Srinibas Pradhan Constructions Lists At ₹100.05 On NSE SME, Opens 2.09% Above Issue Price

Mumbai, March 13: Share price of Srinibas Pradhan Constructions Limited listed on the NSE SME platform at ₹100.05 on Friday reflecting a 2.09% premium over the issue price of ₹98 per share. The SME public issue, which opened for subscription from March 6 to March 10, 2026, was subscribed 1.13 times, according to exchange data.

The listing occurred after the issue saw moderate overall demand during the bidding period, with participation led by non-institutional investors while retail participation remained below full subscription.

IPO Structure And Issue Size

The public issue was a book-built IPO aggregating ₹20.32 crore, comprising both a fresh issue and an offer for sale component.

The company issued 0.17 crore fresh equity shares aggregating ₹16.79 crore, while 0.04 crore shares were offered for sale amounting to ₹3.53 crore. In total, the issue consisted of 20,73,600 equity shares including the market maker portion.

The price band for the IPO was ₹91 to ₹98 per share, and the final issue price was fixed at ₹98 per share.

Subscription Data Across Investor Categories

According to exchange data as of March 10, 2026, at 18:54 IST, the public issue was subscribed 1.13 times overall.

The category-wise subscription levels were as follows:

• Qualified Institutional Buyers (QIBs): 1.13 times
• Non-Institutional Investors (NIIs): 1.57 times
• Retail Individual Investors (RIIs): 0.69 times

The IPO received bids for 22,29,600 shares against 19,69,200 shares offered to the public.

Listing Day Share Price Snapshot

On the listing day, the stock opened at ₹100.05, above the issue price of ₹98 per share.

As of the market close on March 13, 2026, the stock recorded the following trading levels:

• Open: ₹100.05
• High: ₹105.05
• Low: ₹100.05
• Close: ₹104.40

The closing price represented a gain of ₹6.40, or 6.53%, over the IPO issue price, according to market data.

IPO Details and Key Participants

The IPO allotment was finalised on March 11, 2026, with shares credited to investors’ demat accounts on March 12, 2026, ahead of listing.

The minimum application size for retail investors was 2,400 shares, translating to a minimum investment of ₹2,35,200 at the upper price band.

Novus Capital Advisors Private Limited acted as the book-running lead manager for the issue, while Maashitla Securities Private Limited served as the registrar to the issue. Rikhav Securities Limited was appointed as the market maker.

Source; https://www.nseindia.com/get-quote/equity/SPCON/Srinibas-Pradhan-Constructions-Limited