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LCC Projects IPO Review

LCC Projects IPO has been reviewed by 11 analysts, and the overall consensus is Strong Apply — carrying a score of 87. Out of the 11 analysts who have covered this IPO, 9 recommend subscribing while 2 advise caution or avoidance — reflecting a broadly positive view from the analyst community.

The issue is priced in the band of ₹139-146 per share, with a minimum application size of 102 shares (minimum investment of approximately ₹14,892 at the upper band). Subscription ran from 09 Sep 2026 to 11 Sep 2026. The issue size is ₹427 crore, a mix of fresh issue and offer for sale. As of now, the grey market premium (GMP) for LCC Projects IPO is quoting at ₹36 (24.66%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
87/ 100
Strong Apply 9 of 11 recommend subscribing
How analysts voted
Apply 9
Neutral 1
Avoid 1
Not rated 2

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

LCC Projects is a multidisciplinary EPC company strongest in irrigation and water supply, operating across 12 states with in-house engineering. FY26 income was ₹3,639.45 crore with profit of ₹286.44 crore and EBITDA of ₹519.90 crore, all growing strongly for three years. Both analysts covering it said subscribe.

Listing gains

The notes value the issue at about 14.0 times FY26 diluted earnings of ₹10.4 per share, with EV to EBITDA of 9.6 times. That is among the cheaper multiples on offer this week for a company growing this fast, which is what drove both subscribe ratings and points to a positive listing.

Short-term strategy

Income grew about 24 percent and profit about 28 percent in FY26. Assets rose sharply from ₹1,727.46 crore to ₹2,447.54 crore, which is typical of an EPC business funding work in progress, so the order book converting into collections is the near-term item to track.

Long-term strategy

Analysts point to a strategy of widening the footprint beyond irrigation into renewable energy, wastewater, desalination, railways, metro rail and sewerage, and of bidding for larger and more complex projects. That diversification is the long-term case, since irrigation alone ties the company to state water spending.

How this is written: an AI-assisted summary of the 13 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for LCC Projects IPO?

The analyst consensus for LCC Projects IPO tracked on this page is Strong Apply, with a score of 87/100. Out of 11 analysts who have reviewed this IPO, 9 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 87 mean for LCC Projects IPO?

The score of 87 is an aggregate of all analyst ratings tracked for LCC Projects IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Read the individual analyst verdicts above for more context.

What was the actual listing price of LCC Projects IPO?

LCC Projects IPO listed on September 17, 2026 at ₹189, against the issue price of ₹146 — a gain of +29.45% (₹43 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of LCC Projects IPO?

LCC Projects IPO was priced at ₹139-146 per share. The minimum lot size is 102 shares, making the minimum investment approximately ₹14,892 at the upper end of the price band. Subscription ran from 09 Sep 2026 to 11 Sep 2026.

Explore LCC Projects IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

LCC Projects IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Strong Apply
Score
87 / 100
Listed at
₹189
Full IPO details