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Home/IPO/LCC Projects IPO
Updated: 17-Sep 9:34
LCC Projects

LCC Projects IPO

ListedIPO

Listing at: BSE, NSE • Sector: Pending Review • ‘B’ Wing,15th Floor, Privilon Building,Vikram Nagar AmbliBopal Road,Behind ISKCON Temple,Ahmedabad, Gujarat, 380058

Allotment status Not declared yet

Disclaimer: GMP values change dynamically. This data is strictly for educational purposes only and not an investment advice.

Live GMP Today
₹36 (24.66%)
Rating:4/5
Est. Listing Price
₹182
Est. Gain: +24.7%
Est. Profit / Lot
₹3,672
Per Retail Application
Price Band
₹146
Face Value: ₹5
Min. Retail Inv.
₹14,892
Lot: 102 Shares
Total Subscription
49.57x
Anchor: Yes

LCC Projects IPO GMP History

Genuine daily snapshots retained by the WeeStox backend

Disclaimer: GMP values change dynamically. This data is strictly for educational purposes only and not an investment advice.

GMP dateIPO priceGMPPremiumEst. profit / lotSubscriptionMovement
20 Sept 2026₹146+₹3624.66%+₹3,67249.57x↓ Down
14 Sept 2026₹146+₹6343.15%+₹6,42649.57x↑ Up
10 Sept 2026₹146+₹5034.25%+₹5,1003.93x↑ Up
09 Sept 2026₹146+₹4027.40%+₹4,0801.35x↑ Up
07 Sept 2026₹146+₹25.517.47%+₹2,601-↑ Up
05 Sept 2026₹146+₹2517.12%+₹2,550-Flat

Explore the complete GMP movement

Open the chart and all available daily records.

LCC Projects IPO Details

IPO Date09 Sept 2026 to 11 Sept 2026
Listing AtBSE, NSE
Face Value₹5 per share
Price Band₹146
Lot Size102 Shares
Total Issue Size₹427.14 Cr(₹1,255.57 Cr)
Fresh Issue177.00L shares (₹258 Cr)
Offer for Sale (OFS)₹169.14 Cr (approx 2.74 Cr shares)
Issue TypeBook Built Issue IPO

LCC Projects IPO Timetable

IPO Open Date09 Sept 2026
IPO Close Date11 Sept 2026
Basis of Allotment15 Sept 2026
Initiation of Refunds15 Sept 2026
Credit of Shares to Demat15 Sept 2026
Listing Date17 Sept 2026
Cut-off time for UPI Mandate5 PM on 11 Sept 2026
Employee Discount₹20.00/share (Up to 52,083 shares)

LCC Projects IPO Reservation

CategoryReservationShares Offered
Anchor Shares Offered30.00%87,76,869
QIB Shares Offered20.00%58,51,247
HNI Shares Offered15.00%43,88,435
Retail Shares Offered35.00%1,02,39,681
Total Shares Offered100.00%2,92,56,232

LCC Projects Anchor Details

PDF
Anchor Bid Date07 Sept 2026
Anchor Shares Offered87,76,869 Shares
Total Anchor Portion₹128.14 Cr
Lock-in 50% End Date14 Oct 2026 (30 Days)
Lock-in Rem. 50% Date13 Dec 2026 (90 Days)

LCC Projects IPO Lot Size

ApplicationLotsSharesAmount (Cut-off)Reserved Applications
Retail1 Lot102 Shares₹14,8921,00,389
sHNI14 Lots1428 Shares₹2,08,4881,024
bHNI68 Lots6936 Shares₹10,12,6562,049

LCC Projects Promoter Holding

Pre-Issue HoldingDisclosed in RHP
Post-Issue HoldingTo be calculated

LCC Projects IPO Broker Consensus & Reviews

Institutional and brokerage house recommendations with verified review reports
Consensus:70% Positive (Apply)
Apply: 7 (70%)Neutral: 2 (20%)Not Rated: 1
Total: 10 Analysts
Broker / Research FirmRecommendationResearch Report
SMC Global NeutralView Review
Capital Market NeutralView Review
Arihant Capital Markets Ltd ApplyView Review
Mangal Keshav Financial Services LLP ApplyView Review
Anand Rathi Advisors Ltd. ApplyView Review
BP Equities (BP Wealth) ApplyView Review
Swastika Investmart Ltd ApplyView Review
Ventura Securities Limited ApplyView Review
GEPL Capital Ltd ApplyView Review
Bajaj Financial Securities Limited Not RatedView Review

LCC Projects IPO Live Subscription Status

Bidding demand breakdown by shares, institutional demand in ₹ Cr, applications & HNI funding cost
Overall Demand:49.57x
05:19 pm
Investor CategoryShares OfferedShares BiddedSubscription Times
QIBs58,51,24767,69,9441.16x
HNIs43,88,4352,41,46,2565.50x
↳ HNIs 10+29,25,6231,26,52,4884.32x
↳ HNIs 2+14,62,8121,14,93,7687.86x
Retail1,02,39,6815,02,99,4644.91x
Total2,04,79,3638,12,15,6643.97x

