Current Infraprojects IPO lists today. GMP hints at strong debut

Current Infraprojects will make its stock market debut on Wednesday after closing one of the most sought-after SME IPOs of the year. Ahead of its listing on NSE SME, the company’s shares are quoting at a GMP of about 58%, pointing to a healthy debut if trends sustain.

The Rs 42 crore issue, priced at Rs 80 per share, was subscribed a robust 379 times, reflecting robust investor appetite.

Subscription frenzy

The IPO, which ran from August 26 to August 29, attracted bids worth over Rs 13,295 crore against the issue size of just Rs 42 crore. The retail portion was subscribed 396.5 times, while the non-institutional investors (NII) portion saw a massive 640 times subscription. Qualified institutional buyers (QIBs) too participated aggressively, with their quota booked nearly 192 times.Anchor investors had already subscribed to shares worth Rs 11.62 crore. This overwhelming response across categories underscores the strong demand for SME IPOs particularly in the niche EPC and renewable energy plays.

About the company

Current Infraprojects operates in infrastructure and renewable energy with expertise in engineering, procurement, and construction (EPC).Its services cover solar projects, electrical works, water management, and civil contracts, including interiors and road furniture. The company also offers MEP (mechanical, electrical, plumbing) consulting and project management consulting.Also Read: From boAt to Urban Company: Sebi approves 13 IPOs in a week as markets brace for listing deluge

With operations spanning 12 Indian states, the company has completed projects worth over Rs 2,320 crore as of July 2025.

It is also executing an order book valued at Rs 280 crore, giving strong visibility for revenue in the coming years. Beyond EPC, Current Infraprojects also derives income from leasing hospitality property under the brand YAHVI The Farmhouse.

Financial performance

The company reported total income of Rs 91.3 crore and net profit of Rs 9.45 crore in FY25. Margins remain steady, with PAT margin at 10.4% and EBITDA margin at 16.2%. Return ratios are strong, with return on equity at nearly 50% and return on net worth close to 40%, indicating efficient capital use.

IPO proceeds and outlook

Funds from the IPO will be used to invest in a solar project subsidiary, support working capital requirements, and for general corporate purposes.

With a diversified order book, repeat clients, and policy push for renewable energy and infrastructure, the company has growth engines in place. Long-term performance will hinge on execution and financial discipline.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)