Market capitalisation is the post-issue share count in the offer document’s capital structure (6,54,92,670 shares) multiplied by the upper end of the price band, ₹99. It is arithmetic on those two filed figures, not a valuation.
The post-issue ring is the register this issue’s RHP discloses. Pre-issue register from the RHP capital structure, cross-checked against exchange data. Pre-issue percentages are taken from the disclosure, never estimated.
One lot is 151 shares, so a single application at the ₹99 cut-off costs ₹14,949. Retail applications are capped at ₹2,00,000, which is 13 lots for this issue. Amounts are shown at the upper band because applications are made at the cut-off price.
Annu Projects IPO Strengths & Risks as disclosed in the DRHP
▲ Strengths (6)
The company has established expertise in engineering, procurement, and commissioning projects with a focus on underground and overhead utilities infrastructure.
The company possesses a fleet of over 400 plant and machinery, which enables efficient execution and optimal utilization of machinery.
The company has developed project management skills for planning, monitoring, and execution, which enhance resource optimization and cost control.
The company has established relationships with local partners and vendors, which provide logistical advantages, better access to resources, and deeper market insights.
The company's quality and safety standards and processes are evidenced by its ISO certifications including ISO 9001:2015 and 45001:2018.
The company has a management team with extensive industry experience, including its Board of Directors and Promoters, who bring significant business and management expertise.
▼ Risk factors (8)
The company derived more than 80.00% of its revenue from operations from telecom infrastructure and sewerage infrastructure verticals, making it vulnerable to slowdowns in these sectors.
The company is dependent on government sector entities for a significant portion of its revenue, exposing it to risks inherent in doing business with them.
The company's current order book may not necessarily translate into future revenue, as orders can be modified, cancelled, delayed, put on hold, or not fully paid for by customers.
The company requires obtaining Right of Way (RoW) from relevant authorities to lay optical fibres, and delays in this process can impact its business.
The company may incur losses under project contracts and services contracts, or be subjected to disputes, penalties, or liquidated damages due to delays or failures to meet contract specifications.
The company collaborated with consortium/joint bidding partners for projects, and any failure to tie up with these partners may adversely impact its business operations, future prospects, and financial performance.
The company relies on its sub-contractors for timely execution of projects, and their failure to do so may lead to delays, invocation of bank guarantees, and disputes.
The company operates in a working capital-intensive business, and any failure to effectively manage its working capital requirements could adversely impact its business prospects, operational results, and financial condition.
Annu Projects IPO Dates timeline · IST
Issue opens
Tue, 25 Aug, 2026
Bidding 10:00 am – 5:00 pm IST
Issue closes
Fri, 28 Aug, 2026
Last day to bid · UPI mandate by 5:00 pm
Allotment finalisedTentative
Mon, 31 Aug, 2026
By KFin Technologies; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Tue, 01 Sept, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Wed, 02 Sept, 2026
NSE · trading from 10:00 am IST
Exchange bidding runs 10:00 am – 5:00 pm IST on each day of the issue; UPI mandates must be accepted by 5:00 pm on the closing day, and brokers may stop taking bids earlier. Allotment, refund and credit dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them.
Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Annu Projects Limited, the registrar is KFin Technologies Limited — allotment is finalised in the days between the issue closing on 28 Aug 2026 and listing on 02 Sept 2026.
RegistrarKFin Technologies Limited
You will needPAN, application number or demat ID
Issue closes28 Aug 2026
Listing date02 Sept 2026
The registrar publishes allotment on its own portal: KFintech. Your bank will also show the blocked amount released if shares were not allotted.
Annu Projects IPO Dates FAQs
When does Annu Projects IPO open and close?
Bidding for the Annu Projects Limited IPO opens on 25 August 2026 and closes on 28 August 2026. Exchange bidding runs from 10:00 am to 5:00 pm IST on each day; UPI mandates must be accepted by 5:00 pm on the closing day, and brokers may stop taking bids somewhat earlier.
What is the Annu Projects IPO listing date?
The shares are scheduled to list on 2 September 2026 on NSE. Trading starts at 10:00 am IST after the special pre-open session that discovers the listing price.
How do I apply for Annu Projects IPO?
Applications are made through a broker's app or a bank's net banking using ASBA, or by UPI mandate, between 25 August 2026 and 28 August 2026. The amount is only blocked, not debited, until allotment. Retail bids of up to ₹2,00,000 are usually placed at the cut-off price (₹99); a UPI mandate must be approved by 5:00 pm on the closing day.
What is the last date to apply for Annu Projects IPO?
28 August 2026 is the last day of bidding. Allotment is then expected on 31 August 2026, refunds and demat credit on 1 September 2026, and listing on 2 September 2026 — tentative until confirmed.
Annu Projects IPO Registrar where allotment and refund queries go
RegistrarKFin Technologies Limited
The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.
How to Apply for the Annu Projects IPO ASBA and UPI, as SEBI sets them
Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
Choose the number of lots and bid at the cut-off price. Retail applications are capped at ₹2,00,000; above that the bid moves to the non-institutional category.
If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (28 Aug 2026).
One application per PAN. A second application under the same PAN is rejected, and both may be.
After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, KFin Technologies Limited, not to the exchange or the broker.
What is GMP in an IPO?
Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹7 on a ₹99 upper band means the grey market is dealing at ₹106.
The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.
Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.