Annu Projects Limited Announces IPO
Annu Projects Limited, a diversified EPC company, has announced its Draft Red Herring Prospectus (DRHP) for an upcoming Initial Public Offering (IPO). This IPO consists of a fresh issue of equity shares, offering investors an opportunity to participate in the company’s growth journey. The IPO aims to raise funds to support the company’s expansion plans and working capital requirements.
Company Overview
Annu Projects Limited is a diversified EPC company operating across India, specializing in telecom infrastructure, sewerage infrastructure, and gas pipeline projects. They focus on:
- Telecom Infrastructure: Laying OFC networks (over 25,000 kms laid & maintenance of 50,000+ kms).
- Sewerage Infrastructure: Pipe laying, construction of manholes & sewage treatment plants (over 125 kms of sewerage pipes laid).
- Gas Pipeline: MDPE laying for domestic/commercial gas supply (over 460 kms laid).
Their target market includes government and private sector clients across various infrastructure development projects.
Key Achievements
Annu Projects has demonstrated significant growth and notable achievements:
- Significant revenue growth from 111.56 crore in FY22 to 153.98 crore in FY24.
- Gross profit increased from 22.41 crore in FY22 to 45.37 crore in FY24.
- Order book stands at 47.97 crore as of March 31, 2025.
Financial Overview
Here’s a snapshot of Annu Projects Limited’s financial performance:
| Particulars | December 31 2024 | March 31 2024 | March 31 2023 | March 31 2022 |
|---|---|---|---|---|
| Assets | 189.90 | 161.34 | 147.48 | 142.03 |
| Revenue | 87.01 | 153.98 | 129.81 | 111.56 |
| Profit After Tax | 7.27 | 17.39 | 7.19 | 3.52 |
| Net Worth | 108.20 | 68.93 | 51.48 | 44.39 |
| Reserves and Surplus | 60.39 | 66.40 | 48.79 | 41.69 |
| Total Borrowing | 20.78 | 19.68 | 19.79 | 14.89 |
Offer for Sale and IPO Structure
The IPO consists of a fresh issue of 22,000,000 equity shares. The allocation for different investor types is as follows:
- Retail Investors: 35%
- Qualified Institutional Buyers (QIB): 50%
- Non-Institutional Investors (NII): 15%
The shares are proposed to be listed on both the BSE and NSE.
Lead Managers and Registrar
The lead manager for the Annu Projects Limited IPO is Mefcom Capital Markets Limited. KFin Technologies Limited is the registrar for the IPO.
Conclusion
Annu Projects Limited’s IPO presents an opportunity to invest in a growing EPC company with a strong track record. We encourage investors to stay updated on the IPO dates and consider this investment opportunity. Further details can be found in the DRHP available on the SEBI website and the websites of the lead managers.