The initial public offerings (IPO) of Current Infraprojects and Sattva Engineering Construction, both engineering, procurement, and construction (EPC) services companies, received massive investor interest on the final day of bidding, August 29.
- IPO Allotment: Both companies will finalise share allotment by September 1, with trading set to begin on NSE Emerge from September 3.
Current Infraprojects IPO Details
- Subscription: 352.48 times, with 132.98 crore shares bid against an offer size of 37.72 lakh shares via 2.57 lakh applications.
- Issue Size: ₹41.8 crore via 52.25 lakh shares at the upper price band of ₹80 per share.
- Anchor Investors: ₹11.62 crore raised through 14.52 lakh shares.
- Company Profile: Rajasthan-based EPC company specialising in solar, electrical, water, and civil projects.
- Use of Proceeds:
- ₹5.85 crore: 1,800 KW solar plant under RESCO model at IIT(ISM), Dhanbad
- ₹30 crore: Working capital requirements
- Remaining: General corporate purposes
- Order Book: ₹280.5 crore as of August 14, 2025
Sattva Engineering Construction IPO Details
- Subscription: 184.2 times, with 62.39 crore shares bid against an offer size of 33.87 lakh shares via 1.07 lakh applications.
- Issue Size: ₹35.38 crore via 47.16 lakh shares at the upper price band of ₹75 per share.
- Anchor Investors: ₹9.97 crore raised on August 25.
- Company Profile: Chennai-based EPC company offering water resource management solutions.
- Use of Proceeds:
- ₹27.5 crore: Long-term working capital requirements
- Remaining: General corporate purposes
- Order Book: 13 ongoing projects worth ₹308.1 crore as of March 2025
