Incorporated in 2020, SPCL is a fast-growing infrastructure firm based in Jharsuguda, Odisha. The company specializes in critical civil engineering projects, including roads, highways, high-level bridges, and mining infrastructure.
| Event | Date |
|---|---|
| IPO Opens | Friday, Mar 6, 2026 |
| IPO Closes | Tuesday, Mar 10, 2026 |
| Basis of Allotment | Wednesday, Mar 11, 2026 |
| Refund / Share Credit | Thursday, Mar 12, 2026 |
| Tentative Listing Date | Friday, Mar 13, 2026 |
| Application Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 2 Lots | 2,400 | ₹2,35,200 |
| Retail (Maximum) | 2 Lots | 2,400 | ₹2,35,200 |
| Small HNI (Min) | 3 Lots | 3,600 | ₹3,52,800 |
| Big HNI (Min) | 9 Lots | 10,800 | ₹10,58,400 |
| Period Ended | Total Assets | Income | PAT (Profit) | EBITDA | Net Worth |
|---|---|---|---|---|---|
| 30-Sep-2025 (6M) | 56.67 | 45.63 | 4.11 | 7.64 | 22.01 |
| 31-Mar-2025 | 55.76 | 89.73 | 6.59 | 13.01 | 15.91 |
| 31-Mar-2024 | 20.83 | 35.27 | 3.55 | 5.58 | 7.72 |
| 31-Mar-2023 | 6.50 | 26.35 | 1.48 | 2.15 | 2.67 |
Key Performance Indicators
ROCE: 71.01% (FY25)
ROE: 55.76% (FY25)
PAT Margin: 9.01% (Sep-25)
Debt/Equity: 0.78 (Stable)
P/E Ratio (Post): 9.37x
Issue Structure
Total Issue Size: 20.73 Lakh Shares
Fresh Issue: ₹16.79 Cr
Offer for Sale: ₹3.53 Cr
Promoter Holding (Pre): 85.27%
Market Maker: Rikhav Securities
Incorporated in 2020, SPCL is a fast-growing infrastructure firm based in Jharsuguda, Odisha. The company specializes in critical civil engineering projects, including roads, highways, high-level bridges, and mining infrastructure.
Core Capabilities: Foundation & Multi-storied structures, Industrial sheds, Irrigation canals, and Civil work for state and central PSUs. They maintain a strong backward integration model to ensure cost-efficiency and quality control.
- ₹11.55 Cr: Funding Working Capital Requirements.
- ₹1.00 Cr: Repayment of portion of existing loans.
- General Corporate Purposes: Supporting brand expansion and operational costs.
Phone: +91-11-45121795-96
Email: Investor.ipo@maashitla.com
Website: srinibaspradhan.com