Annu Projects IPO Details
| IPO Date | 25 to 28 Aug 2026 |
|---|---|
| Listing Date | Wednesday, Sep 2, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹94 to ₹99 per share |
| Lot Size | 151 Shares |
| Issue Type | Book Building Issue |
| Sale Type | Fresh Issue Only |
| Listing At | BSE, NSE |
| Total Issue Size | 1,76,83,000 Shares, aggregating up to approximately ₹175 Cr |
| Fresh Issue | 1,76,83,000 Shares, aggregating up to approximately ₹175 Cr |
| Pre-Issue Shares | 4,78,09,670 Shares |
| Post-Issue Shares | 6,54,92,670 Shares |
| Market Cap at Upper Band | ₹648.38 Cr |
Annu Projects IPO Timeline
| IPO Event | Date |
|---|---|
| IPO Open | Tuesday, Aug 25, 2026 |
| IPO Close | Friday, Aug 28, 2026 |
| Basis of Allotment | Monday, Aug 31, 2026 |
| Refunds Initiated | Monday, Aug 31, 2026 |
| Credit of Shares to Demat | Tuesday, Sep 1, 2026 |
| Listing | Wednesday, Sep 2, 2026 |
Annu Projects IPO Lot Size
Investors can bid for a minimum of 151 shares and in multiples of the prescribed lot size. At the upper price band of ₹99 per share, one retail lot requires an investment of ₹14,949.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 151 | ₹14,949 |
| Retail Maximum | 13 | 1,963 | ₹1,94,337 |
| S-HNI Minimum | 14 | 2,114 | ₹2,09,286 |
| S-HNI Maximum | 66 | 9,966 | ₹9,86,634 |
| B-HNI Minimum | 67 | 10,117 | ₹10,01,583 |
Annu Projects IPO Reservation
The Annu Projects IPO has been reserved across Qualified Institutional Buyers, Non-Institutional Investors and Retail Individual Investors as per the issue’s stated reservation structure.
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not more than 10% of the Issue |
| Retail Individual Investors | Not less than 50% of the Issue |
| Non-Institutional Investors (NII) | Not less than 40% of the Issue |
About Annu Projects Limited
Annu Projects Limited is an engineering, procurement and construction (EPC) company engaged in the design, development, implementation, operation and maintenance of essential overhead and underground utilities infrastructure.
The company operates across multiple infrastructure verticals, including telecom infrastructure, sewerage infrastructure and gas pipeline infrastructure.
In the telecom infrastructure segment, Annu Projects undertakes surveying, designing and installation of cabling and tower infrastructure for communication, automation and electronic security systems.
Its sewerage infrastructure activities include pipe laying, construction of manholes, sewerage treatment plants, pumping stations and related structural facilities.
In the gas pipeline segment, the company undertakes the laying of MDPE pipelines ranging from 20 mm to 125 mm, along with gas connections for domestic and commercial customers.
The company has worked with customers and organisations including Bharat Sanchar Nigam Limited, A2Z Infra Engineering Limited, Bharat Broadband Network Limited, G R Infraprojects Limited, Indraprastha Gas Limited, Gujarat Gas Limited and GAIL India Limited.
As of June 30, 2026, Annu Projects had 23 ongoing projects with an aggregate order value of approximately ₹1,959.35 crore. These included telecom, sewerage, gas pipeline and railway signalling projects.
Annu Projects IPO Key Strengths
Annu Projects IPO Financial Performance
Annu Projects reported strong financial growth during FY2026. Total income increased to ₹244.59 crore in FY2026 from ₹182.35 crore in FY2025, while profit after tax increased to ₹33.03 crore from ₹21.10 crore.
Based on the provided financial information, revenue increased by approximately 34% and profit after tax increased by approximately 56% between FY2025 and FY2026.
| Particulars | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| Total Assets | ₹341.82 Cr | ₹233.37 Cr | ₹161.34 Cr |
| Total Income | ₹244.59 Cr | ₹182.35 Cr | ₹155.42 Cr |
| Profit After Tax | ₹33.03 Cr | ₹21.10 Cr | ₹17.39 Cr |
| EBITDA | ₹50.19 Cr | ₹32.19 Cr | ₹28.50 Cr |
| Net Worth | ₹155.26 Cr | ₹122.06 Cr | ₹68.93 Cr |
| Reserves and Surplus | ₹107.45 Cr | ₹74.25 Cr | ₹66.39 Cr |
| Total Borrowings | ₹52.54 Cr | ₹22.27 Cr | ₹19.69 Cr |
Figures are in ₹ crore unless otherwise stated.
