Srinibas Pradhan Constructions Limited IPO Review

Srinibas Pradhan Constructions Limited was incorporated on September 25, 2020, as a private limited company and converted into a public limited company on February 9, 2024. The Company is headquartered in Jharsuguda, Odisha. The Promoters are Mr Ramakanta Pradhan, Mr Srinibas Pradhan and Mrs Jyotshna Pradhan.SPCL operates in the infrastructure development sector with a primary focus on roads and highways, including rural, major district and urban roads. The Company also undertakes construction of high-level bridges, steel structures, foundations, superstructures, multi-storied buildings, factories and industrial facilities. Its business model is largely tender-based, where it participates in competitive bidding for government and infrastructure projects in Odisha.SPCL’s strengths lie in its diversified civil construction capabilities, execution experience across multiple infrastructure segments, and established presence in the Odisha market.

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