Annu Projects Shares List at 27% Discount on NSE
Annu Projects made a weak stock market debut on Wednesday, September 2, 2026, with its shares listing at a 27.27% discount on the NSE. The stock opened at ₹72 apiece on the NSE against its IPO issue price of ₹99 per share. On the BSE, the shares debuted at ₹75 per share, representing a 24.24% discount over the issue price.
The company’s ₹175.06 crore IPO was open for subscription from August 25 to August 28, 2026. The issue was subscribed 2.19 times by the end of the bidding period.
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 Overall Subscription Status
[August 28, 2026, 7:00 PM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
1.39x |
|
Non-Institutional Investors (NIIs) |
2.87x |
|
Retail Individual Investors (RIIs) |
1.80x |
|
Total |
2.19x |
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 the design, execution, and maintenance of utility infrastructure across telecom, sewerage, gas pipelines, and railway signalling. It has completed over 26,200 km of optical fibre cable, 298 km of sewerage pipelines, and 537 km of gas pipelines across India.
The company primarily executes infrastructure projects for government agencies, PSUs, and private infrastructure companies, with telecom and sewerage projects contributing the majority of its revenue.
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 |
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