Srinibas Pradhan IPO
Market Sentiment
IPO Details
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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 | EPS | P/E | Market Cap (Cr) |
|---|---|---|---|
| AVP Infracon Limited | 9.29 | 11.84 | 16 |
| Sonu Infratech Limited | 5.28 | 15.74 | 8 |
Promoters: Mr. Ramakanta Pradhan and Mr. Srinibas Pradhan
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 61,47,397 | 85.27% |
Strengths & Risks
- Revenue grew 154% in the latest reported year.
- Strong return on equity — 56%.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
- Elevated leverage — debt/equity of 1.08.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
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
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.
Srinibas Pradhan Constructions Ltd., C/O- Srinibas Pradhan, Near Chuakani Po-Lamtibaha,, Jharsuguda, Jharsuguda,, Jharsuguda, Odisha, 768216
| 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 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).
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.
On our data-signal score, the combined signals for this issue currently read weak — several key indicators are reading below average. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Srinibas Pradhan IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
See the full Srinibas Pradhan GMP history and trend, or learn how grey market premium works and how reliable it is.
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