Skip to main content
HOMEUNLISTED SHARESIPO CALENDARROAD TO IPOBLOGSPARTNER WITH US
MORE TO EXPLORE
OPEN DEMAT
ENQUIRE NOW
‹ BACK TO THE DEPARTURES BOARD
Annu Projects logo
ONE SERVICE ON THE DEPARTURES BOARD

ANNU PROJECTS IPO

ALREADY DEPARTEDNSE, BSE · MAINBOARD · CIVIL CONSTRUCTION
INDICATIVE FARE / PRICE BAND
₹99
BAND INDICATIVE · NOTHING FINAL UNTIL THE RHP
FIGURES ON THIS PAGE AS OF 02 SEPT 2026, 12:02 IST · REFRESHED THROUGH THE DAY
THE FARE BOARD · KEY NUMBERS

BY THE NUMBERS.

PRICE BAND
₹99
LOT SIZE
151 SHARES
ISSUE SIZE
₹175.06 CR
MIN INVESTMENT
₹14,949 · 151 SHARES
P/E RATIO
14.33
THE TIMETABLE · FOUR STOPS
THE JOURNEY.
OPENS
25 AUG 26
✓ STOP CLEARED
CLOSES
28 AUG 26
✓ STOP CLEARED
ALLOTMENT
31 AUG 26
✓ STOP CLEARED
LISTING
02 SEPT 26
✓ STOP CLEARED
ANCHOR BIDDING24 AUG 26REFUNDS INITIATED31 AUG 26SHARES IN DEMAT01 SEPT 26ANCHOR LOCK-IN ENDS · 30 DAY30 SEPT 26ANCHOR LOCK-IN ENDS · 90 DAY29 NOV 26
TIMETABLE AS FILED · DATES CAN MOVE · CONFIRM AGAINST THE OFFICIAL RHP AND THE REGISTRAR
END OF THE LINE · LISTING DAY

WHERE IT LANDED.

LISTING PRICE
₹72
DAY-1 LISTING GAIN
-27.27%
THE BOOKING SHEET · SUBSCRIPTION

HOW FULL THE BUS GOT.

OVERALL SUBSCRIPTION2.93×
QIB1.72×
NII3.55×
SMALL HNI4.48×
BIG HNI3.09×
RETAIL2.68×
THE CENTRE TICK = 1× · BUS FULL · SUBSCRIPTION FIGURES AS REPORTED BY THE EXCHANGES · TIMES THE ISSUE · INFORMATION ONLY
THE FARE TABLE · WHAT AN APPLICATION COSTS

TICKET CLASSES.

APPLICATIONLOTSSHARESAMOUNT
RETAIL · MINIMUM · AS PUBLISHED1151₹14,949
RETAIL · MAXIMUM · COMPUTED131,963₹1,94,337
SMALL HNI · MINIMUM · AS PUBLISHED142,114₹2,09,286
SMALL HNI · MAXIMUM · COMPUTED669,966₹9,86,634
BIG HNI · MINIMUM · AS PUBLISHED6710,117₹10,01,583
EACH ROW SAYS WHETHER ITS FIGURES ARE THE QUANTITIES PUBLISHED FOR THIS ISSUE OR OUR OWN ARITHMETIC · COMPUTED ROWS ARE LOT SIZE × UPPER BAND · AMOUNTS AT THE UPPER BAND OF ₹99 · CATEGORY LIMITS PER SEBI THRESHOLDS (₹2 LAKH RETAIL CEILING, ₹10 LAKH SHNI/BHNI BOUNDARY) · INFORMATION ONLY · WE DO NOT ACCEPT OR PROCESS IPO APPLICATIONS
THE MANIFEST · ISSUE STRUCTURE

HOW THE ISSUE IS BUILT.

FACE VALUE
₹10
ISSUE TYPE
BOOK BUILD ISSUE
FRESH ISSUE
₹175.06 CR
1,76,83,000 SHARES
TOTAL SHARES OFFERED
1,76,83,000

The two legs send the money to different places: a fresh issue raises new capital for the company, while an offer for sale is existing shares being sold by existing shareholders, whose proceeds go to those sellers and not to the company.

