LCC Projects Limited

Listed

EPC Services · Mainboard IPO · INE1FPN01026

Price band

₹139 – ₹146

Lot size

102 shares

Min. investment

₹14,892

Issue size

₹427 Cr

Face value

₹5

Registrar

Kfin Technologies Ltd.

Issue timeline

Bidding opens

09 Sept 2026

Bidding closes

11 Sept 2026

Allotment

15 Sept 2026

Listing

17 Sept 2026

Final subscription

Final subscription · NSE + BSEat close · 11-09-2026 17:48

49.57x

overall

25,13,032

applications

₹14,822 Cr

bid value

Category	Sub. (x)	Offered	Bid for	₹ Cr*
Qualified Institutional (QIB)	78.73x	58,51,247	46,06,57,806	6,726
Non-Institutional >₹10L (bNII)	61.53x	29,25,623	18,00,27,960	2,628
Non-Institutional ₹2–10L (sNII)	71.66x	14,62,812	10,48,28,664	1,531
Retail (RII)	26.34x	1,02,39,681	26,97,18,192	3,938
Total	49.57x	2,04,79,363	1,01,52,32,622	14,822

Combined NSE + BSE subscription, sourced from the exchanges and updated periodically. * bid value approx (shares bid × cut-off price). Final subscription confirmed after the issue closes.

About the company

LCC Projects Limited offers engineering, procurement and construction (EPC) services in the irrigation and water supply projects segment.

Issue details

Issue size

₹427 Cr

Fresh issue

₹258 Cr

Offer for sale

₹169 Cr

Industry

EPC Services

Promoter holding (pre)

100%

Promoter holding (post)

89.9%

Financials (₹ Cr)

Metric	FY 2024	FY 2025	FY 2026
Total income	2,449.79	2,941.01	3639.45 Cr
EBITDA	241.37	401.04	519.90
Profit after tax	122.00	223.63	286.44 Cr
Net worth	382.83	604.99	888.41 Cr
Total assets	1,129.99	1,727.46	2,447.54
Total borrowing	422.30	649.55	860.65

EPS 10.53P/E 13.87RoE 32.24%%RoCE 27.13%%

Objects of the issue

Purchase of equipment
Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by Company
General corporate purposes

Strengths

Strong order book with 103 projects as of March 31, 2026.
Experience in executing notable projects in the irrigation and water supply segment.
Expansion of operations across multiple states.

Risks

Dependence on government contracts for revenue.
Potential delays in project execution.
Competition from other EPC service providers.

Documents

Red Herring Prospectus (RHP)Draft Red Herring Prospectus (DRHP)

Calculate your bid

At cut-off price ₹146

Lots

Shares: 102
Amount: ₹14,892

UPI mandate — funds are blocked, not debited.

SEBI-registered broker — NSE member 90113
Funds stay blocked in your own bank — debited only on allotment
Apply for your whole family from one login

No demat account yet? Open one free