Active Infrastructures Limited, a leading player in the civil construction sector, is dedicated to shaping the future with excellence and sustainability. The company is offering a fresh issue of 43.00 Lakh equity shares through a Book Built Issue amounting to ₹ 77.83 Crores. The IPO opens on March 21, 2025, and closes on March 25, 2025, with the allotment expected to be finalized by March 26, 2025. The tentative listing date on the NSE SME is set for March 28, 2025.

The Share Price Band for the Active Infrastructures IPO is set at ₹ 178 to ₹ 181 per share, with a lot size of 600 shares. Retail investors must invest a minimum of ₹ 1,08,600, while High-Net-Worth Individuals (HNIs) need to invest at least ₹ 2,17,200. The Market Capitalisation of the company at the upper price band of ₹ 181 per share will be ₹ 271.77 Crores.

The book running lead manager for the IPO is Kreo Capital Private Limited, and BIGSHARE SERVICES PRIVATE LIMITED is the registrar. The company has appointed Badjate Stock & Shares Private Limited as the market maker.

Active Infrastructures IPO Grey Market Premium (GMP)

As of today, the GMP of Active Infrastructures IPO stands at ₹ 0. No significant trading activity has been observed based on the GMP, indicating that there is no real price discovery before the official listing. The GMP is based on market demand and is provided for informational purposes only.

Active Infrastructures IPO Subscription Status

As of 10:30 AM on March 25, 2025, the Active Infrastructures IPO is subscribed 0.92 times on the final day of the subscription period. This means the issue is yet to fully subscribe, indicating moderate investor interest at this point. For real-time updates, you can track the subscription status at NSE SME.

Active Infrastructures IPO Anchor Investors Report

The company raised ₹ 4.43 Crores from anchor investors by allotting 2,44,800 equity shares at ₹ 181 per share. The anchor investors have been allocated shares from the Qualified Institutional Buyers (QIBs) portion, indicating strong institutional interest.

Active Infrastructures IPO Allotment Date and How to Check Allotment Status

The IPO allotment date is scheduled for March 26, 2025. To check the allotment status online, follow these steps:

1. Visit the Registrar’s website on or after March 26, 2025.

2. Select Active Infrastructures Limited IPO from the list of IPOs.

3. Enter your application number, PAN, or DP Client ID.

4. Submit the details to check your allotment status.

Objectives of Active Infrastructures IPO

The net proceeds from the IPO will be utilized for the following purposes:

1. Funding Working Capital Requirements – ₹ 3,898.04 Lakhs

2. Repayment/Prepayment of Borrowings – ₹ 1,672.34 Lakhs

3. Capital Expenditure for Construction Equipment – ₹ 704.80 Lakhs

4. General Corporate Purposes

5. Issue Expenses

Active Infrastructures IPO Financials and Review

Active Infrastructures Limited has reported strong financials, with Revenues from operations increasing from ₹ 110.54 Lakh in 2022 to ₹ 3,389.85 Lakh in 2024. The Profit after Tax (PAT) also shows significant growth from ₹ 8.75 Lakh in 2022 to ₹ 555.19 Lakh in 2024. This consistent growth in revenue and profit showcases the company's strong track record in the civil construction sector.

The company's pre-issue EPS stands at ₹ 8.48, while the post-issue EPS is ₹ 6.96. The P/E ratio for the pre-issue stands at 21.34x, and the post-issue P/E ratio is 26.02x, which is slightly higher than the industry average of 18x. The company's ROE for FY24 is an impressive 36.22%, indicating strong return potential for shareholders.

However, considering the Grey Market Premium of ₹ 0 and the valuation metrics, we recommend that investors exercise caution. The IPO appears to be fully priced, and there may be limited listing gains. We suggest avoiding the Active Infrastructures IPO if you are looking for immediate listing gains.

With the company's robust growth prospects and strong promoter background, this IPO could be a good long-term investment, but the initial valuation may not offer significant short-term gains. Always consult a financial advisor before making any investment decisions.

The Upcoming IPOs in this week and coming weeks are Arisinfra Solutions Limited,Identixweb Limited,Retaggio Industries Limited,Infonative Solutions Limited.

The Current active IPO are ATC Energies System Limited, Shri Ahimsa Naturals Limited,Desco Infratech Limited,Rapid Fleet Management Services, Active Infrastructures Limited.

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