FIGURES AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
THE GAUGES · VALUATION AND RETURNS

ON THE DASHBOARD.

EPS · PRE-ISSUE
6.91
EPS · POST-ISSUE
5.04
P/E RATIO
14.33
P/E · POST-ISSUE
19.64
RONW
17.29%
ROCE
20.59%
ROE
17.29%
PAT MARGIN
11.72%
EBITDA MARGIN
17.88%
PRICE / BOOK
3.88
NAV PER SHARE
₹25.53
DEBT / EQUITY
0.2
MARKET CAP
₹648.38 CR
FIGURES STATED AS OF 31 MAR 2025 · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · A REPORTED RATIO IS NOT A VIEW ON VALUE · CONFIRM AGAINST THE OFFICIAL RHP
THE LOGBOOK · REPORTED FINANCIALS

THE RUNNING RECORD.

INR CR31 MAR 2431 MAR 2531 MAR 26
ASSETS161.34233.37341.82
TOTAL INCOME155.42182.35244.59
PROFIT AFTER TAX17.3921.133.03
EBITDA28.532.1950.19
NET WORTH68.93122.06155.26
RESERVES AND SURPLUS66.3974.25107.45
TOTAL BORROWING19.6922.2752.54
AMOUNTS IN INR CR · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · CONFIRM AGAINST THE OFFICIAL RHP
OTHER SERVICES ON THIS ROUTE · PEER GROUP

WHO ELSE RUNS THIS LINE.

PEEREPS (BASIC)EPS (DILUTED)NAV (₹ PER SHARE)P/E (X)RONW (%)FINANCIAL STATEMENTS
Annu Projects · THIS ISSUER6.916.9132.4821.27Standalone
Likhitha Infrastructure9.949.94104.4723.179.37Consolidated
Bondada Engineering18.2818.2562.3516.628.82Consolidated
EMS16.316.3190.0324.658.62Consolidated
Suyog Telematics54.752.442.516.1112.88Standalone
PEER GROUP STRUCK AS AT 31 MAR 2024 · AS PUBLISHED FOR THIS ISSUE · NOT LIVE MARKET QUOTES, AND NOT A COMPARISON DRAWN BY BUYUNLISTEDSHARES
THE NOTE PUBLISHED WITH THIS PEER GROUP

Notes: Basic Earnings per Equity Share (₹) = Net profit after tax of the Company, as restated / Weighted average no. of Equity Shares outstanding during the year. Diluted Earnings per Equity Share (₹) = Net Profit after tax of the Company, as restated / Weighted average no. of potential Equity Shares outstanding during the year. Net Asset Value per Equity Share = net worth divided by the outstanding number of Equity Shares outstanding at the end of the year. P/E Ratio has been computed based on the closing market price of the equity shares (Source: NSE for EMS Limited and Likhitha Infrastructure Limited and BSE for Bondada Engineering Limited and Suyog Telecom Limited) on July 27, 2026, divided by the EPS of March 31, 2026. Return on Net Worth (%) = Restated Profit for the year as a percentage of the net worth as at the end of the year.

WHERE THE FARE GOES · OBJECTS OF THE ISSUE

WHAT THE MONEY IS FOR.

OBJECT OF THE ISSUEINR CR
Funding capital expenditure requirements of Company for purchase of machinery or equipment15.41
Funding working capital requirements of the Company115
General Corporate Purposes24.16
Issue Expenses20.49
INR CR 175.06 ALLOCATED IN TOTAL · OBJECTS AND AMOUNTS AS PUBLISHED FOR THIS ISSUE · AN OBJECT WITH NO AMOUNT AGAINST IT IS SHOWN AS PUBLISHED · CONFIRM AGAINST THE OFFICIAL RHP
THE SEATING PLAN · CATEGORY RESERVATION

WHO GETS WHICH SEATS.

