LCC Projects IPO: dates, price band, lot size and GMP
LCC Projects IPO listed on 17 Sep at ₹189 (NSE, BSE). Issue dates 9 – 11 Sep 2026, price band ₹139 – ₹146, lot 102 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: LCC Projects listed on 17 Sep 2026 on NSE, BSE at ₹189, +₹43 (+29.5%) against the ₹146 upper band. LCC 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 LCC Projects IPO has a price band of ₹139 – ₹146, a lot of 102 shares and no grey-market premium reported yet as of 17 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 9 – 11 Sep 2026 |
| Price band | ₹139 – ₹146 |
| Lot size | 102 shares |
| Issue size | ₹427.14 Cr |
| Fresh issue | ₹258 Cr |
| Offer for sale | ₹169.14 Cr |
| Subscription | 49.57x |
| Registrar | Kfin Technologies Ltd. |
| Lead managers | Motilal Oswal Investment Advisors Ltd. |
| Status | Listed |
Timeline
- Issue opens: 9 Sep
- Issue closes: 11 Sep
- Allotment: 15 Sep
- Refunds: 16 Sep
- Demat credit: 16 Sep
- Listing: 17 Sep
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 78.73x |
| NII | 64.91x |
| sNII | 71.66x |
| bNII | 61.53x |
| Retail | 26.34x |
| Total | 49.57x |
Last updated 11 Sep 2026, 6:53 PM IST.
Issue details
| Face value | ₹5 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE, BSE |
| Market cap at the upper band | ₹4,229.2 Cr |
| P/E (pre-issue) | 13.87x |
| P/E (post-issue) | 14.76x |
| Fresh issue (shares) | 1,76,71,232 |
| Offer for sale (shares) | 1,15,85,000 |
| Total shares offered | 2,92,56,232 |
| Promoter holding pre-issue | 100% |
| Promoter holding post-issue | 89.9% |
| Promoters | Arjan Suja Rabari, Laljibhai Arjanbhai Ahir, Maya Arjan Rabari |
| Lead managers | Motilal Oswal Investment Advisors Ltd. |
| Registrar phone | 040-79615565 |
| Registrar email | lccpl.ipo@kfintech.com |
| Company website | lccprojects.com |
| Anchor bid date | 8 Sep 2026 |
| Anchor lock-in ends (50%) | 15 Oct 2026 |
| Anchor lock-in ends (remaining) | 14 Dec 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 102 | ₹14,892 |
| Retail (maximum) | 14 | 1,428 | ₹2,08,488 |
| sNII (minimum) | 14 | 1,428 | ₹2,08,488 |
| bNII (minimum) | 68 | 6,936 | ₹10,12,656 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 30% | 87,76,869 | |
| QIB | 20% | 58,51,247 | Not more than 50% of the Net Offer |
| NII (HNI) | 15% | 43,88,435 | Not less than 15% of the Net Offer |
| sNII | 5% | 14,62,812 | |
| bNII | 10% | 29,25,623 | |
| Retail | 35% | 1,02,39,681 | Not less than 35% of the Net Offer |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 9 Sep | 1.14x | 1.77x | 1.21x | 2.06x | 1.30x | 1.35x |
| Day 2 · 10 Sep | 1.16x | 5.49x | 7.82x | 4.32x | 4.84x | 3.93x |
| Day 3 · 11 Sep | 78.73x | 64.91x | 71.66x | 61.53x | 26.34x | 49.57x |
Key ratios as of 31 Mar 2025
| EPS (pre-issue) | ₹10.53 |
|---|---|
| EPS (post-issue) | ₹9.89 |
| P/E (pre-issue) | 13.87x |
| P/E (post-issue) | 14.76x |
| RoNW | 36.96% |
| RoCE | 27.64% |
| RoE | 36.96% |
| PAT margin | 7.66% |
| EBITDA margin | 13.74% |
| Price / book | 6.56x |
| NAV per share | ₹22.24 |
| Debt / equity | 1.23 |
| Market cap (upper band) | ₹4,229.2 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 2,447.54 | 1,727.46 | 1,129.99 | +41.7% |
| Total Income | 3,639.45 | 2,941.01 | 2,449.79 | +23.7% |
| Profit After Tax | 286.44 | 223.63 | 122 | +28.1% |
| EBITDA | 519.9 | 401.04 | 241.37 | +29.6% |
| NET Worth | 888.41 | 604.99 | 382.83 | +46.8% |
| Reserves and Surplus | 752.41 | 468.99 | 348.83 | +60.4% |
| Total Borrowing | 860.65 | 649.55 | 422.3 | +32.5% |
About LCC Projects
Incorporated in 2017, LCC Projects Limited offers engineering, procurement and construction ("EPC") services in the irrigation and water supply projects segment. The company has executed projects in the irrigation and water supply segment, such as the construction of dams, barrages, weirs, hydraulic structures, canals, pipe distribution networks, lift irrigation works, water supply schemes, and other EPC projects. As of September 30, 2024, the company's Order Book comprises 68 projects, of which Sondwa Lift Micro Irrigation Project, Sidhi Bansagar Multi - Village Scheme, and Gandhi Sagar 1 Multi-Village Scheme are the top three projects.
