Annu Projects Limited IPO

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Price Band

94 – ₹99

Issue Size

175.06 Cr

Issue Dates

25 Aug 28 Aug 2026

Listing Date

2 Sept 2026

About Annu Projects Ltd.

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. Key verticals: Telecom Infrastructure - surveying, designing, and installing cabling and tower infrastructure for communication, automation, and electronic security systems, with customers including Bharat Sanchar Nigam Limited, A2Z Infra Engineering Limited, Bharat Broadband Network Limited and G R Infraprojects Limited; Sewerage Infrastructure - pipe laying, construction of manholes, sewerage treatment plants, pumping stations and structural facilities; Gas Pipeline - laying MDPE pipelines ranging from 20 mm to 125 mm in diameter, along with 38,300 GI house connections for domestic and commercial gas supply, serving customers including Indraprastha Gas Limited, Gujarat Gas Limited and GAIL India Limited. As on June 30, 2026, it had 23 ongoing projects worth ₹19,593.48 million, including 4 telecom infra projects, 14 sewerage, 4 gas pipeline projects and 1 railway signalling project.

IPO Details

Price Band₹94 – ₹99
Face Value₹10
Issue Size₹175.06 Cr
Fresh Issue₹175.06 Cr
Total Shares Offered1,76,83,000
Listed OnBoth

Objects of the Issue

Funding capital expenditure requirements of the Company for purchase of machinery or equipment: ₹15.41 Cr; Funding working capital requirements of the Company: ₹115.00 Cr; General Corporate Purposes: amount not disclosed. Total (as per RHP object table): ₹130.41 Cr. Note: this total does not fully reconcile with the ₹175 Cr issue size, likely due to the undisclosed General Corporate Purposes amount and issue-related expenses.

Key Financial Metrics

ROE

21.27%

ROCE

22.66%

Debt / Equity

0.34

Financial Performance

Particulars (₹ Cr)FY2024FY2025FY2026
Revenue
EBITDA28.532.1950.19
PAT17.3921.133.03
Total Assets161.34233.37341.82
Net Worth68.93122.06155.26
Total Borrowings19.6922.2752.54

Valuation

Market Capitalisation

Pre-IPO₹473 Cr
Post-IPO₹648.38 Cr

P/E Ratio

Pre-IPO14.33x
Post-IPO19.64x

Promoter Holding

Pre-IPO89.11%
Post-IPO65.05%

Public Holding

Pre-IPO10.89%
Post-IPO34.95%

Lot Size & Allocation

Investment by Category

CategoryLot SizeMin InvestmentMax Investment
retail_min151 shares₹14,949
retail_max151 shares₹1,94,337
shni_min14 × 151₹2,09,286
shni_max151 shares₹9,86,634
bhni_min67 × 151₹10,01,583

Reservation / Allocation

CategoryAllocationCut-off
QIB (Not more than 10% of the Issue)10%No
Retail (Not less than 50% of the Issue)50%No
NII (Not less than 40% of the Issue)40%No

Registrar & Lead Managers

Registrar

Kfin Technologies Ltd.

Lead Managers (1)

Mefcom Capital Markets Ltd.

Frequently Asked Questions

1 questions about Annu Projects Limited IPO IPO

Annu Projects IPO is a main-board IPO of 1,76,83,000 equity shares of face value ₹10 aggregating up to ₹175 Crores. The issue is priced at ₹94 to ₹99. The minimum order quantity is 151 shares. The IPO opens on Tue, Aug 25, 2026, and closes on Fri, Aug 28, 2026. Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE and NSE.

Important Dates

Issue Opens25 Aug 2026
Issue Closes28 Aug 2026
Allotment31 Aug 2026
Refund Initiation31 Aug 2026
Demat Credit1 Sept 2026
Listing Date2 Sept 2026

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