Archive · 20 Aug 2026
Annu Projects Sets IPO Price Band at ₹94-99 Per Share
Annu Projects is offering part of its company to the public through an IPO.
Each share will cost between ₹94 and ₹99.
People can apply for the shares from 25 August to 28 August.
One application must contain at least 151 shares.
The company hopes to raise about ₹175 crore.
It plans to spend some of the money on machinery and most of it on working capital.
Annu Projects builds and maintains infrastructure such as telecom networks, sewerage systems and gas pipelines.
If everything proceeds as scheduled, its shares could begin trading on 2 September.
Annu Projects has fixed its IPO price band at ₹94-99 per equity share, with a face value of ₹10.
The IPO will open on 25 August and close on 28 August, with anchor-investor allocation scheduled for 24 August.
The issue comprises an entirely fresh issue of 1.76 crore shares and aims to raise ₹175.06 crore.
The IPO lot size is 151 shares, while the issue allocation includes at least 10% for QIBs, up to 40% for NIIs and up to 50% for retail investors.
The company plans to use ₹15.4 crore for machinery, ₹115 crore for working capital and the remaining funds for general corporate purposes.
- Who
- Annu Projects Limited, an engineering, procurement and construction company.
- What
- The company is launching an IPO of 1.76 crore fresh equity shares to raise ₹175.06 crore.
- When
- Subscription is scheduled for 25-28 August; allotment and refunds are tentatively set for 31 August, share credit for 1 September and listing for 2 September.
- Where
- The company is based in New Delhi, and its shares are expected to list on the BSE and NSE.
- Why
- The proceeds will fund machinery and equipment purchases, working capital and general corporate purposes.
- Price band
- ₹94-99 per equity share
- Issue size
- ₹175.06 crore through 1.76 crore fresh shares
- Lot size
- 151 equity shares and multiples thereafter
- Expected market capitalisation
- Around ₹648 crore at the upper price-band level
- IPO manager
- Mefcom Capital Markets is the sole book-running lead manager
- Registrar
- Kfin Technologies
- Financial performance
- FY26 standalone revenue was ₹241.2 crore and profit was ₹33 crore
- Business segments
- Telecom infrastructure, sewerage infrastructure and gas pipelines