QIB
17,68,300
Not more than 10% of the Issue
NII (HNI)
70,73,200
Not less than 40% of the Issue
SNII
23,57,733
SHARES
BNII
47,15,467
SHARES
RETAIL
88,41,500
Not less than 50% of the Issue
1,76,83,000 SHARES ACROSS ALL CATEGORIES · CATEGORY SPLIT AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
ABOUT THIS SERVICE

Annu Projects Limited is an engineering, procurement, and construction (EPC) company specializing in the development, execution, operation, and maintenance of critical utility infrastructure projects. The company undertakes both overhead and underground infrastructure works across the telecom, sewerage, and gas distribution sectors. Business Segments: Telecom Infrastructure: Provides end-to-end solutions including surveying, network design, installation of optical fiber cabling, telecom towers, communication systems, automation solutions, and electronic security infrastructure. Its clientele includes organizations such as Bharat Sanchar Nigam Limited (BSNL), Bharat Broadband Network Limited (BBNL), A2Z Infra Engineering Limited, and G R Infraprojects Limited. Sewerage Infrastructure: Executes sewerage and wastewater management projects involving pipeline installation, manhole construction, sewerage treatment plants (STPs), pumping stations, and associated civil and structural works. Gas Pipeline Infrastructure: Engaged in the laying of MDPE pipelines ranging from 20 mm to 125 mm in diameter and the installation of gas connections for residential and commercial consumers. The company has worked with leading city gas distribution companies, including Indraprastha Gas Limited, Gujarat Gas Limited, and GAIL (India) Limited. As of March 31, 2025, the company had an order book comprising 32 ongoing projects with an aggregate value of approximately ₹13,620.90 million. These projects included 5 telecom infrastructure projects, 14 sewerage infrastructure projects, and 13 gas pipeline projects. Key Strengths: Established expertise in EPC projects focused on underground and overhead utility infrastructure. Comprehensive project management capabilities supported by integrated execution across project lifecycles. Robust order book providing strong revenue visibility. Track record of stable financial growth and operational performance. Experienced leadership team with significant industry knowledge and execution expertise.

THE CREW · WHO IS RUNNING THIS SERVICE

ON THE ROSTER.

PROMOTERS
NAMES
Sanjay Kumar Sarraf, Krishna Ranjan
HOLDING PRE-ISSUE
89.11%
HOLDING POST-ISSUE
65.06%
BOOK-RUNNING LEAD MANAGERS
1 APPOINTED
Mefcom Capital Markets Ltd.
REGISTRAR TO THE ISSUE
NAME
Kfin Technologies Ltd.
PHONE
040-79615565
THE COMPANY
PHONE
+91 11 40114238
REGISTERED OFFICE
B-1, Plot No. 11, Local Shopping Complex Vasant Kunj, South Delhi, New Delhi, 110070
DETAILS AS PUBLISHED FOR THIS ISSUE · ALLOTMENT IS HANDLED BY THE REGISTRAR, NOT BY BUYUNLISTEDSHARES · WE NEVER ASK FOR PAN OR APPLICATION DETAILS
THE ENQUIRY DESK · QUESTIONS

COMMON QUESTIONS.

What is the Annu Projects IPO price band?+

The indicative price band is ₹99 per share. The binding terms are the ones in the Red Herring Prospectus (RHP).

What is the lot size of the Annu Projects IPO?+

One lot is 151 shares. At the upper band of ₹99, one lot works out to ₹14,949.

How many lots can a retail investor apply for in the Annu Projects IPO?+

A retail application runs from 1 lot (151 shares, ₹14,949) up to 13 lots (1,963 shares, ₹1,94,337) — the most that fits under SEBI's ₹2 lakh retail ceiling.

What is the minimum HNI application in the Annu Projects IPO?+

A small-HNI (sHNI) application starts at 14 lots — 2,114 shares, ₹2,09,286. A big-HNI (bHNI) application starts at 67 lots — 10,117 shares, ₹10,01,583, above the ₹10 lakh boundary.

When does the Annu Projects IPO open and close?+

The issue opened on 25 Aug 2026 and closed on 28 Aug 2026. Dates can move — the registrar and the exchange notices are the record.

