AP
Annu Projects IPO Listing Price, Gain & Allotment
Listed
Mainboard IPO
BSE, NSE
Listed 2 Sep 2026
· updated 2 months ago
Price band
₹99
GMP
₹-7
Est. listing price₹92
Est. listing gain-7.07%
Issue size₹75.06 Cr
Annu Projects IPO Details
Open DateTue, 25 Aug 2026
Close DateFri, 28 Aug 2026
Listing DateWed, 2 Sep 2026
Listing AtBSE, NSE
Price Band₹99 per share
Lot Size151 shares
Min. Investment₹14,949
Issue Size₹75.06 Cr
Annu Projects IPO Dates & Timeline
Tentative dates follow SEBI's T+3 listing timelineIPO Opens
Tue, 25 Aug
IPO Closes
Fri, 28 Aug
Basis of Allotment
Mon, 31 Aug
Tentative
Refunds Initiated
Tue, 1 Sep
Tentative
Shares Credited to Demat
Tue, 1 Sep
Tentative
Listing Date
Wed, 2 Sep
Annu Projects IPO GMP Today
All IPO GMP
GMP today
₹-7
Est. listing price
₹92
Est. gain %
-7.07%
Est. profit / lot
₹-1,057
GMP is an unofficial grey-market indicator and can change quickly. It does not guarantee listing gains.
Try the GMP calculator · What is GMP? · GMP of all IPOs
Final visitor sentiment
Visitor opinion poll, not investment advice.
Annu Projects IPO Subscription Status
As of 28 Aug, 7:00 PM
Retail (RII)
2.68x
NII / HNI
3.55x
bHNI (>₹10L)
3.09x
sHNI (₹2–10L)
4.47x
QIB
1.72x
Total
2.93x
Times subscribed per category, from NSE (bids on NSE and BSE combined). Final figures after bidding closed.
Annu Projects IPO Listing Price & Gain
Issue price₹99
Listing price (NSE)₹72
Listing gain-27.27%
Listing-day close₹75.6 (-23.6%)
The last GMP before listing (₹-7) pointed to about ₹92; the shares opened 20.2 points below that estimate. How accurate is GMP?
Annu Projects IPO Allotment Status
The registrar for this IPO is KFin Technologies. You can also check on the exchange websites using your PAN or application number.
New to this? Read how to check IPO allotment status or see all IPOs awaiting allotment.
Annu Projects IPO Lot Size & Minimum Investment
At upper price band of ₹99| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 151 | ₹14,949 |
| Retail (Max) | 13 | 1,963 | ₹1,94,337 |
| S-HNI (Min) | 14 | 2,114 | ₹2,09,286 |
| S-HNI (Max) | 66 | 9,966 | ₹9,86,634 |
| B-HNI (Min) | 67 | 10,117 | ₹10,01,583 |
Annu Projects IPO analysis: what the numbers say
Annu Projects is an EPC (engineering, procurement, and construction) firm. The ₹75.06 Cr issue is entirely a fresh issue, so all the money goes to the company. Promoter holding falls from 89.11% to 65.05% after the issue.
Revenue rose from ₹155.42 Cr in FY24 to ₹244.59 Cr in FY26, a compound annual growth of 25.4%. Profit after tax grew from ₹17.39 Cr to ₹33.03 Cr. That is a net profit margin of 13.5% in FY26. Borrowings were 0.34 times net worth at the end of FY26.
The issue closed subscribed 2.93x overall (QIB 1.72x, NII 3.55x and retail 2.68x). Annu Projects listed at ₹72 on 2 Sep 2026, -27.3% against the issue price of ₹99. The last GMP before listing had pointed to about ₹92, so it opened 20.2 points below the grey market estimate. It closed the first day at ₹75.6 (-23.6%).
Worked out by IPO Darbaar from the offer document, exchange data and the latest GMP. For information only, not a recommendation.
Annu Projects IPO Issue Structure
Fresh issue ₹175 Cr (100%)
Offer for sale — (0%)
Face value₹10 / share
Market cap (post issue)—
Promoter holding (pre)89.11%
Promoter holding (post)65.05%
- Promoters
- Sanjay Kumar Sarraf, Krishna Ranjan
- Book running lead managers
- Mefcom Capital Markets Ltd.
Objects of the Annu Projects IPO
- Funding capital expenditure requirements of the Company for the purchase of machinery or equipment. ~ Rs. 15.41 Cr.
- Funding working capital requirements of the Company. ~ Rs. 115 Cr.