LCC Projects Limited Financial Information (Restated Consolidated in ₹ Crores)

Period EndedAssetsTotal IncomeProfit After TaxEBITDANet WorthTotal Borrowing
30 Mar 2026₹2447.54 Cr₹3639.45 Cr₹286.44 Cr₹519.90 Cr₹888.41 Cr₹860.65 Cr
30 Mar 2025₹1727.46 Cr₹2941.01 Cr₹223.63 Cr₹401.04 Cr₹604.99 Cr₹649.55 Cr
30 Mar 2024₹1129.99 Cr₹2449.79 Cr₹122.00 Cr₹241.37 Cr₹382.83 Cr₹422.30 Cr

LCC Projects Key Valuation & Financial KPIs

ROE32.24%
ROCE27.13%
Debt / Equity0.97x
P/E (Post IPO)14.76
EBITDA Margin14.44%
Market Cap₹4229.2 Cr

LCC Projects IPO Analysis

Review the company's key advantages and material business risks.

6 Strengths

Strengths & Positives

Competitive advantages and operational merits

  • Leading EPC Position: LCC is among the leading multidisciplinary EPC companies in India in the irrigation and water supply projects segment by market share. Its long operating experience and execution track record provide a strong foundation in the infrastructure sector.

  • Strong Order Book & Diversified Projects: The company had an order book of 68 projects as of September 30, 2024, providing significant project visibility. Its portfolio spans irrigation, water supply, metro rail, mining and other infrastructure projects.

  • In-House Technical Capabilities: LCC has in-house project designing capabilities supported by robust technical knowledge. This allows the company to handle diverse and technically complex EPC projects across multiple infrastructure segments.

  • Dependence on Government Projects: A significant portion of the company's business depends on projects awarded by state and central government departments, accounting for 88.81% of revenue in the six months ended September 30, 2024. Any reduction or delay in government project awards could adversely affect its operations and financial performance.

  • Dependence on Successful Bidding: The company's growth depends significantly on its ability to successfully bid for and secure new irrigation and water supply projects. Failure to acquire new projects could adversely affect its future business growth.

  • Project Cost Overruns: Actual project execution costs may differ significantly from the assumptions made while submitting bids. If the company is unable to recover incremental expenses, cost overruns could negatively impact its financial condition, results of operations and cash flows.

About LCC Projects Limited

LCC Projects IPO is a book build issue of ₹427.14 crores. The issue is a combination of fresh issue of 1.77 crore shares aggregating to ₹258.00 crores and offer for sale of 1.16 crore shares aggregating to ₹169.14 crores.LCC Projects IPO bidding opened for subscription on Sep 9, 2026 and will close on Sep 11, 2026. The allotment for the LCC Projects IPO is expected to be finalized on Sep 15, 2026. LCC Projects IPO will list on NSE and BSE with a tentative listing date fixed as Sep 17, 2026.LCC Projects IPO is set issue price band at ₹139 to ₹146 per share. The lot size for an application is 102 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,892 (102 shares) (based on upper price).Motilal Oswal Investment Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.Refer to LCC Projects IPO RHP for detailed Information.

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.

Shariah Compliance Screening (AAOIFI Standard 21)

Business ActivityRequires ReviewImpermissible Revenue ≤ 5%
Debt-to-Assets Ratio35.16%Threshold ≤ 33% of Assets
Purification GuidanceStandard 0.5%Donate interest dividend fraction
Auditor Notes: Sector information not available — cannot screen business activity

LCC Projects IPO Documents & Reports

Official prospectus, reports and regulatory filings
Document TitleAuthority / HostStatusAction
Red Herring Prospectus (RHP)
Complete offer document filed with ROC & SEBI
SEBI / ROCAvailable View RHP
Draft Red Herring Prospectus (DRHP)
Initial regulatory draft submitted for public comments
SEBI FilingsFiled View DRHP
Anchor Investor Allocation Report
Allotment list to institutional bidders
BSE / NSE CircularDisclosed Anchor PDF
IPO Allotment Status & Basis of Allotment
Registrar query portal via PAN / Application No.
Kfin TechnologiesLive Portal Check Allotment
Corporate Website & Investor Relations
Official portal and financial reports
Issuer PortalActive Visit Portal

LCC Projects IPO Registrar & Lead Managers

Registrar of the Issue
Kfin Technologies
040-79615565
Book Running Lead Managers (BRLM)
  • Motilal Oswal Investment Advisors Ltd.
Registered Office

‘B’ Wing,15th Floor, Privilon Building,Vikram Nagar AmbliBopal Road,Behind ISKCON Temple,Ahmedabad, Gujarat, 380058