Price Band Fixed at ₹94–₹99 per Share: Issue to Open from August 25 to 28, 2026
· As on June 30, 2026, our Company has 23 ongoing projects with an aggregate Order Book value of ₹ 10,050.55 million.
· Key Sectors Focus Includes Telecom infrastructure, Sewerage infrastructure, Gas pipeline and Railway signalling
Ahmedabad, August 20th 2026: Annu Projects Limited, a Engineering, Procurement, and Construction (EPC) sector company, today announced the price band of ₹94 – ₹99 per equity share for its forthcoming initial public offering (IPO). The issue will open for subscription on Tuesday, August 25, 2026 and will close on Friday, August 28, 2026.
The company intends to raise ₹1,750 million through this IPO and will be listed on BSE and NSE. Mefcom Capital Markets Ltd is the Book Running Lead Manager (BRLM) to the issue, while Kfin Technologies Ltd is the Registrar.
The IPO comprises a fresh issue of 17,683,000 equity shares of face value ₹10/- each through the book-building process. Of the total offering, 70,73,200 equity shares for Non-Institutional Investors (NII), 17,68,300 equity shares for Qualified Institutional Buyers (QIBs), and 88,41,500 equity shares for the Retail Individual Investors (RIIs) segment.
Annu Projects Limited intends to utilise ₹1,150 million of the IPO proceeds for funding working capital requirements, ₹150.08 million for capital expenditure requirements of our Company for purchase of machinery or equipment and while the remaining capital will be used for general corporate purposes.
Established in 2003, Annu Projects Limited are engaged in the design, development, implementation, operations and maintenance of essential overhead and underground utilities infrastructure across telecom infrastructure, sewerage infrastructure vertical, gas pipeline vertical and railway signalling vertical. The Company is one of the diversified companies in the EPC sector, involved in fields ranging from fiber optics to sewerage projects and also undertakes gas pipeline projects (Source: CARE Report).
The company employees 2,973 individuals, including 2,500 on a contractual basis, and has catered to over 23+ projects, including several marquee names in the industry.
As of June 30, 2026, the company’s aggregate order book stands at ₹ 10,050.55 million, reflecting a strong pipeline of ongoing and upcoming projects. The revenue breakup for the fiscal 2026, includes Telecom infrastructure (41.50%), Sewerage infrastructure (52.67%), Gas pipeline (4.03%) and several other project segments (1.80%) – highlighting the company’s diversified portfolio across segment.
For the fiscal 2026, Annu Projects Limited posted a revenue from operations of ₹2,412.48 million and a profit after tax (PAT) of ₹330.27 million with 13.69% PAT Margin. For the fiscal 2025, the company recorded a revenue of ₹1,800.66 million and a PAT of ₹211.04 million with 11.72% PAT Margin.
For more information, please visit: https://annuprojects.com/
