LCC Projects IPO
UPCOMINGMAINBOARDUpcoming Issue
₹427.14 Cr
Opens
09 Sep 2026
Fresh / OFS
₹258.00 Cr / —
- Price Band
- ₹139 – ₹146
- Lot Size
- 102
- Lot Value
- ₹14,892
- Open Date
- 09 Sep 2026
- Close Date
- 11 Sep 2026
- Min Investment
- ₹14,892
About LCC Projects
Use of IPO Proceeds
Total allocation: ₹194.69 Cr (excludes issue expenses)
Promoters
Arjan Suja Rabari
Chairman and Managing Director · age 48
Pre-issue: 41%
Laljibhai Arjanbhai Ahir
Managing Director · age 36
Pre-issue: 41%
Maya Arjan Rabari
Non-Executive Director · age 21
Investment Analysis
Quick Analysis: 6 strengths · 6 risk factors· Exchange: BSE, NSE
Strengths (6)
- •Multidisciplinary EPC company in India with leading market share in irrigation and water supply
- •Strong order book and diversified project portfolio across irrigation and water supply segments
- •In-house project designing capabilities with robust technical knowledge and engineering expertise
- •Strong risk management, project selection and dispute resolution processes for complex projects
- •Efficient business model with track record of completing projects ahead of or on schedule
- •Experienced management team and qualified personnel with significant industry experience
Risk Factors (6)
- •Inability to collect receivables from customers in timely manner may adversely affect cash flows and financial condition.
- •Political, economic instability and external factors beyond control may adversely affect Indian business and operations.
- •Health pandemics, terrorism, natural disasters and civil disturbances may disrupt operations and economic conditions.
- •Variations in funding requirements and deployment of net proceeds may affect business and results of operations.
- •Non-GAAP measures and KPIs may not be comparable and could contain measurement errors affecting business assessment.
- •Differences between Ind AS and other accounting principles may be material to investors assessment of financial condition.
📊 Algorithmic Score
Computed from issue structure — GMP, fresh issue %, OFS %, issue size
Why do these differ? The Algorithmic Score measures issue quality (structure, size, promoter commitment). The Demand Analysis measures investor interest signals (subscription, GMP, risks). A high-quality issue can still have unconfirmed demand — especially before subscription opens.
✍️ Demand & Risk Analysis
Based on market demand signals — subscription, GMP trend, risk factors
IPO Market Analysis
ANALYSIS PENDINGRating will be available once IPO opens for subscription.
This is algorithmic analysis, not investment advice. Always read the DRHP before investing.
GMP Trend
GMP data will appear a few days before the IPO opens.
Quick Profit Calculator
Pre-filled: Issue Price = ₹146, Lot Size = 102 shares
Number of Lots
| Lots | Investment |
|---|---|
| 1 | ₹14,892 |
| 2 | ₹29,784 |
| 3 | ₹44,676 |
| 5 | ₹74,460 |
| 10 | ₹1,48,920 |
Estimated profit based on GMP. Actual listing price may vary.
Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (13 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 102 | ₹14,892 |
| Retail (max) | 13 | 1,326 | ₹1,93,596 |
| S-HNI (min) | 14 | 1,428 | ₹2,08,488 |
| S-HNI (max) | 67 | 6,834 | ₹9,97,764 |
| B-HNI (min) | 68 | 6,936 | ₹10,12,656 |
Subscription Status
Subscription data will appear once bidding begins.
IPO Timeline
Issue Opens
09 Sep 2026 · Wed
Issue Closes
11 Sep 2026 · Fri
Bidding Cut-off (UPI Mandate)
11 Sep 2026 · 5:00 PM IST
Allotment
15 Sep 2026 · Tue
Listing
17 Sep 2026 · Thu
Issue Opens
09 Sep 2026 · Wed
Issue Closes
11 Sep 2026 · Fri
Bidding Cut-off (UPI Mandate)
11 Sep 2026 · 5:00 PM IST
Allotment
15 Sep 2026 · Tue
Listing
17 Sep 2026 · Thu
IPO Details
| Registrar | KFin Technologies Limited |
| Exchange | BSE, NSE |
| ISIN | — |
| Face Value | ₹5 |
| Issue Size | ₹427.14 Cr |
| Fresh Issue | ₹258.00 Cr |
| OFS Size | — |
| Lead Managers | Motilal Oswal Investment Advisors Limited |
3-Year Financial Summary
Revenue trend
↑ FY24→FY25
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY25 | 2,918.29 | 223.63 | 10.42 | — | 32.24% |
| FY24 | 2,438.91 | 122 | — | — | — |
Detailed Line Items (₹ Cr)
| Line Item | FY24 | FY25 |
|---|---|---|
| EBITDA | 241.37 | 401.04 |
| Net Worth | 382.83 | 604.99 |
| Total Borrowings | 421.64 | 746.77 |
From the company's offer document (DRHP/RHP); restated figures where available.
