Active Infrastructures Limited IPO

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Active Infrastructures Limited operate primarily in two key business verticals:

Infrastructure Development :- Their Company is actively engaged in the execution of infrastructure development projects across India. Their scope of work includes:
i. Construction of roads, bridges, and flyovers                  ii. Development of water supply systems
iii. Execution of irrigation projects                                     iv. Other allied infrastructure-related activities

Their infrastructure vertical is driven by a mission to contribute meaningfully to India’s physical infrastructure growth while ensuring quality, durability, and sustainability in every project we undertake.

Construction of Commercial Projects :- Their expertise in the commercial construction segment includes the development of:
i. Office complexes                                                                  ii. Retail centers
iii. Exhibition halls                                                                 iv. Retail outlets
v. Private educational institutions                                      vi. Other specialized commercial spaces

They provide end-to-end construction solutions from concept to completion, tailored to the evolving needs of institutional and commercial clients.

They have executed and are currently working on projects across multiple geographies in India, with a strong presence in: Maharashtra, Madhya Pradesh, Uttar Pradesh and Tripura. Their pan-India operational capability is backed by a robust foundation of skilled manpower, modern machinery, and technical expertise, enabling them to deliver high-quality projects in a timely and efficient manner.

Objects of the Active Infrastructures Limited IPO:

The Company Active Infrastructures IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: i. Funding Working Capital Requirements of the Company. ii. Repayment/ Prepayment of Certain Borrowings availed by the Company and Margin Money for obtaining Bank Guarantee. iii. Capital expenditure towards purchase of construction equipments. iv. General Corporate Purpose.
DRHP of Active Infrastructures Limited IPO
RHP of Active Infrastructures Limited IPO

Active Infrastructures Limited IPO Details:

Open Date: Mar 21 2025
Close Date: Mar 25 2025
Total Shares: 43,00,200
Face Value: ₹ 5 Per Equity Share
Issue Size: 77.83 Cr.
Lot Size: 600 Shares
Issue Price: ₹ 178 - 181 Per Equity Share
Listing At: NSE Emerge
Listing Date: Mar 28 2025

Promoters And Management:

Nitesh Sanklecha, 45, is the Managing Director of the Company. A Chartered Accountant with a Ph.D. in Commerce & Management, he has 17 years of experience in project management, accounting, and audits, having led several institutional and residential projects across Maharashtra. Chandrakant Waman Waikar, 66, is a Non-Executive, Non-Independent Director of the Company. A Civil Engineering graduate from the University of Bombay, he joined the Board on June 1, 2024. With 43 years of experience in construction, he has worked on thermal power plants, pipelines, commercial buildings, highways, and water treatment projects, and has held senior roles in SMS Limited, Shapoorji Pallonji, and other reputed firms. Shreyas Sunil Raisoni, 29, is the Promoter & Non-Executive, Non-Independent Director of the Company. A Computer Engineering graduate from Savitribai Phule Pune University, he has been on the Board since May 18, 2021. With over 7 years of experience, he has worked with Smart City Garbage Cans, Aquicore, and Airbnb, and is also a Whole-Time Director at Shradha Infraprojects Limited.

Financials of Active Infrastructures Limited IPO:

In Cr.
Particulars Sep 30, 2024 March 31, 2024 March 31, 2023 March 31, 2022
Revenue from Operations 33.67 97.18 89.39 1.10
EBITDA 8.16 17.33 13.06 0.10
EBITDA Margins 24.23% 17.83% 14.61% 9.09%
PAT 5.55 10.44 9.86 0.08
PAT Margins 16.49% 10.75% 11.04% 7.95%
D/E Ratio 1.72 2.24 3.75 9.89
ROCE 7.10% 14.90% 14.84% 0.09%
CFOA 12.93 31.88 18.21 -2.48

Comparison With Peers:

Companies Revenue EBITDA Margins PAT Margins D/E Ratio MCap P/E
Active Infrastructures    (FY 2024) 97.18 Cr. 17.83% 10.75% 2.24 271.77 Cr. 26.03*
AVP Infracon (TTM) 184 Cr. 22% 13% 1.03 388 Cr. 16.30
V.L. Infraprojects (TTM) 114 Cr. 10% 5.26% 0.37 68.10 Cr. 11.10
*Forward PE is 24.48 on the basis of FY 25 PAT.

Recommendation on Active Infrastructures Limited IPO:

Review and Recommendation of Active Infrastructures IPO by team IZ is 3/10.

Lead Manager of Active Infrastructures Limited IPO:

  1. Kreo Capital Private Limited

Registrar of Active Infrastructures Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Active Infrastructures Limited Riaan Tower 10th Floor, Mangalwari Road, Sadar, Sadar Bazar, Nagpur- 440001 Phone: +91 7030002840 Email: investorinfo@activeinfra.in Website: https://activeinfra.in/

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