AP
Annu Projects Limited IPO
EPC Solutions · Telecom Infrastructure · Sewerage & Gas Pipelines
📋 Mainline IPO
Fresh Issue Only
NSE, BSE
₹99
Upper Price
₹175.06 Cr
Issue Size
Sep 2, 2026
Listing Date
₹473.00 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative🟢
IPO Opens
Tuesday, 25 August 2026
Bidding starts — apply before close
🔒
IPO Closes
Friday, 28 August 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Monday, 31 August 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Tuesday, 1 September 2026
Unallotted funds returned; shares credited to demat
🏷️
Wednesday, 2 September 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date25 August 2026 (Tue)
IPO Close Date28 August 2026 (Fri)
Listing Date2 September 2026 (Wed)
Face Value₹10 per share
Price Band₹94 to ₹99
Issue Price (Upper Band)₹99 per share
Issue TypeBook Build — Fresh Issue Only
Lot Size151 shares
Total Issue Size1,76,83,000 shares (₹175.06 Cr)
Fresh Issue1,76,83,000 shares (₹175.06 Cr)
Offer for Sale (OFS)0 shares (₹0 Cr)
Pre-Issue Shares4,78,09,670
Post-Issue Shares6,54,92,670
Promoter Holding (Pre)89.11%
Market Cap (Pre-IPO)₹473.00 Cr
Listing ExchangeNSE, BSE
Lead ManagerMefcom Capital Markets Ltd.
RegistrarKfin Technologies Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹99| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail — Minimum | 1 | 151 | ₹14,949 |
| Retail — Maximum | 13 | 1,963 | ₹1,94,337 |
| S-HNI (sNII) — Min | 14 | 2,114 | ₹2,09,286 |
| S-HNI (sNII) — Max | 66 | 9,966 | ₹9,86,634 |
| B-HNI (bNII) — Min | 67 | 10,117 | ₹10,01,583 |
⚠️ Note: Investors can bid for a minimum of 151 shares and in multiples thereof. Retail individual investors can apply up to ₹2,00,000.
👥 Investor Reservation
Allocated portion of Net OfferNot more than 10%
QIB Portion
Not less than 50%
Retail Portion
Not less than 40%
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Standalone · ₹ Crore| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 341.82 | 233.37 | 161.34 |
| Total Income | 244.59 | 182.35 | 155.42 |
| PAT | 33.03 | 21.10 | 17.39 |
| EBITDA | 50.19 | 32.19 | 28.50 |
| Net Worth | 155.26 | 122.06 | 68.93 |
| Reserves & Surplus | 107.45 | 74.25 | 66.39 |
| Total Borrowing | 52.54 | 22.27 | 19.69 |
Income Growth
FY 2023–24₹155.42 Cr
FY 2024–25₹182.35 Cr
FY 2025–26₹244.59 Cr
🎯 Key Performance Indicators
21.27%
ROE
FY 2025–26
0.34
Debt/Equity
FY 2025–26
22.66%
ROCE
FY 2025–26
13.69%
PAT Margin
FY 2025–26
20.81%
EBITDA Margin
FY 2025–26
21.27%
RoNW
FY 2025–26
3.88x
Price/Book
FY 2025–26
32.47
NAV
FY 2025–26
⚖️ Valuation & EPS
Pre-IPO EPS
₹6.91
FY26 earnings + pre-issue shares
P/E: 14.33xPost-IPO EPS
₹5.04
FY26 earnings + post-issue shares
P/E: 19.64xPrice to Book Value
3.88x
At upper price band ₹99
Market Cap (Pre-IPO)
₹473.00 Cr
At issue price ₹99
ℹ️
Pre-IPO EPS (₹6.91) based on pre-issue shares (4,78,09,670) and FY26 earnings. Post-IPO EPS (₹5.04) accounts for the dilution resulting from the issuance of 1,76,83,000 fresh equity shares extending the total post-issue equity to 6,54,92,670 shares. Post-IPO Market Cap expands to ₹648.38 Cr.
🎯 Objects of the Issue
Net proceeds utilisation1
Funding capital expenditure requirements of Company for purchase of machinery or equipment
₹15.41 Cr
2
Funding working capital requirements of the Company
₹115.00 Cr
3
General Corporate Purposes
Balance
Total Fresh Issue Goal
₹175.06 Cr
🏢 About Annu Projects Ltd.
New Delhi · EPC Company · Utilities InfrastructureAnnu Projects Limited is a prominent engineering, procurement, and construction (EPC) enterprise specializing in the design, development, execution, and long-term maintenance of essential overhead and underground utilities infrastructure. The company commands deep domain expertise across telecom grids, complex sewerage networks, and expanding gas pipeline installations serving premier government and corporate clientele across India.
The business maintains distinct operational verticals. In telecom, it manages surveying, designing, and deployment of cabling and tower infrastructure for BSNL, A2Z Infra, and BBNL. Its sewerage operations span extensive pipe laying, structural pumping stations, and STP construction. The gas pipeline division actively lays MDPE networks and has secured 38,300 GI house connections, supplying critical infrastructure for IGL, Gujarat Gas, and GAIL. As of June 2026, Annu Projects steered an impressive active order book spanning 23 ongoing projects valued at ₹1,959.34 crores.
Brand Ecosystem
📡
Telecom Infrastructure
Surveying and installing expansive cabling and tower infrastructure for automation and communication
🛠️
Sewerage Networks
Complex pipe laying, manhole construction, STPs, and structured pumping stations
🔥
Gas Pipelines
Executing massive MDPE networks and establishing tens of thousands of domestic GI house connections
📜
Robust Order Book
23 ongoing high-value assignments aggregating to an impressive ₹1,959.34 crores
Competitive Strengths
🏆Specialized EPC operations focusing intensely on complex underground and overhead utilities
⚙️Integrated execution capabilities and proven project management spanning diversified infrastructure classes
📈Strong and consistent financial performance highlighted by a 56% PAT scale-up in the latest fiscal
🤝Entrenched execution partnerships with high-barrier government clients like BSNL, IGL, and GAIL
Company Promoters
SK
Sanjay Kumar Sarraf & Krishna Ranjan
Promoters, Annu Projects Ltd.
📅 Key Dates
IPO Opens25 Aug 2026
IPO Closes28 Aug 2026
Allotment31 Aug 2026
Refund & Share Credit01 Sep 2026
Listing Day02 Sep 2026
💡 Quick Summary
Price Band₹94 – ₹99
Upper Price₹99 / share
Lot Size151 shares
Min. Investment (Retail)₹14,949
Issue Size₹175.06 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Lead Manager
Mefcom Capital Markets Ltd.
📍 Registered Address
Annu Projects Ltd.
B-1, Plot No. 11,
Local Shopping Complex Vasant Kunj,
South Delhi, New Delhi — 110070
📞 +91 11 40114238
[email protected]
B-1, Plot No. 11,
Local Shopping Complex Vasant Kunj,
South Delhi, New Delhi — 110070
📞 +91 11 40114238
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
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Disclaimer: This page presents publicly available information from the Annu Projects IPO RHP for informational purposes only. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
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