Annu Projects IPO
Updated 11 Sept 2026, 5:03 pm.
Minimum investment (Retail)
₹14,949
1 lot · 151 shares at the upper price band
Price band
₹99
Latest GMP
Not yet quoted
Est. listing price
—
Issue size
₹175.06 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- Mainboard
- Price band
- ₹99
- Issue size
- ₹175.06 Cr
- Lot size
- 151
- Opens
- 25 Aug 2026
- Closes
- 28 Aug 2026
- Allotment
- 31 Aug 2026
- Listing
- 2 Sept 2026
- Est. listing price
- —
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Kfin Technologies Ltd.
- Minimum investment
- ₹14,949 (1 lot · 151 shares)
- Face value
- ₹10 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital only
- Fresh issue
- ₹175 Cr
- Listing at
- BSE, NSE
- Refunds
- 31 Aug 2026
- Shares credited
- 1 Sept 2026
- Promoter holding
- 89.11% before · 65.05% after
- Lead managers
- Mefcom Capital Markets Ltd.
Offer documents & links
Subscription by category
As of 28 Aug 2026, 1:23 pm.
Total subscription
2.93x
Full issue details
Details as published for this issue, read 11 Sept 2026, 4:59 am. Verify against the RHP before applying.
IPO Details
| IPO Date | 25 to 28 Aug, 2026 |
|---|---|
| Listed on | Wed, Sep 2, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹94 to ₹99 |
| Issue Price | ₹99 per share |
| Lot Size | 151 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,76,83,000 shares (agg. up to ₹ 175 Cr) |
|---|---|
| Fresh Issue | 1,76,83,000 shares (agg. up to ₹ 175 Cr) |
| Share Holding Pre Issue | 4,78,09,670 shares |
| Share Holding Post Issue | 6,54,92,670 shares |
| BSE Script Code / NSE Symbol | 544893 / ANNU |
| ISIN | INE103001017 |
IPO Timetable
- IPO Open
- Tue, Aug 25, 2026
- IPO Close
- Fri, Aug 28, 2026
- Allotment
- Mon, Aug 31, 2026
- Refund
- Mon, Aug 31, 2026
- Credit of Shares
- Tue, Sep 1, 2026
- Listing
- Wed, Sep 2, 2026
Issue Reservation
| Investor Category | Shares | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB | 17,68,300 | 10.00% | NA |
| NII (HNI) | 70,73,200 | 40.00% | NA |
| − bNII > ₹10L | 47,15,467 | 26.67% | 2,230 |
| − sNII < ₹10L | 23,57,733 | 13.33% | 1,115 |
| Retail | 88,41,500 | 50.00% | 58,552 |
| Total | 1,76,83,000 | 100.00% | — |
Annu Projects IPO comprises a total issue size of 1,76,83,000 shares. Out of which, 17,68,300 (10.00%) are allocated to QIB , 70,73,200 (40.00%) allocated to NII 88,41,500 (50.00%) allocated to RII .
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 151 | ₹14,949 |
| Retail (Max) | 13 | 1963 | ₹1,94,337 |
| S-HNI (Min) | 14 | 2114 | ₹2,09,286 |
| S-HNI (Max) | 66 | 9966 | ₹9,86,634 |
| B-HNI (Min) | 67 | 10117 | ₹10,01,583 |
Investors can bid for a minimum of 151 shares and in multiples thereof.
IPO Subscription Details
About Annu Projects Ltd.
Annu Projects Limited is an engineering, procurement, and construction (EPC) company. It is engaged in the design, development, implementation, operations and maintenance of essential overhead and underground utilities infrastructure across telecom infrastructure, sewerage infrastructure vertical and gas pipeline vertical.
Key Verticals:
Telecom Infrastructure: Surveying, designing, and installing cabling and tower infrastructures for communication, automation, and electronic security system. Its customers include Bharat Sanchar Nigam Limited, A2Z Infra Engineering Limited, Bharat Broadband Network Limited, G R Infraprojects Limited.
Sewerage Infrastrucutre: Pipe laying, construction of manholes, construction of sewerage treatment plants, construction of pumping stations, and construction of structural facilities, etc.
Gas Pipeline: Laying MDPE ranging from 20 mm to 125 mm in diameter, along with 38,300 GI house connections for domestic and commercial gas supply. Served customers, including Indraprastha Gas Limited, Gujarat Gas Limited and GAIL India Limited.
As on June 30, 2026, it has 23 ongoing projects worth Rs 19,593.48 million, including 4 telecom infra projects, 14 sewerage, 4 gas pipeline projects and 1 (one) comprised of railway signalling vertical.
Competitive Strengths
Engineering, procurement and commissioning projects with special focus on underground and overhead utilities infrastructure
Project management with integrated execution capabilities
Strong order book
Strong and consistent financial performance
Experienced leadership and strong management team
Company Financials (Restated Consolidated)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 341.82 | 233.37 | 161.34 |
| Total Income | 244.59 | 182.35 | 155.42 |
| Profit After Tax | 33.03 | 21.10 | 17.39 |
| EBITDA | 50.19 | 32.19 | 28.50 |
| NET Worth | 155.26 | 122.06 | 68.93 |
| Reserves and Surplus | 107.45 | 74.25 | 66.39 |
| Total Borrowing | 52.54 | 22.27 | 19.69 |
| Amount in ₹ Crore |
Annu Projects Ltd.'s revenue increased by 34% and profit after tax (PAT) rose by 56% between the financial year ending with March 31, 2026 and March 31, 2025.
