Annu Projects
EPC company building and maintaining overhead and underground utility infrastructure — sewerage lines, telecom towers and gas pipelines — mostly for government bodies.
Last updated 10 Sept 2026, 2:07 pm IST
- Price band
- ₹94 – ₹99
- Lot size
- 151
- Issue size
- ₹175.06 Cr (100% fresh)
- Opens
- 25 Aug 2026
- Closes
- 28 Aug 2026
- Exchange
- Both
The numbers
- GMP
- ₹0 (flat; was ₹5.7 (~5.76%) at close)
- Subscription
- 2.93× (final)
- Listing gain
- NSE -27.3% (₹72.00 vs ₹99, 2 Sep)
- Listing date
- 2 Sept 2026
- Model prediction
- ~+6% expected → Subscribe. Listed -27.3% NSE (2 Sep), closed day 1 at -23.6%; call missed.
The Ticker Tales take
Annu Projects is an engineering, procurement and construction company that designs, builds, operates and maintains essential overhead and underground utility infrastructure — sewerage lines, telecom towers and gas pipelines — largely for government bodies. A small ₹175.06 Cr mainboard issue at ₹94–99, entirely fresh shares, so all the money raised went into the company rather than to existing owners. Bidding closed on 28 Aug at 2.93× subscribed — a thin book for a small issue, with no category showing real appetite — and the grey-market premium faded from ~₹5.7 at close to nothing by listing eve. Our call was a cautious Subscribe on an expected pop of roughly 6%. It listed on 2 Sep at ₹72 on NSE, about 27% below the ₹99 issue price, and closed its first day at ₹75.60 (−23.6%). The cushion we warned about simply was not there: a barely-covered book with no grey-market premium left nothing to hold the price up. A clear miss.
More details
- Sector
- Infrastructure EPC (utilities)
- Issue type
- 100% Fresh issue
- Incorporated
- 2003
- Anil Singhvi - Long-term call
- Not clearly stated
- Anil Singhvi - Listing-gain call
- Not clearly stated
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Calls here follow a set formula (GMP, subscription trends) plus Anil Singhvi's publicly shared view — not investment advice. Please do your own research before investing.