Annu Projects IPO Day 1 LIVE: Bidding for the initial public offering (IPO) of Annu Projects Ltd has opened today. The public issue will remain open for bidding until 27 August 2026. The company has declared the Annu Projects IPO price band at ₹94 to ₹99 per equity share. Annu Projects IPO subscription will remain open from 10:00 AM to 5:00 PM on all trade dates during the Annu Projects IPO date. Annu Projects’ IPO size is ₹175 crore, raised through the issuance of fresh shares. Meanwhile, Annu Projects IPO GMP (Grey Market Premium) is signalling a flat listing as the stock is trading at par in the grey market today.
Annu Projects IPO GMP today
According to market observers, the company’s shares are trading at par in the grey market today. This means the Annu Projects IPO GMP (Grey Market Premium) today is zero, signalling neither a gain nor a loss for investors.
Annu Projects IPO subscription status
By 10:39 AM on day 1, the public issue was booked 0.02 times, the retail portion was filled 0.03 times, whereas the NII portion was subscribed to 0.01 times.
Annu Projects IPO review
Assigning a ‘subscribe’ tag to the book-building issue, Master Capital Services says, “Annu Projects works across telecom, sewerage, and gas pipeline infrastructure, positioning it among the contractors eligible to bid for these government-funded projects. The customer base is concentrated in central and state government entities and public sector undertakings, with the balance from private clients. Its verticals telecom infrastructure, sewerage infrastructure, gas pipeline, and railway signalling provide revenue streams anchored by government-funded d infrastructure infra programmes. Investors may consider the IPO as a potential long-term investment opportunity.”
Whether one should apply for the public issue or not, SBI Capital Securities says, “APL is a diversified EPC infrastructure company with a strong execution track record and healthy earnings growth over FY24-26, with Revenue/EBITDA/PAT registering a CAGR of 25%/33%/38%, respectively. At the upper price band of ₹99, the issue is valued at a P/E multiple of 19.6x FY26 earnings on a post-issue basis, which appears in line with peers. However, high customer concentration, dependence on government contracts and a stretched working capital cycle raise concerns around the quality and durability of earnings. We therefore assign a NEUTRAL rating to the IPO and would prefer to monitor cash-flow generation and execution consistency post listing.”
Annu Projects IPO details
Here we list out important Annu Projects IPO details in 10 points:
1] Annu Projects IPO GMP today: According to market observers, shares of the company are trading at par in the grey market today.
2] Annu Projects IPO date: The public issue has opened today and will remain open until 26 August 2026.
3] Annu Projects IPO price: The company management has offered Symbiotec Pharmalabs shares at a price band of ₹94 to ₹99 per equity share.
4] Annu Projects IPO size: The company aims to raise ₹175 crore, which will be raised through the issuance of fresh shares.
5] Annu Projects IPO lot size: A bidder will be able to apply for the public issue in lots, and one lot of the public offer comprises 151 company shares.
6] Annu Projects IPO allotment date: The tentative date for the finalisation of share allotment is 28 August 2026.
7] Annu Projects IPO registrar: KFin Technologies Private Ltd has been appointed the official registrar of the book build issue.
8] Annu Projects IPO listing date: The public issue is proposed for listing on the BSE and NSE exchanges. The most likely date for the share listing is 1 September 2026.
9] Annu Projects IPO lead manager: Mefcom Capital Markets Ltd has been appointed lead manager of the Annu Projects IPO.
Disclaimer: This story is for educational and informational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified financial experts before making any investment decisions.
