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Current Infraprojects IPO
Current Infraprojects Ltd
₹1,21,600 /1600 sharesMinimum Investment
Current Infraprojects IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹80.00 | ₹152.00 | ₹72.00 (90.00%) |
Current Infraprojects IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 26 Aug ‘25 - 29 Aug ‘25 | ₹2,43,200 | 1,600 | ₹76 - ₹80 |
| Issue Size | IPO Doc |
|---|---|
| 41.80Cr | RHP PDF |
Subscription rate
As of 29 Aug'25, 04:01 PM
| Qualified Institutional Buyers | 137.34x |
| Non-Institutional Investor | 540.31x |
| Retail Individual Investor | 334.25x |
| Total | 290.91x |
About Current Infraprojects
Founded in
2013
Managing director
Mr. Sunil Singh Gangwar
Parent organisation
Current Infraprojects Ltd
Strengths & Financials of Current Infraprojects
Strengths
Risks
The company is ISO 9001:2015 certified for quality management systems, ISO 14001:2015 certified for environmental management systems, ISO 45001:2018 certified for health and safety management systems, and ISO 50001:2018 certified for energy management systems.
The company claims that its MEC test lab holds accreditation from the National Accreditation Board for Testing & Calibration Laboratories (NABL) under ISO/IEC 17025:2017, with Certificate No. TC-6481.
As of July 31, 2025, the company claimed to have a total order book amounting to Rs 280.51 crore.
The company claims to have worked with major infrastructure firms and government bodies, including the National Highways Authority of India (NHAI) and the Public Works Department (PWD). These collaborations have contributed to its industry experience and improved its ability to deliver projects, it added.
The company claims to have in-house engineering resources for both design and construction work. Its team includes professionals with specialised technical knowledge, enabling the delivery of construction solutions customised according to client requirements, it added.
Over the past few years, the company has logged steady growth in its revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 60.96 crore (standalone) in FY23 to Rs 77.57 crore (standalone) in FY24 and Rs 90.88 crore (consolidated) in FY25. PAT increased from Rs 1.49 crore (standalone) in FY23 to Rs 5.09 crore (standalone) in FY24 and Rs 9.45 crore (consolidated) in FY25.
The company derives a significant portion of its revenue from the EPC sector. It accounted for Rs 88.74 crore (97.64 percent) of the company’s revenue in FY25, Rs 77.15 crore (99.46 percent) in FY24, and Rs 60.23 crore (98.80 percent) in FY23. Any disruption in this segment, including regulatory changes or increased compliance requirements, could adversely affect the company’s operations and finances.
The company's financial performance relies heavily on its ability to secure new projects and retain existing ones. Any failure to win bids or the cancellation of awarded projects could hit its operations and financial condition.
The company’s top 5 customers accounted for Rs 56.67 crore (62.36 percent) of the company’s revenue in FY25, Rs 60.95 crore (78.58 percent) in FY24, and Rs 49.23 crore (80.76 percent) in FY23. Furthermore, the top customer alone accounted for Rs 24.22 crore (26.65 percent) of the company’s revenue in FY25, Rs 33.54 crore (43.24 percent) in FY24, and Rs 27.67 crore (45.39 percent) in FY23. Any loss of any of these key customers, or failure to expand the customer base, could adversely affect the company’s operations and financial position.
The company derives a major portion of its revenue from two states – Rajasthan and Kerala. Rajasthan accounted for Rs 43.69 crore (48.08 percent) of the company’s total revenue in FY25, Rs 10.91 crore (14.07 percent) in FY24, and Rs 15.40 crore (25.26 percent) in FY23. Kerala accounted for Rs 22.55 crore (24.81 percent) of the company’s revenue in FY25, Rs 31.47 crore (40.58 percent) in FY24, and Rs 7.55 crore (12.39 percent) in FY23. Any disruption in the business environment of any of these states could hit the company’s business and finances.
The top 10 suppliers accounted for Rs 28.97 crore (40.36 percent) of the company’s total purchases in FY25, Rs 26.57 crore (40.76 percent) in FY24, and Rs 17.27 crore (36.75 percent) in FY23. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
The company depends on external contractors to complete its projects on time. These contractors accounted for 40.36 percent, 30.50 percent, and 38.36 percent of the total cost of goods sold in FY25, FY24, and FY23, respectively. Any disruption in the completion of the projects or a decline in their performance could adversely affect its operations and finances.
As of FY25, the company had contingent liabilities amounting to Rs 27.97 crore. If any of these contingent liabilities materialise, it could adversely affect the company’s financial condition.
The company has experienced significantly high employee attrition rates over recent financial years, with levels far exceeding industry norms, where an annual attrition rate above 20 percent is generally considered high. It amounted to 57.69 percent in FY25, 88.24 percent in FY24, and 76.47 percent in FY23. Investors should keep a lookout, as continued high turnover may materially impact the company’s operations, financial performance, and long-term prospects.
The company witnessed a sharp increase in its trade receivables. It increased to Rs 28.37 crore in FY25, from Rs 16.49 crore in FY24 and Rs 14.42 crore in FY23. Any failure to collect these receivables on time or at all can negatively impact the business and its financial condition.
The company’s total trade payables amounted to Rs 13.37 crore in FY25, which is a sharp increase from Rs 6.80 crore in FY24. Any delay or default in settling these dues could adversely affect the company’s financial health.
The company reported negative cash flows from operating activities amounting to Rs 1.10 crore in FY25, Rs 0.43 crore in FY24, and Rs 0.26 crore in FY23. Additionally, the company also reported negative cash flows from investing activities amounting to Rs 18.27 crore in FY25, Rs 2.53 crore in FY24, and Rs 1.53 crore in FY23. If cash outflows continue to exceed inflows, the company may face liquidity challenges in the future.
Seasonal fluctuations such as heavy rains, floods, or extreme weather conditions can impact the company’s business operations.
The company, its promoters, and certain directors are involved in ongoing legal proceedings, including some tax-related cases. The company’s business and finances could be negatively impacted in the event of any adverse judgments in any of these cases.
As of July 31, 2025, the company reported total indebtedness of Rs 31.02 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
Current Infraprojects Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Current Infraprojects IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Individual investor | ₹76 - 80 | ₹2 - 5 Lakh |
| Employee | ₹76 - 80 | ₹2 - 5 Lakh |
For Current Infraprojects IPO, eligible investors can apply as Individual investor & Employee.