Srinibas Pradhan Constructions Limited IPO Review
Neutral91-91 · SME
✦
Analyst Verdict
Srinibas Pradhan Constructions Limited IPO
Neutral
IPO at a Glance
Price Band
91-91
Issue Size
20cr
Min. Investment
₹1,09,200
Opens
2026-03-04
Closes
2026-03-08
Listing
2026-03-11
Category
SME
Key Strengths
✓Strong presence in roads, highways, bridges, and civil infrastructure projects.
✓Holds PWD ‘B’ Class license; subsidiary holds ‘A’ Class license for higher-value tenders.
✓Promoters bring over 23 years of experience in government construction projects.
✓ISO 9001, ISO 14001, and ISO 45001 certified for quality and compliance standards.
✓Demonstrated growth in revenue and profitability in recent years.
Key Risks
⚠Operations are geographically concentrated in Odisha.
⚠High dependence on government contracts through competitive bidding.
⚠Significant related party transactions with promoter-linked entities.
⚠Pending civil litigation relating to land acquisition compensation.
⚠GST notice issued to subsidiary for alleged inadmissible ITC claim.
Frequently Asked Questions
Should I apply for Srinibas Pradhan Constructions Limited IPO?
Based on our analysis, our rating for Srinibas Pradhan Constructions Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.
What are the key risks of Srinibas Pradhan Constructions Limited IPO?
Operations are geographically concentrated in Odisha. High dependence on government contracts through competitive bidding. Significant related party transactions with promoter-linked entities.
What are the strengths of Srinibas Pradhan Constructions Limited IPO?
Strong presence in roads, highways, bridges, and civil infrastructure projects. Holds PWD ‘B’ Class license; subsidiary holds ‘A’ Class license for higher-value tenders. Promoters bring over 23 years of experience in government construction projects.
What is the price band of Srinibas Pradhan Constructions Limited IPO?
The price band for Srinibas Pradhan Constructions Limited IPO is 91-91. The IPO has closed.
Full Analysis Available
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