Annu Projects IPO
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Annu Projects IPO details
Schedule of Annu Projects
| Issue open date | 25 Aug 2026 |
| Issue close date | 28 Aug 2026 |
| UPI mandate deadline | 28 Aug 2026 (5 PM) |
| Allotment finalization | 31 Aug 2026 |
| Refund initiation | 01 Sep 2026 |
| Share credit | 01 Sep 2026 |
| Listing date | 02 Sep 2026 |
| Mandate end date | 12 Sep 2026 |
| Lock-in end date for anchor investors (50%) | 29 Sep 2026 |
| Lock-in end date for anchor investors (remaining) | 28 Nov 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Annu Projects
Annu Projects is an infrastructure construction company primarily engaged in providing civil contracting services. The company’s core business activities are focused on two main sectors: telecommunication infrastructure and sewerage infrastructure, from which it derives the majority of its revenue. Its services encompass the design, development, implementation, operation, and maintenance of various projects. These projects include laying optical fibre cables for telecom networks, as well as the construction and management of sewerage pipelines and treatment plants. In addition to its main verticals, the company undertakes projects in the gas pipeline sector and has recently expanded into the railway signalling vertical. The company’s revenue is primarily generated from rendering civil contracting services, with a smaller portion earned through the sale of traded goods.
Financials of Annu Projects
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 175.06 |
| Fresh Issue – Proceeds go to the company | 175.06 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Purchase of machinery or equipment | 15.41 (8.80%) |
| Working Capital Requirement of the Company | 115 (65.69%) |
| General corporate purposes | 44.65 (25.51%) |
Strengths
- Established player in telecom and sewerage infrastructure sectors.
- Proven track record of executing large-scale projects.
- Long-standing relationships with major clients like BSNL and G R Infraprojects.
- Expanding into new verticals, including gas pipelines and railway signaling.
- Key partner in national initiatives like BharatNet and Digital India.
Risks
- Over 90% of revenue is dependent on the telecom and sewerage sectors.
- Business is heavily reliant on a limited number of major customers.
- Operations are concentrated in a few geographical regions.
- Subject to strict government regulations and policy changes.
- High working capital requirements may impact liquidity.