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LCC Projects IPO Listing Price, Gain & Allotment
Listed
Mainboard IPO
BSE, NSE
Listed 17 Sep 2026
· updated 1 month ago
Price band
₹146
GMP
+₹36
Est. listing price₹182
Est. listing gain24.66%
Issue size₹427.14 Cr
LCC Projects IPO Details
Open DateWed, 9 Sep 2026
Close DateFri, 11 Sep 2026
Listing DateThu, 17 Sep 2026
Listing AtBSE, NSE
Price Band₹146 per share
Lot Size102 shares
Min. Investment₹14,892
Issue Size₹427.14 Cr
LCC Projects IPO Dates & Timeline
Tentative dates follow SEBI's T+3 listing timelineIPO Opens
Wed, 9 Sep
IPO Closes
Fri, 11 Sep
Basis of Allotment
Mon, 14 Sep
Tentative
Refunds Initiated
Tue, 15 Sep
Tentative
Shares Credited to Demat
Tue, 15 Sep
Tentative
Listing Date
Thu, 17 Sep
LCC Projects IPO GMP Today
All IPO GMP
GMP today
+₹36
Est. listing price
₹182
Est. gain %
24.66%
Est. profit / lot
₹3,672
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.
LCC Projects IPO Subscription Status
As of 11 Sep, 7:00 PM
Retail (RII)
25.56x
NII / HNI
62.99x
bHNI (>₹10L)
59.72x
sHNI (₹2–10L)
69.55x
QIB
78.69x
Total
48.51x
Times subscribed per category, from NSE (bids on NSE and BSE combined). Final figures after bidding closed.
LCC Projects IPO Listing Price & Gain
Issue price₹146
Listing price (NSE)₹189
Listing gain+29.45%
Listing-day close₹170.1 (+16.5%)
The last GMP before listing (₹36) pointed to about ₹182; the shares opened 4.8 points above that estimate. How accurate is GMP?
LCC 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.
LCC Projects IPO Lot Size & Minimum Investment
At upper price band of ₹146| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 102 | ₹14,892 |
| Retail (Max) | 13 | 1,326 | ₹1,93,596 |
| S-HNI (Min) | 14 | 1,428 | ₹2,08,488 |
| S-HNI (Max) | 67 | 6,834 | ₹9,97,764 |
| B-HNI (Min) | 68 | 6,936 | ₹10,12,656 |
LCC Projects IPO analysis: what the numbers say
The ₹427.14 Cr issue combines a fresh issue of ₹258 Cr, which goes to the company, and an offer for sale (OFS) of ₹169 Cr by existing shareholders, so about 60% of the money raised reaches the business. Promoter holding falls from 100% to 89.9% after the issue.
Revenue rose from ₹2,449.79 Cr in FY24 to ₹3,639.45 Cr in FY26, a compound annual growth of 21.9%. Profit after tax grew from ₹122 Cr to ₹286.44 Cr. That is a net profit margin of 7.9% in FY26. Borrowings were 0.97 times net worth at the end of FY26.
The issue closed subscribed 48.51x overall (QIB 78.69x, NII 62.99x and retail 25.56x). LCC Projects listed at ₹189 on 17 Sep 2026, +29.5% against the issue price of ₹146. The last GMP before listing had pointed to about ₹182, so it opened 4.8 points above the grey market estimate. It closed the first day at ₹170.1 (+16.5%).
Worked out by IPO Darbaar from the offer document, exchange data and the latest GMP. For information only, not a recommendation.
LCC Projects IPO Issue Structure
Fresh issue ₹258 Cr (60.4%)
Offer for sale ₹169 Cr (39.6%)
Face value₹5 / share
Market cap (post issue)—
Promoter holding (pre)100%
Promoter holding (post)89.9%
- Promoters
- Arjan Suja Rabari, Laljibhai Arjanbhai Ahir, Maya Arjan Rabari
- Book running lead managers
- Motilal Oswal Investment Advisors Ltd.
Objects of the LCC Projects IPO
- Purchase of equipment. ~ Rs. 14.69 Cr.
- Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company. ~ Rs. 180 Cr.
- General Corporate Purposes.
LCC Projects IPO Strengths & Risks
Strengths
- By market share, LCC is one of the top multidisciplinary EPC firms in India for irrigation and water supply projects. It has a solid basis in the infrastructure industry because of its extensive operating expertise and execution track record.
- As of September 30, 2024, the company had 68 projects in its order book, offering substantial project visibility. Its portfolio includes mining, metro rail, irrigation, water supply, and other infrastructure projects.
