LCC Projects Shares List at 29% Premium on NSE
LCC Projects made its stock market debut on Thursday, September 17, 2026, with its shares listing at a 29.45% premium on the NSE. The stock opened at ₹189 apiece on the NSE against its IPO issue price of ₹146 per share. On the BSE, the shares debuted at ₹191.90 per share, representing a 31.44% premium over the issue price.
The company’s ₹427.14 crore IPO was open for subscription from September 9 to September 11, 2026, and witnessed modest investor interest. The issue was subscribed 48.51 times by the end of the bidding period.
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
Explore other Upcoming IPOs on BSE and NSE.
LCC Projects IPO Overall Subscription Status
[September 11, 2026, 7:00 PM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
78.69x |
|
Non-Institutional Investors (NIIs) |
62.99x |
|
Retail Individual Investors (RIIs) |
25.56x |
|
Total |
48.51x |
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 an engineering, procurement and construction (EPC) company focused on irrigation and water supply infrastructure. With over 20 years of project execution experience, it has undertaken dams, barrages, canals, lift irrigation systems, hydraulic structures, pipeline networks, and drinking water projects across 12 Indian states.
EPC activities contributed nearly 99.8% of revenue in FY2026. As of March 31, 2026, the company had an order book of 103 projects, primarily comprising irrigation and multi-village water supply contracts, while also expanding into metro rail construction and mining development and operations (MDO).
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 |
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