LCC Projects Limited IPO
LCC Projects Limited IPO closed on 11 Sept 2026. Allotment 15 Sept 2026, listing 17 Sept 2026. Price band ₹139–₹146, lot 102 shares, GMP +₹36 (24.66%). Track allotment on Allotly.
| Status | Closed |
|---|---|
| Category | Mainboard · NSE |
| Price band | ₹139–₹146 |
| Lot size | 102 shares |
| Minimum investment | ₹14,892 |
| Issue size | ₹427.14 Cr |
| GMP | +₹36 (24.66%) |
| Open date | 9 Sept 2026 |
| Close date | 11 Sept 2026 |
| Allotment date | 15 Sept 2026 |
| Listing date | 17 Sept 2026 |
| Registrar | KARVY |
About LCC Projects Limited
LCC Projects is an infrastructure company operating primarily in the irrigation and water supply sector. The company executes a wide range of projects, including the construction of dams, barrages, weirs, hydraulic structures, canals, pipe distribution networks, lift irrigation works, and water supply schemes. It generates the majority of its revenue from state and central government departments through engineering, procurement, and construction contracts awarded via competitive bidding. While irrigation and water supply projects account for the vast majority of its business, the company is diversifying into other infrastructure sectors. Its current operations include ongoing projects in metro railway construction, mining, road work, and renewable energy. The company operates across multiple states in India, with a significant geographic concentration of its ongoing projects in Gujarat…
Strengths
- Proven track record in successfully executing complex irrigation and water supply infrastructure projects.
- A robust order book ensures strong future revenue visibility and growth.
- Geographically diversified operational presence spanning across 12 different Indian states.
- Consistent financial growth demonstrated by a strong revenue CAGR of 21.50% (FY24–FY26).
- Extensive in-house fleet of construction equipment and newly added precast concrete manufacturing capabilities.
Risks
- Top 10 clients generate 72.30% of our total operating revenue.
- High reliance on government contracts exposes us to policy shifts.
- Higher financial leverage and debt compared to listed industry peers.
- High geographic revenue concentration in Gujarat and Madhya Pradesh.
- High unbilled revenue levels could negatively impact our cash flows.