Current Infraprojects Limited IPO (CIPL) is set to launch its Initial Public Offering (IPO) on August 26, 2025. Here are the key details.
Founded in 2013, Current Infraprojects Ltd. is an infrastructure development and management company.
It specializes in Engineering, Procurement, and Construction (EPC) services, offering comprehensive solutions in Solar EPC, Electrical EPC, Water EPC, and Civil EPC contracts.
The company also provides Mechanical, Electrical, and Plumbing (MEP) consulting services and Project Management Consulting (PMC) services. Their expertise spans various sectors, including hospitals, commercial buildings, malls, and hotels.
Current Infraprojects Limited IPO Timeline
- Opening Date: August 26, 2025
- Closing Date: August 29, 2025
- Allotment Finalization: September 1, 2025
- Refunds Initiated: September 2, 2025
- Share Credit to Demat: September 2, 2025
- Listing Date: September 3, 2025
- Listing Exchange: NSE Emerge (SME platform)
Current Infraprojects Limited IPO Details
- Face Value: ₹10 per share
- Price Band: ₹76 – ₹80 per share
- Lot Size: 1,600 shares (₹1,28,000)
- Total Issue Size: ₹41.80 crore (at upper price band)
- Total Shares Offered: 5,225,600 equity shares of ₹10 each
- Issue Type: Book Building (SME)
- Listing At: NSE SME
- Share Holding Pre Issue: 1,39,22,400 shares
- Share Holding Post Issue: 1,91,48,000 shares
GMP of Current Infraprojects Limited IPO
As of August 22, 2025, the Grey Market Premium (GMP) for the Current Infraprojects Limited (CIPL) IPO is ₹27, indicating a potential listing gain of approximately 34% over the upper price band of ₹80 per share. This suggests positive investor sentiment ahead of the IPO’s opening on August 26, 2025.
GMP Overview
- GMP: ₹27
- Estimated Listing Gain: ~34%
- Price Band: ₹76 – ₹80 per share
- Listing Date: September 3, 2025
- Listing Exchange: NSE Emerge (SME platform)
Promoters of Current Infraprojects Limited
Here are the detailed roles and available personal profiles of the promoters of Current Infraprojects Limited (CIPL), based on the company’s official filings and public records:
- Mr. Sunil Singh Gangwar
- Mrs. Sujata Gangwar
- Mr. Satyavrat Singh
- Mr. Devvrath Singh
1. Mr. Sunil Singh Gangwar
- Chairman & Managing Director
- Role: Mr. Gangwar serves as the Chairman and Managing Director of CIPL.
- Experience: He has been instrumental in steering the company’s strategic direction and overseeing its operations.
- Additional Directorships: He is also associated with several other entities, including Current Infra Bolnada Solar Pvt Ltd, Current Infra Ompura Solar Pvt Ltd, and Current Infra Talabera Solar Pvt Ltd.
2. Mrs. Sujata Gangwar
- Non-Executive Director
- Role: Mrs. Gangwar holds the position of Non-Executive Director at CIPL.
- Experience: She has been part of the company’s leadership team since its inception, contributing to its governance and strategic oversight.
3. Mr. Satyavrat Singh
- Whole-Time Director
- Role: Mr. Singh serves as a Whole-Time Director at CIPL.
- Experience: He has been associated with the company since 2015, playing a key role in its operational management.
4. Mr. Devvrath Singh
- Whole-Time Director
- Role: Mr. Singh holds the position of Whole-Time Director at CIPL.
- Experience: He has been with the company since 2013, contributing to its growth and development.
Current Infraprojects Limited IPO Lot Size
Certainly! Here’s a detailed overview of the Current Infraprojects Limited (CIPL) IPO lot size:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹2,56,000 |
| Retail (Max) | 2 | 3,200 | ₹2,56,000 |
| S-HNI (Min) | 3 | 4,800 | ₹3,84,000 |
| S-HNI (Max) | 7 | 11,200 | ₹8,96,000 |
| B-HNI (Min) | 8 | 12,800 | ₹10,24,000 |
- Retail Investors: 1 lot = 1,600 shares = ₹1,28,000
- Maximum Investment: Up to 2 lots = 3,200 shares = ₹2,56,000
Current Infraprojects Limited IPO Promoter Holding
Certainly! Here’s a detailed overview of the promoter holding for Current Infraprojects Limited (CIPL):
| Share Holding Pre Issue | 96.96% |
| Share Holding Post Issue | 70.50% |
About Current Infraprojects Limited
Current Infraprojects Limited (CIPL) is an infrastructure development and management company based in Jaipur, Rajasthan.
Established in 2000 as Current Service Consultants, the company rebranded to its current name in 2013 to reflect its expanded capabilities in the infrastructure sector.
Incorporation Date: December 31, 2013
Registered Address: A-27, Basant Vihar, Vaishali Marg (West), Prithviraj Nagar, Jaipur, Rajasthan – 302012, India
Authorized Share Capital: ₹9 crore
Paid-Up Share Capital: ₹9 crore
Employee Strength: Approximately 530 professionals
Core Services
CIPL specializes in providing Engineering, Procurement, and Construction (EPC) services across various sectors, including:
- Solar Power: Design, installation, and maintenance of solar energy systems.
- Electrical Infrastructure: Power transmission and distribution projects.
- Water Infrastructure: Water supply and treatment projects.
- Civil Engineering: Construction of buildings, roads, and other civil structures.
Additionally, the company offers Mechanical, Electrical, and Plumbing (MEP) consulting and Project Management Consulting (PMC) services.
CIPL has adopted the RESCO (Renewable Energy Service Company) model for deploying solar energy solutions through wholly owned Special Purpose Vehicles (SPVs) under long-term agreements.
