LCC Projects Files Draft Papers With SEBI; Soon To Launch IPO

LCC Projects, a Gujarat-based engineering, procurement, and construction (EPC) firm, has filed draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). 

The IPO will consist of a fresh issue of equity shares worth ₹320 crore and an offer-for-sale (OFS) of 2.29 crore shares. Promoters, including Arjan Suja Rabari and Laljibhai Arjanbhai Ahir, are selling shareholders who will each sell up to 1.14 crore shares. 

With over 20 years of experience in the irrigation and water supply projects segment, the company has executed a range of projects, including the construction of dams, barrages, weirs, hydraulic structures, canals, and other infrastructure projects. 

Though the company cater to private customers; their primary revenue comes from government departments. For the period ending September 30, 2024, their % of

Order book via Government departments is 88.81%, and Private customers are 11.19%. 

Financially, LCC Projects has demonstrated robust growth, with revenue reaching ₹2,438.9 crore and profit at ₹122 crore in the fiscal year 2023-24. The company's EBITDA also recorded a compound annual growth rate (CAGR) of 67.26% during this period.

Motilal Oswal Investment Advisors has been appointed as the banker, and the company will be listed on both NSE and BSE.