Infrastructure and renewable energy firm Current Infraprojects has completed the allotment process for its SME IPO today, September 1, 2025, following an overwhelming subscription response. The ₹41.80 crore public issue, which was open from August 26 to August 29, saw a staggering overall subscription of 379.44 times, with the retail portion booked 396.50 times and the non-institutional investor (NII) category oversubscribed by 640.48 times.
The IPO consisted entirely of a fresh issue of 5.2 million equity shares in a price band of ₹76–₹80 per share. With strong demand across investor categories and a robust grey market premium (GMP), market watchers anticipate a bumper listing on the NSE SME platform scheduled for September 3, 2025.
🧭 Current Infraprojects IPO Snapshot
| Parameter | Details |
|---|---|
| Issue Type | SME IPO (Fresh Issue Only) |
| Issue Size | ₹41.80 crore |
| Price Band | ₹76–₹80 per share |
| Lot Size | 1,600 shares |
| Subscription Dates | August 26–29, 2025 |
| Allotment Finalization Date | September 1, 2025 |
| Refund Initiation Date | September 2, 2025 |
| Credit to Demat Accounts | September 2, 2025 |
| Listing Date | September 3, 2025 |
| Registrar | Bigshare Services Pvt. Ltd. |
| Lead Manager | Holani Consultants Pvt. Ltd. |
The IPO proceeds will be used to fund a 1,800 KW solar plant under the RESCO model at IIT (ISM), Dhanbad, and to meet working capital and general corporate requirements.
🔍 Subscription Breakdown by Investor Category
| Investor Category | Day 1 | Day 2 | Day 3 | Final Subscription |
|---|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 0.43x | 9.91x | 191.77x | 191.77x |
| Non-Institutional Investors (NII) | 5.43x | 23.34x | 640.48x | 640.48x |
| Retail Individual Investors (RII) | 2.44x | 36.39x | 396.50x | 396.50x |
| Total | 2.51x | 25.33x | 379.44x | 379.44x |
The IPO’s massive oversubscription reflects strong investor confidence in the company’s EPC capabilities and renewable energy focus.
📉 Grey Market Premium (GMP) and Expected Listing Price
Current Infraprojects’ shares are trading at a robust premium in the grey market. As of September 1, the GMP stood at ₹41–₹45 per share, translating to a 51.25%–56.25% premium over the upper price band of ₹80.
| GMP Trend Date | GMP (₹) | Premium Over Issue Price (%) | Estimated Listing Price (₹) |
|---|---|---|---|
| August 28, 2025 | ₹45 | 56.25% | ₹125 |
| August 29, 2025 | ₹41 | 51.25% | ₹121 |
| September 1, 2025 | ₹40 | 50.00% | ₹120 |
While GMP is unofficial and unregulated, it remains a popular sentiment indicator among retail investors.
🔥 How to Check IPO Allotment Status
Investors who applied for the IPO can check their allotment status through multiple platforms:
| Platform | Steps to Check Allotment Status |
|---|---|
| Bigshare Services | Visit Bigshare IPO Allotment Page, select IPO name, enter PAN/Application/Demat details |
| NSE India | Visit NSE IPO Allotment Page, log in with PAN, check IPO status |
| IPOwiz App | Download app, enter PAN, view allotment under saved IPOs |
| Demat Account | Log in to broker account, check credited shares |
| Bank Account | Check for debit/refund of IPO amount |
Successful bidders will see shares credited to their demat accounts by September 2, while refunds for non-allottees will also be processed on the same day.
🧠 Company Overview and Business Model
Founded in 2013, Current Infraprojects specializes in Engineering, Procurement, and Construction (EPC) services across solar, electrical, water, and civil infrastructure. The company also offers Project Management Consulting (PMC) and Mechanical, Electrical, and Plumbing (MEP) solutions.
| Segment | Services Offered | Strategic Focus |
|---|---|---|
| Solar EPC | Turnkey solar projects under RESCO model | IIT Dhanbad solar plant |
| Electrical EPC | Substations, transmission lines | Urban infrastructure |
| Water EPC | Pipelines, treatment plants | Smart city projects |
| Civil EPC | Interior works, road furniture | Public works contracts |
| Consulting Services | MEP, PMC, NABL-accredited QA lab | Quality assurance and compliance |
The company’s strong order book and repeat clientele are key strengths cited in its IPO prospectus.
📦 Listing Outlook and Investor Sentiment
With a strong GMP and record-breaking subscription, analysts expect a positive listing for Current Infraprojects on the NSE SME platform. The listing is scheduled for Wednesday, September 3, 2025.
| Indicator | Status / Forecast |
|---|---|
| GMP | ₹40–₹45 |
| Estimated Listing Price | ₹120–₹125 |
| Listing Date | September 3, 2025 |
| Sentiment | Bullish |
| Post-Listing Strategy | Watch for volatility, assess fundamentals |
Investors are advised to monitor listing-day volatility and evaluate long-term fundamentals before making trading decisions.
📌 Conclusion
Current Infraprojects has successfully closed its IPO allotment process today after a record 379x subscription, with strong grey market signals pointing to a premium listing. As shares prepare to debut on the NSE SME platform, investor enthusiasm remains high, driven by the company’s EPC expertise and renewable energy focus. With allotment status now accessible and GMP holding firm, all eyes are on September 3 for the listing bell to ring.
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Disclaimer: This article is based on publicly available IPO data and market reports as of September 2, 2025. It is intended for informational purposes only and does not constitute financial, legal, or investment advice.
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