The initial public offer (IPO) of Srinibas Pradhan Constructions received bids for 1,68,000 shares as against 20,73,600 shares on offer, as per NSE data as of 17:00 hours on Friday (6 March 2026). The issue was subscribed 0.08 times.

The issue opened for bidding on Friday (6 February 2026) and it will close on Tuesday (10 March 2026). The price band of the IPO is fixed between Rs 91 to Rs 98 per equity share. The minimum order quantity is 1,200 equity shares. The equity shares will list on NSE’s SME platform.

The IPO comprises fresh issue of 17,13,600 equity shares and offer for sale (OFS) of 3,60,000 equity shares by existing shareholders.

About 1,04,400 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 19,69,200 equity shares. The issue and the net issue will constitute 26.38% and 25.05% respectively of the post offer paid up equity share capital of the company.

The company intends to utilize the net proceeds for funding the working capital requirements of company, repayment/prepayment, in full or part, of certain loans availed by company and general corporate purposes.

Srinibas Pradhan Constructions (SPCL) operates in the infrastructure and utilities sector, focusing on the execution of projects related to roads, highways, bridges, electricity infrastructure, and mining infrastructure. The company is engaged in infrastructure development across multiple segments, with a primary emphasis on road and highway construction, including rural, major district, and urban roads using quality materials such as aggregates, sand, tar, and cement to ensure durable infrastructure. SPCL also undertakes the construction of bridges and steel structures, including high-level bridges and industrial sheds.

In addition, the company provides comprehensive civil construction services covering foundations, superstructures, multi-storied buildings, factories, and industrial facilities. Its project portfolio spans roads, bridges, irrigation and canal works, civil construction, and industrial development. SPCL participates in competitive bidding for infrastructure projects primarily in the state of Odisha, serving state government departments, central and state public sector undertakings, as well as private corporate clients. As of 31 January 2026, the company had a total workforce of 154 full time employees.

The company recorded revenue from operations of Rs 45.58 crore and net profit of Rs 4.10 crore for the period ended 31 September 2025.