Current Infraprojects Ltd. logo

Current Infraprojects was incorporated on December 31, 2013. The company is an infrastructure construction, development, operations, and maintenance firm specialising in EPC services across solar, electrical, water, and civil projects on a turnkey basis. It also provides MEP consulting, project management services, and delivers renewable energy solutions under the RESCO model through SPVs, while being a member of the Rajasthan Solar Association

Bidding Dates
26 Aug 2025 - 29 Aug 2025
Subscription
308.4x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue Price BandPost Issue Promoter Holding %Issue SizeIPO Document
₹243,2002216005.2 M₹76 - ₹8070.5 %₹397.1 M - ₹418.0 MRHP DOC

Current Infraprojects IPO SUBSCRIPTION STATUS

29 Aug '25
Total308.4x
Retail Individual Investor448.14x
HNI (NII) Investors722.88x
Qualified Institutional Buyers86.24x

Current Infraprojects IPO overall subscription rate was 308.4 times the total available shares

Current Infraprojects IPO retail subscription rate was 448.14 times in the retail segment

Current Infraprojects IPO non-institutional investor subscription rate was 722.88 times in the non-institutional investor category

Current Infraprojects IPO Qualified Institutional Bidder subscription rate was 86.24 times the available shares for Qualified Institutional Bidder

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation35%15%50%
29 Aug 2025
(Day 3)
448.14x722.88x86.24x
28 Aug 2025
(Day 2)
54.75x40.03x4.47x
26 Aug 2025
(Day 1)
13.21x11.06x4.44x

Current Infraprojects FINANCIALS

Period Revenue from Operations (Rs in crore) Net Profit (Rs in crore) Cash Flow from Operations (Rs in crore) Free Cash Flow (Rs in crore) Margins
FY25 90.9 9.5 -1.1 -18.2 16.2%
FY24 77.6 5.1 -0.4 -1.9 10.7%
FY23 61.0 1.5 -0.3 -1.0 5.4%

Current Infraprojects IPO SUBSCRIPTION STATUS DETAILS

Current Infraprojects had 5.2 M shares on offer

Current Infraprojects IPO offer price was in the range ₹76 - ₹80

Current Infraprojects IPO minimum Investment was ₹243200

Current Infraprojects IPO issue size was ₹ 397.1 M - ₹ 418.0 M

Current Infraprojects had a minimum lot size of 1600 Shares per application

Current Infraprojects NUMBER OF SHARES ON OFFER

Total5.2 M
Fresh Issue5.2 M
Offer for Sale0
Post Issue Promoter Holding %70.5 %

Current Infraprojects IPO IMPORTANT DATES

Issue Open Date26 Aug 2025
Issue close Date29 Aug 2025
Allotment Date01 Sep 2025
Refund Date02 Sep 2025
Demat Account Credit Date02 Sep 2025
Listing Date03 Sep 2025
Listing on Exchange(s)NSE
Current Infraprojects Allotment StatusExchange/ Registrar

Current Infraprojects IPO subscription opened on 26 Aug 2025, and closed on 29 Aug 2025

IPO allotment for Current Infraprojects was finalized on Monday, 01 Sep 2025

IPO listing for Current Infraprojects was on NSE on Wednesday, 03 Sep 2025

Current Infraprojects IPO LISTING GAINS

Issue Price (adjusted)80.0
Listing Open Price152.0
Listing Close Price152.8
Listing Gain%90.0%
Current Gain%20.0%

Current Infraprojects Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Current Infraprojects Ltd.96183.813.10.31.117.69.4161.476.714.148.67.348.6
Adani Green Energy Ltd.1276.1210196.2117.827.615.58.61.11381911.2165214.410.84.3
Siemens Energy India Ltd.3334118730.679.81.712.625.111.5793266.61100.183.441.846.7
NTPC Green Energy Ltd.91.176755.4126.513.823.42.80.93035.123.1522.69.90.79.2
NHPC Ltd.71.872073.1190.85.99.13.112686.18.23765.725.23.824.1
ACME Solar Holdings Ltd.432.630575.850.70.912.99.81.72507.159.2498.997.98.558.2

