Annu Projects IPO opens for subscription to raise ₹175.06 crore

Annu Projects Limited, an engineering, procurement, and construction (EPC) company, has opened its initial public offering (IPO) for subscription on August 25, 2026. The company aims to raise ₹175.06 crore through a book-built issue consisting entirely of fresh shares, with 1.77 crore new shares being issued.

The price band for the IPO is set between ₹94 and ₹99 per share. For retail investors, the minimum lot size is 151 shares, requiring a minimum investment of ₹14,949 based on the upper price band. The bidding window is scheduled to close on August 28, 2026, with share allotment expected by August 31. The company's shares are slated for listing on the NSE and BSE on September 2, 2026.

Annu Projects specializes in the design, development, implementation, and operation and maintenance of overhead and underground utility infrastructure. Its core sectors include telecom, sewerage, and gas pipeline infrastructure. Mefcom Capital Markets is serving as the book running lead manager, while Kfin Technologies is the registrar for the issue.