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SrinibasPradhanConstructions IPO

Srinibas Pradhan Constructions
Start Date06-03-2026
Application Timing10am-5pm
Price Range₹91 - ₹98
Min Qty1200
Min. Investment₹117600
Listing Date13-03-2026
Close Date10-03-2026

About Srinibas Pradhan Constructions

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.

Why To Invest in Srinibas Pradhan Constructions

Strong Infrastructure Sector Demand : India’s infrastructure sector continues to grow due to increasing government spending on roads, highways, bridges, and industrial development.
Growing Financial Performance : The company has shown steady growth in revenue and profit over the last few financial years, reflecting improving business operations.
Healthy Order Book : As of February 2026, the company has an order book of approximately Rs. 184.06 crore, which provides future revenue visibility.
Experienced Promoters and Workforce : The promoters and management team have experience in infrastructure development and project execution.
Diversified Project Portfolio  : SPCL works across multiple infrastructure segments including roads, bridges, civil construction, and industrial projects.

Financial Table
Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets56.6755.7620.836.50
Total Income 45.6389.7335.2726.35
Profit After Tax4.116.593.551.48
EBITDA7.6413.015.582.15
NET Worth22.0115.917.722.67
Reserves and Surplus 15.8711.553.572.57
Total Borrowing17.1717.251.880.06
Strengths And Risks
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Established Reputation in Infrastructure Projects: The company has built credibility through its involvement in infrastructure development projects across different sectors.
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Experienced Management Team: The promoters and workforce have experience in handling complex construction and infrastructure projects.
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Strong Backward Integration: The company maintains operational control over several construction activities, helping improve efficiency and project execution.
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Diverse Project Portfolio: SPCL undertakes projects related to roads, bridges, irrigation works, and industrial infrastructure.
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Healthy Order Book: A strong order book of about Rs. 184.06 crore provides future revenue visibility.
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Dependence on Government Projects: A significant portion of revenue comes from government infrastructure projects, which may be affected by policy changes or delays.
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High Competition in Infrastructure Sector: The infrastructure construction industry in India is highly competitive with many established players.
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Aggressive IPO Pricing: Based on available financial data, the IPO valuation appears relatively expensive compared to some SME peers.
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Limited Operating History: The company was incorporated in 2020, which means it has a relatively short business track record.
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