Current Infraprojects Ltd IPOCURRENT

The IPO opens on 26 Aug 2025 & closes on 29 Aug 2025.

Current Infraprojects Limited was originally incorporated as a Private Limited Company in the name of 'Current Infraprojects Private Limited' dated December 31, 2013 by the RoC, Rajasthan. Subsequently, company was converted into Public Limited Company and name of company was changed to 'Current Infraprojects Limited' pursuant to issuance of Fresh Certification of Incorporation dated March 06, 2025, by Central Processing Centre. The Company started the business operations in 2013 in the state of Rajasthan and thereafter, expanded the business in Haryana, Punjab, Jharkhand, Maharashtra, Uttar Pradesh, Gujarat etc. Presently, Current Infraprojects Ltd is an infrastructure construction, development and management company in Engineering, Procurement, and Construction (EPC) services, offering comprehensive solutions in Solar EPC, Electrical EPC, Water EPC & Civil EPC contracts, which include interior and civil works, as well as road furniture, all on a fixed-sum turnkey basis. Additionally, it provide specialized Engineering Consulting Services in Mechanical, Electrical and Plumbing (MEP) systems, alongside Project Management Consulting (PMC) services. The Company experience spans a variety of sectors, including hospitals, commercial buildings, malls and hotels. Within the EPC segment, Company specialize in delivering solar energy solutions for solar installations. Electrical EPC services cover the shifting of utilities and the installation of high-voltage transmission lines as well as highway lighting solutions, ensuring safety and energy efficiency. It also offer water EPC services, managing large-scale water distribution projects, including pipeline installation and hand-pump installations. In civil EPC, it provide services for building construction, interior design and road infrastructure, including the installation of road furniture like guard rails and bus shelters. Beyond EPC, Company offer engineering consulting in Mechanical, Electrical and Plumbing (MEP), focusing on energy efficient, sustainable designs for HVAC, electrical and plumbing systems in various sectors including commercial buildings, hospitals and hotels. Company is planning an IPO of 56,48,000 equity shares of Rs 10/- each thru' fresh issue.

Current Infraprojects Ltd IPO will close on 29 Aug 2025.

<ul><li>Focused EPC Player.</li><li>NABL Accreditation Quality Assurance Lab.</li><li>Strong Order Book with Repeat Orders and Long-Standing Relation with Clientele.</li><li>Experienced Promoters, Senior Management and Team.</li><li>End To End Project Management and Execution Capabilities.</li></ul>

<table class="table"> <thead> <tr> <th>S.No</th> <th>Promoters Name</th> <th>Pre Issue Shares</th> <th>Pre Issue Percentage</th> <th>Post Issue Shares</th> <th>Post Issue Percentage</th> </tr> </thead> <tbody> <tr> <td>1</td> <td>Sunil Singh Gangwar</td> <td>10</td> <td>---</td> <td>10</td> <td>---</td> </tr> <tr> <td>2</td> <td>Sujata Gangwar</td> <td>10798970</td> <td>77.56</td> <td>10798970</td> <td>56.4</td> </tr> <tr> <td>3</td> <td>Devvrath Singh</td> <td>1349990</td> <td>9.7</td> <td>1349990</td> <td>7.05</td> </tr> <tr> <td>4</td> <td>Satyavrat Singh</td> <td>1350000</td> <td>9.7</td> <td>1350000</td> <td>7.05</td> </tr> <tr> <td>5</td> <td>Sneha Singh</td> <td>10</td> <td>---</td> <td>10</td> <td>---</td> </tr> <tr> <td>6</td> <td>Sharad Kumar Gangwar</td> <td>10</td> <td>---</td> <td>10</td> <td>---</td> </tr> <tr> <td>7</td> <td>Sunil Singh Gangwar HUF</td> <td>10</td> <td>---</td> <td>10</td> <td>---</td> </tr> </tbody> </table>

<ul><li>The company's revenue is largely driven by the performance of the EPC sector, which presents a range of potential risks. Any downturns or disruptions within this sector could significantly impact its overall business performance and financial stability.</li><li>Delays in the completion of construction of current and future projects could lead to termination of EPC contracts or cost overruns or claims for damages, which could have an adverse effect on the company cash flows, business, results of operations and financial condition.</li><li>The company Objects to issue - "Investment in Equity of its wholly owned subsidiary, Current Infra Dhanbad Solar Private Limited for setting up 1800 KW solar plant under RESCO Model at Indian Institute of Technology (Indian School of Mines) IIT(ISM), Dhanbad, Jharkhand" ("Proposed Project") is subject to the risk of unanticipated delays in implementation, cost overruns and certain Government approvals and licenses. If the company unable to implement the expansion plans at the planned cost or time or unable to obtain Government approvals and licenses, it could materially and adversely impact the company business, results of operations and financial condition.</li><li>We cannot assure that the completion of our projects will be free from any or all defects, which may adversely affect our business, financial condition, results of operations and prospects.</li><li>We are dependent on and derive our 85.01%, 92.52%, 92.93% and 93.33% of revenue from our top 10 key customers for the period ended on September 30, 2024, and for the fiscal year ended on March 31, 2024, 2023 and 2022 respectively. A decrease in the revenues we derive from them could materially and adversely affect our business, results of operations, cash flows and financial condition.</li><li>Our business is concentrated in three states of India namely Rajasthan, Kerala and Uttar Pradesh. 