LCC Projects IPO
Infrastructure Developers & Operators • ₹427cr
High risk because:
- 5 material risk factors disclosed in DRHP
- Heavy dependence on government or PSU customers
- Working capital or debt pressure highlighted in DRHP
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹139-146
Lot Size
102 shares
Issue Size
₹427cr
Open
09 Sept 2026
Close
11 Sept 2026
Subscription
11.2×
GMP +₹54 → est. ₹200
IPO Schedule
| Issue Open Date | 09 Sept 2026 |
| Issue Close Date | 11 Sept 2026 |
| Allotment Date | 15 Sept 2026 |
| Listing Date | 17 Sept 2026 |
About LCC Projects
LCC Projects is an infrastructure company operating primarily in the irrigation and water supply sector. The company executes a wide range of projects, including the construction of dams, barrages, weirs, hydraulic structures, canals, pipe distribution networks, lift irrigation works, and water supply schemes. It generates the majority of its revenue from state and central government departments through engineering, procurement, and construction contracts awarded via competitive bidding. While irrigation and water supply projects account for the vast majority of its business, the company is diversifying into other infrastructure sectors. Its current operations include ongoing projects in metro railway construction, mining, road work, and renewable energy. The company operates across multiple states in India, with a significant geographic concentration of its ongoing projects in Gujarat and Madhya Pradesh. It also recently established a manufacturing unit for precast concrete solutions.
Company Details
Founders / Promoters
Mr Arjan Suja Rabari
Founded
2017
Registrar
KARVY
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Subscription Status
11.2×
Total Subscription
Grey Market Premium (GMP)
Issue Price
₹146
GMP
+₹54
Est. Listing
₹200
Est. Gain
+37.0%
GMP is unofficial grey market data — not regulated by SEBI. Use only as a sentiment indicator alongside subscription data. View all IPO GMP →
Investment Analysis
LCC Projects — IPOFins Verdict
QuantitativeDriven by QIB demand at 1.2x and elevated disclosed risk (7/10). The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
- Proven track record in successfully executing complex irrigation and water supply infrastructure projects.
- A robust order book ensures strong future revenue visibility and growth.
- Geographically diversified operational presence spanning across 12 different Indian states.
- Consistent financial growth demonstrated by a strong revenue CAGR of 21.50% (FY24–FY26).
- Extensive in-house fleet of construction equipment and newly added precast concrete manufacturing capabilities.
Score breakdown — what drove this verdict
High risk from DRHP → score -0.8
Institutional subscription → score 0
Strong retail interest → score +0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Want to apply for this IPO?
Open a free Demat account and apply in minutes
FAQ
What is the price band of LCC Projects IPO?
The price band is ₹139-146 per share with a lot size of 102 shares. Minimum investment: ₹14,892.
What does LCC Projects do?
LCC Projects is an infrastructure company operating primarily in the irrigation and water supply sector. The company executes a wide range of projects, including the construction of dams, barrages, weirs, hydraulic structures, canals, pipe distribution networks, lift irrigation works, and water supply schemes. It generates the majority of its revenue from state and central government departments through engineering, procurement, and construction contracts awarded via competitive bidding. While irrigation and water supply projects account for the vast majority of its business, the company is diversifying into other infrastructure sectors. Its current operations include ongoing projects in metro railway construction, mining, road work, and renewable energy. The company operates across multiple states in India, with a significant geographic concentration of its ongoing projects in Gujarat and Madhya Pradesh. It also recently established a manufacturing unit for precast concrete solutions.
Should I apply for LCC Projects IPO?
LCC Projects is drawing moderate interest at 11.2x overall subscription (QIB 1.2x, retail 12.5x) — high retail oversubscription usually means lower allotment odds per application. IPOFins Score 5/10: Driven by QIB demand at 1.2x and elevated disclosed risk (7/10). The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
Who founded LCC Projects?
LCC Projects was founded by Mr Arjan Suja Rabari in 2017.