The LCC Projects IPO opened for subscription on Wednesday, September 9. Investors looking to participate in the issue can place their bids starting today. The ₹427 crore IPO will remain for subscription till 11 September.
The shares of LCC Projects IPO are commanding a premium of ₹34 in the unlisted market. The GMP of LCC Projects IPO is +34, according to Investorgain. This indicates an estimated listing price of ₹180, which is 23.29% higher than the IPO price of ₹146.
“The company’s strong order book, improving profitability and established execution capabilities provide a favourable growth outlook. However, the business remains exposed to government project dependence, customer and geographical concentration, project execution risks and relatively high leverage, warranting a balanced valuation outlook,” he said.
Meanwhile, brokerage firm Swastika Investmart said that the company has ₹7,953 Cr Order Book and Around 83% of the order book is still related to irrigation and water-supply projects.
“LCC Projects as a stable infrastructure growth play. Its combination of modest valuation (~14x FY26 P/E), high return metrics, strong order book, and immediate debt reduction via IPO proceeds makes it suitable for long term investors,” it added.