Annu Projects Limited is an engineering, procurement, and construction (EPC) company established in 2003, engaged in developing and maintaining telecom, sewerage, gas pipeline, and railway signalling infrastructure.
Key Verticals:
- Telecom Infrastructure: Provides surveying, designing, and installation of cabling, tower infrastructure, and overhead and underground OFC networks. Its customers include BSNL, A2Z Infra Engineering, Bharat Broadband Network, and G R Infraprojects.
- Sewerage Infrastructure: Undertakes pipe laying and construction of manholes, sewerage treatment plants, pumping stations, drainage systems, and related infrastructure.
- Gas Pipeline: Lays MDPE pipelines and GI house connections for domestic and commercial gas supply. Its customers include Indraprastha Gas, Gujarat Gas and GAIL India.
- Railway Signalling: The company has entered the railway signalling sector and secured its first project worth approximately ₹113.13 million.
As of June 30, 2026, Annu Projects Limited had 23 ongoing projects with a total basic contract value of ₹16,814.91 million, including 4 telecom infrastructure projects, 14 sewerage infrastructure projects, 4 gas pipeline projects and 1 railway signalling project.
As of June 30, 2026, the company had 469 employees and 2,500 contractual labourers.
Annu Projects IPO – Details
| IPO Opening Date | 25 August 2026 |
| IPO Closing Date | 28 August 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 1,76,83,000 Shares Worth ₹175.06 Crore Fresh Issue: 1,76,83,000 Shares Worth ₹175.06 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹94 – ₹99 per share |
| Market Lot | 151 Shares |
| Min Order | 151 Shares [1 Lot] |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Ltd. |
| QIB Shares Offered | 10% |
| NII (HNI) Shares Offered | 40% |
| Retail Shares Offered | 50% |
Annu Projects IPO – Date Schedule
| IPO Open Date | 25 August 2026 |
| IPO Close Date | 28 August 2026 |
| Basis of Allotment | 31 August 2026 |
| Initiation of Refund | 01 September 2026 |
| Credit of Shares to Demat Account | 01 September 2026 |
| IPO Listing Date | 02 September 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 28, 2026 |
Annu Projects IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 151 | ₹14,949 |
| Retail (Max) | 13 | 1,963 | ₹1,94,337 |
| S-HNI (Min) | 14 | 2,114 | ₹2,09,286 |
| S-HNI (Max) | 66 | 9,966 | ₹9,86,634 |
| B-HNI (Min) | 67 | 10,117 | ₹10,01,583 |
Competitive Strength
- Engineering, procurement and commissioning projects with special focus on underground and overhead utilities infrastructure.
- Project management with integrated execution capabilities.
- Strong order book.
- Strong and consistent financial performance.
- Experienced leadership and strong management team.
Company Promoters
- Sanjay Kumar Sarraf
- Krishna Ranjan
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 (Consolidated) | ₹155.42 Cr | ₹131.00 Cr | ₹17.39 Cr | ₹19.69 Cr |
| 31 March 2025 (Consolidated) | ₹182.35 Cr | ₹154.14 Cr | ₹21.10 Cr | ₹22.27 Cr |
| 31 March 2026 (Standalone) | ₹244.59 Cr | ₹198.42 Cr | ₹33.03 Cr | ₹52.54 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 21.27% |
| ROCE | 22.66% |
| RoNW | 21.27% |
| Debt/Equity | 0.34 |
| PAT Margin | 13.69% |
| EBITDA Margin | 20.81% |
| NAV | 32.48 |
| Pre IPO | Post IPO | |
| EPS (₹) | 6.91 | – |
| P/E (x) | – | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Funding the Company’s capital expenditure requirements for the purchase of machinery and equipment. | ₹15.41 |
| Funding the Company’s working capital requirements. | ₹115.00 |
| General corporate purposes. |
Annu Projects IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 5 | Likhitha Infrastructure Limited | 23.17 |
| 2 | 2 | Bondada Engineering Limited | 16.60 |
| 3 | 10 | EMS Limited | 24.65 |
| 4 | 10 | Suyog Telematics Limited | 16.11 |
✅Strengths
- Diversified presence across telecom, sewerage, gas pipeline and railway infrastructure.
- Strong project execution experience with integrated capabilities.
- Modern fleet of owned machinery and equipment.
- Strong and growing order book.
- Experienced promoters and management team.
⚠️Risks
- Project delays may lead to penalties and higher costs.
- Adverse weather and difficult terrains may impact execution.
- Dependence on subcontractors for project delivery.
- Highly competitive and fragmented EPC industry.
- Failure to win new contracts may impact revenue growth.
Annu Projects IPO Promoter Holding
| Pre Issue Share Holding | 89.11% |
| Post Issue Share Holding | 65.05% |
Annu Projects IPO Prospectus
Company Contact Information
| Annu Projects Ltd. B-1, Plot No. 11, Local Shopping Complex, Vasant Kunj, South Delhi, New Delhi, 110070 Phone: +91 11 40114238 Email: cs@annuprojects.com Website: https://annuprojects.com/ |
Annu Projects IPO Registrar
| Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: annuprojects.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
Annu Projects IPO Lead Manager(s)
| 1. Mefcom Capital Markets Ltd. |
Annu Projects IPO FAQs
| What is the Annu Projects IPO? Annu Projects IPO is a main-board IPO. The issue is priced at ₹94 to ₹99 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will the Annu Projects IPO open? The IPO is to open on 25 August 2026 for QIB, NII, and Retail Investors. |
| What is Annu Projects IPO Investors Portion? The investors’ portion for QIB – 10%, NII – 40%, and Retail – 50%. |
| What is the Annu Projects IPO Size? Annu Projects IPO size is ₹175.06 Crore. |
| What are the Annu Projects IPO Minimum and maximum lot sizes for Retail? The minimum bid is 151 Shares with ₹14,949, while the maximum bid is 1963 Shares with ₹1,94,337. |
| What is the Annu Projects IPO Allotment Date? Annu Projects IPO allotment date is 31 August 2026. |
| What is the Annu Projects IPO Listing Date? Annu Projects IPO listing date is 02 September 2026. The IPO is to be listed on the BSE and the NSE. |
