Annu Projects IPO: dates, price band, lot size and GMP
Annu Projects IPO listed on 2 Sep at ₹72 (NSE, BSE). Issue dates 25 – 28 Aug 2026, price band ₹99, lot 151 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: Annu Projects listed on 2 Sep 2026 on NSE, BSE at ₹72, −₹27 (−27.3%) against the ₹99 upper band. Annu Projects IPO listing date, price and gain · Recently listed IPOs
Updated 17 Oct 2026, 22:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 208 IPOs on its calendar; the Annu Projects IPO has a price band of ₹99, a lot of 151 shares and no grey-market premium reported yet as of 17 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 25 – 28 Aug 2026 |
| Price band | ₹99 |
| Lot size | 151 shares |
| Issue size | ₹175.06 Cr |
| Fresh issue | ₹175.06 Cr |
| Subscription | 2.93x |
| Registrar | Kfin Technologies Ltd. |
| Lead managers | Mefcom Capital Markets Ltd. |
| Status | Listed |
Timeline
- Issue opens: 25 Aug
- Issue closes: 28 Aug
- Allotment: 31 Aug
- Refunds: 31 Aug
- Demat credit: 1 Sep
- Listing: 2 Sep
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 1.72x |
| NII | 3.55x |
| sNII | 4.48x |
| bNII | 3.09x |
| Retail | 2.68x |
| Total | 2.93x |
Last updated 28 Aug 2026, 6:54 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE, BSE |
| Market cap at the upper band | ₹648.38 Cr |
| P/E (pre-issue) | 14.33x |
| P/E (post-issue) | 19.64x |
| Fresh issue (shares) | 1,76,83,000 |
| Total shares offered | 1,76,83,000 |
| Promoter holding pre-issue | 89.11% |
| Promoter holding post-issue | 65.06% |
| Promoters | Sanjay Kumar Sarraf, Krishna Ranjan |
| Lead managers | Mefcom Capital Markets Ltd. |
| Registrar phone | 040-79615565 |
| Registrar email | annuprojects.ipo@kfintech.com |
| Company website | annuprojects.com |
| Anchor bid date | 24 Aug 2026 |
| Anchor lock-in ends (50%) | 30 Sep 2026 |
| Anchor lock-in ends (remaining) | 29 Nov 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 151 | ₹14,949 |
| Retail (maximum) | 14 | 2,114 | ₹2,09,286 |
| sNII (minimum) | 14 | 2,114 | ₹2,09,286 |
| bNII (minimum) | 67 | 10,117 | ₹10,01,583 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| QIB | 10% | 17,68,300 | Not more than 10% of the Issue |
| NII (HNI) | 40% | 70,73,200 | Not less than 40% of the Issue |
| sNII | 13.3% | 23,57,733 | |
| bNII | 26.7% | 47,15,467 | |
| Retail | 50% | 88,41,500 | Not less than 50% of the Issue |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 25 Aug | 0.57x | 0.36x | 0.41x | 0.33x | 0.28x | 0.34x |
| Day 2 · 26 Aug | 0.58x | 0.39x | 0.50x | 0.34x | 0.51x | 0.47x |
| Day 3 · 27 Aug | 1.16x | 0.90x | 0.71x | 0.99x | 0.81x | 0.88x |
| Day 4 · 28 Aug | 1.75x | 3.55x | 4.48x | 3.09x | 2.68x | 2.93x |
Key ratios as of 31 Mar 2025
| EPS (pre-issue) | ₹6.91 |
|---|---|
| EPS (post-issue) | ₹5.04 |
| P/E (pre-issue) | 14.33x |
| P/E (post-issue) | 19.64x |
| RoNW | 17.29% |
| RoCE | 20.59% |
| RoE | 17.29% |
| PAT margin | 11.72% |
| EBITDA margin | 17.88% |
| Price / book | 3.88x |
| NAV per share | ₹25.53 |
| Debt / equity | 0.2 |
| Market cap (upper band) | ₹648.38 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 341.82 | 233.37 | 161.34 | +46.5% |
| Total Income | 244.59 | 182.35 | 155.42 | +34.1% |
| Profit After Tax | 33.03 | 21.1 | 17.39 | +56.5% |
| EBITDA | 50.19 | 32.19 | 28.5 | +55.9% |
| NET Worth | 155.26 | 122.06 | 68.93 | +27.2% |
| Reserves and Surplus | 107.45 | 74.25 | 66.39 | +44.7% |
| Total Borrowing | 52.54 | 22.27 | 19.69 | +135.9% |
About Annu Projects
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.
Objects of the issue
- Funding capital expenditure requirements of Company for purchase of machinery or equipment — ₹15.41 Cr
- Funding working capital requirements of the Company — ₹115 Cr
- General Corporate Purposes — ₹24.16 Cr
- Issue Expenses — ₹20.49 Cr
Net proceeds: ₹175.06 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | Financial statements |
|---|---|---|---|---|---|---|
| Annu Projects (issuer) | 6.91 | 6.91 | 32.48 | — | 21.27% | Standalone |
| Likhitha Infrastructure | 9.94 | 9.94 | 104.47 | 23.17x | 9.37% | Consolidated |
| Bondada Engineering | 18.28 | 18.25 | 62.35 | 16.6x | 28.82% | Consolidated |
| EMS | 16.3 | 16.3 | 190.03 | 24.65x | 8.62% | Consolidated |
| Suyog Telematics | 54.7 | 52.4 | 42.5 | 16.11x | 12.88% | Standalone |
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.
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- Annu Projects IPO listing day: listed at ₹72 (−27.3% vs the upper band), 2 Sep 2026
- Annu Projects IPO GMP today and trend
- Annu Projects IPO subscription status, day by day
- Annu Projects IPO allotment status and how to check
Frequently asked questions
When does the Annu Projects IPO open and close?
The issue is scheduled for 25 – 28 Aug 2026.
What is the Annu Projects IPO price band?
The price band is ₹99 per share with a lot size of 151 shares.
How big is the Annu Projects IPO?
The total issue size is ₹175.06 Cr.
When will Annu Projects list?
The tentative listing date is 2 Sep on the main board.
How do I apply for the Annu Projects IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Annu Projects · as filed with SEBI · nsearchives.nseindia.com
- Red herring prospectus (RHP), Annu Projects · as filed · sebi.gov.in
- Registrar allotment page, Kfin Technologies Ltd. · allotment 31 Aug · ipostatus.kfintech.com
- NSE public issues page · listing 2 Sep · nseindia.com
- BSE public issues page · listing 2 Sep · bseindia.com
- Annu Projects company website · annuprojects.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 2 Sep, 04:06 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Annu Projects IPO”, https://buyunlistedshares.com/ipo/annu-projects-ipo, as of 17 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 17 Oct 2026.
Guides for IPO applicants and pre-IPO holders
- The risks of buying unlisted and pre-IPO shares in India
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