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LCC Projects IPO Financials

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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 Financials FAQs

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.

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.