Qualified Institutional Buyers (QIBs) bid for 21,600 shares, Non-Institutional Investors (NIIs) for 16,35,600 shares, while individual investors (IND category bidding for 2 lots) placed bids for 6,76,800 shares.

The issue opened for bidding on 6 February 2026 and it closed on 10 March 2026. The price band of the IPO was 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 comprised fresh issue of 17,13,600 equity shares and offer for sale (OFS) of 3,60,000 equity shares by existing shareholders.

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.