Last Updated on February 28, 2026 by Rajat Bhati
Srinibas Pradhan Constructions IPO Description – Srinibas Pradhan Infra (SPIPL) is an Odisha-based infrastructure development company engaged in the execution of civil construction projects across roads, highways, bridges, buildings, and allied infrastructure. The company was founded in 2001 as a proprietorship firm, primarily serving Urban Local Bodies and the Block Development Department.
A key milestone came in 2008 with registration under the Works Department, Government of Odisha, enabling participation in state-level infrastructure projects. Between 2011 and 2020, the firm expanded into multi-storied buildings, steel structures, major district roads, high-level bridges, industrial factories, and residential quarters, executing projects for the Odisha State Government, Central and State PSUs, and corporate clients through e-procurement platforms.
The company operates in a sector supported by strong macro tailwinds, including the 65,000 km road development target under Bharatmala and significant highway awards by the Ministry of Road Transport and Highways, positioning SPIPL to participate in India’s expanding infrastructure pipeline. As of 31 January 2026, the company has 154 full-time employees.
Promoters of Srinibas Pradhan Constructions – Mr. Ramakanta Pradhan, Mr. Srinibas Pradhan & Mrs. Jyotshna Pradhan
Srinibas Pradhan Constructions IPO Details
| Srinibas Pradhan Constructions IPO Dates | 6 – 10 March 2026 |
| Srinibas Pradhan Constructions Issue Price | INR 91 – 98 per share |
| Fresh Issue | 17,13,600 shares (INR 15.59 – 16.79 crore) |
| Offer For Sale | 3,60,000 shares (INR 3.28 – 3.53 crore) |
| Total IPO Size | 20,73,600 shares (INR 18.87 – 20.32 crore) |
| Minimum Bid | 2,400 shares (INR 2,35,200) |
| Lot Size | 1,200 shares (INR 1,17,600) |
| Pre-issue Shares | 61,47,397 shares |
| Face Value | INR 10 per share |
| Listing On | NSE Emerge |
SPCON IPO Category-Wise Allocation
Srinibas Pradhan Constructions Financial Performance
| FY 2023 | FY 2024 | FY 2025 | H1 FY 2026 | |
| Revenue | 26.35 | 35.27 | 89.68 | 45.59 |
| Expenses | 24.37 | 30.52 | 80.92 | 40.07 |
| Net Income | 1.48 | 3.55 | 6.59 | 4.11 |
| Margin (%) | 5.62 | 10.06 | 7.35 | 9.02 |
Srinibas Pradhan Constructions Offer News
Srinibas Pradhan Constructions Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 93.13 | 64.25 | 11.33 |
| PE Ratio | – | – | 8.03 – 8.65 |
| Price/Book Ratio | – | – | 3.33 – 3.58 |
| Current Ratio | 1.37 | 1.21 | 1.21 |
| Price/Sales Ratio | – | – | 0.80 – 0.86 |
| RONW (%) | 104.65 | 68.36 | 55.76 |
| NAV | 82.05 | 13.96 | 27.36 |
| ROCE (%) | 125.21 | 84.29 | 71.01 |
| EBITDA (%) | 8.16 | 15.81 | 14.50 |
| Debt/Equity | 0.02 | 0.24 | 1.08 |
Evaluate the quality of an IPO using these essential investing ratios to make an informed decision.
Srinibas Pradhan Constructions Offer Objectives
The company proposes to utilize net proceeds from the issue towards the following objects:
- To fund the working capital requirements of the company – INR 11.55 crore
- To repayment of the portion of the loan availed by the company– INR 1.00 crore
Srinibas Pradhan Constructions IPO GMP Today
Srinibas Pradhan Constructions IPO Subscription – Live Updates
Coming soon
The market maker reservation portion of 1,04,400 shares is not included in the above calculations.
Srinibas Pradhan Constructions IPO Allotment Status
You can check Srinibas Pradhan Constructions IPO allotment status on Maashitla Securities’ website. Click on this link to get the allotment status. Often not getting IPO allotment? Learn how to improve your IPO allotment chances.
Srinibas Pradhan Constructions IPO Dates & Listing Performance
| IPO Opening Date | 6 March 2026 |
| IPO Closing Date | 10 March 2026 |
| Finalization of Basis of Allotment | 11 March 2026 |
| Initiation of refunds | 12 March 2026 |
| Transfer of shares to demat accounts | 12 March 2026 |
| IPO Listing Date | 13 March 2026 |
| Opening Price on NSE Emerge | Coming soon |
| Closing Price on NSE Emerge | Coming soon |
Srinibas Pradhan Constructions Offer Lead Manager
NOVUS CAPITAL ADVISORS PRIVATE LIMITED
(Formerly known as Fast Track Finsec Private Limited)
Office No. V-116, 1st Floor, New Delhi House,
27, Barakhambha Road, New Delhi – 110001
Phone: +91-11-43029809
Email: [email protected]
Website: www.novuscaps.com
NOVUS CAPITAL ADVISORS PRIVATE LIMITED
(Formerly known as Fast Track Finsec Private Limited)
Office No. V-116, 1st Floor, New Delhi House,
27, Barakhambha Road, New Delhi – 110001
Phone: +91-11-43029809
Email: [email protected]
Website: www.novuscaps.com
Srinibas Pradhan Constructions Offer Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square, Netaji
Subhash Place, Pitampura, New Delhi-110034
Tel: 011-47581432
E-mail: [email protected]
Website: www.maashitla.com
Srinibas Pradhan Constructions Contact Details
SRINIBAS PRADHAN CONSTRUCTIONS LIMITED
Plot No. 813, Khata No. 106/548, Brajraj Nagar,
Chhualiberna, Jharsuguda, Belpahar – 768217, Orissa
Phone: +91 6645 251105
E-mail: [email protected]
Website: www.srinibaspradhan.com
IPO Resources
What is the Srinibas Pradhan Constructions offer size?
Srinibas Pradhan Constructions offer size is INR 15.59 – 16.79 crores.
What is the Srinibas Pradhan Constructions offer price band?
Srinibas Pradhan Constructions public offer price is INR 91 – 98 per share.
What is the lot size of the Srinibas Pradhan Constructions IPO?
Srinibas Pradhan Constructions offer lot size is 1,200 shares.
What is the Srinibas Pradhan Constructions IPO GMP today?
Srinibas Pradhan Constructions IPO GMP today is INR NA per share.
What is the Srinibas Pradhan Constructions kostak rate today?
Srinibas Pradhan Constructions kostak rate today is INR NA per application.
What is the Srinibas Pradhan Constructions IPO Subject to Sauda rate today?
Srinibas Pradhan Constructions Subject to Sauda rate today is INR NA per application.
