Summary of this article
Annu Projects shares listed at a notable discount today.
Retail investors suffered listing day losses on allotted shares.
The public issue was oversubscribed nearly three times overall.
Shares of Annu Projects made their debut in the stock market on September 2, 2026 with a discount of roughly 27 per cent over the upper end of the price band.
On the BSE, the shares were listed at Rs 75 per share, with a discount of 24.24 per cent below the upper end of the price band of Rs 99. On the NSE, the stock made its debut at Rs 72 apiece, with a discount of 27.27 per cent over the issue price.
Annu Projects IPO: Listing Day Loss
Applicants who were successfully allotted a minimum of one lot or 151 shares would have made a loss of around Rs 4,077 [(Rs 99 - Rs 72) x 151] after the stock listed on the exchanges. The company's market capitalisation stood at Rs 510.71 crore after listing, and 2.09 lakh shares of the company changed hands.
Annu Projects IPO: Offer Size
The initial public offering (IPO) was a book-built issue worth Rs 175.06 crore and consisted entirely of a fresh issue of 17.70 million shares. The price band for the public issue was fixed at Rs 94 to Rs 99 per share. The minimum lot size for retail investors was fixed at 151 shares, aggregating to an investment of Rs 14,949.
Annu Projects IPO: Subscription
Annu Projects’ public issue saw modest demand and was oversubscribed 2.93 times during its subscription period from August 25 to 28. Investors across categories placed bids for 51.84 million shares compared to the net offer size of 17.68 million shares available.
Non institutional investors (NIIs) booked their quota in the IPO 3.55 times. Retail investors booked their quota 2.68 times, while the qualified institutional buyer (QIB) quota was subscribed 1.72 times.
Annu Projects: Promoters
The promoters of the company diluted a portion of their stakes through the fresh issue. Following the listing of the stock, the promoter shareholding reduced to 65.06 per cent after the stock listed from 89.11 per cent prior to the public issue.
Annu Projects: Competitors
Annu Projects operates within a highly competitive engineering, procurement, and construction market focusing on underground and overhead utilities infrastructure. Following the listing of its shares, Annu Projects shares will compete with its listed peers such as Likhitha Infrastructure, Bondada Engineering, EMS and Suyog Telematics.
Annu Projects IPO: Objective
The company will use Rs 115 crore from the fresh issue for funding the working capital requirements, and will use Rs 15.41 crore for the purchase of machinery or equipment, with the remaining proceeds allocated for general corporate purposes and issue expenses.