Valuation at Issue Price
Issue P/E
14.0x
Price ÷ EPS
EPS (FY25)
₹10
Earnings per share
RoNW
32.24%
Return on net worth
ROCE
27.13%
as reported in filing
EBITDA margin
13.7%
EBITDA ÷ revenue
Price/NAV
4.47x
Price ÷ NAV (as reported)
Company Fundamentals
11 sections extracted from this filingCapital Structure
| Authorised Capital | — |
| Issued Capital | — |
| Paid-up Capital | ₹136.00 Cr |
| Equity Shares (Pre-Issue) | — |
| Equity Shares (Post-Issue) | — |
Source: LCC Projects offer document (DRHP/RHP).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in LCC Projects's filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in LCC Projects's filing.
Source: LCC Projects offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- QIB+50.00%
- NII / HNI+15.00%
- Retail+35.00%
OFS Selling Shareholders
- Arjan Suja Rabari57,92,500 sh
- Laljibhai Arjanbhai Ahir57,92,500 sh
Source: LCC Projects offer document (DRHP/RHP).
Board & Management
Board of Directors (6)
- Arjan Suja Rabari₹2.40 Cr p.a.
Chairman and Managing Director
- Laljibhai Arjanbhai Ahir₹2.40 Cr p.a.
Managing Director
- Maya Arjan Rabari₹0.00 Cr p.a.
Non-Executive Director
- Rajnikant Chimanlal Diwan₹0.00 Cr p.a.
Independent Director
- Vijayalakshmi Suvarna₹0.00 Cr p.a.
Independent Director
- Mirtunjay Singh₹0.00 Cr p.a.
Independent Director
Key Managerial Personnel (2)
- Gayatri Desai₹0.02 Cr p.a.
Company Secretary and Compliance Officer
Bachelor's in Commerce from Gujarat University; Associate of Institute of Company Secretaries of India
6 years in finance, compliance and secretarial
- Artiba Narpatsinh Jadeja₹0.03 Cr p.a.
Chief Financial Officer
Bachelor's in Commerce from Bhuj Commerce College; Master's in Commerce from Gujarat University; Member of Institute of Chartered Accountants of India
10 years in finance
Source: LCC Projects offer document (DRHP/RHP).
Industry & Market
Industry & market data not disclosed in this filing.Market-size/industry detail was not extracted from LCC Projects's filing.
Peer Comparison
| Company | P/E | EPS | RoNW % | NAV |
|---|---|---|---|---|
| LCC Projects Limited | — | 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 |
Material Litigation
| Type | Against | Matters | Amount (₹Cr) |
|---|---|---|---|
| Civil | Company | 2 | 4.198 |
| Tax | Company | 12 | 1.222 |
| Criminal | Directors | 1 | — |
| Tax | Directors | 1 | 0.002 |
Registrar (RTA)
SEBI-registered Registrar & Transfer Agent — handles allotment and refunds.
Registrar:KFin Technologies Limited→Lead Managers (BRLMs)
Click any merchant banker for their full IPO track record (positive listing rate, average gain, IPOs managed).
Documents
Frequently Asked Questions
When is the LCC Projects IPO opening?
The LCC Projects IPO opens on 09 Sep 2026 and closes on 11 Sep 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the LCC Projects IPO?
The price band for the LCC Projects IPO is ₹139 to ₹146. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the LCC Projects IPO?
The minimum lot size is 102 shares with a minimum investment of ₹14,892. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of LCC Projects IPO today?
Grey Market Premium data for LCC Projects is not available yet. It typically starts appearing a few days before the IPO opens.
When will the LCC Projects IPO list on NSE and BSE?
The LCC Projects IPO is expected to list on 17 Sep 2026 on BSE, NSE. Actual listing day trading begins at the start of the normal market session.
How can I check the LCC Projects IPO allotment status?
The registrar for this IPO is KFin Technologies Limited. You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the LCC Projects IPO a mainboard or SME issue?
LCC Projects is a mainboard IPO that will list on the main NSE and BSE boards. Mainboard IPOs are open to retail investors with a minimum application of one lot.
How do I apply for the LCC Projects IPO?
You can apply for the LCC Projects IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA. Use the Apply Now buttons on this page to go directly to the broker.
Should I subscribe to LCC Projects IPO?
Based on our algorithmic analysis, LCC Projects IPO is rated UNRATED with low confidence. Rating will be available once subscription and GMP data is collected. This is not investment advice — please read the DRHP and consult a financial advisor before investing.
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