Current Infraprojects INFORMATION ON IPO ISSUE

About Current Infraprojects

Current Infraprojects was incorporated on December 31, 2013. The company is an infrastructure construction, development, operations, and maintenance firm specialising in EPC services across solar, electrical, water, and civil projects on a turnkey basis. It also provides MEP consulting, project management services, and delivers renewable energy solutions under the RESCO model through SPVs, while being a member of the Rajasthan Solar Association

Object of the Issue

  • Investment in equity of their wholly owned subsidiary, Current Infra Dhanbad Solar, for setting up a 1800 KW solar plant under the RESCO Model at the Indian Institute of Technology (Indian School of Mines), IIT(ISM) Jharkhand
  • Funding the working capital requirements of the company
  • General corporate purposes

Current Infraprojects - PROMOTERS

Name
Sunil Singh Gangwar
Sujata Gangwar
Satyavrat Singh
Devvrath Singh

Current Infraprojects - MANAGEMENT & LEADERSHIP

NameDesignation
Sunil Singh GangwarChairman & Managing Director
Devvrath SinghWhole Time Director
Satyavrat SinghWhole Time Director
Sujata GangwarNon-Executive Director
R VenkateswaranIndependent Director
Deepak GuptaIndependent Director
Mukesh Kumar JainIndependent Director

Current Infraprojects Book Running Lead Manager

Holani Consultants Private Limited

ipo@holaniconsultants.co.in

Current Infraprojects Registrar to the issue

Bigshare Services Private Limited

ipo@bigshareonline.com

Current Infraprojects Strengths

Client relationship & order book

The company’s success is built on long-standing client relationships, driven by a deep understanding of client needs and consistent delivery of quality, personalised solutions. This trust and reliability have resulted in repeat work orders from esteemed clients

Strength

Project management & execution capabilities

The company has successfully executed a wide range of construction, solar, electrical, road, rail, water, and civil infrastructure projects. With in-house engineering, design, and execution capabilities, supported by industry experts, it delivers integrated solutions tailored to client needs while focusing on performance, efficiency, and optimised project lifecycles

Strength

Focused EPC player

The company has established itself as a trusted EPC player by consistently executing projects with renowned infrastructure companies and prestigious organisations such as NHAI and PWD. Its strong track record of delivering projects on time and within budget has enhanced its credibility, while deep-rooted experience and a focused approach have strengthened technical expertise and sector-specific understanding

Strength

Current Infraprojects Risks

Project delay risks

Construction faults, including design deficiencies, may lead to design revisions, higher costs, delays, and additional consultant expenses. Such issues can increase interest and operational costs, delay project timelines, and require client approval for extensions

Risk

Seasonal

The company’s operations may be impacted by seasonal factors like heavy rainfall, floods, cyclones, or extreme weather, causing delays, disruptions, or damage to equipment and premises

Risk

Bank guarantee risks

The company is required to provide performance bank guarantees for government tenders. Failure to arrange, renew, or invoke these guarantees could cause financial strain, reputational damage, penalties, and defaults under contracts, adversely affecting business operations and growth

Risk

IPO FAQs

  • The promoters of the company are Sunil Singh Gangwar, Sujata Gangwar, Satyavrat Singh and Devvrath Singh.
  • The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
  • The price band of the IPO is Rs 76.0 - 80.0.
  • The IPO application opens on Aug 26, 2025 and closes on Aug 29, 2025.
  • The minimum lot size for the IPO is 3200. The maximum lot size for the IPO is 3200.
  • For all category investors, the minimum application amount for this IPO is Rs. 243,200.0, the maximum value for this IPO is Rs 256,000.0.
  • This IPO will be allotted on Sep 01, 2025.
  • The refund will be credited to your account on Sep 02, 2025.
  • The allotted shares will be credited to your demat on Sep 02, 2025.
  • Current Infraprojects Ltd.’s shares listed on the stock exchanges on Sep 03, 2025.