Srinibas Pradhan Constructions came to market through an SME IPO that opened on 6 March 2026 and closed on 10 March 2026, and the shares listed on 13 March 2026 on NSE SME. The price band was ₹91 to ₹98 per share and one lot was 1200 shares, so the minimum application was ₹1,17,600. The issue size was ₹20.32 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Maashitla Securities Pvt.Ltd was the registrar to the issue, and Novus Capital Advisors Private Limited was the lead manager.
As of 10 March 2026.
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Srinibas Pradhan Constructions Limited (SPCL) was incorporated in the year 2020 and operates in the infrastructure and utilities industry. The company specializes in the execution of projects related to roads and highways, bridges, electricity infrastructure, and mining infrastructure. Srinibas Pradhan Constructions Limited is actively engaged in the development of infrastructure in various sectors. The company primarily focuses on the development of the following sectors: Roads and Highways:
The company focuses on the construction of rural roads, major district roads, and urban roads using high-quality materials such as aggregates, sand, tar, and cement. Bridges and Steel Structures: The company executes high-level bridges and steel structures for bridges and industrial sheds. Civil Construction: The company provides comprehensive civil construction services. SPCL participates in competitive bids for infrastructure projects in the state of Odisha.
The company serves various sectors of the government of Odisha, public sector undertakings of the state and central governments, and private corporate sectors.The company executes projects related to roads and highways, bridges, irrigation and canal works, civil construction, and industrial development. As of Feb 15, 2026, the company has reported a consolidated Order Book of Rs. 18,406.95 lakhs.
As described in the offer document.
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Mr. Ramakanta Pradhan, Mr. Srinibas Pradhan. Promoter holding 85.27% before the issue.
Work out the listing gain for this SME 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.
Srinibas Pradhan Constructions IPO was a ₹20.32 crore book-built issue, comprising a fresh issue of ₹16.79 crore and an offer for sale of ₹3.53 crore. It was priced at ₹91–₹98 per share with a lot size of 1,200 shares; the minimum retail application was 2,400 shares (₹2,35,200). The IPO was open from March 6 to March 10, 2026 and was subscribed 1.19x.
Shares listed on NSE SME on March 13, 2026 at ₹100.05, a 2.1% premium to the issue price of ₹98. Maashitla Securities Pvt. Ltd. is the registrar. Novus Capital Advisors Private Limited is the book running lead manager.
The price band of Srinibas Pradhan Constructions IPO is ₹91 to ₹98 per share.
The lot size of Srinibas Pradhan Constructions IPO is 1200 shares.
The minimum investment for Srinibas Pradhan Constructions IPO is approximately ₹2,35,200 based on the upper price band.
The allotment date of Srinibas Pradhan Constructions IPO is Mar 11, 2026.
You can check Srinibas Pradhan Constructions IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Srinibas Pradhan Constructions IPO allotment status on Rupix for quick and easy access.
₹91 to ₹98 per share, against a face value of ₹10. 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 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,17,600. After listing, SME shares also trade in lots rather than one share at a time.
₹1,17,600, for one lot of 1200 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 6 March 2026 and closed on 10 March 2026.
The basis of allotment was published on 11 March 2026 by Maashitla Securities Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 13 March 2026 on NSE SME.
The issue size was ₹20.32 crore. The fresh issue was 17,13,600 shares (aggregating up to ₹16.79 crore). The offer for sale was 3,60,000 shares (aggregating up to ₹3.53 crore).