Annu Projects Limited

Annu Projects Limited (New IPO): GMP, Price, Review, Profit

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Annu Projects Limited is engaged in infrastructure development, primarily focusing on construction and engineering projects such as roads, civil works, and government contracts. The company operates as an EPC (Engineering, Procurement, and Construction) contractor, delivering projects across public and private sectors.

It provides design, development, implementation, operations and maintenance of overhead & underground utilities infrastructure across telecom, sewerage & gas pipeline sectors.
It has executed 25,000+ km of optical fibre network and works in multiple Indian states.

Annu Projects Limited was incorporated in 2003 & currently Mr. Sanjay Kumar Sarraf serves as the Managing Director and CEO of the company.

Annu Projects Limited has filed its DRHP with SEBI for a proposed IPO featuring a Fresh Issue of 22,000,000 Equity Shares and no Offer for Sale (OFS).

Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:22,000,000 Equity shares
Fresh Issue:22,000,000 Equity shares
Offer for Sale:NA
Price Range:TBA
Lot Size:TBA
GMPPending

Annu Projects Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2024
Networth₹ 68.92 Cr
Revenue:₹ 153.98 Cr
EBITDA₹ 28.60 Cr
PAT₹ 17.38 Cr
EBITDA Margin:~18.58%
PAT Margin~ 11.29%
Face Value:₹ 10

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Capital Expenditure₹ 14.02 Cr
Working Capital Requirement₹ 115 Cr
Borrowing prepayment/repayment₹ 00 Cr
General Corporate PurposeBalance

Annu Projects Limited Financial Data

202220232024
Revenue (₹ Cr)₹ 111.6₹ 129.8₹ 154.0
PAT (₹ Cr)₹ 3.5₹ 7.2₹ 17.4
Asset (₹ Cr)₹ 142.0₹ 147.5₹ 161.3
Net Worth (₹ Cr)₹ 44.4₹ 51.5₹ 68.9

Annu Projects Limited IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
23-May₹ –₹ –₹ –
22-May₹ –₹ –₹ –
21-May₹ –₹ –₹ –
20-May₹ –₹ –₹ –
19-May₹ –₹ –₹ –
Annu Projects Limited

Annu Projects Limited Pro’s and Con’s

Strengths:

  • Established EPC company with 20+ years of experience in infrastructure projects.
  • Strong order book and government contracts ensure steady revenue.
  • Expanding presence in telecom, sewerage, and pipeline sectors.
  • DRHP indicates improving profitability and margins in recent years.
  • IPO proceeds aimed at working capital and business expansion, supporting growth.

Risks:

  • High dependence on government projects, which can delay payments.
  • Market share and customer base are limited, lacking national dominance.
  • Price band not yet announced – valuation risk is unknown.
  • Competition from larger EPC firms could affect margin stability.
  • Infrastructure sector is cyclical and sensitive to economic slowdown.

Annu Projects Limited Promoters – Pre offer equity (Approx)

Promoters%Shares
Sanjay Kumar Sarraf~ 60.78 %
Krishna Ranjan~ 26.86 %
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Annu Projects Limited Lot Size details

Application TypeLot SizeNo. of LotNo. of SharesInvestment Amount
Retail (Min)–1–₹ –
Retail (Max)–13–₹ –
HNI (Min)–14–₹ –
HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of Annu Projects Limited

Lead / Book Running Lead ManagersMefcom Capital Markets Limited
Registrar (RTA)Kfin Technologies Limited

Annu Projects Limited FAQ’s

  • It is an infrastructure EPC firm that designs, builds, operates and maintains overhead & underground utilities (telecom, sewerage and gas pipelines).
  • Annu Projects is raising funds via IPO to fund capital expenditure, support working capital needs and for general corporate purposes.
  • The issue size of the IPO comprises entirely as Fresh Issue of ~2.20 Cr equity shares. It will be listed on BSE and NSE platform.
  • Key risks include dependency on project awards, high receivable cycles, competition and infrastructure sector cyclicality.
  • Upsides include strong order book, diversified utility infrastructure portfolio and improving profitability make growth prospects attractive.
  • Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.

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