Annu Projects Limited
Open now25–28 Aug 2026
Updated 2026-08-25 (IST)
What Annu Projects Limited does
Established in 2003, we are engaged in the design, development, implementation, operations and maintenance of essential overhead and underground utilities infrastructure across telecom infrastructure, sewerage infrastructure vertical, gas pipeline vertical and railway signalling vertical.
Annu Projects Limited financials
Rs crore · AnnualLatest year highlighted in green. Sparklines show the trend.
| FY24 | FY25 | FY26 | ||
|---|---|---|---|---|
| Sales | 154 | 180 | 241 | |
| Operating Profit | 29 | 32 | 50 | |
| OPM % | 18.5% | 17.9% | 20.8% | |
| Net Profit | 17 | 21 | 33 | |
| Total Debt | 20 | 22 | 53 |
Annu Projects Limited IPO offer structure
Fresh issue: ₹175 cr
The offer-for-sale component is not stated in what we extracted from the offer document, so the full issue size and the split between the two are unknown. This figure is the fresh issue alone, not the total raise. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.
Issue size and split come from a public aggregator rather than the exchange, cross-checked against a second one. The offer document states the offer-for-sale as a share count against a blank amount, so it cannot be read from the document itself.
Use of proceeds- Funding capital expenditure requirements of our Company for purchase of machinery or equipment: ₹15 cr
- Funding working capital requirements of our Company: ₹115 cr
- General corporate purposes
Annu Projects Limited promoters and holding
- Sanjay Kumar Sarraf: Chairman and Managing Director
- Krishna Ranjan: Whole-Time Director
Annu Projects Limited strengths and risks
Company-stated strengths and disclosed risk factors from the offer document.
- Established expertise in engineering, procurement and commissioning projects with special focus on underground and overhead utilities infrastructure. (p.217)
- Project management with integrated execution capabilities. (p.218)
- Strong Order Book. (p.219)
- Strong and consistent financial performance. (p.220)
- Experienced leadership and strong management team. (p.221)
- We derived more than 90.00% of our revenue from operations from our telecom infrastructure and sewerage infrastructure verticals during Fiscals 2026, 2025 and 2024. (p.22)
- We are dependent on and derived 57.09%, 64.99% and 60.88% of our revenue from operations from government sector entities based on competitive bidding. (p.23)
- We are dependent on our top ten customers in respect of our business, who contributed up to 97.96% of our revenue from operations in Fiscal 2026. (p.25)
- Our current Order Book may not necessarily translate into or indicate our future revenue in its entirety. (p.26)
- Our business is relatively concentrated in the States of Bihar, Jharkhand, Goa, West Bengal and Madhya Pradesh. (p.27)
Annu Projects Limited peer comparison: DRHP median P/E 19.9x
Live BSE prices| Company | CMP | P/E | OPM% | ROE% | Source |
|---|---|---|---|---|---|
| Likhitha Infrastructure Limited | Rs 210.8 -0.3% | 25.9x | 14.5% | 9.9% | live |
| Bondada Engineering Limited | Rs 285.35 -0.3% | 16.6x | — | — | live |
| EMS Limited | Rs 384.7 -2.6% | 31.1x | 20.3% | 7.6% | live |
| Suyog Telematics Limited | Rs 746.75 -0.1% | 14.5x | 63.2% | 16.7% | live |
P/E from offer document where live data unavailable. Not a fair-value judgement.
Annu Projects Limited market and competition
We are one of the diversified companies in the EPC sector, involved in fields ranging from fiber optics to sewerage projects and also undertakes gas pipeline projects. We believe our main competitors are Bondada Engineering Limited, EMS Limited, Likhitha Infrastructure Limited and Suyog Telematics Limited.
Annu Projects Limited outlook, as the document states it
We constantly seek to enhance our addressable markets within India through delivery of our services from our offices located across multiple states. We plan to adopt a phased approach for international operations, which may include market research, forming alliances or joint ventures with local partners. We also intend to diversify into and will continue to bid for projects related to the gas pipeline and sewerage infrastructure, and are actively exploring strategic opportunities across new transformative sectors such as railway signalling.
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Annu Projects Limited IPO: common questions
When does the Annu Projects Limited IPO open and close?
The Annu Projects Limited IPO is open from 25 Aug 2026 to 28 Aug 2026.
What is the Annu Projects Limited IPO price band?
The price band is ₹94–₹99 per share.
What is the lot size and minimum investment for the Annu Projects Limited IPO?
One lot is 151 shares, and a retail application must be at least one lot. That is about ₹14,949 at the upper end of the band. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category.
What is the grey-market premium (GMP) for the Annu Projects Limited IPO?
As of 25 Aug 2026 the indicative GMP is +0.0%. GMP is unregulated and self-reported. Never decide on it alone.
When are the Annu Projects Limited IPO allotment and listing dates?
Not published yet. Derived from the close date on the usual timetable: allotment around 31 Aug 2026, refund/unblock around 1 Sep 2026 and listing around 2 Sep 2026. Treat these as estimates until the exchange confirms them.
How do I apply for the Annu Projects Limited IPO?
Through any broker app or your bank's net banking, using a demat account and a PAN. You bid in lots at a price inside the band, or at cut-off. The money is blocked in your account, not debited, until allotment. One application per PAN. We do not recommend brokers and carry no broker links. How to apply, start to finish →
Sources & method
Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.
Grey-market premium (GMP) is unregulated.
Every GMP figure is a self-reported grey-market estimate. No exchange, regulator or clearing body records or audits it, and there is no settlement guarantee or recourse. Shown for context only; never decide on GMP alone. New to GMP? The 30-second explainer → All live GMP, and its record →
How often do these actually open above the issue price?
Of the 493 mainboard IPOs that have listed on the NSE since 2003, 351 (71%) opened above their issue price, at a median of +10%. That is the segment's own record, not a forecast for this issue.