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Active Infrastructures SME IPO

Active Infrastructures came to market through an SME IPO that opened on 21 March 2025 and closed on 25 March 2025, and the shares listed on 28 March 2025 on NSE SME. The price band was ₹178 to ₹181 per share and one lot was 600 shares, so the minimum application was ₹1,08,600. The issue size was ₹77.83 crore. The whole issue was fresh shares, so the money raised went to the company.

Bigshare Services Pvt Ltd was the registrar to the issue, and Kreo Capital Private Limited was the lead manager.

Issue details

Issue type
Book Built Issue
Price band
₹178 to ₹181
Lot size
600 shares
Minimum investment
₹1,08,600
Face value
₹5 per share
Issue size
₹77.83 crore
Fresh issue
43,00,200 shares (aggregating up to ₹77.83 crore)
Listing at
NSE SME
Registrar
Bigshare Services Pvt Ltd
Lead managers
Kreo Capital Private Limited
Promoter holding before the issue
99.99%
Promoter holding after the issue
71.36%

Timeline

Opens
21 March 2025
Closes
25 March 2025
Allotment
26 March 2025
Listing
28 March 2025

Subscription status by day

Day
1
2
3

About Active Infrastructures

Active Infrastructures Limited is a civil construction firm that was incorporated in 2007. The firm is involved in infrastructure development and construction of commercial projects. The firm deals with infrastructure projects such as roads, bridges, water supply systems, and irrigation, and also builds commercial facilities such as office complexes, retail centers, exhibition halls, and schools. The company has projects spread throughout India in Maharashtra, Madhya Pradesh, Uttar Pradesh, and Tripura.

It emphasizes customer satisfaction with quality and safety in all its completed, ongoing, and future projects. Services: Infrastructure Segment: The company specializes in infrastructure, emphasizing road construction, flyovers, water supply systems, irrigation, and allied activities. It also undertakes heritage site development and tourism projects while ensuring quality and sustainability. Construction of Commercial Project Segment: The company is dedicated to developing commercial spaces that address changing business and consumer requirements.

Major projects such as RIAAN Tower provide contemporary, sustainable settings, facilitating business development and community interaction. As of March 13, 2025, the company has 53 permanent and 150 - 160 contractual staff.

As described in the offer document.

Objects of the issue

  • Funding Working Capital Requirements of the Company.
  • Repayment/ Prepayment of Certain Borrowings availed by the Company and Margin Money for obtaining Bank Guarantee.
  • Capital expenditure towards purchase of construction equipments
  • General Corporate Purpose

Listed peers

Active Infrastructures Limited
RoNW 36.22%
Avp Infracon Limited
RoNW 19.65%
V.l.infraprojects Limited
RoNW 37.31%

Promoters

Mr. Sunil Gyanchand RaisonI, Mr. Shreyas Sunil RaisonI, Shradha Infraprojects Limited, Riaan Diagnostic Private Limited. Promoter holding 99.99% before the issue and 71.36% after.

Application sizes

Retail (min)
1 lot, 600 shares, ₹1,08,600
Retail(max)
1 lot, 600 shares, ₹1,08,600
NII (min)
2 lots, 1200 shares, ₹2,17,200

Valuation

EPS Pre IPO
₹9.75
EPS Post IPO
₹7.40
P/E Pre IPO
18.57
P/E Post IPO
24.48
ROE
36.22%
ROCE
14.90%
RoNW
36.22%
Debt/Equity
2.25
Price/Book
6.73

Registrar and allotment status

Registrar
Bigshare Services Pvt Ltd
Allotment status
https://ipo.bigshareonline.com/ipo_status.html
Phone
+91-22-6263 8200
Email
ipo@bigshareonline.com

Work out the listing gain for this SME IPO

How allotment works

If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.

The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.

Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.

What happens on listing day

Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.

For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.

Questions about the Active Infrastructures SME IPO

What is Active Infrastructures IPO?

Active Infrastructures IPO was a ₹77.83 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹178–₹181 per share with a lot size of 600 shares (₹1,08,600). The IPO was open from March 21 to March 25, 2025. Shares listed on NSE SME on March 28, 2025 at ₹181, in line with the issue price of ₹181. Bigshare Services Pvt Ltd is the registrar. Kreo Capital Private Limited is the book running lead manager.

What is the price band of Active Infrastructures IPO?

The price band of Active Infrastructures IPO is ₹178 to ₹181 per share.

What is the lot size of Active Infrastructures IPO?

The lot size of Active Infrastructures IPO is 600 shares.

What is the minimum investment for Active Infrastructures IPO?

The minimum investment for Active Infrastructures IPO is approximately ₹1,08,600 based on the upper price band.

What is the allotment date of Active Infrastructures IPO?

The allotment date of Active Infrastructures IPO is Mar 26, 2025.

How to check Active Infrastructures IPO allotment status?

You can check Active Infrastructures IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Active Infrastructures IPO allotment status on Rupix for quick and easy access.

What was the price band of the Active Infrastructures SME IPO?

₹178 to ₹181 per share, against a face value of ₹5. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.

What was the lot size of the Active Infrastructures SME IPO?

One lot was 600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,08,600. After listing, SME shares also trade in lots rather than one share at a time.

What was the minimum investment in the Active Infrastructures SME IPO?

₹1,08,600, for one lot of 600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.

When did the Active Infrastructures SME IPO open and close?

It opened on 21 March 2025 and closed on 25 March 2025.

When was the allotment of the Active Infrastructures SME IPO?

The basis of allotment was published on 26 March 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.

When did Active Infrastructures list on NSE SME?

The shares listed on 28 March 2025 on NSE SME.

How large was the Active Infrastructures SME IPO?

The issue size was ₹77.83 crore. The fresh issue was 43,00,200 shares (aggregating up to ₹77.83 crore).