Current Infraprojects IPO: ₹41.8 Cr Fresh Issue – Solar Dreams, Heavy EPC Drama
1. At a Glance
Rajasthan-based Current Infraprojects Ltd (CIL) is hitting the SME street with a ₹41.8 Cr fresh issue IPO, opening 26th August 2025. Price band set at ₹76–₹80, and if you’re retail, minimum ticket size is a kidney-shaking ₹2.43 lakh (3,200 shares). Company does EPC contracts in solar, electrical, water and civil projects — and yes, they also run a farmhouse on the side (because why not). Promoter stake will fall from 97% to 70.5% post-issue. FY25 financials look sharp: ₹91 Cr revenue, ₹9.45 Cr PAT, with margins that make most infra SMEs look like thakele contractors.
2. Introduction
Imagine a company that builds solar plants, water pipelines, and electrical EPC works… but also rents out a farmhouse called Yahvi – The Farmhouse. Matlab ekdum jugadu business model: ek haath mein solar panels, doosre haath mein shaadi lawn.
Since 2013, Current Infraprojects has been riding the infra and renewable wave. With projects completed worth ₹2,320+ Cr and an order book of ₹280+ Cr, the company is no rookie. Operating in 12 states, it’s been quietly growing, and now wants SME listing glory.
IPO se ₹41.8 Cr uthake company solar subsidiary mein 1800 KW plant lagayegi (IIT Dhanbad campus pe), working capital bharegi, aur thoda general corporate paisa side mein rakhegi. Baat simple hai: abhi demand hai, infra aur renewables dono ka chart upar hai, toh company bhi public money se apni kahani likhna chahti hai.
3. Business Model (WTF Do They Even Do?)
Core operations = EPC Contracts. Matlab Engineering, Procurement, Construction – jahan client paisa deta hai, company design + material + labour sab deti hai.
Hospitality (side quest) – Yahvi farmhouse leased for events.
Revenue largely EPC se hi aata hai. Yeh fixed-sum turnkey contracts hote hain — risk bhi company ke sir par hota hai. Achhi planning = profit; ek slip = losses.
