IPO profile
LCC Projects Limited
LCCPROJECT · NSE
- Price band
- ₹139 - ₹146
- Subscription
- Not available
Application & Issue Details
- Minimum Quantity
- 102 shares
- Minimum Application
- ₹14,892
- Issue Size
- Rs. 427 Cr
- Face Value
- Not available
- Issue Price
- ₹146
Company Overview
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 and Madhya Pradesh. It also recently established a manufacturing unit for precast concrete solutions.
Important Dates
- Open Date
- 9 Sept 2026
- Close Date
- 11 Sept 2026
- Allotment Date
- Not available
- Listing Date
- 17 Sept 2026
Issue Timeline
- Issue open date
- Issue close date
- UPI mandate deadline
- Allotment finalization
- Refund initiation
- Share credit
- Listing date
- Mandate end date
- Lock-in end date for anchor investors (50%)
- Lock-in end date for anchor investors (remaining)
Subscription
Subscription data not available yet.
Actual Listing Performance
- Listing Date
- 17 Sept 2026
- Actual Listing Price
- ₹189
- Gain/Loss Per Share
- +₹43
- Gain/Loss Per Lot
- +₹4,386
- Listing Gain/Loss %
- +29.45%
- Measured Against
- ₹146
- Lot Size
- 102 shares
Historical result from the reported listing price, compared with the issue price. Excludes brokerage, taxes and charges.
Company Strengths & Risks
Reported 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.
Key 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.
Company strengths and risks are informational summaries. Review the offer document for complete disclosures.
Documents & Coverage
IPO data last updated 25 Oct 2026, 12:08 pm IST · listing price: NSE/BSE
This page is for informational and educational purposes only. It is not investment advice and not a recommendation to buy, sell, or apply for this IPO. GMP and subscription figures are unofficial/may change. Please make your own independent decision.