Current Infraprojects IPO allotment today; GMP robust after 370x subscription. Check status, GMP – News Air Insight

The allotment of shares for Current Infraprojects’ Rs 41.80 crore IPO will be announced today. Investors who applied for the issue, open from August 26 to August 29, can soon check whether they have received shares. The EPC and renewable energy solutions company is set to list on the NSE SME platform on September 3, 2025.

Current Infraprojects GMP

In the grey market, shares of Current Infraprojects are trading at a 51% premium over the issue price. This suggests a possible listing around Rs 120–122 per share, though the final outcome will depend on market sentiment on listing day.

How to check IPO allotment

Investors can check their allotment status online using PAN, application number, or DP/Client ID. The details are available on the registrar’s and exchange websites:

1. Registrar (Bigshare Services) : https://ipo.bigshareonline.com/ipo_status.html
   • Visit Bigshare Services
   • Select Company Name
   • Enter PAN or application number
2. BSE IPO Allotment: https://www.bseindia.com/investors/appli_check.aspx
   • Select Equity and Company Name
   • Enter Application Number

Refunds for non-allottees will be processed on September 2, and successful investors will see shares credited to their demat accounts the same day.

Robust subscription

The IPO received an overwhelming response, being subscribed 370 times overall. The retail portion was subscribed 396.50 times, while the non-institutional investor (NII) segment saw massive demand with 640.48 times subscription. The qualified institutional buyer (QIB) category was subscribed 191.77 times.Ahead of the issue, Current Infraprojects raised Rs 11.62 crore from anchor investors on August 25 by allotting 14.52 lakh shares.The IPO was a fresh issue of 52.25 lakh shares, priced in the band of Rs 76–80, with the final issue price fixed at Rs 80 per share.

IPO proceeds

The IPO proceeds will be used to invest in its subsidiary for setting up a 1,800 KW solar plant at IIT (ISM) Dhanbad, fund working capital needs, and cover general corporate purposes.

About the company

Current Infraprojects is an EPC (Engineering, Procurement, and Construction) player specialising in solar, electrical, water, and civil projects. It also offers project management consulting and mechanical, electrical, and plumbing (MEP) engineering solutions.

The company operates across 12 states in India and has completed projects worth Rs 232 crore as of July 31, 2025. It also diversifies into hospitality services through a leased property, YAHVI The Farmhouse.

Financial performance

For FY25, Current Infraprojects reported revenue of Rs 91.33 crore and profit after tax of Rs 9.45 crore. EBITDA stood at Rs 14.75 crore with margins of 16.23%.

Outlook

With a 51% GMP and strong subscription numbers, Current Infraprojects’ listing on September 3 is expected to be positive.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)