Annu Projects
Infrastructure company based in New Delhi.
“Annu Projects: momentum beats fundamentals — a trader's IPO, not an investor's.”
- ▸Decent demand 2.93x
- ▸Profit not converting to cash — biggest red flag
- ▸4 forensic red flags in DRHP footnotes
- ▸100% fresh capital funds growth
- ⚠ high customer concentration
- ⚠ dependence on government contracts
- ⚠ stretched working capital cycle
- ⚠ quality and durability of earnings
Educational only. Not investment advice. GMP is unofficial chatter, never a promise.
Demand — who is actually bidding?
Live from NSE's official bid feed. QIB is smart money — if QIB sleeps past Day 2, listing pop usually dies.
Issue structure — where does money go?
- ▸Funding capital expenditure requirements of the Company for purchase of machinery or equipment
- ▸Funding working capital requirements of the Company
- ▸General corporate purposes
- Promoter 60.78% → 44.37% after IPO
Deep financials — does profit become cash?
| FY | REVENUE | PAT | MARGIN | ROE | ROCE | D/E | CFO |
|---|---|---|---|---|---|---|---|
| FY24 | ₹155.42 Cr | ₹17.39 Cr | 11.2% | — | — | — | ₹0 Cr |
| FY26 | ₹244.59 Cr | ₹33.03 Cr | 13.5% | — | — | — | ₹0 Cr |
| FY25 | ₹182.35 Cr | ₹21.1 Cr | 11.6% | — | — | — | ₹0 Cr |
Valuation vs listed peers
Peer set is being compiled from analyst coverage — typically lands a day after the price band. Check back or tap Re-run AI above.
Risk dossier
- 01high customer concentration
- 02dependence on government contracts
- 03stretched working capital cycle
- 04quality and durability of earnings
Street tape
Documents & filings
Primary sources — the same PDFs our dossier numbers come from.
Questions investors ask about Annu Projects
Should I apply for the Annu Projects IPO for listing gains?
Only if Day-2 QIB crosses 5x — otherwise the listing setup is weak.
Is Annu Projects good for the long term?
Not yet — wait for cheaper re-entry or cleaner quarters.
What is the Annu Projects IPO price band and lot size?
₹94–₹99, lot of 151 shares (min ₹14,949). Open 25 Aug 2026 to 28 Aug 2026.
How do I check Annu Projects IPO allotment status?
On the Registrar of Companies, Delhi & Haryana at New Delhi portal: select Annu Projects, enter PAN, application number, or DP/Client ID, solve the captcha. Results go live 6–10 PM on allotment evening (issue closed 28 Aug 2026). BSE's application-status page works as fallback.
When is the Annu Projects listing date?
It listed at ₹72 (-27.27%).
Who should apply?
- • Listing trader → no, setup is weak
- • Long-term holder → wait for cheaper re-entry
- • First-time investor → learn by watching, not betting
Listing-day playbook
- • Opens +40%↑ → book half, keep rest at cost stop
- • Opens flat ±5% → hold only if long-term score ≥7
- • Opens discount → never average down Day 1