Annu Projects is scheduled to open its IPO on August 25. The mainboard issue is valued at around Rs. 175.06 cr., with a price band of Rs. 94–99 per share. The entire issue comprises fresh shares.
The company operates in the infrastructure and EPC space, a segment that continues to benefit from India’s large public and private infrastructure spending. Investors will focus on order-book strength, execution capability, working capital and profitability before assessing the issue.
