Annu Projects Limited IPO Price: ₹94 to ₹99 per share
IPO Dates: 25 Aug to 28 Aug, 2026
Company Overview
Annu Projects Limited is an engineering, procurement, and construction (EPC) company engaged in the design, development, implementation, operations, and maintenance of essential overhead and underground utilities infrastructure across telecom infrastructure, sewerage infrastructure, and gas pipeline verticals.
Business Operations
The company undertakes engineering, procurement, and commissioning projects with a focus on overhead and underground utilities infrastructure.
Telecom Infrastructure
The company undertakes surveying, designing, and installation of cabling and tower infrastructure for communication, automation, and electronic security systems.
Its customers include Bharat Sanchar Nigam Limited, A2Z Infra Engineering Limited, Bharat Broadband Network Limited, and G R Infraprojects Limited.
Sewerage Infrastructure
The company undertakes pipe laying, construction of manholes, construction of sewerage treatment plants, construction of pumping stations, and construction of structural facilities.
Gas Pipeline
The company undertakes laying of MDPE ranging from 20 mm to 125 mm in diameter, along with 38,300 GI house connections for domestic and commercial gas supply.
Its customers include Indraprastha Gas Limited, Gujarat Gas Limited, and GAIL India Limited.
Order Book
As on June 30, 2026, the company had 23 ongoing projects worth Rs 19,593.48 million, including 4 telecom infrastructure projects, 14 sewerage infrastructure projects, 4 gas pipeline projects, and 1 railway signalling project.
Project Management
The company has integrated project management and execution capabilities across its infrastructure projects.
Competitive Strengths
- Engineering, procurement, and commissioning projects with special focus on underground and overhead utilities infrastructure.
- Project management with integrated execution capabilities.
- Strong order book.
- Strong and consistent financial performance.
- Experienced leadership and strong management team.
Bidding Starts In
Annu Projects Limited IPO Specifics:
| IPO Date | 25 to 28 Aug, 2026 |
| Listing Date | Wed, Sep 2, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹94 to ₹99 |
| Lot Size | 151 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,76,83,000 shares (agg. up to ₹175 Cr) |
| Fresh Issue | 1,76,83,000 shares (agg. up to ₹175 Cr) |
| Share Holding Pre Issue | 4,78,09,670 shares |
| Share Holding Post Issue | 6,54,92,670 shares |
Annu Projects Limited IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Tue, Aug 25, 2026 |
| IPO Close | Fri, Aug 28, 2026 |
| Allotment | Mon, Aug 31, 2026 |
| Refund | Mon, Aug 31, 2026 |
| Credit of Shares | Tue, Sep 1, 2026 |
| Listing | Wed, Sep 2, 2026 |
Annu Projects Limited IPO Lot Size
Bidders have the opportunity to bid for a minimum of 151 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 151 | ₹14,949 |
| Retail (Max) | 13 | 1963 | ₹1,94,337 |
| S-HNI (Min) | 14 | 2114 | ₹2,09,286 |
| S-HNI (Max) | 66 | 9,966 | ₹9,86,634 |
| B-HNI (Min) | 67 | 10,117 | ₹10,01,583 |
Annu Projects Limited IPO Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 10% of the Issue |
| Retail | Not less than 50% of the Issue |
| NII | Not less than 40% of the Issue |
Annu Projects Limited IPO Financial Information
| Particulars (₹ Cr) | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 341.82 | 233.37 | 161.34 |
| Total Income | 244.59 | 182.35 | 155.42 |
| Profit After Tax | 33.03 | 21.10 | 17.39 |
| EBITDA | 50.19 | 32.19 | 28.50 |
| Net Worth | 155.26 | 122.06 | 68.93 |
| Reserves & Surplus | 107.45 | 74.25 | 66.39 |
| Total Borrowing | 52.54 | 22.27 | 19.69 |
Key Performance Indicator- Annu Projects Limited IPO
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 21.27% | 17.29% |
| ROCE | 22.66% | 20.59% |
| Debt/Equity | 0.34 | 0.20 |
| RoNW | 21.27% | 17.29% |
| PAT Margin | 13.69% | 11.72% |
| EBITDA Margin | 20.81% | 17.88% |
| NAV | 32.47 | 25.53 |
| Price to Book Value | – | 3.88 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 6.91 | 5.04 |
| P/E (x) | 14.33 | 19.64 |
| Market Cap at Offer Price | ₹473Cr. | ₹648.38 Cr |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
Kaashika is a social media strategist and financial content creator at Lakshmishree. She specialises in simplifying complex IPO and stock market concepts into clear, easy-to-understand content. Having created over 500+ pieces of financial content across reels, blogs, website posts and digital creatives, Kaashika helps audiences connect with the world of finance in a more accessible and engaging way.
