges and Steel Structures, Civil Construction, and industrial development.

Objects of the Issue
Purpose Amount (Cr)
Funding the working capital requirements of the Company. 11.55
Repayment of portion of loan availed by our Company 1.00
General Corporate Purpose -

Resources & Documents

Company Contact Information

Srinibas Pradhan Constructions Ltd., C/O- Srinibas Pradhan, Near Chuakani Po-Lamtibaha,, Jharsuguda, Jharsuguda,, Jharsuguda, Odisha, 768216

Frequently Asked Questions

Srinibas Pradhan IPO is SME IPO. The company is going to raise ₹20.32 Crores via IPO. The issue is priced at ₹91 to ₹98 per equity share. The IPO is to be listed on NSE SME.

The IPO is to open on March 6, 2026 for QIB, NII, and Retail Investors. The IPO will close on March 10, 2026.

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

You can apply for Srinibas Pradhan Constructions IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

Srinibas Pradhan Constructions IPO issue size is ₹20.32 crores.

Srinibas Pradhan Constructions IPO Price Band is ₹91 to ₹98.

The minimum bid is 2400 Shares with ₹2,35,200 amount.

Srinibas Pradhan Constructions IPO allotment date is March 11, 2026.

Srinibas Pradhan IPO listing date is March 13, 2026. The IPO is to list on NSE SME.

Understanding Grey Market Premium (GMP)

The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.

How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.

Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.

Factors that influence GMP:

  • Subscription levels — Higher subscription typically drives GMP up
  • Market conditions — Bullish markets tend to boost GMP across all IPOs
  • Company fundamentals — Strong financials and growth potential attract premium
  • Industry sentiment — Positive outlook for the sector can increase demand
  • IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP

Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.

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