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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.
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 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.
The registrar publishes allotment on its own portal: KFintech. Your bank will also show the blocked amount released if shares were not allotted.
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 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.