- General Corporate Purposes.
Annu Projects IPO Strengths & Risks
Strengths
- Engineering, procurement and commissioning projects with special focus on underground and overhead utilities infrastructure
- Project management with integrated execution capabilities
- Strong order book
- Strong and consistent financial performance.
Risks
- During fiscal years 2026, 2025, and 2024, the company's telecom infrastructure and sewerage infrastructure sectors accounted for over 90% of its operating revenue. Its business could be negatively impacted by any slowdown in these industries or a decline in the demand for its services.
- Based on competitive bidding, the company received 57.09%, 64.99%, and 60.88% of its operating revenue from government sector organizations in Fiscal Years 2026, 2025, and 2024, respectively.
- In Fiscal Years 2026, 2025, and 2024, the company's top ten clients contributed 97.96%, 98.25%, and 95.90% of operating revenue, respectively. Its business, financial situation, and cash flows could be negatively impacted by the loss of a significant client, decreased demand, or an inability to diversify its clientele.
Annu Projects Financials
Restated, ₹ crore
FY24
FY25
FY26
Revenue Profit after tax
| Period ended | FY2431 Mar 2024 | FY2531 Mar 2025 | FY2631 Mar 2026 |
|---|---|---|---|
| Revenue | 155.42 | 182.35 | 244.59 |
| Profit after tax | 17.39 | 21.1 | 33.03 |
| Net worth | 68.93 | 122.06 | 155.26 |
| Total assets | 161.34 | 233.37 | 341.82 |
| Total borrowings | 19.69 | 22.27 | 52.54 |
| PAT margin | 11.19% | 11.57% | 13.5% |
Annu Projects Key Performance Indicators (KPIs)
ROE21.27%
ROCE22.66%
RoNW21.27%
Debt / Equity0.34
About Annu Projects IPO
Annu Projects is a mainboard IPO worth ₹75.06 crore with a price band of ₹99 per share. The issue opens on 25 August 2026 and closes on 28 August 2026. Shares are expected to list on 2 September 2026 on BSE, NSE.
Annu Projects IPO is a Mainboard IPO with an issue size of Rs. 175.06 Cr by Annu Projects Limited, which is an EPC (engineering, procurement, and construction) firm. It is involved in the design, development, implementation, operation, and maintenance of critical overhead and subterranean utility infrastructure, including gas pipeline vertical, telecom vertical, and sewage vertical.
This new IPO is to be launched on 25 Aug 2026, and its ‘initial public offering’ will end on 28 Aug 2026.
Annu Projects IPO: FAQs
What is the subscription status of Annu Projects IPO?
The issue closed subscribed 2.93x overall (QIB 1.72x, NII 3.55x and retail 2.68x). Figures are from NSE and cover bids on both exchanges.
What was the listing price of Annu Projects IPO?
Annu Projects listed at ₹72 on 2 Sep 2026, -27.3% against the issue price of ₹99. The last GMP before listing had pointed to about ₹92, so it opened 20.2 points below the grey market estimate. It closed the first day at ₹75.6 (-23.6%).
What is the price band of Annu Projects IPO?
The Annu Projects IPO price band is ₹99 per share and the issue size is ₹75.06 crore.
What is the lot size and minimum investment for Annu Projects IPO?
One lot of Annu Projects IPO has 151 shares. The minimum application for retail investors is 1 lot (151 shares), which costs ₹14,949 at the upper price band.
When does Annu Projects IPO open and close?
Annu Projects IPO opens for subscription on Tuesday, 25 August 2026 and closes on Friday, 28 August 2026. Bids are accepted until 5 PM on the closing day.
What is the Annu Projects IPO allotment date?
The basis of allotment for Annu Projects IPO is expected to have been finalised on Monday, 31 August 2026, one working day after the issue closes (SEBI T+3 timeline).
How to check Annu Projects IPO allotment status?
Visit the website of the registrar, KFin Technologies, select Annu Projects IPO and search by PAN or application number. You can also check on the IPO allotment status page or on the BSE and NSE websites.
When is Annu Projects IPO listing date?
Annu Projects shares listed on BSE, NSE on Wednesday, 2 September 2026 at ₹72 per share.
Is Annu Projects a mainboard or SME IPO?
Annu Projects is a mainboard IPO, listing on the main board of BSE, NSE.
Last updated 28 Sep 2026, 11:55 PM IST. GMP is unofficial and indicative; dates after the issue closes are tentative. Not investment advice.