[Fresh Issue ₹175 Cr + OFS NIL]

Annu projects ipo price: ₹94–₹99 per share

Annu Projects: History

The Company was originally incorporated as Annu Infra Construct (India) Private Limited, a private limited company at New Delhi under the Companies Act, 1956, on June 19, 2003.

The Company was then converted into a public limited company on June 25, 2024, under a special resolution passed by the shareholders.

Its name was subsequently changed to Annu Projects Limited, and the Registrar of Companies (RoC) issued a fresh certificate of incorporation on July 25, 2024.

Annu Projects: Business

Established in 2003, Annu Projects is engaged in the design, development, implementation, operations, and maintenance of essential overhead and underground utilities infrastructure across –

1. Telecom infrastructure,
2. Sewerage infrastructure vertical,
3. Gas pipeline vertical.

In telecom, the company undertakes optical fibre cable (OFC) network deployment, restoration, maintenance, tower infrastructure, and related communication systems.

In sewerage, it executes pipe laying, pumping stations, sewage treatment plants, and drainage infrastructure.

The Company’s gas pipeline business includes more than 537 km of MDPE pipeline laying and 38,300 GI domestic gas connections across 4 states.

As of June 30, 2026, the company has 23 ongoing projects worth INR 19,593.48 million, including –

4 telecom infra projects,

14 sewerage projects,

4 gas pipeline projects, and

1 project comprising the railway signalling vertical.

Strategies Ahead

Strengthening presence and expanding into new geographies across India.

Leveraging core competencies in project execution and expanding into other verticals within the infrastructure development spaces.

Focus on efficient cost management in relation to project execution.

Build a highly skilled and motivated workforce by enhancing the base of mechanised equipment.

Company Promoters

1. Sanjay Kumar Sarraf,
2. Krishna Ranjan.

Refer to Annu Projects IPO DRHP for further information.

IPO Detail

ipo date: 25 Aug – 28 Aug 2026

Minimum Amount: ₹14,949

Minimum Bid: 151 Shares

Face Value: INR 10 per share

Listing On: NSE, BSE

Financial

Book Running Lead Manager

Mefcom Capital Markets

CONCLUSION

Considering financial performance and the nature of the business, FinBlab recommends ‘SUBSCRIBE‘ ratings (keeping a long-term view in mind) for the Annu Projects IPO.

Do come back to learn more about “upcoming IPOs”.

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Disclaimer: This article is purely for informational purposes.

While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

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