Active Infrastructures made a flat debut on the NSE SME platform, opening at ₹181 per share, which is exactly equal to its issue price. The listing indicates a neutral market response without any premium or discount on the IPO’s launch day.
Active Infrastructures IPO witnessed a total subscription of 1.05 times on Day 3. QIBs subscribed 1 time, NIIs 1.66 times, and retail investors 0.57 times. The IPO saw improved interest across categories, resulting in a fully subscribed issue by the close of bidding.
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Active Infrastructures Limited operates in infrastructure and commercial construction, including roads, flyovers, irrigation, and water projects. It also builds offices, retail spaces, and institutions, with projects spread across Maharashtra, Madhya Pradesh, Uttar Pradesh, and Tripura, serving clients on a pan-India scale.
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Active Infrastructures Limited aims to use ₹38.98 crores from IPO proceeds for working capital, ₹16.72 crores to repay borrowings, and ₹7.04 crores to acquire construction equipment. The remaining funds will support general corporate purposes like business expansion, marketing, branding, partnerships, and facility upgrades.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.