Srinibas Pradhan Constructions IPO Subscribed 0.09x on Day 1 So Far

Srinibas Pradhan Constructions IPO opened for subscription on 6 March 2026. The book-built issue aims to raise approximately ₹20.32 crore and is offered in a price band of ₹91 to ₹98 per share. The IPO will remain open for bidding until 10 March 2026 and the shares are scheduled to list on the NSE SME platform.

Srinibas Pradhan Constructions IPO Day 1 Subscription Status

As of 4:45 PM on 6 March 2026 (Day 1), the Srinibas Pradhan Constructions IPO was subscribed 0.09 times.

Category-wise IPO Subscription Status

IPO Timeline

Brief Overview Of The Srinibas Pradhan Constructions IPO

Srinibas Pradhan Constructions IPO is a book-built public issue with a total size of about ₹20.32 crore. The offer consists of a fresh issue of around 0.17 crore shares aggregating to approximately ₹16.79 crore and an offer for sale of about 0.04 crore shares worth ₹3.53 crore.

The price band for the issue has been set at ₹91 to ₹98 per share, while the lot size for investors is 1,200 shares. The public issue opened on 6 March 2026 and will close on 10 March 2026.

Novus Capital Advisors Private Limited is acting as the book running lead manager for the issue, while Maashitla Securities Pvt. Ltd. is the registrar. The shares are proposed to be listed on the NSE SME platform.

Summary:
Srinibas Pradhan Constructions IPO opened for subscription on 6 March 2026 and reached 0.09 times subscription by 4:45 PM on Day 1. Retail participation stood at 0.14 times, while NII bids reached 0.03 times and QIB participation remained at 0.00 times.

Source: https://www.nseindia.com/market-data/issue-information?symbol=SPCON&series=SME&type=Active