83.43%, 67.94%, 54.96% and 57.13% of our total revenue from operations for the period ended on September 30, 2024 and for the fiscal year ended on March 31, 2024, 2023 and 2022 is derived from these three states of India. Any adverse impact in this region may adversely affect our business, results of operations and financial condition.</li><li>We are dependent upon a limited number of suppliers. Our 57.17%, 40.76%, 36.75% and 39.65% of our total purchases are derived from our top 10 suppliers for the period ended on September 30, 2024 and for the Fiscal Years ended on March 31, 2024, 2023 and 2022. Any failure of our suppliers to deliver products in the necessary quantities or to adhere to delivery schedules, credit terms or specified quality standards and technical specifications may adversely affect our business and our ability to deliver orders on time at the desired level of quality.</li><li>We are dependent on our contractors for timely completion of projects undertaken by us in our normal course of business. 83.43%, 67.94%, 54.96% and 57.13% of our total goods of goods sold comprises of cost of contractor for the period ended on September 30, 2024 and for the fiscal year ended on March 31, 2024, 2023 and 2022. Our ability to complete our projects in a timely manner and operate, maintain and expand our projects, is subject to performance of our contractors.</li><li>We may not be able to realise the amounts, partly or at all, reflected in our Order Book which may materially and adversely affect our business, prospects, reputation, profitability, financial condition and results of operation.</li><li>We are required to furnish performance bank guarantees as part of our business for bidding in government tenders. Our inability to arrange such guarantees or the invocation of such guarantees may adversely affect our cash flows and financial condition.</li><li>We have certain contingent liabilities that have not been provided for in our financial statements, which if they materialise, may adversely affect our financial condition, cash flows and results of operations.</li><li>Our business is manpower intensive and any unavailability of our employees or shortage of contract labour or any strikes, work stoppages, increased wage demands by workmen or changes in regulations governing contractual labour may have an adverse impact on our cash flows and results of operations.</li><li>Elevated Employee Attrition Rates and Their Potential Impact on Operational Continuity and Project Execution.</li><li>Our Company requires significant amounts of working capital for continued growth. Our inability to meet our working capital requirements may have an adverse effect on the results of operations. Further, failure to manage our inventory could have an adverse effect on our sales, profitability, cash flow and liquidity.</li><li>Our Company has a negative cash flow from our operating, investing and financing activities in the stub period and the past three years, details of which are given below, sustained negative cash flow could impact our growth and business.</li><li>Our inability to collect receivables from our customers or default in payment by them could result in the reduction of our profits and affect our cash flows.</li><li>Our projects are exposed to various implementation risk and other uncertainties which may adversely affect our business, results of operations and financial condition.</li><li>We operate in an extremely competitive industry and failure to successfully compete could result in loss of one or more of our significant customers and may adversely affect our business.</li><li>Our actual cost in executing a work order or in constructing a project may vary substantially from the assumptions underlying our bid. We may be unable to recover all or some of the additional expenses, which may have a material adverse effect on our results of operations, cash flows and financial condition.</li><li>Our business is subject to seasonal fluctuations that could result in delays or disruptions to our operations during the critical periods of our projects and cause severe damages to our premises and equipment's.</li><li>Our Objects to issue - "Investment in Equity of our wholly owned subsidiary, Current Infra Dhanbad Solar Private Limited for setting up 1800 KW solar plant under RESCO Model at Indian Institute of Technology (Indian School of Mines) IIT(ISM), Dhanbad, Jharkhand" ("Proposed Project") is subject to the risk of unanticipated delays in implementation, cost overruns and certain Government approvals and licenses. If we are unable to implement the expansion plans at the planned cost or time or unable to obtain Government approvals and licenses, it could materially and adversely impact our business, results of operations and financial condition.</li><li>Within the parameters as mentioned in the chapter titled `Objects of the Issue' beginning on page 110, our Company's management will have flexibility in applying the proceeds of this Issue. The fund requirement and deployment mentioned in the Objects of this Issue have not been appraised by any bank or financial institution.</li><li>We have not made any alternate arrangements for meeting our capital requirements for the Objects of the Issue. Further we have not identified any alternate source of financing the `Objects of the Issue'. Any shortfall in raising / meeting the same could adversely affect our growth plans, operations and financial performance.</li><li>There have been certain inadvertent inaccuracies, delay and non-compliances with respect to certain regulatory filings and corporate actions taken by our Company. Consequently, we may be subject to regulatory actions and penalties for any past or future non-compliance and our business and financial condition may be adversely affected.