How to Check Annu Projects IPO Allotment Status

Annu Projects Limited is an engineering, procurement and construction (EPC) company engaged in developing, implementing, operating and maintaining underground and overhead utility infrastructure. Its operations span four key verticals: telecom infrastructure, sewerage infrastructure, gas pipelines and railway signalling.  

The company's telecom operations include surveying, designing, laying and maintaining optical fibre cable networks and related infrastructure. Its sewerage business covers pipeline laying, manholes, sewage treatment plants and pumping stations, while its gas pipeline business includes laying MDPE pipelines and providing domestic and commercial gas connections.  

As of June 30, 2026, Annu Projects had an outstanding order book of approximately ₹1,005.05 crore across 23 ongoing projects. Telecom infrastructure accounted for about 82.91% of this order book, followed by sewerage infrastructure at 14.96%.  

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Annu Projects IPO is a ₹175.06 crore book-built mainboard issue, comprising entirely a fresh issue of 1.77 crore equity shares. There is no offer-for-sale component, meaning the proceeds from the issue will accrue to the company.  

The IPO opened for subscription on August 25, 2026 and closed on August 28, 2026. The basis of allotment is scheduled for August 31, 2026, while the shares are tentatively scheduled to list on BSE and NSE on September 2, 2026.  

The IPO price band was fixed at ₹94 to ₹99 per share, with a lot size of 151 shares. At the upper end of the price band, the minimum retail investment for one lot works out to ₹14,949. KFin Technologies Limited is the registrar to the issue.  

Registrar:  KFin Technologies Limited

BSE: BSE IPO Allotment Status Page

NSE: NSE IPO Allotment Status Page 

Augmont Enterprises IPO Subscription Status 

Annu Projects IPO was subscribed 2.93 times on August 28, 2026, based on final subscription data. The IPO remained below full subscription through Day 3 before witnessing stronger bidding on the fourth and final day.  

Annu Projects IPO Share Price and Investment Details 

Annu Projects IPO price band was fixed at ₹94 to ₹99 per share, with a lot size of 151 shares. At the upper price of ₹99, the minimum retail investment for one lot is ₹14,949.  

The IPO has a total issue size of ₹175.06 crore and consists entirely of a fresh issue. There is no offer for sale, so the funds raised, after issue-related expenses, are intended for the company's stated objects.  

The final subscription profile was led by NIIs at 3.55 times, followed by Retail Investors at 2.68 times and QIBs at 1.72 times, taking the overall subscription to 2.93 times.  

The basis of allotment is scheduled for August 31, 2026, followed by the proposed September 2 listing on BSE and NSE.  

Utilisation of IPO Proceeds 

Annu Projects proposes to utilise ₹115 crore from the net proceeds towards funding its working capital requirements. This represents the largest specified use of funds from the IPO.  

Another approximately ₹15.41 crore is proposed to be deployed towards capital expenditure for purchasing machinery and equipment required for the company's project execution activities.  

The balance of the net proceeds will be utilised towards general corporate purposes, subject to applicable regulations.  

Since the entire ₹175.06 crore IPO is a fresh issue, there is no OFS component and therefore no portion of the offer proceeds will be paid to selling shareholders.  

Business Overview 

Annu Projects operates in India's infrastructure EPC sector, with capabilities across telecom networks, sewerage infrastructure, gas pipelines and railway signalling. Its project portfolio provides exposure to several areas linked to India's infrastructure and connectivity expansion.  

The company has completed 362 projects over approximately 21 years, with a combined contract value of around ₹1,279 crore. Its customers include organisations such as Bharat Sanchar Nigam Limited, Bharat Broadband Network Limited, G R Infraprojects, Indraprastha Gas, Gujarat Gas and GAIL India.  

As of June 30, 2026, the company had 23 ongoing projects with an outstanding order book of ₹1,005.05 crore. This included four telecom projects, 14 sewerage projects, four gas pipeline projects and one railway signalling project.  

The company also owned a fleet of more than 558 machines and equipment as of June 30, 2026, including horizontal directional drilling machines, excavators, splicing machines, OTDR machines and HDPE pipe-welding equipment. This reduces its dependence on third-party equipment suppliers for certain project requirements.  

Annu Projects reported total income of ₹244.59 crore in FY26, compared with ₹182.35 crore in FY25 and ₹155.42 crore in FY24. Profit after tax increased to ₹33.03 crore in FY26, from ₹21.10 crore in FY25 and ₹17.39 crore in FY24.  

Key strengths include its diversified EPC portfolio, integrated project execution capabilities, sizeable order book, owned equipment base, established customer relationships and experience across multiple utility infrastructure segments.  

Investors should also consider risks associated with project concentration, dependence on large infrastructure contracts, delays in project execution and payments, substantial working-capital requirements, dependence on government and infrastructure spending, competitive bidding pressure and the company's ability to convert its large order book into revenue and cash flows on schedule. The company also reported negative operating cash flow in FY25 and marginally negative operating cash flow in FY26, highlighting working-capital intensity.