Current infraprojects IPO opens today for subscription with strong GMP. Check the price band and other details

Current infraprojects Rs. 41.80 million IPOs will open today for subscription. The issue, fully offered a new offer of 52.25 lakh shares, will be closed on 29 August Gust. The gray market premium (GMP) is about 54%, indicating the possibility of a strong list.

The allocation is likely to finalize September 1, and the stock is expected to be listed on the NSE SME on September 3.

Anchor investors pumped Rs 11.62 crore on this issue by subscribing to 14.52 lakh shares on 25 August Gust.

Price band and flour size

The price band has been fixed at Rs 76-80 per share. Investors can apply for at least 3,200 stocks.

About the company

Founded in 2013, current infraprogacts are an EPC (engineering, procurement and construction) player with operations in 12 Indian states.

It offers turnkey services in solar power, water structure, mechanical and electrical functions, as well as civilian contracts.

The company has paid Rs. 2,320 crore projects have been run and also run a hospitality under the “Yahvi Farmhouse” brand.

Financial and power

For the financial year 25, the company made a profit of Rs 91.33 crore and a profit of Rs 9.45 crore.

Objects of the issue

The use of IPO income is Rs. IIT (ISM) for investment of Rs 85.8585 crore will be done for 1,800 kW solar project in Dhanbad, Rs 30 crore of working capital requirements and general corporate purposes.

Hola’s advisers are the lead manager running the book, while Bigasher services are the registrar.

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