Annu Projects IPO
ListedMainboardOpens 25 August 2026Closes 28 August 2026
Annu Projects Limited (incorporated in 2003 as Annu Infra Construct (India) Private Limited) is an engineering, procurement, and construction (EPC) company specializing in the design, development, implementation,…
Annu Projects Limited (incorporated in 2003 as Annu Infra Construct (India) Private Limited) is an engineering, procurement, and construction (EPC) company specializing in the design, development, implementation, operations, and maintenance of essential overhead and underground utilities infrastructure. Its core operations span three primary infrastructure verticals: telecom infrastructure (OFC cable laying, telecom towers, FTTH, GPON, and networking solutions under BharatNet), sewerage infrastructure (STPs, pumping stations, underground pipe networks, and trenchless technology), and city gas distribution networks (MDPE and GI pipeline laying for commercial and domestic connections). As of March 31, 2026, the company had an unexecuted Order Book of ₹938.65 Crore across multiple states in India.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
25 Aug
IPO Closes
28 Aug
Allotment
31 Aug
Listing
2 Sept
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 25 August 2026 |
| IPO Close Date | 28 August 2026 |
| Allotment Date | 31 August 2026 |
| Listing Date | 2 September 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,949 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,94,337 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,09,286 |
SHNI (Max)Below ₹10,00,000 | 66 | ₹9,86,634 |
BHNIAbove ₹10,00,000 | 67 | ₹10,01,583 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 10.00% |
| NII (Non-Institutional Investor) | 40.00% |
| SHNI (Small Non-Institutional Investor) | 13.33% |
| BHNI (Big Non-Institutional Investor) | 26.67% |
| Retail | 50.00% |
| Total | 100.00% |
IPO Objectives
- Funding capital expenditure requirements of our Company for purchase of machinery or equipment (₹15.41 Cr).
- Funding working capital requirements of our Company (₹115.00 Cr).
- General Corporate Purposes.
Strengths
- Specialized EPC focus on critical underground and overhead utilities infrastructure (telecom, sewerage, gas pipeline).
- Integrated in-house project execution capabilities supported by an extensive fleet of specialized machinery (HDD machines, trenchers).
- Robust order book of ₹938.65 Crore as of March 31, 2026, boosted by national connectivity initiatives like BharatNet Phase III.
- Long-standing relationships with leading public and private sector clients such as BSNL, IGL, GAIL, and G R Infraprojects.
Weaknesses
- High sector concentration, with telecom and sewerage verticals generating 94.17% of FY26 revenue from operations.
- Heavy dependency on government and PSU contracts awarded through competitive bidding (57.09% of FY26 revenue).
- High customer concentration risk, with top 10 customers accounting for 97.96% of FY26 revenue from operations.
- Working capital-intensive model with prolonged trade receivable holding cycles (237 days in FY26) from government departments.
Financial Performance
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets (₹ Cr.) | 341.82 | 233.37 | 161.34 |
| Revenue (₹ Cr.) | 241.25 | 180.07 | 153.98 |
| PAT (₹ Cr.) | 33.03 | 21.1 | 17.39 |
| Net Worth (₹ Cr.) | 155.26 | 122.06 | 68.93 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Annu Projects | 3.05 | 14.33 | 21.27% | 155.26 |
| Suyog Telematics | 1.77 | 14.4 | 12.88% | 417.83 |
| EMS Limited | 2.14 | 32.84 | 8.58% | 190.06 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 | Day 4 |
|---|---|---|---|---|
| QIB | 0.57x | 0.58x | 1.16x | 1.72x |
| NII | 0.36x | 0.39x | 0.9x | 3.55x |
| S-HNI | 0.41x | 0.5x | 0.71x | 4.47x |
| B-HNI | 0.33x | 0.34x | 0.99x | 3.09x |
| RII | 0.28x | 0.51x | 0.81x | 2.68x |
| Total | 0.34x | 0.47x | 0.88x | 2.93x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 17,68,300 | 30,44,764 | 30.14 |
| NII | 70,73,200 | 2,51,16,132 | 248.65 |
| Small NII | 23,57,144 | 1,05,46,897 | 104.41 |
| Big NII | 47,16,056 | 1,45,69,235 | 144.24 |
| RII | 88,41,500 | 2,36,65,777 | 234.29 |
| Total | 1,76,83,000 | 5,18,26,673 | 513.08 |
Company Details
- Annu Projects Limited
- B-1, Plot No. 11, Local Shopping Complex, Vasant Kunj, South Delhi, New Delhi - 110070, India
- +91 11 4011 4238
- cs@annuprojects.com
- https://www.annuprojects.com/
Registrar Details
- KFin Technologies Limited
- +91 40 6716 2222
- annuprojects.ipo@kfintech.com
- https://www.kfintech.com/
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Sources
We match Annu Projects IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- KFin Technologies LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.