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Active Infrastructures IPO
Price Band
₹178.0–181.0
Issue Size
₹77.83 Cr
Lot Size
600 shares
Min Investment
₹108,600
GMP
+₹1.0 (0.55%)
Issue Price
₹181.0
Subject to Sauda
₹500
Paid only if allotted
Active Infrastructures IPO AI Summary
- Active Infrastructures IPO is listed on NSE SME.
- Price band: ₹178.0–₹181.0 per share, lot size 600 shares (min. investment ₹108,600).
- Subscription window: 21 Mar–25 Mar 2025, listing on 28 Mar 2025.
- Current GMP is +₹1.0 (0.55%), an estimated listing price of ₹182 — unofficial and can change daily.
Active Infrastructures Limited is a civil construction company focusing on infrastructure and commercial projects across India. With a strong management team and a commitment to quality, the company is looking to raise funds through its IPO for various operational needs. Investors should consider the company's financials and market conditions before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Active Infrastructures IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 25 Mar 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Active Infrastructures IPO Grey Market Premium (GMP) Today
GMP
+₹1.0
GMP %
+0.55%
Est. Listing
₹182.0
Updated: 25 Jul 2026 14:30
About the Company
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 (₹ Cr)
As of 2024-09-30
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 97.16 | 107.58 | 98.70 | 126.26 |
| Total Income | 33.90 | 97.43 | 89.59 | 1.11 |
| Profit After Tax | 5.55 | 10.45 | 9.87 | 0.09 |
| NET Worth | 32.51 | 28.84 | 18.45 | 11.04 |
| Reserves and Surplus | 24.81 | 22.02 | 17.63 | 10.37 |
| Total Borrowing | 56.09 | 64.76 | 69.30 | 109.19 |
Key Ratios
EPS
₹9.75
NAV
₹26.91
ROE
36.22%
ROCE
14.90%
RoNW
36.22%
P/B Value
6.73
P/E Ratio
18.57
Market Cap
₹271.77 Cr
PAT Margin
10.75%
Debt/Equity
2.25
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| V.l.infraprojects Limited | 144.82 | 37.31% | 6.95 | 6.63 | 6.63 |
| Avp Infracon Limited | 37.26 | 19.65% | 25.7 | 7.32 | 7.32 |
| Active Infrastructures Limited This IPO | 26.91 | 36.22% | — | 8.48 | 8.48 |
Promoters
Sunil Gyanchand RaisonI, Shreyas Sunil RaisonI, Shradha Infraprojects Ltd. and Riaan Diagnostic Pvt.Ltd.
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 Purposes 14.01 5 Issue expenses 1.07 Total 77.83
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹1.11 Cr in the period ending 31 Mar 2022, rising significantly to ₹89.59 Cr by 31 Mar 2023, and further increasing to ₹97.43 Cr by 31 Mar 2024. However, the most recent figure of ₹33.90 Cr as of 30 Sep 2024 is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹0.09 Cr in the period ending 31 Mar 2022, increasing to ₹9.87 Cr by 31 Mar 2023, and then to ₹10.45 Cr by 31 Mar 2024. The latest figure of ₹5.55 Cr as of 30 Sep 2024 is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Active Infrastructures Limited has an implied P/E of 18.57 at the issue price, compared to peers trading at a P/E range of 6.95 to 25.7.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO. A positive GMP suggests that the stock may list at a higher price than the issue price, while a negative GMP indicates the opposite. It reflects the demand and supply dynamics in the unofficial market before the stock is listed on the exchange.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who prefer stable, low-risk investments may want to avoid IPOs like this, which can be subject to high volatility and uncertain market conditions.
IPO Timeline, Explained
The IPO opens for subscription on March 21, 2025, and closes on March 25, 2025. Allotment of shares will be done on March 26, 2025, and the listing is expected to occur on March 28, 2025.
Listing Gains — The Risk
Listing gains can be unpredictable. While some IPOs may list at a premium, others may not perform as expected on the first day of trading. Investors should be aware of the risks and not solely rely on potential listing gains when making investment decisions.
This evaluation is generated from Active Infrastructures's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Active Infrastructures IPO GMP today?
Active Infrastructures IPO GMP today is +₹1.0 (0.55%), indicating an estimated listing price of ₹182. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Active Infrastructures IPO?
The price band of Active Infrastructures IPO is ₹178.0–₹181.0 per share.
When does Active Infrastructures IPO open and close?
Active Infrastructures IPO opens on 21 March 2025 and closes on 25 March 2025.
When does Active Infrastructures IPO list on the stock exchange?
Active Infrastructures IPO listed on 28 March 2025 at ₹182.0.
What is the lot size for Active Infrastructures IPO?
The lot size for Active Infrastructures IPO is 600 shares, requiring a minimum investment of ₹108,600.
What is the lot size for the Active Infrastructures IPO?
The lot size is 600 shares.
What is the minimum investment required for this IPO?
The minimum investment required is ₹108,600.
What is the price band for the Active Infrastructures IPO?
The price band is ₹178 to ₹181.
When does the Active Infrastructures IPO open and close?
The IPO opens on March 21, 2025, and closes on March 25, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial market trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
21 Mar 2025
Close
25 Mar 2025
Allotment
26 Mar 2025
Listing
28 Mar 2025
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