LCC Projects’ initial public offering (IPO) is set to open for subscription on September 9, 2026. According to the Red Herring Prospectus (RHP), the ₹427.14 crore book-built issue comprises a fresh issue of 1.77 crore equity shares aggregating up to ₹258.00 crore and an offer for sale (OFS) of 1.16 crore equity shares aggregating up to ₹169.14 crore by its existing shareholders.

The IPO will remain open until September 11, 2026. The basis of allotment is expected to be finalised on September 15, 2026, and the shares are tentatively scheduled to be listed on the BSE and NSE 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 Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 50% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 35% of the Net Issue
Retail Individual Investors (RII)	Not less than 15% of the Net Issue

The minimum investment amount for each category, based on the upper price band of ₹146 per share, is as follows -

Investor Category	Lots	Shares	Investment Amount (Approx.)
Retail (Minimum)	1	102	₹14,892
Retail (Maximum)	13	1,326	₹1,93,596
sNII (Minimum)	14	1,428	₹2,08,488
bNII (Minimum)	68	6,936	₹10,12,656

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 specializing in irrigation and water supply infrastructure. With over two decades of execution experience, it has delivered dams, barrages, canals, hydraulic structures, lift irrigation systems, pipe distribution networks, and water supply schemes across 12 Indian states.

EPC projects contributed nearly 99.8% of the company's revenue in Fiscal 2026, reflecting its core business focus. As of March 31, 2026, it had an order book of 103 projects, led by major irrigation and multi-village water supply projects, 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