Annu Projects’ initial public offering (IPO) is set to open for subscription on August 25, 2026. According to the Red Herring Prospectus (RHP), the ₹175.06 crore book-built issue comprises a fresh issue of up to 1.77 crore equity shares, with no offer for sale (OFS) component.

The IPO will remain open until August 28, 2026. The basis of allotment is expected to be finalised on August 31, 2026, and the shares are tentatively scheduled to be listed on the BSE and NSE on September 2, 2026.

Annu Projects IPO - Issue Details

Issue Type: Book Built Issue (Fresh Issue only)
Total Issue Size: Up to ₹175.06 crore
Fresh Issue: Up to ₹175.06 crore
Offer for Sale (OFS): Not Applicable
Face Value: ₹10 per equity share
Price Band: ₹94 to ₹99 per share
Lot Size: 151 shares
Minimum Investment Amount (Retail Investor): ₹14,949 (151 shares at the upper price)
Listing: BSE, NSE
Book Running Lead Managers: Mefcom Capital Markets Limited
Registrar: KFin Technologies Limited

Annu Projects IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Event	Date
Subscription Opening Date	25 August 2026
Subscription Closing Date	28 August 2026
Basis of Allotment Date	31 August 2026
Refund Initiation Date	31 August 2026
Credit of Shares	1 September 2026
Listing on BSE and NSE	2 September 2026

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Annu Projects IPO Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 10% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 40% of the Net Issue
Retail Individual Investors (RII)	Not less than 50% of the Net Issue

The minimum investment amount for each category, based on the upper price band of ₹99 per share, is as follows -

Investor Category	Lots	Shares	Investment Amount (Approx.)
Retail (Minimum)	1	151	₹14,949
Retail (Maximum)	13	1,963	₹1,94,337
sNII (Minimum)	14	2,114	₹2,09,286
bNII (Minimum)	67	10,117	₹10,01,583

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

Funding the capital expenditure requirements of the company for purchase of machinery and equipment.
Funding the working capital requirements of the company.
General corporate purposes.

About Annu Projects Limited

Established in 2003, Annu Projects Limited is an EPC company engaged in designing, developing, implementing, and maintaining overhead and underground utility infrastructure. Its operations span four key verticals: telecom infrastructure, sewerage systems, gas pipelines, and railway signalling. Over the years, the company has laid more than 26,200 km of optical fibre cable, 298 km of sewerage pipelines, and 537 km of gas pipelines across multiple Indian states.

The company primarily serves government agencies, PSUs, and private infrastructure players through large-scale utility projects. Its clients include BSNL, GAIL India, Indraprastha Gas, Gujarat Gas, and various state urban infrastructure development corporations. Telecom and sewerage infrastructure remain its largest revenue contributors, while the company has also entered the railway signalling sector with its first project win.

Key Financial Highlights

Particulars	FY26 (in ₹ crore)	FY25 (in ₹ crore)	FY24 (in ₹ crore)
Revenue from operations	241.25	180.06	153.98
EBITDA	50.19	32.19	28.50
Profit After Tax (PAT)	33.03	21.10	17.39