LCC Projects IPO Details
LCC Projects IPO Summary
LCC Projects IPO opens for subscription on 09 Sep 2026 and closes on 11 Sep 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 17 Sep 2026.
LCC Projects IPO price band has been fixed at ₹139 – ₹146 per share. The face value is ₹5 per share with a lot size of 102.
LCC Projects IPO total issue size comprises 2,92,56,232 shares (aggregating up to ₹427.14 Cr). This includes a fresh issue of 1,76,71,232 shares (aggregating up to ₹258.00 Cr). Offer for Sale consists of 1,15,85,000 shares (aggregating up to ₹169.14 Cr). Pre-issue shareholding stands at 27,20,00,000, which will increase to 28,96,71,232 post-issue.
LCC Projects IPO carries a ₹36 (24.66%) GMP, reflecting investor sentiment.
LCC Projects IPO Lot Size :Retail Minimum is 1 lot (102 shares) amounting to ₹14,892. Retail Maximum is 13 lots (1,326 shares) amounting to ₹1,93,596. SHNI Minimum is 14 lots (1,428 shares) amounting to ₹2,08,488. SHNI Maximum is 67 lots (6,834 shares) amounting to ₹9,97,764. BHNI Minimum is 68 lots (6,936 shares) amounting to ₹10,12,656.
LCC Projects IPO Details
LCC Projects IPO Subscription
LCC Projects IPO Application Wise Breakup (Approx)
LCC Projects IPO Dates
- 09 Sep 2026Opening dateOpen
- 11 Sep 2026Closing dateClose
- 15 Sep 2026Allotment Date Allotment
- 16 Sep 2026Initiation of RefundsRefund
- 16 Sep 2026Credit of SharesCredit
- 17 Sep 2026Listing dateListing
LCC Projects IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 102 | ₹14,892 |
| Retail Maximum | 13 | 1326 | ₹1,93,596 |
| SHNI Minimum | 14 | 1428 | ₹2,08,488 |
| SHNI Maximum | 67 | 6834 | ₹9,97,764 |
| BHNI Minimum | 68 | 6936 | ₹10,12,656 |
LCC Projects IPO Reservation
Promoter Holding
Documents
LCC Projects IPO Valuations
LCC Projects Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 2,447.54 | 1,727.46 | 1,129.99 |
| Total Income | 3,639.45 | 2,941.01 | 2,449.79 |
| Profit After Tax | 286.44 | 223.63 | 122.00 |
| EBITDA | 519.90 | 401.04 | 241.37 |
| NET Worth | 888.41 | 604.99 | 382.83 |
| Reserves and Surplus | 752.41 | 468.99 | 348.83 |
| Total Borrowing | 860.65 | 649.55 | 422.30 |
| Amount in ₹ Crore | |||
About LCC Projects IPO
Incorporated in 2017, LCC Projects Limited offers engineering, procurement and construction (“EPC”) services in the irrigation and water supply projects segment. The company has executed projects in the irrigation and water supply segment, such as the construction of dams, barrages, weirs, hydraulic structures, canals, pipe distribution networks, lift irrigation works, water supply schemes, and other EPC projects.
As of March 31, 2026, the company's Order Book comprises 103 projects, of which Sondwa Lift Micro Irrigation Project, Sidhi Bansagar Multi – Village Scheme, and Gandhi Sagar 1 Multi-Village Scheme are the top three projects.
In the past, LCC have also executed notable projects, such as the construction of Tawa Left Bank Canthe al, Parbati Dam Projthe ect, Dudhai Sub Branch Canal Projectthe and AKOT Lift Irrigation Scheme.
The company expanded its operations from eight states in Fiscal 2026 to 12 states by March 31, 2026, namely, Gujarat, Madhya Pradesh, Odisha, Rajasthan, Maharashtra, Uttar Pradesh, Karnataka, Jharkhand, Chhattisgarh, Andhra Pradesh, Himachal Pradesh, and Haryana.
As of March 31, 2026, the company had 2,093 permanent employees.
Strength Of LCC Projects IPO
- Multidisciplinary EPC company in India for irrigation and water supply projects.
- Strong Order Book and diversified project portfolio.
- In-house project designing capabilities with robust technical knowledge.
- Strong risk management, project selection and dispute resolution processes.
- Efficient business model.
- Experienced management team and qualified personnel with significant industry experience.
Risk Of LCC Projects IPO
- Our inability to collect receivables outstanding and due to be paid by our customers, in a timely manner, or at all, may adversely affect our business, financial condition, results of operations and cash flows.
- We have certain contingent liabilities which have been disclosed in our Restated Consolidated Financial Information, which if they materialize, may adversely affect our results of operations, cash flows and financial condition.
- Our business operations are being conducted on premises leased from third parties. Our inability to continue operating from such premises, or to seek renewal or extension of such leases may have an adverse effect on our business, operations and financial condition.
- Our Company has a significantly higher level of indebtedness and leverage compared to our listed industry peers, which could increase our financial risk and adversely affect our operational flexibility and competitive position.
- Revenue from our top ten customers comprise a significant portion of our revenue from operations i.e. 72.30% for Fiscal 2026, 84.10% for the Fiscal 2025, and 82.76% for the Fiscal 2024. Any failure to maintain our relationship with these customers, any adverse changes affecting their financial condition or the loss of any of our customers will have an adverse effect on our business, results of operations, financial condition and cash flows.
- There are outstanding legal proceedings involving our Company, Subsidiaries, Promoters and Directors. Any adverse decision in such proceedings may adversely affect our business, financial condition and results of operations.
- We are an infrastructure company operating primarily in the irrigation and water supply projects segment and our business significantly (79.07% for the Fiscal 2026, 85.19% for the Fiscal 2025, and 87.72% for the Fiscal 2024) depends on projects awarded by state and central government departments, which may impact our results of operations and financial conditions.
- Our operations are geographically concentrated in the states of Gujarat and Madhya Pradesh. Any localized social unrest, natural calamities, etc., could have material adverse effect on business and financial operations.
- Our employee attrition rate for Fiscal 2026 was 23.94%. If we are unable to manage attrition and attract and retain skilled professionals, it may adversely affect our business prospects, reputation and future financial performance.
- Our Company is subject to anti-bribery, anti-corruption and sanctions laws and regulations any violation of which could adversely affect our reputation, business, financial condition, results of operations.
Objectives LCC Projects IPO
- Purchase of equipment.
- Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company.
- General corporate purposes.
Company Contact Details
LCC Projects Ltd.
‘B’ Wing,15th Floor, Privilon Building,
Vikram Nagar AmbliBopal Road,
Behind ISKCON Temple,
Ahmedabad, Gujarat, 380058
Phone: +91 79 4848 4453
Email: cs@lccprojects.com
Website: https://www.lccprojects.com/
Registrar Contact Details
LCC Projects FAQs
The LCC Projects IPO is a MAINBOARD public issue comprising 29256232 equity shares with a face value of ₹5 each, aggregating to a total issue size of ₹427.14 Cr. The issue price has been fixed at ₹146 per equity share, and the minimum application size is 102 shares.
The IPO opens for subscription on 09 Sep 2026, and closes on 11 Sep 2026.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹36 (24.66%).
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