Advertisement
Current Infraprojects Limited, an infrastructure and EPC service provider, is set to launch its Initial Public Offering (IPO) on Tuesday, August 26, 2025, to raise approximately INR 41.80 crore. The company proposes to list on the NSE Emerge platform, a move that capitalizes on a specialized market for small and medium-sized enterprises. The net proceeds from the IPO will be primarily used to fund a 1800 KW solar plant at IIT (Indian School of Mines), Dhanbad, under the RESCO business model, and to meet working capital requirements for its diverse portfolio of projects.
Current Infraprojects Limited, an infrastructure construction and EPC service provider, is preparing to launch its Initial Public Offering (IPO) on August 26, 2025. The company aims to raise approximately INR 41.80 crore to fund its expansion into the renewable energy sector and support its working capital needs. Advertisement
The IPO, which is scheduled to close on August 29, will consist of 52,25,600 equity shares with a face value of INR 10 each. The company has set a price band of INR 76 to INR 80 per share. The shares are slated to be listed on the NSE Emerge platform, which is specifically designed to facilitate the fundraising of small and medium-sized enterprises (SMEs) by providing a simplified and less-restrictive route to the public markets.
A significant portion of the IPO proceeds will be utilized for a key strategic investment. The company plans to invest in its wholly owned subsidiary, Current Infra Dhanbad Solar Private Limited, to establish a 1800 KW solar plant at the prestigious Indian Institute of Technology (Indian School of Mines), IIT (ISM), in Dhanbad, Jharkhand. This project will be executed under the RESCO (Renewable Energy Service Company) model, a business model where a third-party, like Current Infraprojects, owns and operates the solar plant and sells the electricity generated at a pre-determined tariff, allowing the customer to benefit from clean energy without the upfront investment.
Mr. Sunil Singh Gangwar, Chairman and Managing Director of Current Infraprojects Limited, expressed his optimism about the IPO, stating that it marks a "defining opportunity to accelerate... growth and strengthen our position in the infrastructure and renewable energy sectors." He highlighted the company's three decades of experience and its diversified portfolio across solar, electrical, water, and civil EPC projects.
Mr. Ashok Holani, Director of Holani Consultants Private Limited, the Book Running Lead Manager for the issue, also commented on the company's potential, noting its robust order book and its preparedness for the next phase of growth. The IPO is expected to enable the company to take on larger infrastructure opportunities, aligning with India's long-term push for sustainable infrastructure and renewable energy expansion.
Source: PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
