Updated · GMP, subscription and listing data refresh through the day.
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.
| 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.
| ₹ crore | 2024 | 2025 | 2026 |
|---|---|---|---|
| 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 margin | 5.0% | 7.6% | 7.9% |
| Total assets | ₹1,129.99 | ₹1,727.46 | ₹2,447.54 |
| Company | P/E | EPS | RoNW | NAV / share |
|---|---|---|---|---|
| LCC Projects this issue, at ₹146 | — | ₹10.42 | 32.24% | ₹32.66 |
| Vishnu Prakash R Punglia Limited | — | −₹12.04 | — | ₹50.54 |
| Enviro Infra Engineers Limited | 19.14× | ₹10.42 | 15.28% | ₹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.
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.
| Application | Shares | Amount at ₹146 |
|---|---|---|
| Retail (min)1 lot | 102 | ₹14,892 |
| Retail (max)13 lots | 1,326 | ₹1,93,596 |
| sHNI (min)14 lots | 1,428 | ₹2,08,488 |
| bHNI (min)68 lots | 6,936 | ₹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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
₹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.
LCC Projects Limited is a mainboard issue listing on NSE. The lead manager is Motilal Oswal Investment Advisors Limited.
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.
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.
LCC Projects Limited reported a profit after tax of ₹286.44 crore in FY2026. Earlier years are in the table above.
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.
The promoter and promoter group hold 89.90% after the issue, down from 100.00% before it, as disclosed in the offer document.
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.
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.
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.
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.
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.
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.
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.
LCC Projects Limited listed at ₹189, a gain of 29.5% on the ₹146 issue price.
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.
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.
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.
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.