According to reports, the Grey Market Premium (GMP) of LCC Projects in the unlisted market is now at ₹50, which points to a listing premium between 30% to 34% from its IPO price of ₹139 to ₹146 per share.
However, it must be noted that the GMP rates are speculative in nature and the actual listing price could differ from the GMP rates.
As of the second day of bidding, the LCC Projects IPO has been subscribed 2.32 times the total number of shares on offer, with subscription being led by retail investors.
Retail investors have already placed bids for 2.87 crore shares, compared to the 1.05 crore shares reserved for them, taking the total subscription figure to 2.73 times.
Non-institutional Investors (NIIs) have also had a similar subscription figure at 2.91 times, with bids being placed for 1.31 crore shares in comparison to the 45 lakh shares that were reserved for them.
The portion reserved for institutional investors has also been fully subscribed, with the overall subscription figure at 1.14 times.
What Does LCC Projects Do?
LCC Projects is predominantly involved in developing infrastructure projects for the government.
The company executes EPC projects across the irrigation and water supply segment, including dams, canals, pipe distribution networks, lift irrigation works and water supply schemes.
As of March 2026, the company had an order book of ₹7,953.1 crore.
The allotment of shares for LCC Projects will take place on Tuesday, September 15, and the listing likely to take place on September 17.
