Srinibas Pradhan IPO
Market Sentiment
Market Lot Size
IPO Details
IPO Reservation
Financial Analysis
| 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 |
| Company | P/E | EPS | Market Cap (Cr) |
|---|---|---|---|
| AVP Infracon Limited | 11.84 | 9.29 | 16 |
| Sonu Infratech Limited | 15.74 | 5.28 | 8 |
Promoters: Mr. Ramakanta Pradhan and Mr. Srinibas Pradhan
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 61,47,397 | 85.27% |
Company Information
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.
| 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
Srinibas Pradhan Constructions Ltd., C/O- Srinibas Pradhan, Near Chuakani Po-Lamtibaha,, Jharsuguda, Jharsuguda,, Jharsuguda, Odisha, 768216
Srinibas Pradhan has set a price band of Rs 91–Rs 98 per share for an issue size of Rs 20 crore. The stock listed with a 2.09% gain versus its issue price on March 13, 2026.
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 issue is promoted by Mr. Ramakanta Pradhan and Mr. Srinibas Pradhan with Novus Capital Advisors Private Limited acting as lead manager. Net proceeds will primarily be used towards Funding the working capital requirements of the Company. (Rs 12 crore) and Repayment of portion of loan availed by our Company (Rs 1 crore).
Current grey market activity shows a flat premium, indicating muted unofficial demand. Final subscription data records overall subscription at 1.19x, retail at 0.69x, QIB at 1.12x, NII at 1.68x.
On fundamentals, the company is posting revenue growth of 154.4%, a profit margin of 7.3%, return on equity of 55.8% in its most recent reported period. Listed peers in this segment include AVP Infracon Limited (P/E 11.84x, market cap Rs 16 crore) and Sonu Infratech Limited (P/E 15.74x, market cap Rs 8 crore) — 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.
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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