- LCC offers strong technical expertise and in-house project design capabilities. This enables the business to manage a variety of technically challenging EPC projects across several infrastructure sectors.
Risks
- In the six months ending September 30, 2024, 88.81% of the company's revenue came from projects awarded by state and federal government agencies. Its operations and financial performance could be negatively impacted by any cutbacks or delays in government project awards.
- The company's ability to successfully bid for and win new irrigation and water delivery projects is crucial to its expansion. Its future business growth could be negatively impacted if it doesn't acquire new projects.
- The actual expenses incurred during project execution may be substantially different from the estimates given during bid submission. Cost overruns may have a detrimental effect on the company's cash flows, operational outcomes, and financial situation if it is unable to recover additional expenses.
LCC Projects Financials
Restated, ₹ crore
FY24
FY25
FY26
Revenue Profit after tax
| Period ended | FY2431 Mar 2024 | FY2531 Mar 2025 | FY2631 Mar 2026 |
|---|---|---|---|
| Revenue | 2,449.79 | 2,941.01 | 3,639.45 |
| Profit after tax | 122 | 223.63 | 286.44 |
| Net worth | 382.83 | 604.99 | 888.41 |
| Total assets | 1,129.99 | 1,727.46 | 2,447.54 |
| Total borrowings | 422.3 | 649.55 | 860.65 |
| PAT margin | 4.98% | 7.6% | 7.87% |
LCC Projects Key Performance Indicators (KPIs)
ROE32.24%
ROCE27.13%
RoNW32.24%
Debt / Equity0.97
About LCC Projects IPO
LCC Projects is a mainboard IPO worth ₹427.14 crore with a price band of ₹146 per share. The issue opens on 9 September 2026 and closes on 11 September 2026. Shares are expected to list on 17 September 2026 on BSE, NSE.
LCC Projects IPO is a Mainboard IPO with an issue size of Rs. 427.14 Cr by LCC Projects Limited, which provides engineering, procurement, and construction (EPC) services for water supply and irrigation projects. The company has built dams, barrages, weirs, hydraulic structures, canals, pipe distribution networks, lift irrigation works, water supply schemes, and other EPC projects in the irrigation and water supply sector.
Sondwa Lift Micro Irrigation Project, Sidhi Bansagar Multi-Village Scheme, and Gandhi Sagar 1 Multi-Village Scheme are the top three projects in the company's Order Book as of March 31, 2026.
The construction of Tawa Left Bank Canthe, Parbati Dam Project, Dudhai Sub Branch Canal Project, and AKOT Lift Irrigation Scheme are just a few of the noteworthy projects that LCC has already completed. This new IPO is to be launched on 09 Sep 2026, and its ‘initial public offering’ will end on 11 Sep 2026.
LCC Projects IPO: FAQs
What is the subscription status of LCC Projects IPO?
The issue closed subscribed 48.51x overall (QIB 78.69x, NII 62.99x and retail 25.56x). Figures are from NSE and cover bids on both exchanges.
What was the listing price of LCC Projects IPO?
LCC Projects listed at ₹189 on 17 Sep 2026, +29.5% against the issue price of ₹146. The last GMP before listing had pointed to about ₹182, so it opened 4.8 points above the grey market estimate. It closed the first day at ₹170.1 (+16.5%).
What is the price band of LCC Projects IPO?
The LCC Projects IPO price band is ₹146 per share and the issue size is ₹427.14 crore.
What is the lot size and minimum investment for LCC Projects IPO?
One lot of LCC Projects IPO has 102 shares. The minimum application for retail investors is 1 lot (102 shares), which costs ₹14,892 at the upper price band.
When does LCC Projects IPO open and close?
LCC Projects IPO opens for subscription on Wednesday, 9 September 2026 and closes on Friday, 11 September 2026. Bids are accepted until 5 PM on the closing day.
What is the LCC Projects IPO allotment date?
The basis of allotment for LCC Projects IPO is expected to have been finalised on Monday, 14 September 2026, one working day after the issue closes (SEBI T+3 timeline).
How to check LCC Projects IPO allotment status?
Visit the website of the registrar, KFin Technologies, select LCC 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 LCC Projects IPO listing date?
LCC Projects shares listed on BSE, NSE on Thursday, 17 September 2026 at ₹189 per share.
Is LCC Projects a mainboard or SME IPO?
LCC Projects is a mainboard IPO, listing on the main board of BSE, NSE.
Last updated 28 Sep 2026, 11:54 PM IST. GMP is unofficial and indicative; dates after the issue closes are tentative. Not investment advice.