LCC Projects Limited
Open now9–11 Sep 2026
Updated 2026-09-09 (IST)
What LCC Projects Limited does
LCC Projects Limited is a multidisciplinary engineering, procurement, and construction (EPC) company based in Gujarat, India. The company is primarily engaged in the business of designing, construction, and operation and maintenance of roads, highways, bridges, irrigation, and mining projects, as well as water and wastewater treatment plants.
LCC Projects Limited financials
Rs crore · AnnualLatest year highlighted in green. Sparklines show the trend.
| FY2024 | FY2025 | FY2026 | ||
|---|---|---|---|---|
| Sales | 2,439 | 2,918 | 3,600 | |
| Operating Profit | 241 | 401 | 520 | |
| OPM % | 9.9% | 13.7% | 14.4% | |
| Net Profit | 122 | 224 | 286 | |
| Total Debt | 422 | 747 | 861 |
LCC Projects Limited IPO offer structure
Total: ₹427 cr. 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- Purchase of equipment: ₹15 cr
- Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company: ₹180 cr
- General Corporate Purposes
LCC Projects Limited promoters and holding
- Arjan Suja Rabari: Chairman and Managing Director
- Laljibhai Arjanbhai Ahir: Managing Director
- Maya Arjan Rabari: Non-Executive Director
LCC Projects Limited strengths and risks
Company-stated strengths and disclosed risk factors from the offer document.
- Multidisciplinary EPC company in India for irrigation and water supply projects. (p.187)
- Strong Order Book and diversified project portfolio. (p.188)
- In-house project designing capabilities with robust technical knowledge. (p.189)
- Strong risk management, project selection and dispute resolution processes. (p.189)
- Efficient business model. (p.190)
- Our inability to collect receivables outstanding and due to be paid by our customers in a timely manner may adversely affect our business. (p.22)
- We have certain contingent liabilities which, if they materialize, may adversely affect our results of operations, cash flows, and financial condition. (p.23)
- Our business operations are being conducted on premises leased from third parties, and inability to renew leases may affect operations. (p.23)
- Our Company has a significantly higher level of indebtedness and leverage compared to our listed industry peers. (p.24)
- Revenue from our top ten customers comprises a significant portion of our revenue from operations. (p.25)
LCC Projects Limited peer comparison: DRHP median P/E 19.1x
Live BSE prices| Company | CMP | P/E | OPM% | ROE% | Source |
|---|---|---|---|---|---|
| Vishnu Prakash R Punglia Limited | Rs 36.46 +6.5% | — | -23.5% | -25.9% | live |
| Enviro Infra Engineers Limited | Rs 196.15 -1.0% | 18.0x | 24.4% | — | live |
P/E from offer document where live data unavailable. Not a fair-value judgement.
LCC Projects Limited market and competition
The company is a multidisciplinary large corporate EPC company from Gujarat, poised to undertake infrastructure projects across 12 states in India, and is a leading player in terms of market share in the irrigation and water supply projects segment as of March 31, 2026.
LCC Projects Limited outlook, as the document states it
We plan to continue our strategy of diversifying and expanding our presence in different states within India for the growth of our business. We aim to effectively target growth opportunities, broaden our revenue base, and mitigate risks associated with market conditions. We also intend to diversify into and will continue to bid for projects related to renewable energy including solar and wind power projects.
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LCC Projects Limited IPO: common questions
When does the LCC Projects Limited IPO open and close?
The LCC Projects Limited IPO is open from 9 Sep 2026 to 11 Sep 2026.
What is the LCC Projects Limited IPO price band?
The price band is ₹139–₹146 per share.
What is the lot size and minimum investment for the LCC Projects Limited IPO?
One lot is 102 shares, and a retail application must be at least one lot. That is about ₹14,892 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 LCC Projects Limited IPO?
As of 9 Sep 2026 the indicative GMP is +15.8%. GMP is unregulated and self-reported. Never decide on it alone.
When are the LCC Projects Limited IPO allotment and listing dates?
Not published yet. Derived from the close date on the usual timetable: allotment around 15 Sep 2026, refund/unblock around 16 Sep 2026 and listing around 17 Sep 2026. Treat these as estimates until the exchange confirms them.
How do I apply for the LCC 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 → Has GMP actually been right? →
How often do these actually open above the issue price?
Of the 505 mainboard IPOs that have listed on the NSE since 2003, 359 (71%) opened above their issue price, at a median of +10%. That is the segment's own record, not a forecast for this issue.