New Delhi, Mar 28 (KNN) Civil construction firm Active Infrastructures made its initial public offering (IPO) debut on the NSE SME platform, with shares listing at Rs 181 per share—precisely matching the issue price.
The listing closely aligned with grey market expectations, where pre-listing estimates had suggested a marginal premium of Rs 1 or 0.55 percent over the issue price.
The public offering consisted of a fresh issue of 4.30 million equity shares, aggregating to Rs 77.83 crore. Prior to the public listing, the company successfully raised Rs 4.43 crore from anchor investors during the bidding period concluded on March 20, 2025.
The public issue was open for subscription from March 21 to March 25, 2025, with a price band of Rs 178 to Rs 181 and a lot size of 600 shares.
The IPO demonstrated robust investor interest, oversubscribing by nearly 1.05 times. The company finalized the share allotment on March 26, 2025, maintaining the issue price at Rs 181 per share.
Proceeds from the offering are earmarked for multiple strategic purposes, including working capital requirements, repayment of existing borrowings, obtaining bank guarantees, purchasing construction equipment, and general corporate expenditures.
Founded in 2007, Active Infrastructures has established itself as a comprehensive civil construction company specializing in infrastructure development across India.
The company’s operational portfolio encompasses road construction, flyover projects, water supply systems, and commercial space development, with a presence in multiple states including Maharashtra, Madhya Pradesh, Uttar Pradesh, and Tripura.
The company’s financial trajectory reveals a mixed performance in fiscal year 2024. Revenue from operations increased by 8.7 percent, rising from Rs 89.4 crore in FY23 to Rs 97.2 crore in FY24.
However, the profit attributable to parent company owners experienced a decline of 7 percent, dropping from Rs 9.77 crore in FY23 to Rs 9.08 crore in FY24. Total expenses also witnessed an uptick of 9.1 percent, escalating from Rs 76.39 crore to Rs 83.36 crore.
Bigshare Services has been appointed as the registrar, with Kreo Capital serving as the sole book-running lead manager for this IPO, underlining the structured approach to the company’s market entry.
(KNN Bureau)
