LCC Projects IPO

This issue combines a fresh issue and an offer for sale. The amounts for each part are not available in our data; see the offer document for the split.

Lot size and investment

Reservation

QIB

Not more than 50% of the Net Offer

Retail

Not less than 35% of the Net Offer

NII

Not less than 15% of the Net Offer

Current GMP

₹36

▲+24.66%

Estimated listing price

₹182

Issue price ₹146

Highest

₹78

11 Sep

Lowest

₹17

4 Sep

GMP by day (₹ per share)

GMP is an unofficial indicator from an unregulated market. It is shown for information only and is not a prediction of the listing price or a recommendation to apply.

P/E Ratio

14.76

EPS (₹)

9.89

RoE

32.24%

RoCE

27.13%

RoNW

32.24%

PAT Margin

7.96%

EBITDA Margin

14.44%

Debt / Equity

0.97

NAV (₹)

32.66

Separate pre- and post-issue P/E are not available for this IPO; the P/E shown is as disclosed for the issue.

Peers are other recent IPOs from the same industry, closest in issue size. Ratios are as disclosed at the time of each issue. This is not the listed-peer table from the offer document.

LCC Projects Limited was started in 2017. It is an engineering, procurement and construction company, usually called an EPC company, working in irrigation and water supply. Its work covers building dams, barrages, weirs and other hydraulic structures, along with canals, pipe distribution networks, lift irrigation works and water supply schemes. In simple terms, it builds the infrastructure that carries water from a source to farms and to households. As on 31 March 2026 its order book had 103 projects. Its three largest were the Sondwa Lift Micro Irrigation Project, the Sidhi Bansagar Multi-Village Scheme and the Gandhi Sagar 1 Multi-Village Scheme. In the past it has built the Tawa Left Bank Canal, the Parbati Dam Project, the Dudhai Sub Branch Canal Project and the AKOT Lift Irrigation Scheme. By 31 March 2026 it had grown from eight states to twelve, working in Gujarat, Madhya Pradesh, Odisha, Rajasthan, Maharashtra, Uttar Pradesh, Karnataka, Jharkhand, Chhattisgarh, Andhra Pradesh, Himachal Pradesh and Haryana. As on that date it had 2,093 permanent employees.

Objects of the issue

1. Purchase of equipment₹14.69 Cr
2. Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by Company₹180 Cr
3. General corporate purposes

Promoters and shareholding

Arjan Suja Rabari, Laljibhai Arjanbhai Ahir and Maya Arjan Rabari

Promoter holding, pre-issue

100%

Promoter holding, post-issue

89.9%