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₹98 - 98
Srinibas Pradhan Constructions Ltd
Infrastructure Developers & OperatorsIPOSME
₹98 - 98
The Company is engaged in infrastructure development across various domains, with a primary focus on Roads and Highways, including Rural, Major District, and Urban roads. The Company utilizing a range of materials such as Aggregate, Sand, Tar, and Cement to ensure durable and reliable construction. In addition to roads, it focuses on construction of High-Level Bridges and Steel Structures, both for bridges and sheds. its Civil Construction Services encompass a wide spectrum, from Foundations and Superstructures to Multi-Storied Structures, Factories, and Industrial Facilities. The Company engages in competitive bidding processes by participating in tenders/ bids/ quotations and complete the process for getting contracts/ work orders for diverse projects in the State of Odisha, such as Roads, Bridges, Irrigation & Canals, Civil, and Industrial construction.
Lot1,200Min Invest₹2,35,200Face Value₹10Issue Size₹20 CrFresh Issue₹17 CrOffer for Sale₹4 CrListing Price₹100CMP₹200
Timeline
6 Mar
Bidding opens
10 Mar
Bidding closes
11 Mar
Allotment
12 Mar
Refund & demat credit
13 Mar
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹20 Cr0.21 Cr shares
Fresh Issue₹17 Cr
Offer for Sale₹4 Cr
Face Value₹10
Lot Size1,200 shares
ReservationQIB 0.98% · NII 49.54% · RETAIL 49.48%
Application Sizes
Retail₹2,35,2001-1 lots
sNII₹2,35,200from 2 lots
bNII₹10,58,400from 9 lots
Managers & Registrar
Lead ManagerFast Track Finsec Pvt Ltd
RegistrarMaashitla Securities Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrRamakanta PradhanPRMTR1,80,0001.76Srinibas PradhanPRMTR1,80,0001.76Total3,60,0003.53
Shareholding
CategoryPre IPOPost IPOPromoter Group85.27%62.1%Public14.73%37.9%
Objects of the Issue
- Funding the working capital requirements of our company
- Investment in its wholly ownded subsidiary
- Repayment of portion of loan availed by our company
- General corporate purpose
Anchor Book
30-day lock-in09-Apr-202690-day lock-in08-Jun-2026
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 4 | 26 | 35 | 90 | 90 |
| Operating ProfitCr | 0 | 2 | 6 | 13 | 15 |
| OPM% | 4.5 | 8.1 | 15.8 | 14.5 | 16.6 |
| PBTCr | 0 | 2 | 5 | 9 | 11 |
| PATCr | 0 | 1 | 4 | 7 | 8 |
| EPS | 17 | 125 | 64 | 11 | 13 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 4 | 4 | 8 |
| ReservesCr | 0 | 3 | 4 | 12 | 33 |
| BorrowingsCr | 0 | 0 | 2 | 17 | 15 |
| Total AssetsCr | 4 | 6 | 21 | 56 | 80 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 0 | 0 | 3 | -14 | -5 |
| Investing Cash FlowCr | 0 | 0 | -6 | -2 | -2 |
| Financing Cash FlowCr | 0 | 1 | 3 | 16 | 14 |
| Net Cash FlowCr | 0 | 0 | 0 | 0 | 7 |
Strengths & Risks
Strengths · as stated in the DRHP
- Focused on Infrastructure and civil construction.
- Experienced management team.
- Experienced workforce.
- Strong Backward Integrations.
- Strong Order Book from various government agencies, local bodies and private companies.
- Strong execution capabilities with industry experience.
Strategies · as stated in the DRHP
- Acquire New Customers.
- Strengthen Pre-Qualification Criteria for Government Contracts.
- Backward Integrations.
- Geographical Expansion.
Risks · as stated in the DRHP
- Its business operations are focused primarily in the State of Odisha. The company relies heavily on projects undertaken or awarded within Odisha, by entities such as the local authorities, municipal bodies, and other organizations operating in the state. As a result, its revenue streams are derived entirely from contracts with a limited number of entities, exposing it to risks arising from economic, regulatory, and other changes specific to Odisha. Any adverse changes in central or state government policies could potentially lead to foreclosure, termination, restructuring, or renegotiation of its contracts. Such developments could significantly impact the company business operations and financial results.
- The company depends on certain key customers for its revenues. A decrease in the revenues the company derives from them could materially and adversely affect its business, results of operations, cash flows and financial condition.
- The Company depends on the knowledge and experience of its Promoters, Ramakanta Pradhan and Srinibas Pradhan for its growth. The loss of their services may have a material adverse effect on its business, financial condition and results of operations.
- The company has in past entered into related party transactions and its may continue to do so in the future.
- Its may not maintain profitability in the future.
- The Company has a negative cash flow from its operating and investing activities in past three years, details of which are given below, sustained negative cash flow could impact its growth and business.