Annu Projects Ltd. IPO Details
Annu Projects was incorporated on June 19, 2003. The company is engaged in designing, developing, and maintaining overhead and underground utility infrastructure across telecom, sewerage, and gas pipeline sectors. It is a diversified EPC player handling projects from fibre optics to gas pipelines
| Bidding Dates |
|---|
| 25 Aug 2026 - 28 Aug 2026 |
| Subscription |
|---|
| 0.34x Undersubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,194 | 1 | 13 | 151 | 17.7 M | ₹94 - ₹99 | 65.05 % | ₹1662.2 M - ₹1750.6 M | RHP DOC |
Annu Projects IPO SUBSCRIPTION STATUS
25 Aug '26Annu Projects IPO overall subscription rate was 0.34 times the total available shares
Annu Projects IPO retail subscription rate was 0.28 times in the retail segment
Annu Projects IPO non-institutional investor subscription rate was 0.36 times in the non-institutional investor category
Annu Projects IPO Qualified Institutional Bidder subscription rate was 0.57 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 40% | 10% |
25 Aug 2026 | 0.28x | 0.36x | 0.57x |
Annu Projects FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 241.2 | 33.0 | -0.2 | -23.0 | 20.8% |
| FY25 | 180.1 | 21.1 | -35.4 | -35.4 | 17.9% |
| FY24 | 154.0 | 17.4 | 8.2 | 0.8 | 18.5% |
Annu Projects IPO SUBSCRIPTION STATUS DETAILS
Annu Projects has 17.7 M shares on offer
Annu Projects IPO offer price is in the range ₹94 - ₹99
Annu Projects IPO minimum Investment is ₹14194
Annu Projects IPO issue size is ₹ 1662.2 M - ₹ 1750.6 M
Annu Projects has a minimum lot size of 151 Shares per application
Annu Projects NUMBER OF SHARES ON OFFER
Annu Projects IPO IMPORTANT DATES
| Issue Open Date | 25 Aug 2026 |
| Issue close Date | 28 Aug 2026 |
| Allotment Date | 31 Aug 2026 |
| Refund Date | 31 Aug 2026 |
| Demat Account Credit Date | 01 Sep 2026 |
| Listing Date | 02 Sep 2026 |
| Listing on Exchange(s) | NSE and BSE |
| Annu Projects Allotment Status | Exchange/ Registrar |
Annu Projects IPO subscription opens on 25 Aug 2026, and closes on 28 Aug 2026
IPO allotment for Annu Projects is expected to be finalized on Monday, 31 Aug 2026
IPO listing for Annu Projects will be on NSE and BSE on Wednesday, 02 Sep 2026
Annu Projects Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Annu Projects Ltd. | 99 | 648.4 | 19.6 | 0.3 | 2.7 | 21.3 | 9.7 | 244.6 | 34.3 | 33 | 60.5 | 5 | 60.5 |
| Larsen & Toubro Ltd. | 4119 | 579507.2 | 34.9 | 7.7 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 99.8 | 105431.4 | 220.5 | 1.1 | 6.8 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.5 | 203.3 |
| Rail Vikas Nigam Ltd. | 218.4 | 45536.8 | 50.6 | -2.1 | 2.2 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.3 | -24.5 |
| NBCC (India) Ltd. | 89.5 | 24165 | 32.5 | 1.1 | 1.9 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.8 | 30.6 |
| Kalpataru Projects International Ltd. | 1384.4 | 23641.7 | 20.8 | 0.3 | 0.9 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 66.5 | 60.9 |
Annu Projects IPO Reports
Annu Projects INFORMATION ON IPO ISSUE
About Annu Projects
Annu Projects was incorporated on June 19, 2003. The company is engaged in designing, developing, and maintaining overhead and underground utility infrastructure across telecom, sewerage, and gas pipeline sectors. It is a diversified EPC player handling projects from fibre optics to gas pipelines
Object of the Issue
- Funding capital expenditure requirements of the company for purchase of machinery or equipment
- Funding working capital requirements of the company
- General corporate purposes
Annu Projects - PROMOTERS
| Name |
|---|
| Sanjay Kumar Sarraf |
| Krishna Ranjan |
Annu Projects - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Sanjay Kumar Sarraf | Chairman & Managing Director |
| Krishna Ranjan | Whole-Time Director |
| Rajan | Whole-Time Director |
| Nalini Shastri Vanjani | Independent Director |
| Fareed Ahmed | Independent Director |
| Radhakrishnan Nagarajan | Independent Director |
Annu Projects Book Running Lead Manager
Mefcom Capital Markets Limited
apl.ipo@mefcomcap.in
Annu Projects Registrar to the Offer
KFin Technologies Limited
annuprojects.ipo@kfintech.com
Annu Projects Strengths
Project execution capabilities
The company’s growth stems from its selective project execution model, backed by efficient planning, cost control, and use of modern equipment and technology. Strong execution is further supported by experienced personnel and local partnerships that enhance logistics and market access
Strong order book
The company is a diversified EPC player active in fibre optics, sewerage, and gas pipeline projects. It maintains a strong order book and targets high-margin or prestigious projects to boost business volume and profitability
Expertise in underground & overhead utilities infrastructure
With over two decades of experience, the company has built strong project execution capabilities and diversified revenue streams across telecom, sewerage, and gas pipeline sectors. Its skilled team, advanced equipment fleet, and engineering expertise enable efficient execution of complex infrastructure projects
Annu Projects Risks
Capital intensive
The company operates in a working capital-intensive industry, where efficient management of working capital is crucial. Inadequate control may negatively affect its business, operations, and financial health
Bidding risks
Bidding for tenders requires project analysis and cost estimation. Any errors in cost estimates may result in lower profitability or failure to win the bid
Labour risks
The company relies on contract labour, and any disruption in its availability, rising costs, or labour unrest may negatively impact operations, financials, and cash flows
IPO FAQs
The promoters of the company are Sanjay Kumar Sarraf and Krishna Ranjan.
The category allocation of qualified institutional buyers is 10.0%, the category allocation of non individual investors or high networth individuals is 40.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 94.0 - 99.0.
The IPO application opens on Aug 25, 2026 and closes on Aug 28, 2026.
The minimum lot size for the IPO is 151. The maximum lot size for the IPO is 1963.
For all category investors, the minimum application amount for this IPO is Rs. 14,194.0, the maximum value for this IPO is Rs 194,337.0.
This IPO will be allotted on Aug 31, 2026.
The refund will be credited to your account on Aug 31, 2026.
The allotted shares will be credited to your demat on Sep 01, 2026.
Annu Projects Ltd.’s shares will list on the stock exchanges on Sep 02, 2026.