Current Infraprojects SME: Check IPO Date, Live Subscription and Key Details
Current Infraprojects is an infrastructure construction, development, operations, and maintenance company. It offers comprehensive Engineering, Procurement, and Construction (EPC) services, along with Engineering consulting and Project Management Consulting services. The company specializes in Solar EPC, Electrical EPC, Water EPC, and Civil EPC contracts, undertaken on a fixed-sum turnkey basis. The company has executed projects across various sectors, including hospitals, commercial buildings, malls, and hotels. As of September 30, 2024, it has completed projects worth ₹237.44 crore. The company derives revenue from government tender contracts and private contracts and had a strong order book of ₹245.79 crore as of March 28, 2025.
Price Range
₹76.00-80.00
Issue Size
38.86
Lot Size
1,600 shares
IPO Type
NSE SME
GMP
₹50(+62.50%)
Est. Listing Price
₹130
Invisible
-
Invisible
-
Key Metrics
Check Live GMP
Face Value
₹10
EPS
4.94
P/E Ratio
16.19
RoNW
39.84%
ROE
49.75%
Debt to Equity
1.29
Timeline
IPO Opens
26 Aug
IPO Closes
29 Aug
Allotment
1 Sept
Listing
3 Sept
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 26 August 2025 | Subscription starts |
| IPO Close Date | 29 August 2025 | Subscription ends |
| Allotment Date | 1 September 2025 | Allotment |
| Listing Date | 3 September 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,56,000 |
SHNI (Min) | 3 | ₹3,84,000 |
SHNI (Max) | 7 | ₹8,96,000 |
BHNIAbove ₹10,00,000 | 8 | ₹10,24,000 |
IPO Objectives
- Investment in Equity of our wholly owned subsidiary, Current Infra Dhanbad Solar Private Limited for setting up 1800 KW solar plant under RESCO Model at Indian Institute of Technology (Indian School of Mines) IIT(ISM), Dhanbad, Jharkhand.
- Funding the working capital requirement of the company.
- General corporate purposes.
Strengths
- The company is a focused EPC player offering a wide range of services in solar, electrical, water, and civil projects.
- It has an NABL Accredited lab, which ensures high-quality project execution and delivery.
- The business has a strong order book of over ₹245 crore, with a history of repeat orders, providing clear future revenue visibility.
- The company is led by experienced promoters and a management team with a proven track record of end-to-end project management and execution.
- It has a diversified project experience across various sectors and clients, and plans to use IPO proceeds for a new solar plant and working capital, showing a clear growth strategy.
Weaknesses
- The company has a high debt-to-equity ratio of 1.29, indicating a significant reliance on borrowed funds that could limit its financial flexibility.
- It is a working capital-intensive business, with a large portion of the IPO money (₹30 crore) being used to meet these operational needs.
- The company is highly dependent on government contracts, which makes it vulnerable to risks like project delays, policy changes, and payment issues.
- The business is exposed to project execution risks, including the potential for cost overruns and unforeseen technical challenges.
- The lack of public financial data for FY23 and FY24 makes it difficult for investors to analyze the company's performance trends over time.
Financial Performance
| Period Ended | 31 Mar 2025 |
|---|---|
| Assets (₹ Cr.) | 79.52 |
| Revenue (₹ Cr.) | 91.33 |
| PAT (₹ Cr.) | 9.45 |
| Net Worth (₹ Cr.) | 23.73 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Current Infraprojects | 4.55 | 16.19 | 49.75% | 23.73 |
| K2 Infragen | 1.02 | 6.66 | 15.14% | 44.94 |
| Oriana Power | 9.02 | 29.04 | 31.11% | 149 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 9.88x | 9.94x | 191.77x |
| NII | 9.83x | 35.23x | 640.48x |
| S-HNI | 8.25x | 33.34x | 408.14x |
| B-HNI | 10.62x | 36.17x | 756.64x |
| RII | 11.93x | 49.4x | 396.5x |
| Total | 10.6x | 34.14x | 379.44x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 9,69,600 | 18,59,39,200 | 1,487.51 |
| NII | 7,29,600 | 46,72,91,200 | 3,738.33 |
| Small NII | 2,43,200 | 9,92,60,800 | 794.09 |
| Big NII | 4,86,400 | 36,80,30,400 | 2,944.24 |
| RII | 17,05,600 | 67,62,68,800 | 5,410.15 |
| Total | 35,04,000 | 1,32,95,66,400 | 10,636.53 |
Company Details
- Current Infraprojects Ltd.
- A-27, Basant Vihar, Vaishali Marg (West), Panchyawala, Jaipur, Rajasthan-302034
- 0141-6762066
- cs@currentinfra.com
- https://www.currentinfra.com/
Registrar Details
- Bigshare Services Pvt.Ltd.
- +91-22-6263 8200
- ipo@bigshareonline.com
- https://ipo.bigshareonline.com/IPO_Status.html