Srinibas Pradhan Constructions IPO Day 2 Subscription Status: Issue Subscribed 1.01x
By HDFC SKY | Updated at: Mar 10, 2026 10:40 AM IST
Mumbai, March 10: Srinibas Pradhan Constructions IPO is a book-built public offering with a total issue size of ₹20.32 crore. The issue comprises a fresh issue of shares along with an offer for sale component.
The public issue opened for subscription on March 6, 2026 and will remain open for bidding until Tuesday, March 10, 2026. The company has fixed the price band for the issue at ₹91 to ₹98 per share.
Srinibas Pradhan Constructions IPO Day 2 Subscription Status
As of 6:55 PM on March 9, 2026 (Day 2), the Srinibas Pradhan Constructions IPO has been subscribed 1.01 times overall.
Category-wise IPO Subscription Status
| Investor Category | Subscription (times) |
| QIB (Ex Anchor) | 1.13x |
| NII (HNI) | 1.54x |
| Retail Individual Investors | 0.47x |
| Total | 1.01x |
Previous Day’s Subscription Summary
On Day 1 (March 6, 2026), the IPO recorded an overall subscription of 0.09 times.
During the first day of bidding, the retail segment was subscribed 0.14 times, while the NII category saw 0.03 times subscription. The QIB portion had not received bids on Day 1.
By the end of Day 2, the overall subscription moved up to 1.01 times as additional bids were recorded across categories.
IPO Timeline
| Event | Date |
| Issue Open Date | March 6, 2026 |
| Issue Close Date | March 10, 2026 |
| Basis of Allotment | March 11, 2026 |
| Initiation of Refunds | March 12, 2026 |
| Credit of Shares | March 12, 2026 |
| Listing Date | March 13, 2026 |
Brief Overview Of The Srinibas Pradhan Constructions IPO
The Srinibas Pradhan Constructions IPO is a ₹20.32 crore book-built issue. It includes a fresh issue of 16,09,200 shares aggregating ₹16.79 crore and an offer for sale of 3,60,000 shares aggregating ₹3.53 crore.
The price band for the IPO is ₹91 to ₹98 per share, and investors can bid in lots of 1,200 shares.
Srinibas Pradhan Constructions Limited operates in the infrastructure and utilities sector, focusing on the execution of projects related to roads, highways, bridges, electricity infrastructure, and mining infrastructure. The company’s shares are proposed to be listed on the NSE SME platform.
Summary:
Srinibas Pradhan Constructions IPO has been subscribed 1.01 times by the second day of bidding. Demand from the NII segment stood at 1.54x, while QIB participation reached 1.13x as of 6:55 PM on March 9, 2026.
Source: https://www.nseindia.com/market-data/issue-information?symbol=SPCON&series=SME&type=Active
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