Current Infraprojects Limited IPO

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Current Infraprojects Limited was originally incorporated as Current Infraprojects Private Limited in Jaipur, Rajasthan on December 31, 2013. It was later converted into a public limited company on March 06, 2025. The company is engaged in infrastructure construction, development, operations, and maintenance, with expertise in EPC (Engineering, Procurement, and Construction) services.

Core Offerings:

i) Solar EPC – End-to-end solar energy solutions for roads, buildings, and renewable projects.
ii) Electrical EPC – Utility shifting, high-voltage transmission lines, and highway lighting solutions.
iii) Water EPC – Large-scale water distribution projects, pipeline and hand-pump installations.
iv) Civil EPC – Building construction, interiors, road infrastructure, road furniture, sewage systems.
v) Engineering Consulting Services – Specialization in Mechanical, Electrical, and Plumbing (MEP) systems.
vi) Project Management Consulting (PMC) – Planning, budgeting, quality assurance, and risk management.

The company also provides hospitality services through a leased property, Yahvi The Farmhouse, located on the outskirts of Jaipur.

Business Operations

The company follows a dual-revenue business model:

a) Government Tender Contracts – Large-scale projects in solar, water, highways, and utilities.

b) Private Contracts – Civil works, interiors, and specialized EPC projects for real estate and corporates.

It has a presence across 12 states in India and executed projects worth ₹23,209.06 Lakhs as of July 31, 2025.
Key project states include Rajasthan, Kerala, Uttar Pradesh, West Bengal, Gujarat, Maharashtra, Tripura, Odisha, and others.

Competitive Strengths

i) Focused EPC Player – Specialization across solar, water, electrical, and civil EPC.
ii) NABL Accredited Lab – In-house quality control for higher reliability.
iii) Strong Order Book – Backed by repeat clients and long-standing relationships.
iv) Experienced Leadership – Promoters and senior management bring decades of expertise.
v) End-to-End Project Capabilities – Comprehensive execution from design to defect liability.

Objects of the Current Infraprojects Limited IPO:

Company proposes to utilize the Net Proceeds towards funding the following objects: 1. Investment in Equity of wholly owned subsidiary (₹5.85 cr) 2. Funding working capital requirements (₹30 cr) 3. General corporate purposes

Current Infraprojects Limited IPO Details:

Open Date: Aug 26 2025
Close Date: Aug 29 2025
Total Shares: 52,25,600
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 41.80 Cr.
Lot Size: 1600 Shares
Issue Price: ₹ 76-80 Per Equity Share
Listing At: NSE Emerge

Promoters And Management:

1. Sunil Singh Gangwar, Promoter, Chairman and Managing Director, holds a B.E. (Electrical) from the University of Rajasthan and has over 32 years of experience in mechanical and electrical works. A former Additional Chief Engineer in PWD, he joined the Company in 2024 and was redesignated as Chairman and Managing Director in March 2025. He oversees EPC contracts, strategy, operations, and government liaison. 2. Devvrath Singh, Promoter and Whole-Time Director, holds a B.E. (Honours) from The University of Queensland, Australia. He earlier worked with Gravita India Limited and has been associated with the Company since incorporation. Redesignated as Whole-Time Director in March 2025, he brings over 12 years of experience in construction management, project planning, and business development. 3. Satyavrat Singh, Promoter and Whole-Time Director, completed his BBA from Jaipur National University in 2021. He joined the Company in 2015 and was redesignated as Whole-Time Director in March 2025. With around 10 years of experience as director, he looks after the administration department of the Company.

Financials of Current Infraprojects Limited IPO:

Particulars FY2024-2025 (Consolidated) FY 2023-2024 (Standalone) FY 2022-2023 (Standalone)
Revenue from Operations 90.88 77.56 60.96
EBITDA 14.74 8.31 3.3
EBITDA Margins 16.23% 10.72% 5.43%
PAT 9.45 5.08 1.49
PAT Margins 10.40% 6.56% 2.45%
ROCE 26.49% 29.66% 16.53%
Debt to Equity Ratio(In Times) 1.29 0.85 0.96
Operating Cash Flows -1.1 -0.98 0.62

Comparison With Peers:

Companies Revenue (in cr) EBITDA Margins PAT Margins ROCE D/E Ratio MCap (in cr) P/E
Current Infraprojects Limited 90.88 16.23% 10..40% 26.49% 1.29 153.18 16.21
K2 Infragen Limited 147 13% 8.16% 17.90% 0.74 81 6.91
HM Electro Mech Limited 122 11% 6.55% 22.40% 0.12 89 10.7
Oriana Power Limited 987 24% 16.10% 42.30% 0.53 4822 30.4
Rulka Electricals Limited 79.47 5.41% 2.80% 12.20% 0.26 54.1 23.9
Kay Cee  Infra Limited 52.97 15.56% 11.11% 30.60% 0.02 434 75.2

Lead Manager of Current Infraprojects Limited IPO:

  1. Holani Consultants Private Limited

Registrar of Current Infraprojects Limited IPO:

  1. Bigshare Services Private Limited

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