Q1. What is the business of Annu Projects Limited?

It is an infrastructure EPC firm that designs, builds, operates and maintains overhead & underground utilities (telecom, sewerage and gas pipelines).

Q2. Why is the company raising funds via IPO?

Annu Projects is raising funds via IPO to fund capital expenditure, support working capital needs and for general corporate purposes.

Q3. What is the size of the issue and where will it list?

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.

Q4. What are the key risks to an investor?

Key risks include dependency on project awards, high receivable cycles, competition and infrastructure sector cyclicality.

Q5. What are the potential upsides?

Upsides include strong order book, diversified utility infrastructure portfolio and improving profitability make growth prospects attractive.

Q6. How to apply for the IPO?

Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.

Annu Projects Limited

Upcoming

Annu Projects Limited

Market Cap

—

IPO Issue Size

22,000,000 Equity shares

Expected Price by IPOCorner

—

0

IPO Score

0

*Score varies on actual price

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.

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

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

Subscription date to apply for Annu Projects Limited is yet to be announced. Price band for the IPO is yet to be declared.

22,000,000 Equity shares

Fresh Issue

22,000,000 Equity shares

Year	2025
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	Rs.10 per Equity Share

IPO Important Dates

#	Date
Open Date
Close Date	TBA
Anchor Investor Bidding	TBA
Allotment Date	TBA
Refunds& Demat Credit	TBA
Tentative Listing Date	TBA

Use Of Proceeds

Purpose	Amount
Capital/Technology & Infrastructure	₹ 14.02 Cr
Working Capital Requirement	₹ 115 Cr
-	-
-	-
-	-
General Corporate Purpose	Balance

Financial Data

#	2023	2024	2025
Revenue (₹ Cr)	111.56	129.8	153.98
PAT (₹ Cr)	3.52	7.18	17.38
Asset (₹ Cr)	142.03	147.47	161.33
Net Worth (₹ Cr)	44.38	51.48	68.92

IPO Grey Market Premium

Date	IPO Price	IPO GMP	Profit Per Lot
23-Aug	₹ –	₹ –	₹ –
22-Aug	₹ –	₹ –	₹ –
21-Aug	₹ –	₹ –	₹ –
20-Aug	₹ –	₹ –	₹ –
19-Aug	₹ –	₹ –	₹ –

Pros

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.

Cons

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.

Promoters – Pre offer equity (Approx)

Promoters	% Shares
Sanjay Kumar Sarraf	~ 60.78 %
Krishna Ranjan	~ 26.86 %
-	-
-	-
-	-
-

Lot Size details

Application Type	Lot Size	No. of Lot	No. of Shares	Investment Amount
Retail (Min)	–	1	–	₹ –
Retail (Max)	–	13	–	₹ –
HNI (Min)	–	14	–	₹ –
HNI (Max)	–	66	–	₹ –
Big HNI (Min)	–	67	–	₹ –

Key Performance Index (KPI)

ROE	00
ROCE	00
RoNW	00

Lead / Book Running Lead Managers

Mefcom Capital Markets Limited

Registrar (RTA)

KFin Technologies Limited

Q1. What is the business of Annu Projects Limited?
It is an infrastructure EPC firm that designs, builds, operates and maintains overhead & underground utilities (telecom, sewerage and gas pipelines).
Q2. Why is the company raising funds via IPO?
Annu Projects is raising funds via IPO to fund capital expenditure, support working capital needs and for general corporate purposes.
Q3. What is the size of the issue and where will it list?
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.
Q4. What are the key risks to an investor?
Key risks include dependency on project awards, high receivable cycles, competition and infrastructure sector cyclicality.
Q5. What are the potential upsides?
Upsides include strong order book, diversified utility infrastructure portfolio and improving profitability make growth prospects attractive.
Q6. How to apply for the IPO?
Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.