Active Infrastructures IPO - Day 3 Subscription at 0.94 Times

Active Infrastructures' initial public offering (IPO) has shown strong progress through its three-day subscription period. The ₹77.83 crore IPO has witnessed steady growth in demand, with subscription rates advancing from 0.20 times on day one, improving to 0.63 times on day two, and reaching 0.94 times by 10:40 AM on the final day, demonstrating significant investor interest in this civil construction company that specializes in infrastructure development and commercial project construction.

Active Infrastructures IPO's qualified institutional buyers segment leads with an impressive 7.15 times subscription, while non-institutional investors approach full subscription at 0.96 times and retail investors show moderate interest at 0.43 times, reflecting a particularly strong institutional confidence in this company that operates across India with projects in Maharashtra, Madhya Pradesh, Uttar Pradesh, and Tripura.

Subscription Status of Active Infrastructures IPO:

Here are the subscription details for Active Infrastructures IPO as of Day 3:

Note:
 

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portions of anchor investors and market maker are not included in the total shares offered.

Active Infrastructures IPO - Day 3 Subscription

Key Highlights:

• Overall subscription approaching full subscription at 0.94 times, showing strong investor interest
• QIB segment maintaining exceptional 7.15 times oversubscription, demonstrating strong institutional confidence
• NII segment nearing full subscription at 0.96 times, showing significant improvement from day two
• Retail investors showing moderate interest at 0.43 times, with incremental growth from previous days
• Total applications reaching 1,523, including 1,447 from retail investors
• Cumulative bid amount reaching ₹65.21 crores, showing substantial interest in the offering
• QIB segment driving overall subscription with 7.15 times their allocation, contributing ₹21.21 crores

Active Infrastructures IPO - Day 2 Subscription at 0.63 Times

Key Highlights:

• Overall subscription improving to 0.63 times, showing significant growth from day one
• QIB segment jumping to 7.15 times subscription from day one's 1.00 times, showing exceptional interest
• NII segment showing moderate improvement to 0.28 times from day one's 0.16 times
• Retail investors more than doubling their interest to 0.39 times from day one's 0.17 times
• Day two showing substantial momentum building primarily from institutional participation
• Market response indicating strong institutional confidence in construction and infrastructure sector
• Civil construction expertise attracting significant qualified institutional buyers
• Second day showing more than three-fold overall subscription increase compared to opening day

Active Infrastructures IPO - Day 1 Subscription at 0.20 Times

Key Highlights:

• Overall subscription opening at 0.20 times, showing moderate initial investor approach
• QIB segment beginning strongly at 1.00 times, already reaching full subscription on day one
• NII segment showing initial interest at 0.16 times, indicating measured early evaluation
• Retail investors showing limited initial interest at 0.17 times, reflecting cautious approach
• First day demonstrating balanced investor engagement with institutional investors leading
• Initial momentum reflecting positive assessment of infrastructure sector investment opportunity
• Civil construction expertise drawing strong interest from institutional investors
• Opening day setting subscription baseline with encouraging institutional participation

About Active Infrastructures IPO

Founded in 2007, Active Infrastructures Limited specializes in civil construction with focus on infrastructure development and commercial projects. The company executes infrastructure projects like roads, bridges, water supply systems, and irrigation works, while also constructing commercial spaces including office complexes, retail centers, and educational institutions across Maharashtra, Madhya Pradesh, Uttar Pradesh, and Tripura.

As of March 2025, the company employs 53 permanent staff with 150-160 contractual workers. Their project portfolio spans both infrastructure development (roads, flyovers, water systems) and commercial construction (like RIAAN Tower), ensuring quality and sustainability in all undertakings.

Financial performance shows strong results with revenue of ₹97.43 crores in FY2024 and profit of ₹10.45 crores, yielding impressive metrics including 36.22% ROE and 14.90% ROCE. Key strengths include their experienced management team, quality assurance standards, optimal resource utilization, and growing order book currently worth over ₹345 crores.
 

Highlights of the Active Infrastructures IPO:

• IPO type: Book Built Issue SME IPO
• IPO size: ₹77.83 crores
• Fresh Issue: 43.00 lakh shares
• Face value: ₹5 per share
• Issue price band: ₹178 to ₹181 per share
• Lot size: 600 shares
• Minimum investment for retail investors: ₹1,08,600
• Minimum investment for HNI: ₹2,17,200 (2 lots)
• Market maker reservation: 2,16,000 shares
• Anchor portion: 2,44,800 shares (₹4.43 crores raised)
• Listing at: NSE SME