Incorporated in 2020, Srinibas Pradhan Constructions Limited (SPCL) operates in the infrastructure and utilities sector, specializing in the execution of projects related to roads, highways, bridges, electricity infrastructure, and mining infrastructure.
Core Business Activities
SPCL is actively engaged in infrastructure development across a range of sectors, with a primary focus on:
- Roads and Highways: Construction of rural, major district, and urban roads using high-quality materials such as aggregates, sand, tar, and cement to ensure long-lasting and reliable infrastructure.
- Bridges and Steel Structures: Execution of high-level bridges and steel structures for bridges and industrial sheds.
- Civil Construction: Delivery of comprehensive civil construction services including foundations, superstructures, multi-storied buildings, factories, and industrial facilities.
SPCL participates in competitive bidding processes for infrastructure projects across the state of Odisha, catering to state government departments, central and state public sector undertakings, as well as private corporate clients.
The company's project portfolio covers roads, bridges, irrigation and canal works, civil construction, and industrial development.
As on Feb 15, 2026, the company has reported consolidated Order Book of Rs. 18,406.95 lakhs.
Competitive strengths:
- Established Reputation
- Experienced Workforce
- Strong Backward Integration
- Diverse Portfolio
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding the working capital requirements of the Company. | ₹11.55 |
| Repayment of portion of loan availed by our Company | ₹1.00 |
| General Corporate Purpose. | — |
| Metric | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 56.67 | 55.76 | 20.83 |
| Revenue | 45.63 | 89.73 | 35.27 |
| PAT | 4.11 | 6.59 | 3.55 |
| EBITDA | 7.64 | 13.01 | 5.58 |
| Net Worth | 22.01 | 15.91 | 7.72 |
| Reserves | 15.87 | 11.55 | 3.57 |
| Total Borrowing | 17.17 | 17.25 | 1.88 |
- 1 Initiation of Refund 12 Mar 2026
- 2 Credit of Shares to Demat 12 Mar 2026
- Retail allocation is strong at 47.0% of the total offering.
- HNI/NII demand is strong at 47.1%.
- Institutional (QIB) interest is moderate at 0.9%.
- The IPO P/E of 9.37x reflects a strong valuation relative to typical market ranges.
- Pre-issue EPS of ₹10.71 compares to post-issue EPS of ₹10.45 after dilution.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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