LCC Projects
Multidisciplinary EPC contractor building irrigation, water-supply, dam and canal infrastructure.
Last updated 24 Sept 2026, 11:38 pm IST
- Price band
- ₹139 – ₹146
- Lot size
- 102
- Issue size
- ₹427.14 Cr (₹258 Cr fresh + ~1.15 Cr shares OFS)
- Opens
- 9 Sept 2026
- Closes
- 11 Sept 2026
- Exchange
- Both
The numbers
- GMP
- ₹35 (~24.0%) (17 Sep, 7:00 AM; was ₹64 (~44%) on 14 Sep)
- Subscription
- 49.57× (final)
- Listing gain
- NSE +29.5% / BSE +31.4% (17 Sep)
- Listing date
- 17 Sept 2026
- Model prediction
- ~+34% expected → Strong Subscribe. Listed +29.5% NSE / +31.4% BSE (17 Sep), closed day 1 at +16.5%; call held at the open.
The Ticker Tales take
LCC Projects is an EPC contractor that builds irrigation, water-supply, dam and canal infrastructure — work that comes largely from state government orders. About ₹258 crore of the ₹427.14 crore issue was fresh money for the company, with the rest an offer for sale. Demand finished strong: the book closed 49.57 times covered, with institutions at 78.73 times, big-ticket investors at 64.91 times and retail at 26.34 times. We expected a strong listing — a pop of around 34%. It listed on 17 September at ₹189 on NSE, up 29.5%, and ₹191.90 on BSE, up 31.4% — close to our estimate, so the call worked at the open. It closed the first day at ₹170.10, up 16.5%. The call was right at the open; roughly half the pop was handed back by the bell, so the timing of the exit mattered more than the call did.
More details
- Sector
- Infrastructure EPC (irrigation & water)
- Issue type
- Book-built (₹258 Cr fresh + OFS)
- 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.