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Annu Projects IPOLISTED
Annu Projects Limited is an EPC company providing essential telecom, sewerage and gas pipeline infrastructure solutions.
Listing price
₹72
Listing gain
-27.27%
Current
₹72
Listed
02 Sept 26
Opens
25 Aug 26Closes
28 Aug 26Allotment
31 Aug 26Refund
01 Sept 26Demat
01 Sept 26Listing
02 Sept 26Overview
Price band
₹94-99
Lot size
151 shares
Min. investment
₹14,949
Issue size
₹175.06 Cr
1.77 Cr shares
Fresh issue
₹175.06 Cr
1.77 Cr shares
Face value
₹10 / share
Issue type
Book Built Issue
Listing at
NSE, BSE
Reservation
| Category | Shares offered | % of issue |
|---|---|---|
| QIB | 17,68,300 | 10% |
| NII (HNI) | 70,73,200 | 40% |
| B-HNI | 47,16,056 | 26.67% |
| S-HNI | 23,57,144 | 13.33% |
| Individual | 88,41,500 | 50% |
| Total | 1,76,83,000 | 100% |
Lot size & investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 151 | ₹14,949 |
| Retail (Max) | 13 | 1,963 | ₹1,94,337 |
| S-HNI (Min) | 14 | 2,114 | ₹2,09,286 |
| S-HNI (Max) | 66 | 9,966 | ₹9,86,634 |
| B-HNI (Min) | 67 | 10,117 | ₹10,01,583 |
Listing performance
NSE/BSE: ANNUListing gain
−27.27%
Gain per retail lot
₹-4,077
Latest vs issue
—
GMP was
—
Issue price
Listing price
Latest price appears here during market hours.
Annu Projects Live GMP
Latest GMP
₹0
All-time high
₹6.5
All-time low
₹0
Subscription
29 Aug, 12:00 amOversubscribed 2.93 times · 1,42,085 applications
Total applications
1,42,085
Total bid amount
₹513 Cr
Category breakdown
| Category | Shares offered | Shares bid | Times | Bid amount |
|---|---|---|---|---|
| QIB | 17,68,300 | 30,44,764 | 1.72x | ₹30.14 Cr |
| NII (HNI) | 70,73,200 | 2,51,18,246 | 3.55x | ₹249 Cr |
| B-HNI | 47,16,056 | 1,45,69,235 | 3.09x | ₹144 Cr |
| S-HNI | 23,57,144 | 1,05,49,011 | 4.48x | ₹104 Cr |
| Retail | 88,41,500 | 2,36,81,481 | 2.68x | ₹234 Cr |
| Total | 1,76,83,000 | 5,18,44,491 | 2.93x | ₹513 Cr |
Application-wise breakup
| Category | Applications reserved | Applied | Times |
|---|---|---|---|
| B-HNI | 2,231 | 1,134 | 0.51x |
| S-HNI | 1,115 | 4,031 | 3.62x |
| Retail | 58,553 | 1,36,956 | 2.34x |
Allotment chance per application is roughly 1 ÷ times for the category (lottery for retail and S-HNI).
Financials
(₹ in crores)
Key performance indicators
As of 31 Mar 2026ROE
21.27%
PAT Margin
13.69%
ROCE
22.66%
EBITDA Margin
20.81%
Debt to Equity Ratio
0.34
Price to Book Value
-0.01
RoNW
21.27%
Valuation vs listed peers
Price-to-earnings
| Company | P/E | P/B | RoNW | Face value |
|---|---|---|---|---|
| Likhitha Infrastructure Limited | 23.17 | — | — | — |
| Bondada Engineering Limited | 16.6 | — | — | — |
| EMS Limited | 24.65 | — | — | — |
| Suyog Telematics Limited | 16.11 | — | — | — |
Peer median P/E 19.9× · Ratios as disclosed in the offer document.
Buzz AI analysis
From this IPO's filings and market data · educational, not investment advice
Revenue growth FY24 → FY26
+57.4%
Profit growth FY24 → FY26
+89.9%
ROCE
22.66%
- PAT margin 13.7% and ROCE 22.7%.
Strengths & risks
- Diversified presence across telecom, sewerage, gas pipeline and railway infrastructure.
- Strong project execution experience with integrated capabilities.
- Modern fleet of owned machinery and equipment.
- Strong and growing order book.
- Experienced promoters and management team.
Buzz score · Neutral
From GMP, subscription and issue size
Objects of the issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding the Company’s capital expenditure requirements for the purchase of machinery and equipment. | 15.41 |
| Funding the Company’s working capital requirements. | 115 |
| General corporate purposes. | - |
Company & documents
Annu Projects Limited is an engineering, procurement, and construction (EPC) company established in 2003, engaged in developing and maintaining telecom, sewerage, gas pipeline, and railway signalling infrastructure.
Key Verticals:
- Telecom Infrastructure: Provides surveying, designing, and installation of cabling, tower infrastructure, and overhead and underground OFC networks. Its customers include BSNL, A2Z Infra Engineering, Bharat Broadband Network, and G R Infraprojects.
- Sewerage Infrastructure: Undertakes pipe laying and construction of manholes, sewerage treatment plants, pumping stations, drainage systems, and related infrastructure.
- Gas Pipeline: Lays MDPE pipelines and GI house connections for domestic and commercial gas supply. Its customers include Indraprastha Gas, Gujarat Gas and GAIL India.
- Railway Signalling: The company has entered the railway signalling sector and secured its first project worth approximately ₹113.13 million.
As of June 30, 2026, Annu Projects Limited had 23 ongoing projects with a total basic contract value of ₹16,814.91 million, including 4 telecom infrastructure projects, 14 sewerage infrastructure projects, 4 gas pipeline projects and 1 railway signalling project.
As of June 30, 2026, the company had 469 employees and 2,500 contractual labourers.
Registrar
Company contact
Annu Projects Ltd.
B-1, Plot No. 11, Local Shopping Complex Vasant Kunj, South Delhi, New Delhi, 110070
Phone: +91 11 40114238
Email: cs@annuprojects.com
Book running lead managers
- Mefcom Capital Markets Ltd.
Promoters
- Sanjay Kumar Sarraf
- Krishna Ranjan