- Share.Market
- 6 min read
- 15 Sep 2026
LCC Projects IPO allotment is scheduled for Tuesday, 15 September 2026. This guide explains when allotment should be visible, where to check it, and what happens after allotment.
Key Takeaways
- Allotment date: expected to be finalised on Tuesday, 15 September 2026.
- Registrar: KFin Technologies Ltd. — check status there first, or via BSE/NSE.
- Listing date: tentatively set for Thursday, 17 September 2026 on both BSE and NSE.
- Price band and lot size: ₹139–₹146 per share, in lots of 102 shares.
- Issue structure: a ₹427 crore issue combining a ₹258 crore fresh issue and a ₹169 crore offer for sale by two promoters.
- Use of proceeds: the fresh-issue portion mainly repays company borrowings; the OFS portion pays the two selling promoters, not the company.
LCC Projects IPO: Key Details at a Glance
| IPO Name | LCC Projects Limited |
| Issue Type | Mainboard |
| Listing At | BSE & NSE |
| Price Band | ₹139 – ₹146 per share |
| Face Value | ₹5 per share |
| Lot Size | 102 shares |
| Minimum Retail Investment | ₹14,892 (102 shares at the upper price band) |
| Issue Size | ₹427 crore (fresh issue of ₹258 crore plus an offer for sale of ₹169 crore) |
| Offer for Sale By | Arjan Suja Rabari and Laljibhai Arjanbhai Ahir (promoters) — ₹84.57 crore each |
| Lead Managers | Motilal Oswal Investment Advisors Ltd. |
| Registrar | KFin Technologies Ltd. |
What Is the LCC Projects IPO Timeline?
| Bid Opens | Wednesday, 9 September 2026 |
| Bid Closes | Friday, 11 September 2026 |
| Basis of Allotment (Expected) | Tuesday, 15 September 2026 |
| Refund Initiation (Non-Allottees) | Wednesday, 16 September 2026 |
| Credit of Shares to Demat | Wednesday, 16 September 2026 |
| Listing Date (Tentative) | Thursday, 17 September 2026 |
When Will LCC Projects IPO Allotment Be Out?
LCC Projects IPO bidding closes on Friday, 11 September 2026. The basis of allotment would normally be finalised the next working day under SEBI’s T+1 timeline, but since 12–13 September 2026 is a weekend and 14 September 2026 is a market holiday, the registrar is expected to finalise it on Tuesday, 15 September 2026 instead. Refunds for non-allottees (ASBA amounts unblock automatically; other payment modes receive an actual refund) and the credit of shares to allottees’ demat accounts are expected the next day, Wednesday, 16 September 2026, with listing on BSE and NSE tentatively set for Thursday, 17 September 2026.
How to Check LCC Projects IPO Allotment Status
Method 1: Via KFin Technologies Ltd. (Registrar)
KFin Technologies Ltd. is the official registrar for this IPO and the fastest source for allotment data, since it manages the process directly.
- Visit the KFin Technologies Ltd. IPO allotment status page.
- Select “LCC Projects Limited” from the company dropdown.
- Choose your verification method — PAN, Application Number, or DP/Client ID.
- Enter the details and submit to view your allotment status.
Method 2: Via BSE
- Visit the BSE Application Status Check page.
- Select “LCC Projects Limited” as the issue name.
- Enter your Application Number and PAN.
- Submit to view your status. Data stays available on BSE for about a week after issue closure.
Method 3: Via NSE
- Visit NSE’s bid verification page.
- Complete one-time registration with your PAN if you haven’t already.
- Select “LCC Projects Limited” and view your application status.
How Is the Basis of Allotment Decided?
The basis of allotment follows SEBI’s standard framework and is the same across mainboard IPOs, including LCC Projects. In the retail category, if the issue is oversubscribed, allotment is done through a computerised lottery (draw of lots), so each successful applicant gets at least one full lot rather than a partial allocation. In the QIB category, allotment is proportionate to the shares bid for. However, for the NII category, if the segment is oversubscribed, the allotment of the minimum application size is first done through a draw of lots (similar to the retail category). Only the remaining available shares are then allotted proportionately, subject to the registrar’s rounding rules.
What Happens If You’re Not Allotted Shares?
If you don’t receive an allotment in the LCC Projects IPO, the ASBA amount blocked in your bank account is unblocked automatically; no separate refund request is needed. This is expected around Wednesday, 16 September 2026, the same day allotted shares are credited to successful applicants’ demat accounts.
What Will LCC Projects Do With the IPO Proceeds?
LCC Projects’ IPO combines a ₹258 crore fresh issue with a ₹169 crore offer for sale, and the two pools of money go to very different places. The fresh issue proceeds go to the company: per the RHP, around ₹14.69 crore is earmarked for purchase of equipment and ₹180 crore for prepayment or repayment of outstanding borrowings, with the remainder for general corporate purposes. The ₹169 crore offer-for-sale portion, by contrast, doesn’t fund the company at all; it goes directly to the two selling shareholders, promoters Arjan Suja Rabari and Laljibhai Arjanbhai Ahir, who are each offering ₹84.57 crore worth of shares.
Who Is LCC Projects Limited?
LCC Projects, headquartered in Ahmedabad, Gujarat, is a project execution and construction company with assets of nearly ₹2,450 crore and profit after tax that grew 28% between FY2025 and FY2026. The company is wholly promoter-owned before the IPO by Arjan Suja Rabari, Laljibhai Arjanbhai Ahir, and Maya Arjan Rabari, with two of the three promoters partially cashing out through the offer-for-sale component while retaining a large majority stake after listing.
FAQs
The basis of allotment for the LCC Projects IPO is expected to be finalised on Tuesday, 15 September 2026, after bidding closes on 11 September 2026 — later than a simple next-working-day rule because of the weekend and a market holiday on 14 September 2026.
You can check the status using your PAN or DP/Client ID instead of the application number on the KFin Technologies registrar page, BSE’s Application Status Check page, or NSE’s bid verification page.
KFin Technologies Ltd. is the official registrar for the LCC Projects IPO.
Motilal Oswal Investment Advisors Ltd. is the book-running lead manager for the issue.
LCC Projects is tentatively set to list on both BSE and NSE on Thursday, 17 September 2026.
If you’re not allotted shares, the ASBA amount blocked in your bank account is unblocked automatically, expected around Wednesday, 16 September 2026; the same day shares are credited to allottees’ demat accounts.
If the retail category is oversubscribed, allotment is decided through a computerised lottery, so each successful applicant gets at least one full lot. The QIB category is allotted proportionately. For the NII category, the minimum application size is allotted via a lottery draw if oversubscribed, and only the balance shares are allotted proportionately.
The ₹258 crore fresh issue goes to the company, around ₹14.69 crore for equipment purchase and ₹180 crore for debt repayment, with the balance for general corporate purposes. The ₹169 crore offer-for-sale portion goes to selling promoters Arjan Suja Rabari and Laljibhai Arjanbhai Ahir, not the company.
Yes. Of the ₹427 crore issue, ₹258 crore is a fresh issue of new shares and ₹169 crore is an offer for sale by promoters Arjan Suja Rabari and Laljibhai Arjanbhai Ahir, ₹84.57 crore each.
LCC Projects, based in Ahmedabad, is a project execution and construction company with assets of nearly ₹2,450 crore and profit after tax up 28% year-on-year.
