LCC Projects
LIVEIPO Date: 9 Sept - 11 Sept 2026
Listing Date: 17 Sept 2026
Price Range
Rs.139 - Rs.146
Issue Size
427 Cr
Min Investment
₹14,178
Min Application
102 Shares
Schedule of LCC Projects
Issue open date
9 Sept 2026
Issue close date
11 Sept 2026
UPI mandate deadline
11 Sept 2026 (5 PM)
Allotment finalization
15 Sept 2026
Share credit
16 Sept 2026
Listing date
17 Sept 2026
Mandate end date
26 Sept 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 427 Cr |
| Fresh Issue | 258 Cr |
| Offer for Sale | 169.14 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 15 Sept 2026 |
| Allotment Link | {Link} |
Grey Market Premium
NewGrey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 8 Sept 2026Latest | ₹146 | ₹34 | ₹180(+23.29%) |
| 7 Sept 2026 | ₹146 | ₹26 | ₹172(+17.47%) |
| 6 Sept 2026 | ₹146 | ₹25 | ₹171(+17.12%) |
| 5 Sept 2026 | ₹146 | ₹25 | ₹171(+17.12%) |
| 4 Sept 2026 | ₹146 | ₹17 | ₹163(+11.64%) |
Performance LCC Projects
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.139 - Rs.146 | .... | .... | .... |
About LCC Projects
LCC Projects is a multidisciplinary engineering, procurement and construction (EPC) company primarily engaged in irrigation and water supply projects. The company undertakes projects including dams, barrages, weirs, hydraulic structures, canals, pipe distribution networks, lift irrigation works, and water supply schemes. The company has also executed a metro rail project involving the construction of a station, approaches and viaducts, and is currently executing a mining development and operations project. As of FY26, its order book comprised 103 projects. LCC Projects operates across 12 states in India and has experience in executing projects across varied geographical and terrain conditions. The company has also established a manufacturing unit in Jaspur, Gujarat, for producing precast concrete elements used in infrastructure and construction projects. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS). Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes: Purchase of equipment — Rs 14.69 crore Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the company — Rs 180 crore General corporate purposes
| Founded in | 2017 |
| Managing director | Mr Arjan Suja Rabari |
| Parent organization |
Financial Overview
Strengths
5- 1
Proven track record in successfully executing complex irrigation and water supply infrastructure projects.
- 2
A robust order book ensures strong future revenue visibility and growth.
- 3
Geographically diversified operational presence spanning across 12 different Indian states.
- 4
Consistent financial growth demonstrated by a strong revenue CAGR of 21.50% (FY24–FY26).
- 5
Extensive in-house fleet of construction equipment and newly added precast concrete manufacturing capabilities.
Risks
5- 1
Top 10 clients generate 72.30% of our total operating revenue.
- 2
High reliance on government contracts exposes us to policy shifts.
- 3
Higher financial leverage and debt compared to listed industry peers.
- 4
High geographic revenue concentration in Gujarat and Madhya Pradesh.
- 5
High unbilled revenue levels could negatively impact our cash flows.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 1.14 |
| Non-Institutional Investors (NIIs) | 1.72 |
| Retail Individual Investors (RIIs) | 1.26 |
| Employee | N/A |
| Total | 1.32 |