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LCC Projects IPO

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LCCPROJECT · Engineering · NSE

Updated · GMP, subscription and listing data refresh through the day.

LCC Projects IPO Details

RegistrarKfin Technologies Limited
Lead managersMotilal Oswal Investment Advisors Limited
Fresh issue₹320 Cr
Offer for sale₹169.14 Cr
Market cap at the offer₹4,229 Cr

Market capitalisation is the post-issue share count in the offer document’s capital structure (28,96,71,232 shares) multiplied by the upper end of the price band, ₹146. It is arithmetic on those two filed figures, not a valuation.

LCC Projects IPO Objects of the Offer what the fresh issue funds

Object of the offer₹ crore
Purchase of equipment₹14.69
Prepayment and/or repayment, in full or in part, of certain outstanding borrowings₹180
General corporate purposes—

As stated in the “Objects of the Offer” section of the offer document. Proceeds of the offer for sale go to the selling shareholders, not to the company.

LCC Projects Financials ₹ in crore

Revenue CAGR+21.9%2024 → 2026 · 2 yrs
Profit CAGR+53.2%2024 → 2026 · 2 yrs
Expenses CAGR+20.6%2024 → 2026 · 2 yrs
Total assets CAGR+47.2%2024 → 2026 · 2 yrs
00%12503%25005%37508%500010%202420252026
₹ crore202420252026
Revenue₹2,449.79₹2,941.01₹3,639.45
Expenses₹2,241.87₹2,647.56₹3,260.12
Net profit (PAT)₹122₹223.63₹286.44
PAT margin5.0%7.6%7.9%
Total assets₹1,129.99₹1,727.46₹2,447.54

LCC Projects IPO Valuation and Listed Peers as stated in the offer document

CompanyP/EEPSRoNWNAV / share
LCC Projects this issue, at ₹146—₹10.4232.24%₹32.66
Vishnu Prakash R Punglia Limited—−₹12.04—₹50.54
Enviro Infra Engineers Limited19.14×₹10.4215.28%₹70.23

The issue’s own figures are copied from the “Basis for the Offer Price” section of its offer document at the upper end of the price band, and the peers are the listed companies LCC Projects names in that same section as its comparison set. Peer figures are for the periods the document states, so they are not necessarily the latest reported. Every cell is transcribed from the filing; none is calculated here, and a figure the document does not state is left blank.

LCC Projects Shareholding before & after the IPO

Before the IPO
Pre-issue · the RHP's own shareholding pattern
100%
Promoter
After the IPO
Post-issue · projected from the offer structure
89.9%
Promoter
Promoter & promoter groupafter the IPO
Holding89.9%
Shares26,04,15,000
Through the IPO-10.10% · exiting

The founding owners and their group entities.

The pre-issue ring is the shareholding-pattern table printed in this issue’s red herring prospectus. No red herring prospectus states a post-issue register — every post-Offer column in one reads “[•], to be included in the Prospectus, subject to finalisation of Basis of Allotment”. So the second ring is worked out from the offer’s own structure. The fresh issue creates shares and dilutes everyone (₹2,580.00 million fresh issue ÷ ₹146 upper band); an offer for sale creates none, and moves the promoters’ holding only by what the promoters themselves sell — 272,000,000 held before the offer − 11,585,000 offered for sale by the promoters. Shares sold by an investor or any other shareholder reach the public without touching the promoter block. Projected at the upper end of the price band, and subject to the basis of allotment. Pre-issue percentages are taken from the disclosure, never estimated.

LCC Projects IPO Lot Size & Minimum Investment by investor category

ApplicationSharesAmount at ₹146
Retail (min)1 lot102₹14,892
Retail (max)13 lots1,326₹1,93,596
sHNI (min)14 lots1,428₹2,08,488
bHNI (min)68 lots6,936₹10,12,656

One lot is 102 shares, so a single application at the ₹146 cut-off costs ₹14,892. 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.

About LCC Projects

LCC Projects Limited is an engineering, procurement, and construction (EPC) company headquartered in Ahmedabad, Gujarat. The company focuses on irrigation and water management business, constructing dams, barrages, hydraulic structures, canals, pipe distribution networks, and lift irrigation works. Its main customers are state and central government departments.

LCC Projects IPO Strengths & Risks as disclosed in the DRHP

▲ Strengths (6)
LCC Projects Limited is one of the leading multidisciplinary EPC companies in India for irrigation and water supply projects.
The company maintains a strong order book and a diversified project portfolio.
LCC Projects Limited possesses in-house design and engineering capabilities with robust technical knowledge.
The company has strong risk management, project selection, and dispute resolution processes.
LCC Projects Limited operates with an efficient business model.
The company benefits from an experienced management team and qualified personnel with significant industry experience.
▼ Risk factors (7)
The company's business significantly depends on projects awarded by state and central government departments, primarily in the irrigation and water supply projects segment.
Inability to successfully bid for and acquire new projects in the irrigation and water supply projects segment could adversely affect business growth.
Actual project costs may vary significantly from bid assumptions, potentially leading to unrecoverable incremental expenses.
A significant portion of the company's revenue comes from its top ten customers, making it vulnerable to changes in these relationships.
The company is required to furnish bank and performance guarantees for projects, and their invocation could adversely affect cash flows.
Delays in project completion can lead to contract termination, cost overruns, or claims for damages, impacting financial condition.
The business is working capital intensive, and insufficient cash flows or inability to obtain suitable financing could adversely affect operations.

