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Annu Projects IPO
Annu Projects Limited is open for subscription, offered in a price band of ₹94 to ₹99 per share, in lots of 151 shares. Every figure below is taken from the issue's own filings and exchange disclosures.
Issue details
- Price band
- ₹94 – ₹99
- Lot size
- 151 shares
- Minimum investment
- ₹14,949
- Issue size
- ₹175 Cr
- Fresh issue
- ₹175 Cr
- Offer for sale
- —
- Opens
- 25 Aug 2026
- Closes
- 28 Aug 2026
- Listing date
- 2 Sept 2026
- Registrar
- KFin Technologies Limited
- Symbol
- ANNU
One lot of 151 shares at the upper band price of ₹99 is ₹14,949 — the smallest retail application this issue accepts.
Lead managers: Mefcom Capital Markets Limited.
Subscription status
How many times the issue has been applied for, by investor category, as reported by the exchange at 27 Aug 2026, 07:05 pm IST.
Annu Projects IPO — subscription by category| Category | Times subscribed |
|---|
| Qualified institutional buyers (QIB) | 1.16× |
|---|
| Non-institutional investors (NII / HNI) | 0.90× |
|---|
| Retail individual investors | 0.81× |
|---|
| Total | 0.88× |
|---|
Grey market premium (GMP)
- Latest reported GMP
- ₹4
- Implied over upper band
- 4.00%
- As of
- 27 Aug 2026, 09:05 pm IST
How the reported premium has moved. The trend matters more than any single reading — a premium that is drifting down into the close is a different signal from one holding firm.
Annu Projects IPO — reported GMP history| Reported at | GMP |
|---|
| 27 Aug 2026, 09:05 pm IST | ₹4 |
|---|
| 27 Aug 2026, 08:05 pm IST | ₹4 |
|---|
| 27 Aug 2026, 07:05 pm IST | ₹4 |
|---|
| 27 Aug 2026, 06:15 pm IST | ₹4 |
|---|
| 27 Aug 2026, 05:15 pm IST | ₹4 |
|---|
| 27 Aug 2026, 04:15 pm IST | ₹4 |
|---|
| 27 Aug 2026, 03:15 pm IST | ₹4 |
|---|
| 27 Aug 2026, 02:10 pm IST | ₹4 |
|---|
| 27 Aug 2026, 01:10 pm IST | ₹4 |
|---|
| 27 Aug 2026, 12:10 pm IST | ₹4 |
|---|
| 27 Aug 2026, 11:10 am IST | ₹4 |
|---|
| 27 Aug 2026, 10:05 am IST | ₹4 |
|---|
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.
Reported financials
As disclosed in the offer document. Figures in ₹ crore unless the filing states otherwise.
Annu Projects — financials from the offer document| PAT | Assets | Expense | Revenue | Period Ended |
|---|
| ₹17.39 | ₹161.34 | ₹131.00 | ₹155.42 | 2024 (Consolidated) |
|---|
| ₹21.10 | ₹233.37 | ₹154.14 | ₹182.35 | 2025 (Consolidated) |
|---|
| ₹33.03 | ₹341.82 | ₹198.42 | ₹244.59 | 2026 (Standalone) |
|---|
Strengths disclosed in the offer document
- 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 disclosed in the offer document
- 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.
These are the company's own disclosures, not Alphave's assessment. Read the offer document →
What this page will not tell you
- Whether to apply
- Alphave is NISM-certified, not a SEBI-registered research analyst. There is no rating, verdict or recommendation on this issue anywhere on this page.
- What it will list at
- Nobody knows, and GMP is not a forecast of it. It is an unofficial over-the-counter quote reported by third parties, shown here with its source time so you can judge how stale it is.
- Your allotment
- Allotment is decided by the registrar (KFin Technologies Limited) after the issue closes. Track the whole calendar in the IPO Centre.
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