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.
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.
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
Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.
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 Subscription Status FAQs
How many times is Annu Projects IPO subscribed?
As of 28 Aug, 7:05 pm the Annu Projects Limited IPO is subscribed 2.93× overall: QIB 1.72×, non-institutional 3.55× and retail 2.68×. Figures are the exchange's consolidated demand across NSE and BSE.
What is the Annu Projects IPO retail subscription status?
The retail portion is subscribed 2.68× as of 28 Aug, 7:05 pm. Retail applications are those up to ₹2,00,000 at the cut-off price.
How do I check Annu Projects IPO subscription status?
NSE and BSE publish the category-wise bids for every open issue during bidding hours. This page reads that feed and shows the QIB, NII and retail book, plus one row per day so the build-up over the issue can be compared.
How was Annu Projects IPO subscribed day by day?
Overall subscription at the end of each bidding day — day 1 (25 August 2026): 0.34×, day 2 (26 August 2026): 0.47×, day 3 (27 August 2026): 0.88×, day 4 (28 August 2026): 2.93× — from the exchange feed. The day-wise table on this page breaks each day into QIB, non-institutional and retail.
What does 2× subscription mean?
Subscription of 2× means bids were received for twice the number of shares offered in that category. When a category is oversubscribed, allotment in it is decided by the registrar under the basis-of-allotment rules — retail by lottery for the minimum lot, for example.
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.