SRINIBAS PRADHAN CONST L Share price

The genesis of Company's construction business traces back to year 2001 when Mr. Srinibas Pradhan, the Founder Promoter of the Company, embarked on a journey in the construction industry by establishing his proprietorship firm under the name 'M/s Srinibas Pradhan'. Initially catering to small-scale construction services within the local jurisdiction of Urban Local Bodies and Block Development Department, Mr. Srinibas Pradhan's unwavering determination and diligent efforts propelled the firm's growth. The pivotal transition occurred in 2008 when M/s Srinibas Pradhan officially registered with the Works Department of the Government of Odisha. Subsequently, the proprietorship diversified its portfolio, undertaking various small-scale civil projects encompassing roads, buildings, and bridges. Progressively advancing, the proprietorship extended its capabilities, participating in high-value tenders through e-procurement platforms for diverse entities, including Odisha State Government, State and Central PSUs, and corporate entities. From period spanning 2011 to 2020, M/s Srinibas Pradhan expanded their construction activities, delving into multi-storied buildings, steel structures, major district roads, high-level bridges, factories, and residential quarters. Recognizing the need for operational refinement, Srinibas Pradhan Constructions Private Limited was established on September 25, 2020 vide certified issued by the Central Registration Centre, which subsequently got converted into a Public Limited Company and the name of the Company was changed to Srinibas Pradhan Constructions Limited on February 09, 2024. To centralize and consolidate its operations within a cohesive corporate framework, the Company established Srinibas Pradhan Infra Private Limited on January 16, 2024, now operating as a wholly-owned subsidiary of the Company. This new entity assumed the operational responsibilities, assets, and liabilities previously managed by M/s Srinibas Pradhan (Proprietorship Firm), following shareholders' approval held in March, 2024. At present, the Company specialize in infrastructure development across various domains, mainly on Roads and Highways, including Rural, Major District, and Urban roads. In addition to roads, it focus on construction of High-Level Bridges and Steel Structures, both for bridges and sheds. Their Civil Construction Services encompass a wide spectrum, from Foundations and Superstructures to Multi-Storied Structures, Factories, and Industrial Facilities. They actively engage in competitive bidding processes for diverse projects in Odisha, spanning Roads, Bridges, Irrigation & Canals, Civil, and Industrial construction. Apart from these, the Company operates in the State of Odisha and holds P.W.D. Contractors Registration Certificate as a B' Class Contractor, to participate in tenders in the region. Additionally, the wholly-owned subsidiary holds P.W.D. Contractors Registration Certificate as an A' Class Contractor, to participate in higher value tenders. The Company came up with IPO by issuing 20,73,600 equity shares of face value of Rs 10 each and raised funds aggregating to Rs 20.32 crore, which consist a fresh issue of 17,13,600 equity shares amounting to Rs 16.79 crore and the offer for sale of 3,60,000 equity shares amounting to Rs 3.53 crore on 10 March 2026.