Minimum Investment
About Company
Company Name: LCC Projects Limited
Industry / Sector: Civil Construction / EPC - Irrigation & Water Supply
Founded Year: 2017
Promoters: Arjan Suja Rabari, Laljibhai Arjanbhai Ahir, Maya Arjan Rabari
LCC Projects Limited offers engineering, procurement and construction (“EPC”) services in the irrigation and water supply projects segment. The company has executed projects such as the construction of dams, barrages, weirs, hydraulic structures, canals, pipe distribution networks, lift irrigation works, water supply schemes, and other EPC projects. As of March 31, 2026, the company's Order Book comprises 103 projects, of which Sondwa Lift Micro Irrigation Project, Sidhi Bansagar Multi – Village Scheme, and Gandhi Sagar 1 Multi-Village Scheme are the top three projects. The company expanded its operations from eight states in Fiscal 2026 to 12 states by March 31, 2026, namely, Gujarat, Madhya Pradesh, Odisha, Rajasthan, Maharashtra, Uttar Pradesh, Karnataka, Jharkhand, Chhattisgarh, Andhra Pradesh, Himachal Pradesh, and Haryana. As of March 31, 2026, the company had 2,093 permanent employees.
IPO Basic Details
| Company Name | LCC Projects Limited |
| IPO Type | Mainboard IPO |
| Price Band | ₹139 – ₹146 |
| Lot Size | 102 Shares |
| Total Issue Size | 2,92,56,232 Equity Shares (₹427.14 Cr) |
IPO Strengths & Risks
Strengths
- Strong order book of 103 projects as of March 31, 2026
- Expanded operations from 8 to 12 states in Fiscal 2026
- Experienced promoters with deep sectoral knowledge
- Established presence in the irrigation and water supply EPC segment
Risks
- High dependence on government and public sector projects
- Project execution and cost overrun risks
- Geographical concentration risk
- Working capital intensive business model
- Competitive bidding environment in EPC sector
IPO Important Dates
| IPO Open Date | 09 Sep 2026 |
| IPO Close Date | 11 Sep 2026 |
| Basis of Allotment | 15 Sep 2026 |
| Refund Initiation | Not specified in the source |
| Demat Credit Date | 16 Sep 2026 |
| Listing Date | 17 Sep 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – Balance Amount
Investor Reservation
| QIB Quota | Not more than 50% of the Net Offer |
| Retail Quota | Not less than 35% of the Net Offer |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 102 | ₹14,892 |
| Retail Maximum | 13 Lots | 1,326 | ₹1,93,596 |
| S-HNI Minimum | 14 Lots | 1,428 | ₹2,08,488 |
| S-HNI Maximum | 67 Lots | 6,834 | ₹9,97,764 |
| B-HNI Minimum | 68 Lots | 6,936 | ₹10,12,656 |
Key Performance Indicators (KPI)
| ROE | 32.24% (FY26), 36.96% (FY25) |
| ROCE | 27.13% (FY26), 27.64% (FY25) |
| RoNW | - |
| PAT Margin | 7.96% (FY26), 7.66% (FY25) |
| EBITDA Margin | 14.44% (FY26), 13.74% (FY25) |
| EPS | ₹10.53 (Pre-IPO), ₹9.89 (Post-IPO) |
| NAV per share | - |
| Debt to Equity | 0.97 (FY26), 1.23 (FY25) |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| FY2026 | ₹2,447.54 Cr | ₹3,639.45 Cr | ₹286.44 Cr | ₹519.90 Cr | ₹888.41 Cr | ₹860.65 Cr |
| FY2025 | ₹1,727.46 Cr | ₹2,941.01 Cr | ₹223.63 Cr | ₹401.04 Cr | ₹604.99 Cr | ₹649.55 Cr |
| FY2024 | ₹1,129.99 Cr | ₹2,449.79 Cr | ₹122.00 Cr | ₹241.37 Cr | ₹382.83 Cr | ₹422.30 Cr |
Grey Market Premium
| GMP Price | Not Available |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | Not Available |
| Estimated Listing Price | TBA |
IPO Subscription Data
| Total Subscription | Pending |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: Kfin Technologies Ltd.
Registrar Website: https://ipostatus.kfintech.com/
IPO Lead Manager(s)
Company Information
Address: ‘B’ Wing, 15th Floor, Privilon Building, Vikram Nagar AmbliBopal Road, Behind ISKCON Temple, Ahmedabad, Gujarat - 380058
Website: https://www.lccprojects.com/
Email: cs@lccprojects.com
Phone: +91 79 4848 4453
IPO Documents
Frequently Asked Questions (FAQ)
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