</li><li>Our Company, our Group Company, our Promoters and our Directors other than promoters are involved in certain legal proceedings. Any adverse decision in such proceedings may render us / them liable to liabilities / penalties and may adversely affect our business and results of operations.</li><li>Our Promoters have provided personal guarantees for secured loan facilities obtained by us, and any failure or default by us to repay such loans could trigger repayment obligations on our Promoters, which may also impact our Promoter's ability to effectively service its obligations as our Promoter and thereby, adversely impact our business and operations.</li><li>Our lenders have charge over our movable and immovable properties in respect of finance availed by us and the agreements governing our indebtedness contain conditions and restrictions on our operations, additional financing and capital structure.</li><li>We have in the past entered into transactions with related parties and may continue to do so in the future. These or any future related party transactions may potentially involve conflicts of interest and there can be no assurance that we could not have achieved better terms, had such arrangements been entered into with unrelated parties.</li><li>We may not be able to protect our trademarks from infringement.</li><li>We have a large number of employees, resulting in increased fixed costs to our Company. In the event we are not able to generate adequate cash flows it may have a material adverse impact on our operations.</li><li>Non-Compliance with and changes in safety, health and environmental laws and other applicable regulations may adversely affect our business, prospects, financial condition and results of operations.</li><li>Changes in technology may render our current technologies obsolete or require us to make substantial capital investments.</li><li>Our business depends upon the capabilities and performance of our Promoters, Key Managerial Personnel and Senior Management that will be crucial to determining the success and growth of our company.</li><li>If we are unable to source business opportunities effectively, we may not achieve our financial objectives.</li><li>Our inability to successfully implement some or all our business strategies in a timely manner or at all could have an adverse effect on our business.</li><li>We have not entered any formal arrangement for technical support service for maintenance and smooth functioning of our equipment and machineries, which may affect our performance.</li><li>We could be harmed by employee misconduct or errors that are difficult to detect, and any such incidences could adversely affect our financial condition, results of operations and reputation.</li><li>The average cost of acquisition of Equity Shares by our Promoters could be lower than the floor price.</li><li>We are subject to risks associated with expansion into new geographic regions.</li><li>We are subject to risks associated with expansion into new geographic regions.</li><li>Properties, on which we have our registered and corporate office is situated is not owned by us. Any termination or dispute in relation to this lease/ rental agreement may have an adverse effect on our business operations and results thereof.</li><li>In addition to standard remuneration or benefits and reimbursement of expenses, some of our Promoters, Directors and key managerial personnel are interested in our Company to the extent of their shareholding, dividend entitlement and lease rent received, in our Company.</li><li>We may not have sufficient insurance coverage to cover all possible losses.</li><li>Our ability to pay dividends in the future may depend upon our future revenues, profits, financial condition, cash flows, working capital requirements, capital expenditures and restrictive covenants in our financing arrangements.</li><li>Our Promoters will continue jointly to retain majority control over our Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.</li><li>Industry information included in this Draft Red Herring Prospectus has been derived from publicly available industry reports and/or websites. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.</li><li>Increases in the prices of construction materials, fuel, labour and equipment could have an adverse effect on our business, results of operations and financial condition.</li><li>We are dependent upon the experience and skill of our management team and several KMPs and senior management personnel. If we are unable to attract or retain such qualified personnel, this could adversely affect our business, results of operations and financial condition.</li><li>We require various statutory and regulatory permits and approvals in the ordinary course of our business, and our failure to obtain, renew or maintain them in a timely manner may adversely affect our operations.</li><li>Our operations are subject to risks of mishaps or accidents that could cause damage or loss to life and property and could also result in loss or slowdown in our business.</li><li>Our operations are dependent on a significant number of contract labour and an inability to access adequate contract labour at reasonable costs at our project sites across India may adversely affect our business prospects and results of operations.</li><li>Our inability to identify and understand evolving industry trends and consumer preferences, and to provide new services to meet our customers' demands may adversely affect our business.