How to check LCC Projects IPO allotment status

Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For LCC Projects Limited, the registrar is Kfin Technologies Limited — allotment is finalised in the days between the issue closing on 11 Sept 2026 and listing on 17 Sept 2026.

RegistrarKfin Technologies Limited
You will needPAN, application number or demat ID
Issue closes11 Sept 2026
Listing date17 Sept 2026
Issue opens
Wed, 09 Sept, 2026
Bidding 10:00 am – 5:00 pm IST
Issue closes
Fri, 11 Sept, 2026
Last day to bid · UPI mandate by 5:00 pm
Allotment finalisedTentative
Tue, 15 Sept, 2026
By Kfin Technologies; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Wed, 16 Sept, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Thu, 17 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.

LCC Projects IPO FAQs

GMP

What is LCC Projects IPO GMP today?

No current grey market premium reading is being quoted for the LCC Projects Limited IPO — the issue has listed and the grey market stops quoting once shares trade on the exchange. The day-wise history on this page shows every reading we recorded. GMP is an unofficial, unregulated datapoint reported by third parties — not a price, a prediction, or investment advice.

Is LCC Projects IPO GMP a guarantee of the listing price?

No. The grey market is an informal, over-the-counter market between private dealers that is not operated or supervised by NSE, BSE or SEBI. No trade settles through a clearing corporation and no dealer is obliged to honour a quote, so the premium can change sharply within a day or disappear after bidding closes.

How often is LCC Projects IPO GMP updated on alphave?

Readings are collected about once an hour from third-party grey-market reporters while the issue is open, and each reading is timestamped. The history table shows one row per day, with the number of readings behind it.

Subscription

How many times is LCC Projects IPO subscribed?

As of 12 Sept, 3:37 am the LCC Projects Limited IPO is subscribed 48.51× overall: QIB 78.69×, non-institutional 62.99× and retail 25.56×. Figures are the exchange's consolidated demand across NSE and BSE.

What is the LCC Projects IPO retail subscription status?

The retail portion is subscribed 25.56× as of 12 Sept, 3:37 am. Retail applications are those up to ₹2,00,000 at the cut-off price.

How do I check LCC 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 LCC Projects IPO subscribed day by day?

Overall subscription at the end of each bidding day — day 1 (9 September 2026): 1.32×, day 2 (10 September 2026): 3.84×, day 3 (11 September 2026): 48.51×, day 4 (12 September 2026): 48.51× — 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.

Allotment

When is LCC Projects IPO allotment date?

Allotment for the LCC Projects Limited IPO is expected to be finalised on 15 September 2026, the trading day after the issue closes on 11 September 2026. Under SEBI's T+3 timeline refunds and demat credit follow on 16 September 2026 and the shares list on 17 September 2026. Dates are tentative until the registrar and exchange confirm them.

How to check LCC Projects IPO allotment status?

Allotment is decided and published by the registrar, Kfin Technologies Limited — not by the exchange and not by alphave. Open the registrar's IPO allotment page, choose the issue, and enter your PAN, application number or DP ID / client ID. Your bank will also show the blocked amount released if shares were not allotted.

Who is the registrar of LCC Projects IPO?

The registrar to the LCC Projects Limited IPO is Kfin Technologies Limited. The registrar processes applications, finalises the basis of allotment with the exchange, and handles refunds.

What happens if I do not get allotment?

The amount blocked in your bank account under ASBA or the UPI mandate is released, normally on the day allotment is finalised or the next working day. No shares are credited and nothing further is needed from you.

Dates

When does LCC Projects IPO open and close?

Bidding for the LCC Projects Limited IPO opens on 9 September 2026 and closes on 11 September 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 LCC Projects IPO listing date?

The shares are scheduled to list on 17 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 LCC Projects IPO?

Applications are made through a broker's app or a bank's net banking using ASBA, or by UPI mandate, between 9 September 2026 and 11 September 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 (₹146); a UPI mandate must be approved by 5:00 pm on the closing day.

What is the last date to apply for LCC Projects IPO?

11 September 2026 is the last day of bidding. Allotment is then expected on 15 September 2026, refunds and demat credit on 16 September 2026, and listing on 17 September 2026 — tentative until confirmed.

Price & Lot

What is the price band of LCC Projects IPO?

