Active Infrastructures Limited, a civil construction company based in India, launched its IPO subscription on March 21, 2025. The company, established in 2007, specializes in infrastructure development, including roads, bridges, and commercial buildings. The IPO, with a price band of ₹178 to ₹181 per share, aims to raise ₹77.83 crore for working capital, loan repayment, and construction equipment purchases. On day one, the IPO subscription reached 4%, with retail investors subscribing 7%.
Active Infrastructures Limited, an Indian civil construction company, has opened its initial public offering (IPO) for subscription on March 21, 2025. The IPO will remain open until March 25, 2025, with a price band set at ₹178 to ₹181 per share. The company, established in 2007, specializes in infrastructure development, including roads, bridges, water supply systems, and commercial buildings across various states in India. The IPO aims to raise ₹77.83 crore to fund working capital requirements, loan repayment, and the acquisition of construction equipment.
Active Infrastructures IPO Subscription Status
On the first day of bidding, the IPO was subscribed 4%, with retail investors subscribing 7%, while non-institutional investors (NII) subscribed 1%. The Qualified Institutional Buyers (QIB) segment is yet to see participation. As of 13:49 IST, the company received bids for 1,51,800 shares against the 38,39,400 shares on offer, according to market data from Chittorgarh.com.
Active Infrastructures IPO Details
The IPO consists of a fresh issue of 43,00,200 equity shares, aggregating to ₹77.83 crore. There is no Offer for Sale (OFS) component in this offering. The funds raised will be allocated for:
- Working capital requirements
- Loan repayment or prepayment
- Providing collateral for bank guarantees
- Acquisition of construction equipment
- General corporate expenses
Kreo Capital Private Limited is the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar. Badjate Stock and Shares Private Limited is acting as the market maker for the IPO.
Company Overview
Active Infrastructures Limited has a significant presence in the Indian infrastructure sector, executing projects across Maharashtra, Madhya Pradesh, Uttar Pradesh, and Tripura. The company specializes in civil construction, focusing on both public and private sector projects, including roads, bridges, water systems, and commercial developments.
As per the Red Herring Prospectus (RHP), Active Infrastructures Limited’s listed peers include AVP Infracon Ltd, with a price-to-earnings (P/E) ratio of 25.70, and V.L. Infraprojects Ltd, with a P/E ratio of 6.95. Analysts suggest that investor interest will likely increase as the subscription period progresses.