</li><li>There is no monitoring agency appointed by our Company and the deployment of funds are at the discretion of our Management and our Board of Directors, though it shall be monitored by the Audit Committee.</li><li>Our future funds requirements, in the form of issue of capital or securities and/or loans taken by us, may be prejudicial to the interest of the shareholders depending upon the terms on which they are eventually raised.</li><li>Our business is subject to strikes, work stoppages and/or increased wage demands, as well as other disputes with our employees.</li><li>Subsequent to the listing of the Equity Shares, we may be subject to surveillance measures, such as the Additional Surveillance Measures and the Graded Surveillance Measures by the Stock Exchanges in order to enhance the integrity of the market and safeguard the interest of investors.</li><li>There are restrictions on daily / weekly / monthly movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.</li><li>The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.</li><li>After this Issue, the price of the Equity Shares may be highly volatile, or an active trading market for the Equity Shares may not develop.</li><li>The Issue price of our Equity Shares may not be indicative of the market price of our Equity Shares after the Issue and the market price of our Equity Shares may decline below the Issue price and you may not be able to sell your Equity Shares at or above the Issue Price.</li><li>You will not be able to sell immediately on Stock Exchange any of the Equity Shares you purchase in the Issue until the Issue receives appropriate trading permissions.</li><li>QIB and Non-Institutional investors are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting the Bid.</li><li>Sale of Equity Shares by our Promoter or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.</li><li>The company financial performance is dependent on its successful bidding for new projects and the non- cancellation of projects awarded to it. If the company not able to successfully bid for new projects, it will adversely affect its business operations and financial conditions.</li><li>The company cannot assure that the completion of its projects will be free from any or all defects, which may adversely affect the company business, financial condition, results of operations and prospects.</li><li>The company's dependent on and derive our 81.82%, 92.52% and 92.93% of revenue from its top 10 key customers for the fiscal year ended on March 31, 2025, 2024 and 2023 respectively. A decrease in the revenues the company derive from them could materially and adversely affect its business, results of operations, cash flows and financial condition.</li><li>The company business is concentrated in three states of India namely Rajasthan, Kerala and Uttar Pradesh. 81.22%, 67.94% and 54.96% of its total revenue from operations for the fiscal year ended on March 31, 2025, 2024 and 2023 is derived from these three states of India. Any adverse impact in this region may adversely affect the company business, results of operations and financial condition.</li><li>The company's dependent upon a limited number of suppliers. its 40.36%, 40.76% and 36.75% of the company total purchases are derived from its top 10 suppliers for the Fiscal Years ended on March 31, 2025, 2024 and 2023. Any failure of the company suppliers to deliver products in the necessary quantities or to adhere to delivery schedules, credit terms or specified quality standards and technical specifications may adversely affect the company business and its ability to deliver orders on time at the desired level of quality.</li><li>The company business is subject to seasonal fluctuations that could result in delays or disruptions to its operations during the critical periods of the company projects and cause severe damages to its premises and equipment's.</li><li>The company has certain significant tax proceedings pending against the Company which can have an adverse effect on the company financial condition.</li><li>The company has dependent on its contractors for timely completion of projects undertaken by it in the company normal course of business. 40.36%, 30.50% and 38.36% of the company total cost of goods sold comprises of cost of contractor for the fiscal year ended on March 31, 2025, 2024 and 2023. its ability to complete the company projects in a timely manner and operate, maintain and expand its projects, is subject to performance of the company contractors.</li><li>The company may not be able to realise the amounts, partly or at all, reflected in its Order Book which may materially and adversely affect the company business, prospects, reputation, profitability, financial condition and results of operation.</li><li>The company required to furnish performance bank guarantees as part of the company business for bidding in government tenders. its inability to arrange such guarantees or the invocation of such guarantees may adversely affect the company cash flows and financial condition.</li><li>The business is manpower intensive and any unavailability of its employees or shortage of contract labour or any strikes, work stoppages, increased wage demands by workmen or changes in regulations governing contractual labour may have an adverse impact on the company cash flows and results of operations.</li><li>The company Registered and Corporate Office and its farmhouse property are taken on lease from the company promoters. Disruption of its rights as lessee or termination of the agreements with the company lessor (Its Promoters) may adversely impact on the company operations and, consequently, the company business, financial condition and results of operations.