Active Infrastructures IPO Details

Bookbuilding IPO | ₹78 Cr | Listed at NSE SME | Fri, Mar 21, 2025 - Tue, Mar 25, 2025

Active Infrastructures IPO Logo

Active Infrastructures IPO is a book build issue of ₹77.83 crores. The issue is entirely a fresh issue of 0.43 crore shares of ₹77.83 crore.

Active Infrastructures IPO bidding started from Mar 21, 2025 and ended on Mar 25, 2025. The allotment for Active Infrastructures IPO was finalized on Mar 26, 2025. The shares got listed on NSE SME on Mar 28, 2025.

Active Infrastructures IPO price band is set at ₹181 per share. The lot size for an application is 600. The minimum amount of investment required by an retail is ₹1,08,600 (600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,200 shares), amounting to ₹2,17,200.

Kreo Capital Pvt.Ltd. was the book running lead manager and Bigshare Services Pvt.Ltd. was the registrar of the issue. The Market Maker of the company is Badjate Stock & Shares Pvt.Ltd..

Refer to Active Infrastructures IPO RHP for detailed Information.

IPO Open

Fri, Mar 21, 2025

IPO Close

Tue, Mar 25, 2025

Issue Price

₹181 per share

Market Cap (Pre-IPO)

₹271.77 Cr

IPO Details

IPO Date21 to 25 Mar, 2025
Listed onFri, Mar 28, 2025
Face Value5 per share
Price Band₹178 to ₹181
Issue Price₹181 per share
Lot Size600 Shares
Sale TypeFresh capital only
Issue TypeBookbuilding IPO
Listing AtNSE SME

Total Issue Size43,00,200 shares
(agg. up to ₹78 Cr)
Reserved for Market Maker
2,16,000 shares
(agg. up to ₹4 Cr)
Badjate Stock & Shares Pvt.Ltd.
Fresh Issue
(Ex Market Maker)
40,84,200 shares
(agg. up to ₹74 Cr)
Net Offered to Public40,84,200 shares
(agg. up to ₹74 Cr)
Share Holding Pre Issue1,07,14,816 shares
Share Holding Post Issue1,50,15,016 shares
NSE Symbol ACTIVEINFR
ISININE0KLO01025

IPO Timetable

Issue Reservation

Active Infrastructures IPO comprises a total issue size of 43,00,200 shares. The net offer to the public is 40,84,200 shares, after excluding 2,16,000 shares allotted on a firm basis. Of the Net offer 4,08,600 (10.00%) are allocated to QIB, 16,33,200 (39.99%) allocated to NII 20,42,400 (50.01%) allocated to RII.

Investor Category Shares Offered % of Net Issue% of Total Issue
QIB Shares Offered 4,08,60010.00%9.50%
  − Anchor Investor Shares Offered 2,44,8005.69%
  − QIB (Ex. Anchor) Shares Offered 1,63,8003.81%
NII (HNI) Shares Offered 16,33,20039.99%37.98%
Retail Shares Offered 20,42,40050.01%47.50%
Firm Reservations
Market Maker Shares Offered 2,16,0005.02%
Total Shares Offered 43,00,200100.00%100.00%

IPO Lot Size

Investors can bid for a minimum of 600 shares and in multiples thereof. 

Application Lots Shares Amount
Retail (Min) 1 600 ₹1,08,600
Retail (Max) 1 600 ₹1,08,600
HNI (Min) 2 1,200 ₹2,17,200
IPO Subscription Details

IPO Anchor Investors

Active Infrastructures IPO raises ₹4.43 crore from anchor investors. Active Infrastructures IPO Anchor bid date is March 20, 2025.
📝 Anchor Investors Letter (PDF)

Bid DateThu, Mar 20, 2025
Shares Offered2,44,800
Anchor Portion (₹ Cr.)4.43
Anchor lock-in period end date for 50% shares (30 Days)Fri, Apr 25, 2025
Anchor lock-in period end date for remaining shares (90 Days)Tue, Jun 24, 2025

About Active Infrastructures Ltd.

Incorporated in 2007, Active Infrastructures Limited is a civil construction company. The company specializes in infrastructure development and commercial project construction.

The company focuses on infrastructure projects like roads, bridges, water supply systems, and irrigation, while also constructing commercial spaces such as office complexes, retail centers, exhibition halls, and educational institutions.

The company operates across India, with projects in Maharashtra, Madhya Pradesh, Uttar Pradesh, and Tripura. It focuses on customer satisfaction, ensuring quality and safety in all completed, ongoing, and upcoming projects.