In the past, LCC have also executed notable projects, such as the construction of Tawa Left Bank Canthe al, Parbati Dam Projthe ect, Dudhai Sub Branch Canal Projectthe and AKOT Lift Irrigation Scheme. The company expanded its operations from eight states in Fiscal 2022 to 11 states by September 30, 2024, namely, Gujarat, Madhya Pradesh, Odisha, Rajasthan, Maharashtra, Uttar Pradesh, Karnataka, Jharkhand, Chhattisgarh, Himachal Pradesh and Haryana. As of the six months ending September 30, 2024, the company had 1,788 permanent employees.
Objects of the issue
- Purchase of equipment — ₹14.69 Cr
- Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by Company — ₹180 Cr
- General corporate purposes
Net proceeds: ₹194.69 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | Financial statements |
|---|---|---|---|---|---|---|
| LCC Projects (issuer) | 10.42 | 10.42 | 32.66 | — | 32.24% | — |
| Vishnu Prakash R Punglia | −12.04 | −12.04 | 50.54 | — | — | — |
| Enviro Infra Engineers | 10.42 | 10.41 | 70.23 | 19.14x | 15.28% | — |
Notes for listed peers: Basic EPS and Diluted EPS refer to the Basic EPS and Diluted EPS sourced from the financial statements of the respective company. P/E Ratio has been computed based on the closing market price of equity shares on NSE on August 28, 2026, divided by the diluted EPS provided. Return on net worth % is calculated as Profit for the year attributable to Owners of the respective company as a percentage of Net Worth of the respective company.
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- LCC Projects IPO listing day: listed at ₹189 (+29.5% vs the upper band), 17 Sep 2026
- LCC Projects IPO GMP today and trend
- LCC Projects IPO subscription status, day by day
- LCC Projects IPO allotment status and how to check
Frequently asked questions
When does the LCC Projects IPO open and close?
The issue is scheduled for 9 – 11 Sep 2026.
What is the LCC Projects IPO price band?
The price band is ₹139 – ₹146 per share with a lot size of 102 shares.
How big is the LCC Projects IPO?
The total issue size is ₹427.14 Cr, of which ₹258 Cr is a fresh issue and ₹169.14 Cr an offer for sale.
When will LCC Projects list?
The tentative listing date is 17 Sep on the main board.
How do I apply for the LCC 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), LCC Projects · as filed with SEBI · sebi.gov.in
- Red herring prospectus (RHP), LCC Projects · as filed · sebi.gov.in
- Registrar allotment page, Kfin Technologies Ltd. · allotment 15 Sep · ipostatus.kfintech.com
- NSE public issues page · listing 17 Sep · nseindia.com
- BSE public issues page · listing 17 Sep · bseindia.com
- LCC Projects company website · lccprojects.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 17 Sep, 04:04 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “LCC Projects IPO”, https://buyunlistedshares.com/ipo/lcc-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
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
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