Home
Charts
Search
Watchlist
Products
All IPOs
₹139 - 146
LCC Projects Ltd
Infrastructure Developers & OperatorsIPO
₹139 - 146
Founded in 2004, LCC Projects is an EPC (engineering, procurement, and construction) infrastructure contractor building large-scale irrigation canals, dams, and municipal water pipelines for state governments across India through an integrated in-house engineering and heavy equipment setup. The company relies on public-sector turnkey contracts backed by proprietary equipment and in-house hydraulic modeling teams to execute water security projects across regional command areas.
Lot102Min Invest₹14,892Face Value₹5Issue Size₹427 CrFresh Issue₹258 CrOffer for Sale₹169 Cr
Timeline
9 Sept
Bidding opens
11 Sept
Bidding closes
15 Sept
Allotment
16 Sept
Refund & demat credit
17 Sept
Listing
Subscription
Subscription opens 9 Sept
Reports
Offer Details
Terms
Issue Size₹427 Cr
Fresh Issue₹258 Cr
Offer for Sale₹169 Cr
Face Value₹5
Lot Size102 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹14,8921-13 lots
sNII₹2,08,488from 14 lots
bNII₹10,12,656from 68 lots
Managers & Registrar
Lead ManagerMotilal Oswal Investment Advisors Ltd
RegistrarKFin Techologies Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrArjan Suja RabariPRMTR57,92,50084.57Laljibhai Arjanbhai AhirPRMTR57,92,50084.57Total1,15,85,000169.14
Shareholding
CategoryPre IPOPost IPOPromoter Group100%89.9%Public0%10.1%
Objects of the Issue
- Purchase of equipment
- Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the company
- General corporate purposes
Anchor Book
Bid Date08-Sep-2026
Strengths & Risks
Strengths · as stated in the DRHP
- Multidisciplinary EPC company in India for irrigation and water supply projects.
- Strong Order Book and diversified project portfolio.
- In-house project designing capabilities with robust technical knowledge.
- Strong risk management, project selection and dispute resolution processes.
- Efficient business model.
- Experienced management team and qualified personnel with significant industry experience.
Strategies · as stated in the DRHP
- Strengthen our presence in India by expanding our geographical footprint.
- Diversify and optimize our project mix and cater to large and more complex projects.
- Continue to invest in our technology infrastructure to enhance in-house design and engineering, and project execution capabilities and thereby improve operational efficiencies.
- Continue to focus on efficient cost management in relation to project execution.
- Growing a highly skilled and motivated workforce and strengthening our equipment base.
Risks · as stated in the DRHP
- Our inability to collect receivables outstanding and due to be paid by our customers, in a timely manner, or at all, may adversely affect our business, financial condition, results of operations and cash flows.
- We have certain contingent liabilities which have been disclosed in our Restated Consolidated Financial Information, which if they materialize, may adversely affect our results of operations, cash flows and financial condition.
- Our business operations are being conducted on premises leased from third parties. Our inability to continue operating from such premises, or to seek renewal or extension of such leases may have an adverse effect on our business, operations and financial condition.
- Our Company has a significantly higher level of indebtedness and leverage compared to our listed industry peers, which could increase our financial risk and adversely affect our operational flexibility and competitive position.
- Revenue from our top ten customers comprise a significant portion of our revenue from operations i.e. 72.30% for Fiscal 2026, 84.10% for the Fiscal 2025, and 82.76% for the Fiscal 2024. Any failure to maintain our relationship with these customers, any adverse changes affecting their financial condition or the loss of any of our customers will have an adverse effect on our business, results of operations, financial condition and cash flows.
- There are outstanding legal proceedings involving our Company, Subsidiaries, Promoters and Directors. Any adverse decision in such proceedings may adversely affect our business, financial condition and results of operations.