Archive · 17 Sep 2026
LCC Projects Shares Surge Over 31% In Market Debut
LCC Projects is a company that builds water and irrigation infrastructure.
Its shares began trading on Thursday.
The shares opened much higher than the price offered in the IPO.
They rose by more than 31% on the BSE and nearly 30% on the NSE.
Many investors wanted to buy shares in the IPO.
The company plans to use some of the new money to buy equipment and repay debt.
It also works on dams, canals, pipelines and water-supply projects.
Investors will watch how well it completes projects and grows its business.
LCC Projects shares listed at ₹191.90 on the BSE, gaining 31.43% over the ₹146 IPO price.
The shares opened at ₹189 on the NSE, up 29.45%.
The company’s ₹427-crore IPO was subscribed 48.51 times and attracted ₹128.14 crore from anchor investors.
LCC Projects plans to use fresh-issue proceeds for equipment purchases, debt repayment and general corporate needs.
The company executes water and irrigation infrastructure projects, including dams, canals, pipelines and water-supply systems.
- Who
- LCC Projects and investors in its initial public offering.
- What
- LCC Projects shares made a strong stock-market debut, opening more than 29% above their ₹146 IPO price.
- When
- Thursday, on the shares’ listing day.
- Where
- On the BSE and NSE; the company is based in the Mumbai market context described in the report.
- Why
- Investor demand was strong, with the IPO subscribed 48.51 times; the company will use fresh-issue proceeds for equipment, debt repayment and general corporate needs.
- IPO issue price
- ₹146 per share
- BSE opening price
- ₹191.90, up 31.43%
- NSE opening price
- ₹189, up 29.45%
- IPO size
- ₹427 crore
- IPO subscription
- 48.51 times
- Anchor investment
- ₹128.14 crore
- Post-listing market capitalisation
- ₹5,004.07 crore