Annu Projects IPO Opens Today: Check GMP, Subscription Status, Allotment and Listing Date

Annu Projects IPO opened for subscription on August 25, 2026, allowing investors to participate in the first public offering of the engineering, procurement and construction (EPC) company. The IPO is an issue itself and doesn’t include any offer-for-sale component.

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The company has set an IPO price band of ₹94 to ₹99 per share and is going to raise about ₹175.06 crore at the high end of the price band. The money will be invested in capital expenditure, working capital, and general corporate purposes.

Annu Projects operates in infrastructure with a focus on overhead and underground utilities in telecom infrastructure, sewerage projects and gas pipelines.

Annu Projects IPO GMP Today

The latest grey market premium (GMP) for the Annu Projects IPO stands at ₹0 based on the information provided.

With the upper end of the IPO price band set at ₹99 per share, the estimated listing price based on the current GMP is around ₹99. This points to a flat listing if the GMP remains unchanged until the issue closes.

However, investors need to keep in mind that GMP is an unofficial and unregulated market indicator. It is based on market sentiment and speculation and can change before the actual listing. The GMP, therefore, is not a guarantee of the listing price of the stock or its future performance.

Annu Projects IPO Subscription Dates

The Annu Projects IPO opened for bidding on August 25, 2026, and the subscription window will remain open until August 28, 2026.

Investors of various categories, including Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors, can participate according to the allocation structure specified in the IPO documents.

Subscription numbers are expected to be fixed in the first 4 days of bidding once investors put their bids in.

Annu Projects IPO Allotment and Listing Date

The share allotment process is expected to be completed on August 31, 2026.

Investors who receive shares will have equity shares credited to their demat accounts before the listing.

Annu Projects shares will be listed on both the NSE and BSE on September 2, 2026.

The listing performance will ultimately depend on market conditions, investor demand, the broader IPO environment and sentiment towards infrastructure and EPC companies.

Annu Projects IPO Key Details

The IPO also includes a fresh issue of 1.77 crore equity shares, amounting to ₹175.06 crore at the upper end of the price band.

At the upper price band of ₹99, retail investors will need to invest ₹14,949 for one lot of 151 shares.

Annu Projects Financial Performance

Annu Projects reported very strong financial growth in FY26.

The company's total income was up to ₹244.59 crore in FY26 compared to ₹182.35 crore in FY25. This is a 34% growth year-on-year.

Profitability also improved significantly. The profit after tax (PAT) of the company rose to ₹33.03 crore from ₹21.10 crore for the period, marking an increase of approximately 56%.

EBITDA increased to ₹50.19 crore in FY26 from ₹32.19 crore in the previous financial year.

The revenue and profitability improvement could be key for investors viewing the IPO, although past financial performance is not guaranteed for longer-term returns.

How will Annu Projects use IPO funds?

Since the issue consists entirely of fresh shares, the proceeds will be given to the company after accounting for the issue expenses.

Annu Projects will spend approximately ₹15.41 crore for capital expenditure requirements, including purchasing machinery and equipment.

A large portion, around ₹115 crore, is to be spent to meet the company’s working capital requirements.

The remaining funds will be used for general corporate purposes.

The allocation indicates that working capital will account for the largest portion of IPO proceeds, reflecting the funding requirements associated with the company's infrastructure and EPC operations.

What Does Annu Projects Do?

Annu Projects is an engineering, procurement and construction company involved in essential utilities infrastructure.

Its activities cover the design, development, implementation, operation and maintenance of overhead and underground infrastructure.

The company has exposure to several infrastructure segments, including telecom, sewerage and gas pipeline projects.

Demand for utility infrastructure can be influenced by urbanisation, connectivity expansion, public infrastructure spending and investments in energy and telecommunications networks.

Why should investors be tracking Annu Projects IPO?

The IPO combines a growing financial position with exposure to infrastructure and utility projects. Revenue and profit growth reported for FY26 could attract the interest of investors, while the fresh issue provides the company with funds for capacity expansion and working capital.

At the same time, investors should consider project execution, working capital requirements, competition, order-book visibility, customer concentration and broader infrastructure spending before making an investment decision.

The current GMP of ₹0 indicates that the unofficial grey market is not currently indicating a premium over the upper IPO price band. However, GMP can change during the subscription period.

Investors should therefore focus on the company's fundamentals and IPO documents rather than relying solely on grey market trends.

Disclaimer: IPO investments are subject to market risks. Investors should carefully read the company's red herring prospectus and other offer documents before investing. This article is for informational purposes only and should not be considered investment advice.