Services:
  • Infrastructure Segment: The company excels in infrastructure, focusing on road construction, flyovers, water supply systems, irrigation, and related activities. It also manages heritage site development and tourism projects, ensuring quality and sustainability.
  • Construction of Commercial Project Segment: The company focuses on creating commercial spaces that meet evolving business and consumer needs. Key projects like RIAAN Tower offer modern, sustainable environments, supporting business growth and community engagement.

As of March 13, 2025, the company has 53 permanent and 150 - 160 contractual employees.

Competitive Strengths:

  • Experienced Management Team
  • Quality Assurance and Standards
  • Optimal Utilization of Resources
  • Visible growth through increasing order book

Company Financials (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets97.16107.5898.70126.26
Total Income33.9097.4389.591.11
Profit After Tax5.5510.459.870.09
NET Worth32.5128.8418.4511.04
Reserves and Surplus24.8122.0217.6310.37
Total Borrowing56.0964.7669.30109.19
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Funding Working Capital Requirements of the Company. 38.98
2 Repayment/ Prepayment of Certain Borrowings availed by the Company and Margin Money for obtaining Bank Guarantee. 16.72
3 Capital expenditure towards purchase of construction equipments 7.05
4 General Corporate Purpose 14.01

Key Performance Indicator (KPI)

Pre IPOPost IPO
EPS (₹)9.757.40
P/E (x)18.5724.48
Promoter Holding99.99%71.36%
Market Cap271.77 Cr.
Mr. Sunil Gyanchand RaisonI and Mr. Shreyas Sunil RaisonI, Shradha Infraprojects Limited and Riaan Diagnostic Private Limited are the promoters of the company.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 available in RHP.

IPO Review

[Dilip Davda]
AIL is engaged in infrastructure and commercial projects related construction activities and services. After gaining grounds for FY23, it posted almost static top and bottom lines for the last two fiscals with inflated profits to pave the way for fancy valuations. The first half financial performance indicates degrowth in its top line. Small equity base post-IPO indicates longer gestation period for migration. Based on its recent super earnings, the issue appears aggressively priced. It has on hand orders worth Rs. 345+ cr. currently. Well-informed investors may park moderate funds for long term in this dividend paying company.
Read detail review...

Active Infrastructures IPO Recommendations

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Members0000

Active Infrastructures IPO Subscription Status (Bidding Detail)

The Active Infrastructures IPO is subscribed 1.05 times on March 25, 2025 6:19:00 PM (Day 3). The public issue subscribed 0.57 times in the retail category, 1 times in the QIB category, and 1.66 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)Shares OfferedShares bid forTotal Application
QIB11,63,8001,63,8002
NII*1.6616,33,20027,10,800103
Retail0.5720,42,40011,73,0001,955
Total1.0538,39,40040,47,6002,061

Total Application : 2,061

*Market Maker portion is not included to NII/HNI.

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 Lead manager(s) fees including underwriting commission 0.29
2 Brokerage, selling commission and upload fees 0.01
3 Registrar to the Issue 0.01
4 Legal Advisors 0.07
5 Advertising and marketing expenses 0.49
6 Regulators including stock exchanges 0.10
7 Printing and distribution of Issue stationary 0.01
8 Others, if any including Market Maker, Monitoring Agency & Concurrent Auditor etc. 0.11

Listing Day Trading Information

Price DetailsNSE SME
Final Issue Price181.00
Open181.00
Low171.95
High181.40
Last Trade175.60

Check IPO Performance…

IPO Registrar

Bigshare Services Pvt.Ltd.

Contact Details

Active Infrastructures Ltd. Address
Riaan Tower 10th Floor,
Mangalwari Road, Sadar,
Sadar Bazar
Nagpur, Maharashtra, 440001
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IPO FAQs

Active Infrastructures IPO is a SME IPO of 43,00,200 equity shares of the face value of ₹5 aggregating up to ₹78 Crores. The issue is priced at ₹181 per share. The minimum order quantity is 600.

The IPO opens on Fri, Mar 21, 2025, and closes on Tue, Mar 25, 2025.

Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Active Infrastructures IPO using UPI as a payment gateway. Zerodha customers can apply in Active Infrastructures IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Active Infrastructures IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Active Infrastructures IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Active Infrastructures IPO opens on Fri, Mar 21, 2025 and closes on Tue, Mar 25, 2025.

Active Infrastructures IPO lot size is 600, and the minimum amount required for application is ₹1,08,600.

You can apply in Active Infrastructures IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Active Infrastructures IPO will be done on Wednesday, March 26, 2025, and the allotted shares will be credited to your demat account by Thu, Mar 27, 2025. Check the Active Infrastructures IPO allotment status.

The Active Infrastructures IPO listing date is on Fri, Mar 28, 2025.

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