</li><li>The company has certain contingent liabilities that have not been provided for in its financial statements, which if they materialise, may adversely affect the company financial condition, cash flows and results of operations.</li><li>Elevated employee attrition rates and their potential impact on operational continuity and project execution.</li><li>The Company requires significant amounts of working capital for continued growth. its inability to meet the company working capital requirements may have an adverse effect on the results of operations. Further, failure to manage its inventory could have an adverse effect on the company sales, profitability, cash flow and liquidity.</li><li>The Company has a negative cash flow from its operating, investing and financing activities in the past three years, details of which are given below, sustained negative cash flow could impact the company growth and business.</li><li>The company inability to collect receivables from its customers or default in payment by them could result in the reduction of the company profits and affect its cash flows.</li><li>The company projects are exposed to various implementation risk and other uncertainties which may adversely affect its business, results of operations and financial condition.</li><li>The company operate in an extremely competitive industry and failure to successfully compete could result in loss of one or more of the company significant customers and may adversely affect its business.</li><li>The company actual cost in executing a work order or in constructing a project may vary substantially from the assumptions underlying its bid. the company may be unable to recover all or some of the additional expenses, which may have a material adverse effect on the company results of operations, cash flows and financial condition.</li><li>Within the parameters as mentioned in the chapter titled `Objects of the Issue' beginning on page 116, the Company's management will have flexibility in applying the proceeds of this Issue. The fund requirement and deployment mentioned in the Objects of this Issue have not been appraised by any bank or financial institution.</li><li>The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further the company has not identified any alternate source of financing the `Objects of the Issue'. Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.</li><li>The company derive its 27.04%, 12.99% and 18.19% revenue from Solar EPC projects for the fiscal year ended on March 31, 2025, 2024 and 2023 respectively. its profits may decline if the company does not anticipate the demand for solar power projects or develop solar power in a timely manner.</li><li>The company Promoters have provided personal guarantees for secured loan facilities obtained by it, and any failure or default by it to repay such loans could trigger repayment obligations on the company Promoters, which may also impact its Promoter's ability to effectively service its obligations as the company Promoter and thereby, adversely impact its business and operations.</li><li>The Company, its Group Company, the company Promoters and its Directors other than promoters are involved in certain legal proceedings. Any adverse decision in such proceedings may render it / them liable to liabilities / penalties and may adversely affect its business and results of operations.</li><li>There have been certain inadvertent inaccuracies, delay and non-compliances with respect to certain regulatory filings and corporate actions taken by the Company. Consequently, its may be subject to regulatory actions and penalties for any past or future non-compliance and the company business and financial condition may be adversely affected.</li><li>The company lenders have charge over its movable and immovable properties in respect of finance availed by it and the agreements governing the company indebtedness contain conditions and restrictions on its operations, additional financing and capital structure.</li><li>Its may not be able to protect the company trademarks from infringement.</li><li>Its Group Company, Thinkers Doers Private Limited, is authorized by its constitutional document to engage in business activities which are similar to those undertaken by the Company, which may result in conflict of interest.</li><li>The company has in the past entered into transactions with related parties and may continue to do so in the future. These or any future related party transactions may potentially involve conflicts of interest and there can be no assurance that its could not have achieved better terms, had such arrangements been entered into with unrelated parties.</li><li>The company has a large number of employees, resulting in increased fixed costs to the Company. In the event the company not able to generate adequate cash flows it may have a material adverse impact on its operations.</li><li>Non-Compliance with and changes in safety, health and environmental laws and other applicable regulations may adversely affect its business, prospects, financial condition and results of operations.</li><li>Changes in technology may render its current technologies obsolete or require it to make substantial capital investments.</li><li>The company's business depends upon the capabilities and performance of its Promoters, Key Managerial Personnel and Senior Management that will be crucial to determining the success and growth of the company.</li><li>If the company unable to source business opportunities effectively, its may not achieve the company financial objectives.</li><li>The company's subject to risks associated with expansion into new geographic regions.