Annu Projects IPO Details: Key Dates, Price Band & Investment Overview

By Wealthova | Last Updated: August 22, 2026

Annu Projects Limited, an established Engineering, Procurement, and Construction (EPC) company specializing in essential overhead and underground utility infrastructure, is gearing up to make its primary market debut with an upcoming ₹175.06 Crore mainboard IPO. Known for designing, developing, and executing complex projects across telecom networks, sewerage infrastructure, and gas pipelines, the company operates a robust project management model serving major government and private entities. The subscription window for this book-built issue opens on August 25 and closes on August 28, 2026. The price band is set between ₹94 to ₹99 per equity share, comprising entirely of a fresh issue of ₹175.06 Crore with no Offer for Sale (OFS) component. The company plans to utilize the fresh capital primarily to fund its operational growth—allocating ₹115.00 Crore to meet working capital requirements and ₹15.41 Crore for capital expenditure to purchase new machinery and equipment, alongside general corporate purposes. Set to list on both the BSE and NSE platforms, market participants are closely watching this specialized infrastructure player. Below, we break down the financial health, industry risk factors, and our honest Smart Market Insights to help you decide if you should subscribe to this issue!

Annu Projects Limited is an established Engineering, Procurement, and Construction (EPC) company specializing in the design, development, implementation, operation, and maintenance of critical overhead and underground utility infrastructure. With over two decades of operating history, the company maintains a strong execution track record serving major government organizations, public sector units, and large private enterprises.

The company’s core business operations are strategically divided into four specialized verticals:

• Telecom Infrastructure: This segment involves surveying, designing, and installing complete cabling and tower infrastructures for communication, automation, and electronic security systems. A major focus is the laying of extensive Optical Fibre Cable (OFC) networks for key clients like BSNL and Bharat Broadband Network Limited.
• Sewerage Infrastructure: A massive revenue driver for the company, this vertical covers complex large-scale pipe laying, the construction of deep manholes, Sewage Treatment Plants (STPs), heavy-duty pumping stations, and comprehensive stormwater drainage systems.
• Gas Pipelines: End-to-end execution of city gas distribution projects. This includes trenching, laying MDPE pipelines, and installing GI house connections to expand consumer gas grids.
• Railway Signalling: Specialized execution of signaling, telecommunication, and automation projects designed to support and upgrade India's modernizing rail network.

Backed by a highly integrated project management model, Annu Projects relies on its decentralized execution capabilities to maintain a robust, high-value unexecuted order book, ensuring multi-year revenue visibility.

The Annu Projects IPO is a book-built mainboard issue sized at ₹175.06 Crore. Notably, it consists entirely of a Fresh Issue of up to 1.77 crore equity shares. Because there is no Offer for Sale (OFS) component, 100% of the net proceeds will be channeled directly into the company’s balance sheet to fuel business expansion rather than cashing out existing promoters.

The net proceeds from the fresh capital raise will be allocated toward the following strategic and operational objectives:

• Working Capital Requirements (₹115.00 Crore): The vast majority of the funds will be deployed to meet the heavy, day-to-day working capital needs inherent to large-scale EPC infrastructure projects. This massive cash injection ensures the company can execute larger tenders smoothly without relying on high-interest external debt.
• Capital Expenditure (₹15.41 Crore): A dedicated portion of the capital is earmarked for the direct purchase of new, advanced machinery and heavy equipment required to scale up their on-ground construction and execution speed.
• General Corporate Purposes: The remaining balance will be utilized for broad corporate initiatives, covering routine operational expenses, strategic bidding for larger government tenders, and overall business strengthening.