LCC Projects came to market through an IPO that opened on 9 September 2026 and closed on 11 September 2026, and the shares listed on 17 September 2026 on BSE, NSE. The price band was ₹139 to ₹146 per share and one lot was 102 shares, so the minimum application was ₹14,892. The issue size was ₹427.14 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹189, a gain of 29.5% against the issue price of ₹146. Kfin Technologies Ltd was the registrar to the issue, and Motilal Oswal Investment Advisors Ltd was the lead manager.
As of 11 September 2026.
| Day |
|---|
| 1 |
| 2 |
| 3 |
| 4 |
Overall the issue was subscribed 49.57 times.
Founded in 2017, LCC Projects Limited provides engineering, procurement and construction (EPC) services under the irrigation and water supply projects division. The company has completed projects under the irrigation and water supply division, including dam construction, barrages, weirs, hydraulic structures, canals, pipe distribution network, lift irrigation work, water supply scheme, and other EPC projects.
As of September 30, 2024, the Order Book of the company consists of 68 projects out of which Sondwa Lift Micro Irrigation Project, Sidhi Bansagar Multi – Village Scheme, and Gandhi Sagar 1 Multi-Village Scheme are the top three among them. Earlier, LCC have also completed significant projects like Tawa Left Bank Canthe al construction, Parbati Dam Projthe ect, Dudhai Sub Branch Canal Projectthe, and AKOT Lift Irrigation Scheme.
The company grew its business from eight states in Fiscal 2022 to 11 states as of September 30, 2024, which are Gujarat, Madhya Pradesh, Odisha, Rajasthan, Maharashtra, Uttar Pradesh, Karnataka, Jharkhand, Chhattisgarh, Himachal Pradesh and Haryana. As of the six months ended September 30, 2024, the company employed 1,788 permanent staff.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
|---|
LCC Projects Limited finalised its anchor investor allocation on September 8, 2026, raising ₹128.14 crore from 11 institutional investors at an anchor price of ₹146 per share. The anchor book comprises 87,76,869 equity shares. Edelweiss Life Insurance Company Limited was the sole life insurance participant, receiving 11.71%.
The allocation was led by Astorne Capital VCC – Arven at 23.41%, followed by RGSL Investment Fund – RGSL Investment LVF I at 9.36%, and Craft Emerging Market Fund PCC (Citadel Capital Fund and Elite Capital Fund), Sunrise Investment Trust, Necta Bloom VCC (Regal Fund and Necta Bloom One), and LRSD Securities, each around 7.80%. Rajasthan Global Securities Private Limited and ASAS Global Fund Incorporated VCC Sub Fund rounded out the allocation.
Arjan Suja Rabari, Laljibhai Arjanbhai Ahir, Maya Arjan Rabari. Promoter holding 100% before the issue and 89.90% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
LCC Projects IPO was a ₹427.14 crore book-built issue, comprising a fresh issue of ₹258 crore and an offer for sale of ₹169.14 crore. It was priced at ₹139–₹146 per share with a lot size of 102 shares (₹14,892). The IPO was open from September 9 to September 11, 2026 and was subscribed 49.57x. Shares listed on BSE and NSE on September 17, 2026 at ₹189, a 29.5% premium to the issue price of ₹146.
Kfin Technologies Ltd is the registrar. Motilal Oswal Investment Advisors Ltd is the book running lead manager.
The price band of LCC Projects IPO is ₹139 to ₹146 per share.
The lot size of LCC Projects IPO is 102 shares.
The minimum investment for LCC Projects IPO is approximately ₹14,892 based on the upper price band.
The allotment date of LCC Projects IPO is Sep 15, 2026.
No GMP quote could be verified as recorded before LCC Projects IPO listed. A grey-market observation of ₹35 per share was recorded on 17 Sep 2026, 7:00 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹189. GMP is unofficial and does not forecast or guarantee the actual listing price.
LCC Projects IPO listed on Sep 17, 2026. It was issued at ₹189.0(NSE) and is currently around ₹128.01 as on 30-Oct-2026 3:30 PM, which is approximately -12.3% versus issue price. The 52-week high is ₹189.00.
You can check LCC Projects IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the LCC Projects IPO allotment status on Rupix for quick and easy access.
₹139 to ₹146 per share, against a face value of ₹5. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 102 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,892.
₹14,892, for one lot of 102 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 9 September 2026 and closed on 11 September 2026.
The basis of allotment was published on 15 September 2026 by Kfin Technologies Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 17 September 2026 on BSE, NSE, opening at ₹189.
The issue size was ₹427.14 crore. The fresh issue was 1,76,71,232 shares (aggregating up to ₹258 crore). The offer for sale was 1,15,85,000 shares (aggregating up to ₹169.14 crore).
It listed at ₹189 against an issue price of ₹146, a gain of 29.5 percent on listing day.