The LCC Projects Limited IPO price band is ₹146 to ₹146 per share. Applications are made at the cut-off price, which is the upper end of the band.

What is the lot size of LCC Projects IPO?

One lot is 102 shares, so a single application at the ₹146 cut-off costs ₹14,892. Retail investors can apply for up to 13 lots within the ₹2,00,000 retail limit.

What is the minimum investment in LCC Projects IPO?

₹14,892 — one lot of 102 shares at ₹146. Bids in the non-institutional category start above ₹2,00,000 and are made in multiples of the lot.

Is LCC Projects IPO a mainboard or SME issue, and on which exchange?

LCC Projects Limited is a mainboard issue listing on NSE. The lead manager is Motilal Oswal Investment Advisors Limited.

What is the issue size of LCC Projects IPO?

The issue size is ₹427.14 crore, of which ₹320 crore is a fresh issue and ₹169.14 crore an offer for sale by existing shareholders.

Financials

What is the revenue of LCC Projects?

LCC Projects Limited reported revenue of ₹3,639.45 crore in FY2026, as restated in its offer document. The table on this page shows each reported year.

Is LCC Projects profitable?

LCC Projects Limited reported a profit after tax of ₹286.44 crore in FY2026. Earlier years are in the table above.

Where do the LCC Projects IPO financials come from?

From the restated financial statements in the company's draft and final offer documents filed with SEBI and the exchange. alphave reports them as filed, in ₹ crore, and does not publish a valuation or a view on the issue.

Shareholding

What is the promoter holding in LCC Projects after the IPO?

The promoter and promoter group hold 89.90% after the issue, down from 100.00% before it, as disclosed in the offer document.

What is the pre-IPO shareholding of LCC Projects?

Before the issue the promoter and promoter group hold 100.00% of LCC Projects Limited. An unlisted company has no public shareholders; the public holding is created by the shares sold in this IPO.

Where does the shareholding pattern come from?

The pre-issue register is the capital structure disclosed in the offer document; the post-issue pattern is the company's shareholding-pattern filing with NSE or BSE once it is published, and the offer document's disclosed post-issue register until then.

DRHP

Where can I read the LCC Projects DRHP or RHP?

The offer document for the LCC Projects Limited IPO is linked on this page as filed with the exchange; SEBI and the lead managers also host it.

What is a DRHP?

The Draft Red Herring Prospectus is the document a company files with SEBI before an IPO. It describes the business, the financials, the risk factors, the promoters and how the money raised will be used. The Red Herring Prospectus (RHP) is the version filed just before the issue opens, with the price band and dates added.

What are the strengths disclosed in the LCC Projects DRHP?

LCC Projects Limited is one of the leading multidisciplinary EPC companies in India for irrigation and water supply projects. The company maintains a strong order book and a diversified project portfolio. LCC Projects Limited possesses in-house design and engineering capabilities with robust technical knowledge. The page lists all 6 as disclosed.

What are the key risks disclosed in the LCC Projects DRHP?

The company's business significantly depends on projects awarded by state and central government departments, primarily in the irrigation and water supply projects segment. Inability to successfully bid for and acquire new projects in the irrigation and water supply projects segment could adversely affect business growth. Actual project costs may vary significantly from bid assumptions, potentially leading to unrecoverable incremental expenses. The page lists all 7 disclosed risk factors.

Listing

When will LCC Projects IPO list?

The LCC Projects Limited shares are scheduled to list on 17 September 2026 on NSE. The listing price is discovered in a special pre-open session from 9:00 am and normal trading begins at 10:00 am IST.

What was the LCC Projects IPO listing price?

LCC Projects Limited listed at ₹189, a gain of 29.5% on the ₹146 issue price.

At what time does an IPO list?

On listing day the exchange runs a special pre-open session for the new stock from 9:00 am IST in which orders are collected and the listing price is discovered; continuous trading in the shares begins at 10:00 am IST.

Data sources

Where does the LCC Projects IPO data on this page come from, and how often is it updated?

Subscription figures are the exchange's own category-wise bids (NSE and BSE), refreshed every 5 minutes while bidding is open and frozen at the final tally after close. GMP is an unofficial grey-market indicator read about once an hour from third-party reporters, each reading timestamped. Price band, lot size, issue size, dates, registrar and lead managers are from the exchange's issue master and the offer document filed with SEBI. Financials and the shareholding pattern are as restated in the offer document; allotment is published only by the registrar, which this page links to. Anchor investor allocations, where shown, are the exchange's anchor allocation file.

LCC 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 LCC Projects IPO ASBA and UPI, as SEBI sets them

  1. 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.
  2. 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.
  3. 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 (11 Sept 2026).
  4. One application per PAN. A second application under the same PAN is rejected, and both may be.
  5. 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 ₹36 on a ₹146 upper band means the grey market is dealing at ₹182.

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.