NSE SME Current Infraprojects IPO ends with subscription of 352.48 times

The initial public offer (IPO) of Current Infraprojects received bids for 1,32,98,38,400 shares as against 37,72,800 shares on offer. The issue was subscribed 352.48 times. The issue opened for bidding on 26 August 2025 and it closed on 29 August 2025. The price of the IPO was fixed between Rs 76 – Rs 80 per share. The equity shares will list on NSE’s SME platform. The IPO comprised fresh issue of 52,25,600 shares. The promoter shareholding in the company diluted to 61.71% post- IPO from 83.95% pre-IPO. Qualified Institutional Buyers (QIBs) bid for 18,59,39,200 shares, Non-Institutional Investors (NIIs) for 46,75,60,000 shares, while Retail Individual Investors (RIIs) placed bids for 67,62,72,000 shares. The company intends to utilize the net proceeds to invest in its wholly owned subsidiary, Current Infra Dhanbad Solar 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 and general corporate purpose. Current Infraprojects is an infrastructure construction, development, operations and maintenance company with expertise across a wide range of services. It specialize in engineering, procurement and construction (EPC) services, offering comprehensive solutions in solar EPC, electrical EPC, water EPC and civil EPC contracts, which include interior and civil works, as well as road furniture, all on a fixed sum turnkey basis. Additionally, the infrastructure company provides specialized engineering consulting services in mechanical, electrical and plumbing (MEP) systems, alongside project management consulting (PMC) services. The company’s experience spans a variety of sectors, including hospitals, commercial buildings, malls and hotels. As on July 31, 2025, the company has 102 permanent employees. Ahead of the IPO, Current Infraprojects on Monday, 25 August 2025, raised Rs 11.62 crore from anchor investors. The board allotted 14.52 lakh shares at Rs 80 each to 7 anchor investors. The company recorded revenue from operations of Rs 90.88 crore and net profit of Rs 9.45 crore for the period ended 31 March 2025.