Annu Projects IPO 2026: Price Band, Dates, Lot Size & Key Details
Annu Projects Limited, a New Delhi-based engineering, procurement, and construction (EPC) company, is launching its initial public offering (IPO) on the mainboard segment of the stock exchanges. The IPO gives investors a window to bid for shares before the company lists. Below is a complete, easy-to-read breakdown of the price band, key dates, lot size, issue structure, and business snapshot of the Annu Projects IPO 2026.
Annu Projects IPO: Key Details at a Glance
Price Band and Lot Size Explained
The price band for the Annu Projects IPO has been fixed at ₹94 (lower end) to ₹99 (upper end) per equity share, with a face value of ₹10 each. The applicable lot size is 151 equity shares, and retail investors can apply for a minimum of 1 lot and a maximum of 13 lots. Key points to note:
• Minimum lot: 151 shares → ₹14,194 (lower band) to ₹14,949 (upper band)
• Maximum retail application: 13 lots (1,963 shares) → up to ₹1,94,337
• Retail investor quota: 50% of the net offer
• Non-Institutional Investor (NII/HNI) quota: 40% of the net offer
• QIB quota: 10% of the net offer
• No anchor investor portion: The offer documents indicate the IPO does not include a separate anchor investor allocation
• Application modes: ASBA (through net banking) or UPI (through brokers)
IPO Structure and Objects of the Issue
The Annu Projects IPO is a 100% fresh issue of 1,76,83,000 equity shares, with no offer-for-sale (OFS) component, meaning the entire issue proceeds will flow directly to the company. As per the offer documents, the funds raised are proposed to be used for:
• Working capital: Approx. ₹115 crore towards funding the company's working capital requirements
• Machinery and equipment: Approx. ₹15.41 crore towards purchase of machinery and equipment
• General corporate purposes: Remaining proceeds for general corporate needs
Company Snapshot: Business Overview
Annu Projects Limited is an engineering, procurement, and construction (EPC) company with a corporate history tracing back to 2003. The company is engaged in the design, development, implementation, and operations and maintenance of essential overhead and underground utilities infrastructure. Key business highlights include:
• Core focus areas: Telecom infrastructure, sewerage infrastructure, and gas pipeline projects
• Geographic reach: Operations spread across eleven states and the Union Territory of Delhi
• Registered office: New Delhi
• Promoters: Sanjay Kumar Sarraf and Krishna Ranjan
• Scope of work: Design, development, implementation, and ongoing operations and maintenance of critical utility infrastructure
Financial Performance
As per the offer documents, Annu Projects reported the following year-on-year financial performance for the year ended March 31, 2026:
• Total Income: ₹244.59 crore in FY26, compared with ₹182.35 crore in FY25
• Profit After Tax (PAT): ₹33.03 crore in FY26, compared with ₹21.10 crore in FY25
• EBITDA: ₹50.19 crore in FY26
How to Apply for the Annu Projects IPO
• Step 1: Log in to your broker's trading app or your bank's net banking/ASBA facility
• Step 2: Search for 'Annu Projects Limited' in the IPO section
• Step 3: Select the number of lots (minimum 1 lot, maximum 13 lots for retail investors) within the price band
• Step 4: Enter your UPI ID (for UPI applications) or authorise via ASBA
• Step 5: Approve the mandate request in your UPI app to block the application amount
• Step 6: Track allotment status on the registrar's website using PAN, application number, or DP/Client ID
Points Investors Should Note
• EPC sector dependence: The company's business is dependent on government and institutional contracts in telecom, sewerage, and gas pipeline infrastructure, which can be tender- and policy-driven
• Regional concentration: While operations span multiple states, project execution can be concentrated in specific geographies at any given time
• Working capital intensive: A large share of the fresh issue proceeds (₹115 crore) is earmarked for working capital, indicating the capital-intensive nature of EPC operations
• 100% fresh issue: Since there is no offer for sale, all issue proceeds are available to fund the company's stated objects
• Read the RHP: Interested applicants are encouraged to go through the company's Red Herring Prospectus (RHP) for complete details before making any decisions.
Frequently Asked Questions (FAQs)
1. When does the Annu Projects IPO open and close?
The IPO opens for subscription on August 25, 2026, and closes on August 28, 2026.
2. What is the price band of the Annu Projects IPO?
The price band is fixed at ₹94 to ₹99 per equity share, with a face value of ₹10 per share.
3. What is the lot size for this IPO?
The lot size is 151 equity shares. Retail investors can apply for a minimum of 1 lot and up to a maximum of 13 lots.
4. What is the minimum investment amount required?
At the upper price band, the minimum investment is ₹14,949 for 1 lot (151 shares).
5. What is the total issue size of the IPO?
The total issue size is up to ₹175.06 crore, comprising a 100% fresh issue of 1,76,83,000 equity shares with no offer for sale.
6. On which exchange will Annu Projects shares be listed?
The shares are proposed to be listed on both the BSE and NSE, with a tentative listing date of September 2, 2026.
7. When will the IPO allotment be finalised?
The basis of allotment is tentatively scheduled to be finalised on August 31, 2026.
8. Who is the registrar for the Annu Projects IPO?
KFin Technologies Limited is the registrar to the issue.
9. How can I apply for the IPO?
Applications can be made online through ASBA via net banking or through UPI-enabled broker platforms during the subscription window.
10. What does Annu Projects Limited do?
The company is an EPC (engineering, procurement, and construction) player focused on essential overhead and underground utilities infrastructure, including telecom, sewerage, and gas pipeline projects, with operations spanning eleven states and Delhi.
Disclaimer:
This is written for educational and informational purposes only. Nothing here constitutes investment advice or a recommendation to buy or sell securities. All data is sourced from publicly available information. Investments in securities markets are subject to market risks — please read all offer documents carefully before investing.