The initial public offering of Active Infrastructures Ltd. which launched its public issue on Mar. 21, will close for subscription on Mar. 25.
The civil construction company is looking to raise nearly Rs 78 crore through the public offer of shares. Active Infrastructures specialises in infrastructure development and commercial projects. The SME IPO received a subdued response from the investors with the issue being subscribed 0.63 times on Monday.
The SME IPO of Active Infrastructures was fully subscribed on Tuesday as bidding window for the issue closes today.
As bidding for the IPO resumes on its final day, here's all you need to know about Active Infrastructures IPO.
Active Infrastructures IPO Details
Active Infrastructures IPO is a book-built issue comprising a fresh issue of 43 lakh shares offered at a price band of Rs 178 to Rs 181 apiece. The IPO issue size is valued at Rs 77.83 crore at the upper price band.
Retail investors can bid for shares in Active Infrastructures IPO with a minimum lot size of 600 shares, totalling an investment of Rs 1,08,600.
As per the company's RHP, of the 43,00,200 shares offered -- 1,63,800 (3.81%) is reserved for qualified institutions, 16,33,200 (37.98%) is reserved for non-institutional investors, 20,42,400 (47.5%) is reserved for retail investors and 2,44,800 (5.69%) is reserved for anchor investors.
Kreo Capital Private Limited is the book-running lead manager of the Active Infrastructures IPO. Bigshare Services Pvt. is the registrar and Badjate Stock And Shares Pvt. is the market maker for the IPO.
Active Infrastructures IPO Day 3 Subscription Status
The Active Infrastructures IPO has been subscribed 1.04 times as of 3:25 p.m. on Tuesday.
Qualified Institutions: 1 times
Non-Institutional Buyers: 1.66 times
Retail Investors: 0.55 times
*The subscription status will be updated at regular intervals
Active Infrastructures IPO GMP Today
The latest grey market premium for the Active Infrastructures IPO stood at Rs 1 on Mar. 25, according to InvestorGain. Unlisted shares of the company were trading at Rs 182 apiece in the grey market, an estimated gain of 0.55% against the upper end of the IPO price band.
Note: Please note that GMP is not an official data source, and is based on speculation.
Active Infrastructures IPO Important Dates
The subscription window for the SME IPO will be open until March 25. Share allotment in the offer will be finalised on Mar. 26. Refunds for non-allottees will then be initiated, and shares will be credited to the demat account of successful bidders on Mar. 27.
Shares of Active Infrastructures Ltd. are proposed to be listed on the NSE SME platform on Mar. 28.
Use of Proceeds
Active Infrastructures Ltd. has proposed to use the net proceeds from the IPO to fund its working capital requirements, repay borrowings and purchase construction equipment. A portion of the money will also be used for general corporate purposes.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
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