Current Infraprojects IPO

About Current Infraprojects IPO

The IPO of Current Infraprojects Ltd comprises only a fresh issue of up to 52,25,600 equity shares. There’s no offer for sale in this IPO, which is a 100% book-built issue. The price band of the IPO is ₹76 to ₹80 per share and the lot size of the IPO is 1600. It opens on August 26, 2025 and closes on August 29, 2025.

The listing date is September 3, 2025 and the allotment date is on or before September 1, 2025. The credit of shares to the Demat account will take place on or before September 2, 2025, while the initiation of refund will take place on or before September 2, 2025.

Current Infraprojects Ltd is an infrastructure construction, development, operations and maintenance company with expertise across a wide range of services. It specialises in Engineering, Procurement and Construction (EPC) services, offering comprehensive solutions in Solar EPC, Electrical EPC, Water EPC and Civil EPC contracts, which include interior and civil works, as well as road furniture, all on a fixed-sum turnkey basis.

Objectives of Current Infraprojects IPO

The company proposes to utilise the IPO proceeds for:

1. Investment in Equity of its wholly owned subsidiary, Current Infra Dhanbad Solar Private Ltd for setting up 1800 KW solar plant under RESCO Model at Indian Institute of Technology (Indian School of Mines) IIT(ISM), Dhanbad, Jharkhand
2. Funding working capital requirements
3. General corporate purposes

Industry Outlook

India’s high growth imperative in 2023 and beyond will significantly be driven by major strides in key sectors with infrastructure development being a critical force aiding the progress. Infrastructure is a key enabler in helping India become a US $26 trillion economy. Investments in building and upgrading physical infrastructure, especially in synergy with the ease of doing business initiatives, remain pivotal to increase efficiency and costs.

In Interim Budget 2024-25, capital investment outlay for infrastructure has been increased by 11.1% to ₹11.11 lakh crore (US$ 133.86 billion), which would be 3.4 % of GDP. With a 37% increase in the current fiscal year, capital expenditures (capex) are on the rise, which bolsters ongoing infrastructure development and fits with 2027 goals for India's economic growth to become a US$ 5 trillion economy.

In order to anticipate private sector investment and to address employment and consumption in rural India, the budget places a strong emphasis on the development of roads, shipping, and railways.

Company Information

Current Infraprojects Ltd is an infrastructure construction, development, operations and maintenance company with expertise across a wide range of services. It specialises in Engineering, Procurement and Construction (EPC) services, offering comprehensive solutions in Solar EPC, Electrical EPC, Water EPC and Civil EPC contracts, which include interior and civil works, as well as road furniture, all on a fixed-sum turnkey basis. Additionally, it provides specialised Engineering Consulting Services in Mechanical, Electrical and Plumbing (MEP) systems, alongside Project Management Consulting (PMC) services. The company is also adopting the RESCO model to deliver renewable energy solutions on a pay-per-use basis and through long-term agreements.

Strengths of Current Infraprojects IPO

• Focused EPC player
• NABL accreditation quality assurance lab
• Strong order book with repeat orders and long-standing relation with clientele
• Experienced promoters, senior management and team
• End-to-end project management and execution capabilities

Risks of Current Infraprojects IPO

• Business performance and financial stability are highly dependent on the EPC sector
• Delays in project completion may result in contract termination, cost overruns and claims, adversely impacting business and financial performance
• Financial performance depends on winning new projects and avoiding cancellations of awarded projects
• There is no assurance that projects will be completed without defects, which could impact its business and financial condition.
• Business is highly dependent on revenue from top 10 customers, and any reduction could adversely impact financial performance

Anchor Investor Bidding Date

Anchor portion of the IPO opens for bidding on August 25, 2025.

IPO Registrar and Book Running Lead Manager

• IPO Registrar: Bigshare Services Pvt Ltd
• Book Running Lead Manager: Holani Consultants Pvt Ltd

Business Model

Current Infraprojects Ltd offers a comprehensive range of services with a primary focus on Engineering, Procurement, and Construction (EPC) projects, along with Engineering Consulting and Project Management Consulting (PMC).

Within the EPC segment, the company specialises in delivering solar energy solutions, offering end-to-end services for solar installations. This includes the design, procurement and execution of projects, such as solar-powered Road and Building Projects.

The company’s electrical EPC services cover the shifting of utilities and the installation of high-voltage transmission lines as well as highway lighting solutions, ensuring safety and energy efficiency. It also offers water EPC services, managing large-scale water distribution projects, including pipeline installation and hand-pump installations.

In civil EPC, the company provides complete services for building construction, interior design and road infrastructure, including the installation of road furniture like guard rails and bus shelters. Beyond EPC, the company offers engineering consulting in Mechanical, Electrical and Plumbing (MEP), focusing on energy-efficient, sustainable designs for HVAC, electrical and plumbing systems in various sectors including commercial buildings, hospitals and hotels. Its PMC services ensure the successful execution of complex projects from planning and budgeting to quality assurance and risk management.

Company Growth Trajectory

The revenue from operations of Current Infraprojects Ltd grew at a CAGR of 14.24% from ₹60.9610 crores in FY 23 to ₹90.8842 crores in FY 25. Its EBITDA margin grew from 5.43% in FY 23 to 16.23% in FY 25, while PAT margin increased from 2.45% in FY 23 to 10.40% in FY 25. A strong order book coupled with NABL accreditation quality assurance lab has helped the company grow over the years.

Market Position

Current Infraprojects Ltd started its business operations in the state of Rajasthan in the year 2013 and thereafter expanded its operations in the states of Haryana, Punjab, Jharkhand, Maharashtra, Uttar Pradesh, Gujarat etc. It’s currently working in 12 states in India and in the last three financial years, it has executed various projects which includes, solar electrical infrastructure, road infrastructure and civil construction in the state of Tripura, West Bengal, Rajasthan, Uttar Pradesh, Maharashtra, Odissa and Kerala.

How to Check Allotment Status of Current Infraprojects IPO?

1. Visit the Registrar’s Website

• Visit the official website of Bigshare Services Pvt Ltd • Choose IPO Allotment Status from ‘Services’ • Click on any one of the servers • Choose ‘Company Name’ from dropdown • Enter either your application number, CAF number or beneficiary ID • Enter captcha and click on ‘Submit’ to know the status

2. Check on the National Stock Exchange Website

The National Stock Exchange (NSE) has an IPO bid verification module. You can use it to check the status of Current Infraprojects Ltd. Go to NSE website and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.

On the NSE IPO Bid Verification page, enter:

• Company name from dropdown
• Application number
• PAN

Then click 'Submit' to know the allotment status.

How to Apply for the Current Infraprojects IPO?

• Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.