Active Infrastructures IPO: GMP, Price, Date & Details

Active Infrastructures IPO-Complete Overview

Active Infrastructures IPO under the SME IPO category is a book-build issue of Rs.77.83 Cr by Active Infrastructures Limited which was incorporated in 2007 as a civil construction company. This company primarily focuses on infrastructure development and construction in commercial projects.

The company deals with infrastructure projects like roads, bridges, water supply systems, and irrigation on the one hand, and commercial projects like office complexes, retail centers, exhibition halls, and educational institutions on the other.

The company operates throughout India with projects in Maharashtra, Madhya Pradesh, Uttar Pradesh, and Tripura. Their focus on customer satisfaction leads to quality and safety assurance on all completed, ongoing, and future projects.

 

Service Provided

Infrastructure Segment: The company excels in infrastructure, with activities of construction of roads, flyovers, water supply systems, irrigation, and the like. It undertakes the development of heritage sites and tourism projects with assured quality and sustainability.

 Construction of Commercial Project Segment: The company intends to design commercial spaces that fit the needs of the hour and those of businesses and consumers. Projects like RIAAN Tower include modern, sustainable environments that match business development and community interactive purposes.

This Active Infrastructures IPO date is on 21 Mar 2025, and its ‘initial public offering’ will end on 25 Mar 2025.

Active Infrastructures IPO Overview

The Rs.77.83 crore new SME IPO comprises an entirely fresh issue of 43 lac Shares.

This upcoming IPO date is from March 21 to March 25, 2025. Active Infrastructure's share price is Rs.178 to Rs.181 for each Share. 

The expected IPO listing date is Friday, 28 March 2025, and listing at NSE and SME.

Click to open demat account and apply for the IPO.

Company Financial

(Amount in Lac)

Cash Flows

(Amount in lac)

 

Product-wise Revenue Breakdown  

(Amount in lac)

 

Project-wise Revenue Breakdown

(Amount in lac)

 

State-wise Revenue Breakdown

(Amount in lac)

(Source: RHP)

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Repayment or prepayment of certain loans that the business has taken out, as well as margin funds used to get bank guarantees.

• The amount of money spent on buying building equipment.

• Requirements for working capital.

• General corporate purposes.
  
  

Click for the IPO application status check.

 

Peers of Active Infrastructures Ltd.

 

Evaluation

The Active Infrastructures IPO price is Rs.178 to Rs.181 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.8.48 from the last year, the resulting P/E ratio is 21.34x.

Considering the weighted EPS of Rs.7.29 for the last three years, the P/E ratio is 24.83x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 18.01.

In simple words, the P/E ratio of this IPO (21.34x), compared with the industry’s average P/E of 18.01x, has an overvaluation (on a P/E ratio basis only). Hence the price of the Share seems aggressively priced for the investors when considered based on the average P/E ratio of the industry.

 

IPO's Strengths 

• Skilled management group.

•  Standards and quality assurance.

•  Making the best use of available resources.

•  An increase in the order book indicates a noticeable expansion.

 

IPO’s Weaknesses

• The company's entire revenue comes from Maharashtra, Uttar Pradesh, and Madhya Pradesh. Any political, regulatory, or economic unrest in these areas would affect the business's operation and profit.

• A sizable part of revenue comes from government-awarded projects. Hence changes in government policies, election outcomes, delays in payments, or scrutiny by regulatory authorities would have adverse effects on the growth and finances of the company.

• The company is dependent on bank loan financing for working capital needs. Therefore, the inability to raise more funds at favorable terms or defaulting on existing loans could restrict business expansion and disrupt operations.

• The operations of the company are subject to exposure and vulnerability to cyclones, floods, terrorist attacks, and geopolitical instability, which cause financial and operational setbacks.

 

Active Infrastructures IPO GMP

IPO GMP today is Rs.0 as of 19 Mar 2025. Hence, the Active Infrastructures Limited IPO listing price (estimated) is Rs.181.

Active Infrastructures Limited IPO Timetable (Tentative)

The IPO date is from March 21 to March 25, 2025, with allotment on March 26, refund initiation on March 27, and listing on March 28, 2025.

 

Active Infrastructures IPO Details 

The IPO with a Face Value of Rs.5 per share offers a total issue size of 43,00,200 Shares (Rs.77.83 Cr).

IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (600 Shares) amounting to Rs.1,08,600 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (1200 Shares) amounting to Rs.2,17,200.

 

IPO Reservation (% of Net Issue)

 

Promoters And Management of Active Infrastructures Ltd.

• Mr. Sunil Gyanchand Raisoni and Mr. Shreyas Sunil Raisoni

• Shradha Infraprojects Limited and Riaan Diagnostic Private Limited
  
  

 

IPO Lead Managers

• Kreo Capital Private Limited.
  
  

 

Dividend Policy

Rs.1,87,50,928 has been paid as final dividends on 25 July 2024.

 

Conclusion

Active Infrastructures IPO of Rs.77.83 crore from the company is focused on private-public projects on the ground and those at quite a high level. It has shown steady growth but has considerable revenue coming from a few states and government projects. The issue turns out to be slightly overpriced by the P/E ratio compared to the industry figures.

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Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions. The author does NOT through this blog intend to involve readers in any investment or trading activities.