Summary:
Annu Projects IPO closed with a 2.93x overall subscription on August 28, 2026, after a strong final-day surge. NII investors led demand at 3.55x, followed by retail investors at 2.68x and QIBs at 1.72x. Allotment is expected on August 31, with shares scheduled to list on BSE and NSE on September 2, 2026.
Annu Projects, the EPC company focused on telecom, sewerage, and gas pipeline infrastructure, closed its final day of bidding on August 28, 2026, for its ₹175.06 crore mainboard IPO. The issue wrapped up with overall subscription of 2.93 times, driven by a strong final-day push from NII and retail investors.
IPO Details
| Detail | Information |
|---|---|
| Issue Size | ₹175.06 crore (entirely fresh issue, 1.77 crore shares) |
| Price Band | ₹94–₹99 per share |
| Lot Size | 151 shares |
| Minimum Investment (Retail) | ₹14,949 |
| Face Value | ₹10 per share |
| IPO Open Date | August 25, 2026 |
| IPO Close Date | August 28, 2026 |
| Registrar | KFin Technologies Ltd |
| Book-Running Lead Manager | Mefcom Capital Markets Ltd |
Category-wise Breakdown on Final Day
| Category | Shares Offered/Reserved | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | 17,68,300 | 30,44,764 | 1.72 |
| Non Institutional Investors | 70,73,200 | 2,51,16,132 | 3.55 |
| — NII (bids above ₹10 lakh) | 47,15,467 | 1,45,69,235 | 3.09 |
| — NII (bids ₹2–10 lakh) | 23,57,733 | 1,05,46,897 | 4.47 |
| Retail Individual Investors (RIIs) | 88,41,500 | 2,36,85,777 | 2.68 |
| Total | 1,76,83,000 | 5,18,26,673 | 2.93 |
Data as of 28-Aug-2026, 5:33 PM IST, sourced from NSE Consolidated Bid Details (nseindia.com).
Annu Projects IPO - Final Subscription Status
As of the close of bidding on August 28, 2026, the issue received bids for 5,18,26,673 shares against 1,76,83,000 shares on offer, taking overall subscription to 2.93 times. Non-Institutional Investors led the demand at 3.55 times, followed by Retail Individual Investors at 2.68 times, while Qualified Institutional Buyers came in at 1.72 times.
What the Final Day Numbers Indicate
The issue crossed full subscription across all categories only in the closing session, with QIB demand rising from below 1x through the first three days to 1.72 times by close — a sign that institutional and NII bidders held back until the final hours before committing capital. Within the NII category, the ₹2–10 lakh bracket (4.47x) outpaced the above-₹10-lakh bracket (3.09x), pointing to relatively stronger participation from smaller HNIs in the closing rush. Overall subscription settling at just under 3 times, despite a subdued start through Day 1 to Day 3, reflects a modest but respectable final-day recovery for a company with steady revenue and profit growth in the utility infrastructure EPC space.
Annu Projects IPO - Timetable
| Event | Date |
|---|---|
| IPO Open Date | August 25, 2026 |
| IPO Close Date | August 28, 2026 |
| Allotment Finalisation | August 31, 2026 |
| Refund Initiation | August 31, 2026 |
| Demat Credit | September 1, 2026 |
| Listing Date | September 2, 2026 |
| Listing Exchanges | BSE, NSE |
Should You Apply for Annu Projects IPO?
Annu Projects is an engineering, procurement, and construction (EPC) company focused on overhead and underground utilities infrastructure, with operations spanning telecom infrastructure, sewerage infrastructure, and gas pipeline projects. The company generates revenue primarily under EPC and O&M fixed-rate contracts, having delivered ₹1,180.71 crore of contract revenue across 50 contracts as of March 2026. Revenue grew from ₹182.35 crore in FY25 to ₹244.59 crore in FY26, with profit rising from ₹21.10 crore to ₹33.03 crore over the same period.
Investors considering the issue should weigh the company's revenue and profit growth, and its position across multiple utility infrastructure verticals, against sector-specific risks such as project execution risk, dependence on government and infrastructure spending cycles, and working-capital intensity typical of EPC businesses. As with any IPO, the decision should be based on individual risk appetite, investment horizon, and a review of the RHP rather than subscription numbers alone.
How to Apply for Annu Projects IPO
Bidding has now closed for the Annu Projects IPO. Investors who applied during the window from August 25–28, 2026, can check their allotment status once the basis of allotment is finalised on August 31, 2026.
How to Check Annu Projects IPO Subscription Status
How to check Annu Projects IPO Subscription Status on NSE website
- Visit the NSE IPO issue information page (nseindia.com).
- Search for "Annu Projects" or enter the relevant symbol.
- Select "Consolidated Bid Details" from the dropdown to view category-wise subscription data.
How to check Annu Projects IPO Subscription Status on BSE website
- Visit the BSE IPO page (bseindia.com).
- Navigate to the "Active IPO" or "IPO Bidding" section.
- Select "Annu Projects Limited" from the list of issues.
- View category-wise and overall subscription figures for the full bidding window.
How to check Annu Projects IPO Subscription Status on Ventura?
Ventura clients can track subscription status for the Annu Projects IPO within the IPO section of the Ventura app or web platform, alongside category-wise bid data and upcoming allotment updates.
IPO Subscription History
Previous Day Subscription
Subscription built up gradually over the first three days of bidding, reaching 0.62 times overall by Day 3 with QIBs modestly leading, before a strong final-day surge across all categories pushed overall subscription to just under 3 times.
Conclusion
Annu Projects' IPO closed on a modest but solid note, with overall subscription reaching 2.93 times on the back of a final-day push from NII and retail investors. With allotment due on August 31 and listing scheduled for September 2, 2026, investors who applied will need to check their allotment status closer to those dates through the registrar, exchange websites, or their broking platform.
