- POSITIVE
Annual Revenue Current Infraprojects Mar-2026 Annual Revenue is Rs 171 Cr which is growth of 71.3% YoY.
- POSITIVE
Annual Net Profit Current Infraprojects Mar-2026 Annual Net Profit is Rs 14 Cr which is growth of 47.1% YoY.

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 Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹243,200 | 2 | 2 | 1600 | 5.2 M | ₹76 - ₹80 | 70.5 % | ₹397.1 M - ₹418.0 M | RHP DOC |
Current Infraprojects IPO SUBSCRIPTION STATUS
29 Aug '25Current 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
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
29 Aug 2025 (Day 3) | 448.14x | 722.88x | 86.24x |
28 Aug 2025 (Day 2) | 54.75x | 40.03x | 4.47x |
26 Aug 2025 (Day 1) | 13.21x | 11.06x | 4.44x |
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
Current Infraprojects IPO IMPORTANT DATES
| Issue Open Date | 26 Aug 2025 |
| Issue close Date | 29 Aug 2025 |
| Allotment Date | 01 Sep 2025 |
| Refund Date | 02 Sep 2025 |
| Demat Account Credit Date | 02 Sep 2025 |
| Listing Date | 03 Sep 2025 |
| Listing on Exchange(s) | NSE |
| Current Infraprojects Allotment Status | Exchange/ 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 Price | 152.0 |
| Listing Close Price | 152.8 |
| Listing Gain% | 90.0% |
| Current Gain% | 20.0% |
Current Infraprojects Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Infraprojects Ltd. | 96 | 183.8 | 13.1 | 0.3 | 1.1 | 17.6 | 9.4 | 161.4 | 76.7 | 14.1 | 48.6 | 7.3 | 48.6 |
| Adani Green Energy Ltd. | 1276.1 | 210196.2 | 117.8 | 27.6 | 15.5 | 8.6 | 1.1 | 13819 | 11.2 | 1652 | 14.4 | 10.8 | 4.3 |
| Siemens Energy India Ltd. | 3334 | 118730.6 | 79.8 | 1.7 | 12.6 | 25.1 | 11.5 | 7932 | 66.6 | 1100.1 | 83.4 | 41.8 | 46.7 |
| NTPC Green Energy Ltd. | 91.1 | 76755.4 | 126.5 | 13.8 | 23.4 | 2.8 | 0.9 | 3035.1 | 23.1 | 522.6 | 9.9 | 0.7 | 9.2 |
| NHPC Ltd. | 71.8 | 72073.1 | 19 | 0.8 | 5.9 | 9.1 | 3.1 | 12686.1 | 8.2 | 3765.7 | 25.2 | 3.8 | 24.1 |
| ACME Solar Holdings Ltd. | 432.6 | 30575.8 | 50.7 | 0.9 | 12.9 | 9.8 | 1.7 | 2507.1 | 59.2 | 498.9 | 97.9 | 8.5 | 58.2 |
Current Infraprojects annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
| Indicator | Graph | CAGR 3 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 |
|---|---|---|---|---|---|---|---|
41.1% | 171.5 | 100.1 | 77.7 | 61.1 | 60.8 | ||
Operating Exp. Ann. | 37.3% | 149.4 | 84.6 | 69.3 | 57.7 | 57.9 | |
Operating Profit Ann. | 84.7% | 20.8 | 15.1 | 8.3 | 3.3 | 2.8 | |
OPM Ann. % | 30.9% | 12.15% | 15.04% | 10.70% | 5.42% | 4.62% | |
37.1% | 152.2 | 87.1 | 70.9 | 59 | 58.8 | ||
EBITDA Ann. | 86.6% | 22.1 | 15.5 | 8.5 | 3.4 | 2.9 | |
EBITDA Ann. margin % | 32.2% | 12.88% | 15.47% | 10.90% | 5.58% | 4.74% | |
Interest Ann. | 26% | 1.8 | 1.6 | 1 | 0.9 | 0.5 | |
Depr. | 26% | 1 | 0.8 | 0.6 | 0.5 | 0.4 | |
PBT Ann. | 109.5% | 19.3 | 13.1 | 6.9 | 2.1 | 2 | |
Tax Ann. | 102.7% | 5 | 3.3 | 1.8 | 0.6 | 0.5 | |
112.5% | 14.4 | 9.8 | 5.1 | 1.5 | 1.5 | ||
Net Profit Ann. | 112.5% | 14.4 | 9.8 | 5.1 | 1.5 | 1.5 | |
NPM Ann. % | 51.1% | 8.42% | 9.78% | 6.56% | 2.44% | 2.49% | |
EPS Adj. latest Ann. | 110.9% | 7.5 | 5.1 | 2.7 | 0.8 | 0.8 |
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
| Name | Designation |
|---|---|
| Sunil Singh Gangwar | Chairman & Managing Director |
| Devvrath Singh | Whole Time Director |
| Satyavrat Singh | Whole Time Director |
| Sujata Gangwar | Non-Executive Director |
| R Venkateswaran | Independent Director |
| Deepak Gupta | Independent Director |
| Mukesh Kumar Jain | Independent 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
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
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
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
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
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
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.