Project Footprint
CIPL has successfully executed over 100 projects across 12 states in India, demonstrating its extensive experience and capability in handling large-scale infrastructure projects.
The company’s diverse service portfolio and strong project execution track record position it well for future growth in India’s infrastructure sector.
Recent Developments
In August 2025, CIPL launched its Initial Public Offering (IPO) on the NSE Emerge platform, aiming to raise ₹41.80 crore.
The proceeds from the IPO are intended to fund the expansion of its wholly owned subsidiary, Current Infra Dhanbad Solar Private Limited, for setting up a 1,800 KW solar plant at the Indian Institute of Technology (Indian School of Mines) in Dhanbad, Jharkhand.
Additionally, the funds will support working capital requirements and general corporate purposes.
Current Infraprojects Limited Financial Information
Certainly! Here’s the detailed financial information for Current Infraprojects Limited (CIPL), based on the latest available data.
| Particulars | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Revenue | ₹77.57 Crores | ₹61.06 Crores | ₹60.79 Crores |
| EBITDA | ₹8.26 Crores | ₹3.40 Crores | ₹2.88 Crores |
| Adjusted EBITDA | ₹0.00 Crores | ₹0.00 Crores | ₹0.00 Crores |
| Profit After Tax (PAT) | ₹5.09 Crores | ₹1.49 Crores | ₹1.51 Crores |
| Net Worth | ₹14.27 Crores | ₹9.19 Crores | ₹7.69 Crores |
| Total Debt | ₹11.73 Crores | ₹6.09 Crores | ₹6.09 Crores |
| Total Assets | ₹42.16 Crores | ₹35.65 Crores | ₹31.86 Crores |
Key Performance Indicator (KPI)
Here’s a detailed overview of the Key Performance Indicators (KPIs) for Current Infraprojects Limited (CIPL), based on the IPO prospectus and publicly available information:
| KPI | Values |
|---|---|
| ROE | 49.75% |
| ROCE | 26.49% |
| Debt/Equity | 1.29 |
| RoNW | 39.84% |
| PAT Margin | 10.40% |
| EBITDA Margin | 16.23% |
| Price to Book Value | 4.55 |
Strengths of Current Infraprojects Limited IPO
Focused EPC Expertise
The company offers comprehensive turnkey solutions in Engineering, Procurement, and Construction (EPC) across Solar, Electrical, Water, and Civil segments, bolstered by MEP and PMC capabilities.
Quality Assurance through NABL Accreditation
Their in-house lab is accredited by NABL (ISO/IEC 17025:2017), ensuring robust quality testing and compliance.
Strong and Growing Order Book
As of March 28, 2025, the company had an order book valued at ₹245.79 crore—a sign of sustained project pipeline and recurring business.
Experienced Management Team
Promoters and senior management have deep domain experience, vital for execution and strategic decision-making.
End-to-End Project Delivery Capability
From design to execution through its in-house engineering resources, the company demonstrates full lifecycle project control.
Risks of Current Infraprojects Limited IPO
Sector Dependency & Economic Exposure
Heavy reliance on the EPC infrastructure sector exposes the business to cyclical downturns and economic volatility.
Project Execution Risks
Delays, cost overruns, or contract cancellations can adversely affect cash flow, financial performance, and reputation.
Implementation Risk of RESCO Subsidiary Project
Delays, budget overrun, or lack of necessary approvals for the ₹5.85 crore investment in a solar plant under the RESCO model at IIT(ISM) Dhanbad could hurt growth.
Supply Chain and Contractor Dependence
The company is heavily reliant on timely supplier and contractor performance. The cost of goods sold from contractors made up 83.43% (Sep-24), 67.94% (FY24), 54.96% (FY23), and 57.13% (FY22).
Realization of Order Book Value Uncertain
High order book value doesn’t guarantee fulfillment; failures in execution could impair financial results.
Bank Guarantees Dependency
The need for performance bank guarantees for government tenders introduces liquidity risk and financial exposure if invoked.
Summary Table
| Category | Key Points |
|---|---|
| Strengths | – Comprehensive EPC services across multiple domains |
| – NABL-accredited quality testing lab | |
| – Strong ₹245.79 crore order book as of Mar 2025 | |
| – Experienced leadership and in-house execution capability | |
| Risks | – Sector cyclicality impacts business stability |
| – Execution risks: delays, cost overruns, cancellations | |
| – Implementation uncertainty for RESCO solar project | |
| – High dependence on suppliers and contractors | |
| – Risk of non-realization of order book | |
| – Exposure from performance bank guarantee requirements |
Current Infraprojects Limited Contact Details
Here are the contact details for Current Infraprojects Limited (CIPL) as per publicly available and verified sources:
Current Infraprojects Limited — Contact Information
| Detail Type | Information |
|---|---|
| Registered Address | A-27, Basant Vihar, Vaishali Marg (West), Panchyawala, Jaipur, Rajasthan – 302034 (also noted as 302012 in some records) |
| Phone Number | +91-9214148947 |
| General Email | info@currentinfra.com |
| Corporate/Accounts Email | accounts@currentinfra.com |
| Website | The official website is www.currentinfra.com, |
Notes & Additional Insights
- Multiple Pin Codes: The company’s address appears with two nearby postal codes—302034 and 302012—which likely reflect internal zone differences within Jaipur. Both references point to the same Basant Vihar location.
- Different Email Addresses: Two distinct email contacts are listed:
- Main contact: info@currentinfra.com
- Accounts/corporate: accounts@currentinfra.com
- It’s advisable to use the main email for general inquiries and the accounts email for financial or billing-related matters.
- Website Access: While the company’s site exists and includes a contact section, some commercial directories suggest that certain details like contact number or website information may require login or may not be fully displayed publicly.
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