IPO details · Updated
LCC Projects Limited
- Price Band
- ₹139 – ₹146
- Lot Size
- 102 shares
- Min. Investment
- ₹14,892
- Issue Size
- ₹427.14 Cr
- Offer Dates
- 9 Sept – 11 Sept 2026
- Listing
- 17 Sept 2026
Issue Details
- Total Issue Size
- ₹427.14 Cr
- 2,92,56,232 shares
- Fresh Issue
- ₹258 Cr
- 1,76,71,232 shares
- Offer for Sale
- ₹169.14 Cr
- 1,15,85,000 shares
- Face Value
- ₹5 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE, NSE
- Shares Pre-Issue
- 27,20,00,000
- Shares Post-Issue
- 28,96,71,232
IPO Timeline
Offer opens
9 Sept 2026
Offer closes
11 Sept 2026
Allotment
15 Sept 2026
Listing
17 Sept 2026
Issue Allocation
Share of the offer reserved for each investor category
- Anchor30.0%87,76,869 shares
- QIB20.0%58,51,246 shares
- HNI15.0%43,88,435 shares
- Retail35.0%1,02,39,682 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| QIB | 58,51,246 | 46,06,57,806 | 78.73x |
| NII | 43,88,435 | 28,48,56,624 | 64.91x |
| Retail | 1,02,39,682 | 26,97,18,192 | 26.34x |
| Total | 2,04,79,363 | 1,01,52,32,622 | 49.57x |
Lot Size & Investment
1 lot = 102 shares
Retail (min)
1 lot · 102 shares
Retail (max)
13 lots · 1,326 shares
S-HNI (min)
14 lots · 1,428 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 102 | ₹14,892 |
| Small HNI (S-HNI) | 14 | 1,428 | ₹2,08,488 |
| Big HNI (B-HNI) | 68 | 6,936 | ₹10,12,656 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 2,447.54 | 1,727.46 | 1,129.99 |
| Total Income | 3,639.45 | 2,941.01 | 2,449.79 |
| Profit After Tax | 286.44 | 223.63 | 122 |
| EBITDA | 519.9 | 401.04 | 241.37 |
| Net Worth | 888.41 | 604.99 | 382.83 |
| Reserves & Surplus | 752.41 | 468.99 | 348.83 |
| Total Borrowing | 860.65 | 649.55 | 422.3 |
Key Performance Indicators
| Period | Mar-26 | Mar-25 |
|---|---|---|
| RoNW (%) | 32.24 | 36.96 |
| EPS (₹) | — | 10.53 |
| P/E (pre-issue) | — | 13.87 |
| P/E (post-issue) | — | 14.76 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| LCC Projects | — | 32.24% |
| Vishnu Prakash R Punglia | — | — |
| Enviro Infra Engineers | 19.14 | 15.28% |
About LCC Projects Limited
Incorporated in 2017, LCC Projects Limited offers engineering, procurement and construction (“EPC”) services in the irrigation and water supply projects segment. The company has executed projects in the irrigation and water supply segment, such as the construction of dams, barrages, weirs, hydraulic structures, canals, pipe distribution networks, lift irrigation works, water supply schemes, and other EPC projects. As of March 31, 2026, the company's Order Book comprises 103 projects, of which Sondwa Lift Micro Irrigation Project, Sidhi Bansagar Multi – Village Scheme, and Gandhi Sagar 1 Multi-Village Scheme are the top three projects. In the past, LCC have also executed notable projects, such as the construction of Tawa Left Bank Canthe al, Parbati Dam Projthe ect, Dudhai Sub Branch Canal Projectthe and AKOT Lift Irrigation Scheme. The company expanded its operations from eight states in Fiscal 2026 to 12 states by March 31, 2026, namely, Gujarat, Madhya Pradesh, Odisha, Rajasthan, Maharashtra, Uttar Pradesh, Karnataka, Jharkhand, Chhattisgarh, Andhra Pradesh, Himachal Pradesh, and Haryana. As of March 31, 2026, the company had 2,093 permanent employees.
Objects of the Issue
- Purchase of equipment (₹14.69 Cr)
- Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by Company (₹180.00 Cr)
- General corporate purposes (₹41.73 Cr)
- Issue Expense (₹35.68 Cr)
Promoters
- <p>Arjan Suja Rabari
- Laljibhai Arjanbhai Ahir
- Maya Arjan Rabari</p>
Company Information
- Book running lead managers
- Motilal Oswal Investment Advisors Ltd.
- Registered office
- ‘B’ Wing,15th Floor, Privilon Building,, Vikram Nagar AmbliBopal Road,, Behind ISKCON Temple,, Ahmedabad, Gujarat, 380058
Official Documents
Opens the source filing in a new tab
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