Srinibas Pradhan Constructions Limited's initial public offering (IPO) closed its three-day subscription window on a moderate note, reaching 1.13 times overall subscription by 5:54 PM on Day 3 (March 10, 2026). The ₹20.32 crore book-build issue received bids for 22,29,600 shares against 19,69,200 shares on offer, with total applications reaching 309.

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Subscription Status of Srinibas Pradhan Constructions IPO

Here are the subscription details for Srinibas Pradhan Constructions IPO as of Day 3:

Key Highlights – Day 3

• Overall subscription reached 1.13 times, improving from Day 2's 1.01 times to close above full subscription.
• Non-institutional investors led at 1.57 times, with bNII at 2.22 times against sNII's subdued 0.27 times.
• Qualified institutional buyers (ex-anchor) held steady at 1.13 times, unchanged from Day 2.
  Individual investors improved to 0.69 times from Day 2's 0.47 times.
• Total applications reached 309 on Day 3.

Key Highlights - Day 2

• Overall subscription crossed full subscription at 1.01 times, a sharp improvement from Day 1's 0.09 times
• Qualified institutional buyers (ex-anchor) crossed full subscription at 1.13 times, compared to nil participation on Day 1.
• Non-institutional investors crossed full subscription at 1.54 times, with bNII at 2.22 times and sNII at 0.19 times.
• Individual investors improved to 0.47 times from Day 1's 0.14 times.

Key Highlights – Day 1

• Overall subscription reached 0.09 times, reflecting subdued initial investor interest in this infrastructure SME IPO.
• Individual investors showed the highest opening participation at 0.14 times on Day 1.
• Non-institutional investors recorded negligible interest at 0.03 times, with bNII at 0.02 times and sNII at 0.04 times.
• Qualified institutional buyers (ex-anchor) showed no participation on Day 1.

About Srinibas Pradhan Constructions Limited

Incorporated in 2020, Srinibas Pradhan Constructions Limited specialises in infrastructure development across roads, highways, bridges, electricity infrastructure, and mining infrastructure in Odisha. The company participates in competitive bidding for projects from state government departments, central and state public sector undertakings, and private corporate clients. As of February 15, 2026, it held a consolidated order book of ₹18,406.95 lakhs. It operates two manufacturing units and had reported a profit after tax of ₹6.59 crore for FY2025.