When is the Annu Projects IPO allotment?+

Allotment is scheduled for 31 Aug 2026. The basis of allotment is published by the registrar to the issue. BuyUnlistedShares does not accept, process or track IPO applications.

When did Annu Projects list?+

Listing took place on 02 Sept 2026 on NSE, BSE.

Where will Annu Projects be listed?+

Annu Projects is listed on NSE, BSE. It is a mainboard issue.

How large is the Annu Projects IPO?+

The issue size is ₹175.06 Cr — a fresh issue of ₹175.06 cr. Figures are indicative and subject to the RHP.

How was the Annu Projects IPO subscribed?+

The issue was subscribed 2.93× overall. By category: qib 1.72×, nii 3.55×, small hni 4.48×, big hni 3.09×, retail 2.68×. Subscription figures are as reported by the exchanges.

At what price did Annu Projects list?+

Annu Projects listed at ₹72, -27.27% against the issue price.

Who is the registrar for the Annu Projects IPO?+

The registrar to the issue is Kfin Technologies Ltd. (040-79615565), annuprojects.ipo@kfintech.com.

Where can I check the Annu Projects IPO allotment status?+

Allotment status is published by the registrar on its own official portal: https://ipostatus.kfintech.com/. Use the registrar's site directly — BuyUnlistedShares does not ask for PAN, application numbers or any other applicant detail.

What is the P/E ratio of the Annu Projects IPO?+

The P/E ratio on file for this issue is 14.33, and the post-issue P/E is 19.64, stated as of 31 Mar 2025. A reported ratio is not a view on value.

‹ SEE EVERY SERVICE ON THE DEPARTURES BOARD
ASK ABOUT UNLISTED SHARES →
PRE-IPO STOCK ONLY · WE DO NOT ACCEPT IPO APPLICATIONS
Dates, price band, lot size, issue size and subscription figures are indicative and subject to the official Red Herring Prospectus (RHP). Application amounts shown in the fare table are arithmetic on the lot size and the upper band against SEBI's category thresholds — they are not an application facility and we do not accept IPO applications. GMP is unofficial grey-market chatter that changes daily — not a target, not a quote and not a recommendation. This page is information only: it is not an offer to deal and not investment advice. BuyUnlistedShares provides information and research, not buy/sell recommendations. All IPOs carry market risk — read the RHP and assess suitability before applying.
© 2026 BUYUNLISTEDSHARES · A BRAND OF GAYATRI FINANCIAL SYNERGY · SINCE 2002 · ‹ BACK TO THE RIDE
TODAY'S INDICATIVE PRICES — PARAG PARIKH FINANCIAL ADVISORY SERVICES LIMITED ₹20,400 · CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED ₹10,400 · HDFC SECURITIES LIMITED ₹7,990 · NATIONAL STOCK EXCHANGE (NSE) ₹1,985 · BOAT (IMAGINE MARKETING LIMITED) ₹895 · CHENNAI SUPER KINGS (CSK) ₹249 · BIRA 91 (B9 BEVERAGES LIMITED) ₹82 · ZEPTO ₹33 · ORAVEL STAYS (OYO ROOMS) ₹24.5 · HUTTI GOLD MINES COMPANY LIMITED ₹1,19,838 — INDICATIVE, NOT AN OFFER TO DEAL —TODAY'S INDICATIVE PRICES — PARAG PARIKH FINANCIAL ADVISORY SERVICES LIMITED ₹20,400 · CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED ₹10,400 · HDFC SECURITIES LIMITED ₹7,990 · NATIONAL STOCK EXCHANGE (NSE) ₹1,985 · BOAT (IMAGINE MARKETING LIMITED) ₹895 · CHENNAI SUPER KINGS (CSK) ₹249 · BIRA 91 (B9 BEVERAGES LIMITED) ₹82 · ZEPTO ₹33 · ORAVEL STAYS (OYO ROOMS) ₹24.5 · HUTTI GOLD MINES COMPANY LIMITED ₹1,19,838 — INDICATIVE, NOT AN OFFER TO DEAL —