Note:- Financials for FY 2026 are on standalone basis.
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| Chiraharit Ltd. | SME | ₹31.07 Cr | ₹21 | 13.95 | ₹15.96 | -24.00% | ₹10.03 |
| Telge Projects Ltd. | SME | ₹27.24 Cr | ₹105 | 14.04 | ₹110.45 | +5.19% | ₹226.95 |
| Karbonsteel Engineering Ltd. | SME | ₹59.30 Cr | ₹159 | 12.47 | ₹194.35 | +22.23% | ₹109.00 |
| Goel Construction Co.Ltd. | SME | ₹100.10 Cr | ₹263 | 7.8 | ₹317.60 | +20.76% | ₹399.40 |
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| Current Infraprojects Ltd. | SME | ₹41.80 Cr | ₹80 | 11.78 | ₹152.75 | +90.94% | ₹80.00 |
View More »
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirements of Company for purchase of machinery or equipment | 15.41 |
| 2 | Funding working capital requirements of the Company | 115.00 |
| 3 | General Corporate Purposes | 24.16 |
| 4 | Issue Expenses | 20.49 |
| Total | 175.06 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| 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 | — | 3.88 |
Check IPO Peer Comparison here.
Note: Financial figures for March 31, 2026 represent Restated Standalone Financial Information.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 6.91 | 5.04 |
| P/E (x) | 14.33 | 19.64 |
| Market Cap at Offer Price | ₹473Cr. | ₹495.12 Cr |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.
Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 89.11% | 65.05% |
| Public | 10.89% | 34.95% |
| Total | 100% | 100% |
Company Promoters: Sanjay Kumar Sarraf and Krishna Ranjan.
Annu Projects IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 1 | 1 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Subscription Status
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 1.72 | 17,68,300 | 30,44,764 |
| NII | 3.55 | 70,73,200 | 2,51,18,246 |
| bNII (> ₹10L) | 3.09 | 47,16,056 | 1,45,69,235 |
| sNII (< ₹10L) | 4.48 | 23,57,144 | 1,05,49,011 |
| Retail | 2.68 | 88,41,500 | 2,36,81,481 |
| Total | 2.93 | 1,76,83,000 | 5,18,44,491 |
The Annu Projects IPO is subscribed 2.93 times on August 28, 2026 6:53:35 PM (Day 4). The public issue subscribed 2.68 times in the retail category, 1.72 times in the QIB category, and 3.55 times in the NII category. Check Day by Day Subscription Details (Live Status)
Reload
Total Applications: 1,42,085
IPO Expenses
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLM and commissions (including underwriting commission, brokerage and selling commission | 6.00 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Banker to the Issue. Brokerage underwriting and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.45 |
| 3 | Fees payable to the Registrar to the Issue | 0.03 |
| 4 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 0.88 |
| 5 | Printing and distribution of stationery | 0.21 |
| 6 | Advertising and marketing expenses | 5.52 |
| 7 | Fees payable to legal counsel | 1.40 |
| 8 | Fees payable to other advisors to the Issue, including but not limited to Statutory Auditors, industry service provider and independent chartered engineer | 4.91 |
| 9 | Miscellaneous | 1.10 |
| Total | 20.49 |
Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹ 99.00 | ₹ 99.00 |
| Open | ₹ 75.00 | ₹ 72.00 |
| Low | ₹ 71.25 | ₹ 70.00 |
| High | ₹ 78.74 | ₹ 75.60 |
| Last Trade | ₹ 77.90 | ₹ 75.60 |
Check IPO Performance…
IPO Registrar
Kfin Technologies Ltd.
040-79615565
annuprojects.ipo@kfintech.com
IPO Lead Manager(s)
Mefcom Capital Markets Ltd.
Contact Details
Annu Projects Ltd. Address
B-1, Plot No. 11,
Local Shopping Complex Vasant Kunj,
South Delhi, New Delhi , 110070
+91 11 40114238
cs@annuprojects.com
Annu Projects IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
Pranav Constructions IPO GMP Soars as Annu Projects Allottees Keep Losing Money
northdesk.in · 7 Sept 2026
Annu Projects files SEBI PIT code for fair disclosure of UPSI
scanx.trade · 2 Sept 2026
Annu Projects Shares Crash 27% Despite 3X IPO Subscription
BW Businessworld · 2 Sept 2026
Weak market debut: Annu Projects shares list at over 27% discount to its IPO price
Moneycontrol.com · 2 Sept 2026
Weak Start! Annu Projects shares list at 27% discount to IPO price
The Economic Times · 2 Sept 2026
Annu Projects Shares List at 27% Discount on NSE
Groww · 2 Sept 2026
