LCC Projects IPO
IPO Listing Details
- Listing Date
17 Sep 2026
- Listing Price
₹191.90
- Listing Change
31.44%
- Last Traded Price
₹149.14
LCC Projects IPO Details
-
Open Date
09 Sep 2026
-
Close Date
11 Sep 2026
- IPO Price Range
₹ 139 to ₹146
- IPO Size
₹ 427.14 Cr
LCC Projects IPO Timeline
LCC Projects IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 09-Sep-2026 | 1.14 | 1.77 | 1.30 | 1.35 |
| 10-Sep-2026 | 1.16 | 5.49 | 4.84 | 3.93 |
Last Updated: 11 September 2026 5:37 PM by 5paisa
LCC Projects Limited provides engineering, procurement and construction (EPC) services for irrigation and water supply projects. Its capabilities include dams, barrages, canals, hydraulic structures, pipe distribution networks, lift irrigation works and water supply schemes. As of 31 March 2026, its order book comprised 103 projects, including major multi-village and micro-irrigation schemes. The company has expanded its operational presence across 12 states in India.
Established in: 2017
Managing Director: Arjan Suja Rabari
Peers:
| Metric | LCC Projects Limited | Vishnu Prakash R Punglia Limited | Enviro Infra Engineers Limited |
|---|---|---|---|
| Face Value | 5 | 10 | 10 |
| Revenue from Operations | 3600.25 | 851.20 | 1145.60 |
| EPS (Basic) | 10.42 | -12.04 | 10.42 |
| EPS (Diluted) | 10.42 | -12.04 | 10.41 |
| P/E | - | NA | 19.14 |
| RoNW (%) | 32.24 | NA | 15.28 |
| NAV | 32.66 | 50.54 | 70.23 |
LCC Projects Objectives
1. Purchase of equipment
2. Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by Company
3. General corporate purposes
LCC Projects IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹427.14 Cr |
| Offer For Sale | ₹169.14 Cr |
| Fresh Issue | ₹258.00Cr |
LCC Projects IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 102 | 14,178 |
| Retail (Max) | 13 | 1,326 | 1,93,596 |
| S-HNI (Min) | 14 | 1,428 | 1,98,492 |
| S-HNI (Max) | 67 | 6,834 | 9,97,764 |
| B-HNI (Min) | 68 | 6,936 | 9,64,104 |
LCC Projects IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1.14 | 58,51,247 | 66,46,116 | 97.033 |
| Non-Institutional Buyers | 1.77 | 43,88,435 | 77,81,070 | 113.604 |
| bNII | 2.06 | 29,25,623 | 60,17,082 | 87.849 |
| sNII | 1.21 | 14,62,812 | 17,63,988 | 25.754 |
| Retail | 1.30 | 1,02,39,681 | 1,32,79,584 | 193.882 |
| Total** | 1.35 | 2,04,79,363 | 2,77,06,770 | 404.519 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 2438.91 | 2918.29 | 3600.25 |
| EBITDA | 241.37 | 401.04 | 519.90 |
| PAT | 121.10 | 223.63 | 286.44 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 1129.10 | 1727.46 | 2447.54 |
| Share Capital | 34.00 | 136.00 | 136.00 |
| Total Liabilities | 746.62 | 1120.68 | 1554.29 |
| Particulars (In ₹Crores.) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | 29.35 | 23.63 | 158.44 |
| Net Cash Generated From / (used in) Investing Activities | -129.49 | -195.15 | -106.84 |
| Net Cash Generated From / (used in) Financing Activities | 83.45 | 252.48 | 17.72 |
| Net Increase (Decrease) in Cash and Cash Equivalents | -16.69 | 80.95 | 69.32 |
Strengths
1. Strong order book comprising 103 ongoing projects.
2. Established expertise across irrigation and water projects.
3. Operational presence expanded across twelve Indian states.
4. Proven execution experience across complex EPC projects.
Weaknesses
1. High dependence on irrigation and water projects.
2. EPC activities contribute majority of operating revenue.
3. Business remains significantly dependent on government contracts.
4. Large projects require substantial working capital requirements.
Opportunities
1. Growing government focus on water infrastructure development.
2. Geographic expansion creates opportunities for new projects.
3. Strong order pipeline supports future revenue visibility.
4. Scope to undertake larger infrastructure EPC projects.
Threats
1. Intense competition from established infrastructure EPC players.
2. Project delays could adversely impact revenue recognition.
3. Raw material fluctuations may pressure project margins.
4. Policy changes could affect government project awards.
1. Strong order book comprising 103 ongoing projects
2. Established expertise in water infrastructure EPC projects
3. Diversified operational presence across twelve Indian states
4. Growing revenue and profitability across recent fiscals
LCC Projects operates in India’s irrigation and water supply infrastructure segment, undertaking complex EPC projects across multiple states. Its capabilities span dams, canals, hydraulic structures, lift irrigation and water supply networks. With an order book comprising 103 projects as of March 2026 and operations across 12 states, the company has established a diversified execution footprint. Continued infrastructure development and public investment in water-related projects may support future growth opportunities.
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FAQs
LCC Projects IPO opens from September 9 , 2026 to September 11, 2026.
The size of LCC Projects IPO is approximately ₹427.14 crore.
The price band of LCC Projects IPO is fixed at ₹139 to ₹146 per share.
To apply for LCC Projects IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the LCC Projects IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size is 102 shares, requiring an investment of approximately ₹ 14,178.
The share allotment date of LCC Projects IPO is September 15, 2026.
The LCC Projects IPO will likely be listed on September 17, 2026.
Motilal Oswal Investment Advisors Ltd is the book-running lead manager.
1. Purchase of equipment
2. Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by Company
3. General corporate purposes