Active Infrastructures IPO Subscription Status and Updates

The Active Infrastructures IPO received a lukewarm response from investors, with a subscription of 0.2x by the end of Day 1. The company is offering shares in a price band of Rs 178 to Rs 181 per share, with a minimum lot size of 600 shares. The Rs 77.83 crore IPO consists entirely of fresh issue shares. Stay tuned for the latest updates on the Active Infrastructures IPO subscription status as the offering progresses."

Active Infrastructures IPO Subscription Status - Day 1

By the end of Day 1, the Active Infrastructures IPO had an overall subscription of 0.2x. The retail category was subscribed at 0.17x, while Non-Institutional Investors (NIIs) subscribed at 0.16x. Qualified Institutional Buyers (QIBs) subscribed at 1x

Company Overview of Active Infrastructures IPO 

Active Infrastructures is an Indian company primarily engaged in two main segments: infrastructure and the construction of commercial projects. In the infrastructure segment, the company focuses on constructing roads (including bridges), flyovers, water supply systems, irrigation projects, and other related infrastructure activities. In the commercial projects segment, Active Infrastructures builds a variety of facilities, including office complexes, retail centers, retail outlets, exhibition halls, and private educational institutions.

The company operates on an all-India basis with completed, ongoing, and upcoming projects in the states of Maharashtra, Madhya Pradesh, Uttar Pradesh, and Tripura. It is able to achieve customer satisfaction in all of its projects without any compromise on quality and safety. The manpower, machinery and equipment, resources, along with the engineering capabilities help the company to strategically position itself to meet the demands in the market. This is helping Active Infrastructures uphold innovation, quality, and client-centered values. 

Strengths of Active Infrastructures IPO

• Active Infrastructures has an experienced management team, led by individual and corporate promoters with over 25 years of expertise, driving operational and financial growth through strategic vision, strong internal systems, and qualified engineers, positioning the company for success in the construction sector. 

• The company ensures high-quality infrastructure and commercial projects through strict quality standards, careful material selection, and safe designs, giving itself a competitive edge through which it is able to gain strong client trust. 

• The company focuses on optimizing resource utilization through continuous process improvement, employee skill enhancement, and modernization of machinery. By regularly monitoring operations, identifying bottlenecks, and implementing corrective measures, it ensures smooth, efficient, and effective execution.

• The company has a growing order book, a key indicator of future performance, that reflects their strategic project selection, strong client alliances, and high-quality construction, with ongoing projects across multiple states, including a Rs 7,000 lakh highway project, driving the company’s growth and market expansion.

Risks of Active Infrastructures IPO 

• Dependency on Government Projects: A significant portion of our business relies on government-awarded projects, exposing us to various operational and financial risks.

• Risk of Project Termination: If any project is terminated prematurely, we may not receive pending payments, adversely affecting our financial condition and operations.

• Joint Venture Compliance: Our joint venture agreement requires strict adherence, and any non-compliance could result in adverse actions by the government or concessioning authorities.

• Labour Availability Challenges: Our operations depend on a large workforce of skilled and unskilled laborers, and shortages or work stoppages could disrupt business activities.

• Impact of Parent Company’s Market Performance: As our holding company, Shradha Infraprojects Limited is publicly listed, fluctuations in its share price could impact our business.

Active Infrastructures IPO Financial Overview

• Revenue Growth: Revenue from operations increased significantly from Rs 1.10 Cr in FY22 to Rs 89.40 Cr in FY23 and further to Rs 97.18 Cr in FY24. However, for the period ending Sep 31, 2024, it stands at Rs 33.67 Cr.

• Profitability: Profit After Tax (PAT) improved from Rs 0.0875 Cr in FY22 to Rs 9.87 Cr in FY23 and Rs 10.45 Cr in FY24, with Rs 5.55 Cr recorded for the six-month period in 2024.

• Profit Margins: PAT Margin fluctuated, rising from 7.95% in FY22 to 11.04% in FY23, but declined to 10.75% in FY24. The PAT Margin for Sep 2024 stands at 16.49%.

• EBITDA Growth: EBITDA surged from Rs 0.1073 Cr in FY22 to Rs 13.06 Cr in FY23 and Rs 17.33 Cr in FY24. For Sep 2024, EBITDA is Rs 8.17 Cr.

• EBITDA Margin: EBITDA Margin improved over the years, rising from 9.74% in FY22 to 14.61% in FY23 and 17.83% in FY24. The margin for Sep 2024 is notably higher at 24.25%.

• Return on Equity (ROE): ROE increased from 0.79% in FY22 to 53.49% in FY23 but declined to 36.22% in FY24. For Sep 2024, it stands at 17.08%.

• Return on Capital Employed (ROCE): ROCE rose from 0.09% in FY22 to 14.84% in FY23 and 14.90% in FY24. However, for Sep 2024, it stands at 7.10%.

Active Infrastructures IPO Details

• IPO Date: March 21, 2025 to March 25, 2025

• Issue Price: Rs 178 - Rs 181 per share

• Lot Size: 600 shares

• Total Issue Size: 43,00,200 shares (amounting to Rs.77.83 Cr)

• Fresh Issue: 43,00,200 shares (amounting to Rs.77.83 Cr)

• Allotment Date: March 26, 2025

• Listing Date: March 28, 2025

How to Apply for Active Infrastructures IPO

• Visit the Rupeezy app or Rupezy DOCK.

• Navigate to the IPO section on the Home Page

• Here, you can view all the IPOs with details such as market lot, minimum bid quantity, price range, and analysis.

• You can read the Red Herring Prospectus for the issue details.

• Click on Apply.

• Enter UPI ID for payment & place the bid.

• While placing the bid, enter the cutoff price or desired price in the range specified. Select quantity as per lot size. 

• Submit to complete the order.