Srinibas Pradhan Constructions Limited
Minimum investment
Bidding date
06 Mar - 10 Mar 2026
Price range
₹91 - ₹98
Minimum quantity
1,200
Minimum investment
₹1,17,600
Issue size
₹20 Cr.
IPO doc (link)
RHP docsListing exchange
NSE/BSE
Srinibas Pradhan Constructions Limited (SPCL) was incorporated in 2020 and operates in the infrastructure and utilities sector in India. The company primarily focuses on the execution of infrastructure projects such as roads, highways, bridges, electricity infrastructure, and mining infrastructure. The company undertakes construction of rural roads, major district roads, and urban roads using materials like aggregates, sand, tar, and cement to ensure long-lasting infrastructure. In addition to road construction, SPCL also develops bridges, steel structures for bridges and industrial sheds, and provides civil construction services including foundations, multi-storey buildings, factories, and industrial facilities. The company participates in competitive bidding for infrastructure projects mainly in the state of Odisha. Its clients include state government departments, public sector undertakings, and private corporate companies. SPCL’s project portfolio includes roads, bridges, irrigation and canal works, civil construction projects, and industrial development. As of February 15, 2026, the company reported a consolidated order book of around Rs. 184.06 crore, indicating a pipeline of upcoming projects. The company’s promoters are Mr. Ramakanta Pradhan and Mr. Srinibas Pradhan.
Established Reputation in Infrastructure Projects: The company has built credibility through its involvement in infrastructure development projects across different sectors.
Experienced Management Team: The promoters and workforce have experience in handling complex construction and infrastructure projects.
Strong Backward Integration: The company maintains operational control over several construction activities, helping improve efficiency and project execution.
Diverse Project Portfolio: SPCL undertakes projects related to roads, bridges, irrigation works, and industrial infrastructure.
Healthy Order Book: A strong order book of about Rs. 184.06 crore provides future revenue visibility.
Dependence on Government Projects: A significant portion of revenue comes from government infrastructure projects, which may be affected by policy changes or delays.
High Competition in Infrastructure Sector: The infrastructure construction industry in India is highly competitive with many established players.
Aggressive IPO Pricing: Based on available financial data, the IPO valuation appears relatively expensive compared to some SME peers.
Limited Operating History: The company was incorporated in 2020, which means it has a relatively short business track record.
4.11 Cr.
Sep'25
7.64 Cr.
Sep'25
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