LCC Projects IPO Upcoming
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About LCC Projects
LCC Projects Limited is an infrastructure company, primarily engaged in executing engineering, procurement and construction (EPC) projects in the water supply and irrigation sectors. The company was founded by Mr. Arjanbhai Dau and Mr. Arjanbhai Rabari and has since undertaken projects across multiple states, including Madhya Pradesh, Gujarat, Odisha and Rajasthan. With in-house design capabilities and an experienced technical team, the company handles the development of dams, barrages, lift irrigation systems, water pipelines and similar infrastructure. Headquartered in Gujarat, it has gradually expanded its geographic footprint and order book, focusing on public sector clients.
Financials of LCC Projects
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | [.] shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | ₹320 crores |
| Offer for sale | 2,29,40,000 shares of ₹5 (aggregating up to ₹[.] Cr) |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 14.9 (4.66%) |
| Repayment/pre-payment of outstanding borrowings | 220(68.75%) |
| General corporate purposes | (not above 25% of gross proceeds) |
Strengths
- Leading EPC company in irrigation and water supply sectors.
- Diversified project portfolio with a strong order book.
- In-house design expertise and strong technical capabilities.
- Robust risk management and project selection processes.
- Experienced team with proven industry track record.
Risks
- High dependence on government contracts increases revenue volatility risk.
- Geographic concentration exposes operations to regional disruption risks.
- Limited experience in expansion sectors impacts diversification success.
- Working capital intensity strains liquidity amidst project execution delays.
- Joint venture execution risks may affect project timelines and costs.