Annu Projects IPO Key Performance Indicators
| KPI | FY2026 | FY2025 |
|---|---|---|
| ROE | 21.27% | 17.29% |
| ROCE | 22.66% | 20.59% |
| Debt/Equity | 0.34 | 0.20 |
| RoNW | 21.27% | 17.29% |
| PAT Margin | 13.69% | 11.72% |
| EBITDA Margin | 20.81% | 17.88% |
| NAV | ₹32.47 | ₹25.53 |
| Price to Book Value | — | 3.88x |
Annu Projects IPO Valuation
At the upper price band of ₹99 per share, Annu Projects is expected to have a post-issue market capitalisation of approximately ₹648.38 crore.
| Valuation Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | ₹6.91 | ₹5.04 |
| P/E | 14.33x | 19.64x |
| Market Capitalisation | ₹473 Cr | ₹648.38 Cr |
Based on the upper issue price and the post-issue EPS provided in the source information, the post-issue valuation works out to a P/E multiple of approximately 19.64x.
Annu Projects IPO Objectives
The company proposes to utilise the net proceeds from the IPO towards capital expenditure, working capital requirements and general corporate purposes.
| No. | Purpose | Estimated Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of machinery or equipment | ₹15.41 Cr |
| 2 | Funding working capital requirements of the company | ₹115.00 Cr |
| 3 | General Corporate Purposes | Balance Amount |
| Total Identified Objects | ₹130.41 Cr | |
Annu Projects Shareholding Pattern
| Category | Pre-IPO | Post-IPO |
|---|---|---|
| Promoter & Promoter Group | 89.11% | 65.05% |
| Public | 10.89% | 34.95% |
| Total | 100% | 100% |
The promoters of Annu Projects Limited are Sanjay Kumar Sarraf and Krishna Ranjan.
Recently Listed IPOs in Civil Construction
| Company | Issue Type | Issue Size | Issue Price | P/E | Listing Day Close | Listing Gain/Loss | LTP |
|---|---|---|---|---|---|---|---|
| Technocraft Ventures Ltd. | Mainboard | ₹251.88 Cr | ₹212 | 14.73 | ₹311.15 | +46.77% | ₹332.61 |
| Om Power Transmission Ltd. | Mainboard | ₹150.06 Cr | ₹175 | 21.13 | ₹193.38 | +10.50% | ₹163.09 |
| Solarworld Energy Solutions Ltd. | Mainboard | ₹490.00 Cr | ₹351 | 33.77 | ₹323.50 | -7.83% | ₹149.96 |
Annu Projects IPO Review
What Is Annu Projects IPO GMP?
GMP stands for Grey Market Premium. It is an unofficial indicator used by some market participants to gauge possible demand and market sentiment for an IPO before the shares begin trading on the stock exchanges.
The grey market operates outside the formal stock exchange mechanism, and GMP values can change frequently based on demand, investor sentiment and broader market conditions.
GMP is not an official price indicator and does not guarantee the listing price or listing gain. Actual listing performance may be significantly different from grey-market expectations.
Annu Projects IPO Registrar
Kfin Technologies is the registrar appointed for the Annu Projects IPO. The registrar is responsible for processing IPO applications, maintaining allotment records, handling refunds and facilitating the credit of allotted shares into investors’ demat accounts.
Phone: 040-79615565
Email: annuprojects.ipo@kfintech.com
Annu Projects IPO Lead Manager
| No. | Book Running Lead Manager |
|---|---|
| 1 | Mefcom Capital Markets Ltd. |
Annu Projects Limited Contact Details
B-1, Plot No. 11,
Local Shopping Complex Vasant Kunj,
South Delhi, New Delhi, 110070
Phone: +91 11 40114238
Email: cs@annuprojects.com
Annu Projects IPO FAQs
When will Annu Projects IPO open?
The Annu Projects IPO is scheduled to open for subscription on August 25, 2026.
When will Annu Projects IPO close?
The IPO subscription period is scheduled to close on August 28, 2026.
What is the Annu Projects IPO price band?
The price band has been fixed at ₹94 to ₹99 per equity share.
What is Annu Projects IPO lot size?
The minimum application size is 151 shares.
What is the minimum investment for Annu Projects IPO?
At the upper price of ₹99 per share, one lot of 151 shares requires an investment of ₹14,949.
What is the total size of Annu Projects IPO?
The IPO comprises approximately ₹175.06 crore and consists entirely of a fresh issue of 1,76,83,000 equity shares.
How many shares are offered in Annu Projects IPO?
The total issue comprises 1,76,83,000 equity shares.
When will Annu Projects IPO allotment be finalized?
The basis of allotment is expected to be finalized on August 31, 2026.
When will Annu Projects shares be listed?
The tentative listing date is September 2, 2026 on both BSE and NSE.
Who is the registrar of Annu Projects IPO?
Kfin Technologies Ltd. is the registrar appointed for the Annu Projects IPO.
Who is the lead manager of Annu Projects IPO?
Mefcom Capital Markets Ltd. is the book running lead manager for the issue.
Where can I check Annu Projects IPO GMP?
You can check the latest grey market premium updates on the Annu Projects IPO GMP page on TradingMinds.
Disclaimer: This IPO article is intended only for general informational and educational purposes. It should not be treated as investment, financial or trading advice. IPO dates, issue details, price bands, allotment schedules, financial figures and other information may change based on official announcements. Grey market premium figures are unofficial and can fluctuate substantially. Investors should carefully read the official IPO documents and evaluate the company’s business, financial position, valuation, order book and risks before making any investment decision.
