LCC Projects IPO Day 3: Subscription Status, Timeline & Key Issue Details
LCC Projects's ₹427.14 crore initial public offering (IPO) entered its final day of public subscription today, September 11, 2026, with a price band of ₹139 to ₹146 per share. As of 10:06 A.M on the third day of bidding, the issue had been subscribed 4.24 times.
The basis of allotment is expected to be finalised on September 15, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 17, 2026.
LCC Projects IPO - Issue Details
- Issue Type: Book Built Issue (Fresh Issue + OFS)
- Total Issue Size: Up to ₹427.14 crore
- Fresh Issue: Up to ₹258.00 crore
- Offer for Sale (OFS): Up to ₹169.14 crore
- Face Value: ₹5 per equity share
- Price Band: ₹139 to ₹146 per share
- Lot Size: 102 shares
- Minimum Investment Amount (Retail Investor): ₹14,892 (102 shares at the upper price)
- Listing: BSE, NSE
- Book Running Lead Managers: Motilal Oswal Investment Advisors Limited
- Registrar: KFin Technologies Limited
LCC Projects IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event |
Date |
|
Subscription Opening Date |
9 September 2026 |
|
Subscription Closing Date |
11 September 2026 |
|
Basis of Allotment Date |
15 September 2026 |
|
Refund Initiation Date |
16 September 2026 |
|
Credit of Shares |
16 September 2026 |
|
Listing on BSE and NSE |
17 September 2026 |
Note: The allotment and listing dates are tentative and may be revised.
Explore other Upcoming IPOs on BSE and NSE.
LCC Projects IPO Day 3 Subscription Status
[September 11, 2026, 10:06 A.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
1.16x |
|
Non-Institutional Investors (NIIs) |
6.00x |
|
Retail Individual Investors (RIIs) |
5.19x |
|
Total |
4.24x |
Utilisation of IPO Proceeds
The company intends to utilise the net proceeds from the fresh issue towards:
- Purchase of equipment
- Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the company
- General corporate purposes.
About LCC Projects Limited
Incorporated in 2017, LCC Projects Limited is a multidisciplinary engineering, procurement and construction (EPC) company focused on irrigation and water supply infrastructure. Backed by more than two decades of execution expertise, it has completed dams, barrages, canals, hydraulic structures, lift irrigation systems, pipeline distribution networks, and water supply projects across 12 states in India.
The company's EPC segment accounted for nearly 99.8% of its revenue in Fiscal 2026, highlighting its primary business focus. As of March 31, 2026, LCC Projects had an order book of 103 projects, driven mainly by large irrigation and multi-village water supply works, while also expanding into metro rail construction and mining development & operations (MDO) projects.
Key Financial Highlights
|
Particulars |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
|
Revenue from operations |
3,600.25 |
2,918.29 |
2,438.92 |
|
EBITDA |
519.89 |
401.04 |
241.37 |
|
Profit After Tax (PAT) |
286.44 |
223.63 |
121.99 |
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
To read the RA disclaimer, please click here