The ₹175.06 crore Annu Projects IPO enters its final bidding day with a rising GMP of 7%. Explore subscription details and financial health before you bid.

  • Annu Projects IPO GMP has climbed to approximately 7%.
  • The issue is a 100% fresh issue of 1.77 crore shares.
  • Total subscription reached 88% by the end of Day 3.

The Annu Projects Limited IPO, valued at ₹175.06 crore, has entered its final day of bidding on August 28. Market participants are closely monitoring the Grey Market Premium (GMP), which has shown an upward trajectory, moving from an earlier 4% to the current 7%. This uptick suggests a cautiously optimistic sentiment regarding its market debut.

Subscription Breakdown

As of the conclusion of Day 3, the IPO witnessed healthy demand across all categories. The total subscription stood at 88%, reflecting significant investor interest. The breakdown is as follows:

Read Also:Alibaba Group Set to Divest Lingxi Games in Deal Exceeding $2 Billion
  • Retail Individual Investors (RII): 81% subscribed.
  • Non-Institutional Investors (NII): 90% subscribed.
  • Qualified Institutional Buyers (QIB): 1.16 times subscribed.

The issue is priced in the band of ₹94–₹99 per share. For retail investors, a minimum investment of ₹14,949 is required for one lot consisting of 151 shares.

Why This Matters

BozokMedia analysis shows that Annu Projects is positioning itself strongly within the EPC (Engineering, Procurement, and Construction) sector. Unlike many IPOs that include an Offer for Sale (OFS), this is a fresh issue, meaning the entire capital raised will be infused directly into the company's growth, specifically for working capital and capital expenditure.

AnandRathi research suggests a 'Subscribe - Long Term' rating, noting the company's valuation is fairly priced at the upper band.

Financial Trajectory and Business Model

Annu Projects operates across critical utility sectors, including telecom, sewerage, and gas pipelines. Their financial health appears robust, with a significant jump in profitability. The company reported a 34% YoY increase in total income and a massive 56% surge in Profit After Tax (PAT) for FY26.

MetricFY25FY26
Total Income₹182.35 Cr₹244.59 Cr
Profit After Tax (PAT)₹21.10 Cr₹33.03 Cr
Income Growth-34%
PAT Growth-56%
Did You Know?: As of mid-2026, Annu Projects manages an impressive order book of ongoing projects worth over ₹1,959 million.

Frequently Asked Questions

1. When will the shares be allotted?
The share allotment process is expected to be finalized by August 31, with listing scheduled for September 2.

2. What is the purpose of the IPO funds?
The proceeds will primarily be used for working capital (₹115 crore) and capital expenditure for machinery (₹15.41 crore).