Annu Projects Fixes Price at Rs 94–99 a Share for Rs 175 Crore IPO; Offer Opens on Aug 25

New Delhi: Engineering procurement and construction player Anu Projects Ltd on Wednesday said it has fixed the price at Rs 94-99 a share for its Rs 175-crore initial public offering, which opens for subscription on August 25.

The IPO, which comprises a fresh issue of 17,683,000 equity shares of face value Rs 10 each, will close on August 28, a statement said.

“The company has fixed the price band at Rs 94-99 per share. The company intends to raise Rs 1,750 million through this IPO and will be listed on the BSE and NSE,” it added.

Annu Projects Ltd intends to utilise Rs 115 crore of the IPO proceeds for funding working capital requirements, Rs 15 crore for capital expenditure requirements for purchase of machinery or equipment and the remainder for general corporate purposes.

Established in 2003, Annu Projects is engaged in the design, development, implementation, operation, and maintenance of essential overhead and underground utilities infrastructure across the telecom, sewerage, gas pipeline, and railway signalling verticals.

As of June 30, 2026, the company’s aggregate order book stands at Rs 1,005.05 crore.

Financially, Annu Projects posted revenue from operations of Rs 241.24 crore and a profit after tax (PAT) of Rs 33.02 crore in FY26. In the previous 2025 fiscal, the company recorded revenue of Rs 180.06 crore and a PAT of Rs 21.10 crore..

Mefcom Capital Markets Ltd is the Book Running Lead Manager to the issue, while Kfin Technologies Ltd is the Registrar.

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