Subscription opens for Active Infrastructures IPO

The Initial Public Offering (IPO) of civil construction company Active Infrastructures Limited opens for public subscription today, March 21, 2025. It will be listed on the National Stock Exchange Small and Medium Enterprises (NSE SME) platform, Emerge. The company aims to raise ₹77.83 crores at the upper price band. Prior to the IPO opening, Active Infrastructures secured ₹4.43 crores from anchor investors during the bidding concluded on March 20, 2025.

Active Infrastructures IPO structure

The IPO consists entirely of a fresh issue of 43 lakh equity shares. This means that all funds raised will be directed towards the company's growth and expansion plans.

1. Price band: ₹178-181 per share
2. Lot size: 600 shares per lot
3. Minimum investment: 

• A minimum of one lot (600 shares), amounting to ₹1,08,600, can be applied for by retail investors.
• High Net-worth Individuals (HNIs) can bid for at least two lots (1,200 shares), requiring a minimum investment of ₹2,17,200.

Active Infrastructures IPO subscription and listing dates

Here are the key dates for the Active Infrastructures IPO, including the subscription period, allotment, and listing schedule.

• IPO open date: March 21, 2025
• IPO close date: March 25, 2025
• Allotment date: Expected on March 26, 2025
• Credit of shares: March 27, 2025
• Listing date: March 28, 2025

Investors looking to participate can apply for the IPO online through authorised platforms before the subscription window closes.

Active Infrastructures IPO registrar and lead manager

The management and processing of the Active Infrastructures IPO are handled by its registrar and lead manager, ensuring a smooth subscription process.

• Registrar: Bigshare Services Private Limited
• Lead Manager: Kreo Capital Private Limited

The objective of Active Infrastructures IPO

The company aims to allocate the IPO proceeds for:

• Funding working capital requirements
• Repayment/prepayment of specific borrowings
• Margin money for bank guarantees
• Capital expenditure for construction equipment purchase
• General corporate purposes

Financial performance of Active Infrastructures

Active Infrastructures has shown steady growth in revenue but a decline in profits:

• Revenue: Increased by 8.7% from ₹89.4 crores in FY23 to ₹97.2 crores in FY24.
• Profit after tax: Declined by 7% from ₹9.77 crores in FY23 to ₹9.08 crores in FY24.
• Total expenses: Increased by 9.1% from ₹76.39 crores in FY23 to ₹83.36 crores in FY24.

About Active Infrastructures

Active Infrastructures operates in two key sectors:

• Infrastructure development: Road construction, flyovers, water supply systems, and irrigation projects.
• Commercial construction: Office complexes, retail centres, exhibition halls, educational institutions, and more.

The company has a presence across Maharashtra, Madhya Pradesh, Uttar Pradesh, and Tripura, with multiple active and upcoming projects.

How to apply for Active Infrastructures IPO

Interested investors can apply for the IPO online through authorised trading platforms or banks facilitating IPO applications. Ensure to complete the application before the subscription closes on March 25, 2025.

With a strong presence in infrastructure and commercial construction, Active Infrastructures' IPO offers an opportunity for investors looking to enter this growing sector.