Active Infrastructures is launching its Rs 78 crore SME IPO on Friday. The issue will be available for public bidding till March 25. The company is offering 43 lakh shares in fresh equity sale to investors.
The company will use the funds raised for working capital requirements, repayment of debt, capital expenditure and general corporate purposes.
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Check Active Infrastructures IPO price band
The company has fixed a price band of Rs 178-181 per share and investors can bid for 600 shares in one lot. About 50% in the public offer is reserved for institutional investors, 35% for retail investors and the rest 15% for non-institutional investors.
Active Infrastructures GMP on Day 1
Ahead of the issue opening, the GMP for Active Infrastructures IPO is NIL in the unlisted market.
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Key dates: Allotment and listing
The share allotment process will be finalized on March 26, and the shares are expected to list on March 28. Investors should keep these dates in mind to track their applications.
About Active Infrastructures
The company operates primarily in two key segments: infrastructure and construction of commercial Projects. Within the infrastructure segment, its focus encompasses the construction of roads (including bridges), flyovers, water supply systems, irrigation projects, and other related infrastructure activities
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In the construction of commercial projects segment, the company sbuild various spaces such as, office complexes, retail centers, exhibition halls, retail outlets, private educational institutions, and other facilities. It operates on a pan-India scale, with the completed, ongoing and upcoming projects being in Maharashtra, Madhya Pradesh, Uttar Pradesh and Tripura.
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