</li><li>The company has not entered any formal arrangement for technical support service for maintenance and smooth functioning of its equipment and machineries, which may affect the company performance.</li><li>The company's could be harmed by employee misconduct or errors that are difficult to detect, and any such incidences could adversely affect its financial condition, results of operations and reputation.</li><li>the company inability to successfully implement some or all its business strategies in a timely manner or at all could have an adverse effect on the company business.</li><li>The average cost of acquisition of Equity Shares by the company Promoters could be lower than the floor price.</li><li>The company future funds requirements, in the form of issue of capital or securities and/or loans taken by it, may be prejudicial to the interest of the shareholders depending upon the terms on which they are eventually raised.</li><li>Properties, on which the company has registered and corporate office is situated is not owned by it. Any termination or dispute in relation to this lease/ rental agreement may have an adverse effect on the company business operations and results thereof.</li><li>In addition to standard remuneration or benefits and reimbursement of expenses, some of its Promoters, Directors and key managerial personnel are interested in the Company to the extent of their shareholding, dividend entitlement and lease rent received, in the Company.</li><li>Its may not have sufficient insurance coverage to cover all possible losses.</li><li>The company ability to pay dividends in the future may depend upon its future revenues, profits, financial condition, cash flows, working capital requirements, capital expenditures and restrictive covenants in the company financing arrangements.</li><li>Its Promoters will continue jointly to retain majority control over the Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.</li><li>Increases in the prices of construction materials, fuel, labour and equipment could have an adverse effect on its business, results of operations and financial condition.</li><li>Industry information included in this Red Herring Prospectus has been derived from publicly available industry reports and/or websites. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.</li><li>The company is dependent upon the experience and skill of its management team and several KMPs and senior management personnel. If the company is unable to attract or retain such qualified personnel, this could adversely affect its business, results of operations and financial condition.</li><li>The company is require various statutory and regulatory permits and approvals in the ordinary course of its business, and the company failure to obtain, renew or maintain them in a timely manner may adversely affect the company operations.</li><li>The company operations are subject to risks of mishaps or accidents that could cause damage or loss to life and property and could also result in loss or slowdown in its business.</li><li>The company operations are dependent on a significant number of contract labour and an inability to access adequate contract labour at reasonable costs at the company project sites across India may adversely affect its business prospects and results of operations.</li><li>The company is inability to identify and understand evolving industry trends and consumer preferences, and to provide new services to meet the company customers' demands may adversely affect its business.</li><li>There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and the company Board of Directors, though it shall be monitored by the Audit Committee.</li><li>The company business is subject to strikes, work stoppages and/or increased wage demands, as well as other disputes with its employees.</li><li>Dependence on Third-Party Logistics Providers.</li><li>The company is dependence on leasehold properties and risks relating to lease arrangements.</li><li>Its may be exposed to risks related to ownership and operation of Equipment and Vehicles in regard to their obsolescence, destruction, breakdown and fixed costs associated with them.</li><li>Any failure in the company IT systems or loss of connectivity or any loss of data arising from such failure can adversely impact the company is service levels.</li><li>Its may face the risk of increased competition from new market entrants affecting the company business operations.</li><li>Its may be exposed to risk arising the company of fluctuating demand due to competitive bidding process and non-recurring clients.</li><li>Non-Compliance with performance security requirements may result in forfeiture of the bid and termination of the agreements.</li><li>Any negative publicity concerning the Company, Promoters or key management personnel could adversely affect its reputation, business operations and future prospects.</li><li>The company may face risk of penalties or termination of the contracts for non-compliance with maintenance obligations.</li><li>The nature of the company construction business exposes it to liability claims, contract disputes and potential losses, not all of which are covered by insurance.</li><li>The company business is dependent on maintaining continuing relationships with clients and subcontractors, and any disruption in these relationships could adversely impact its operations and financial performance.</li><li>The company is exposed to the risk of premature termination of projects and associated delays in payment and recovery.</li><li>The company may face challenges by entering in the RESCO and Hospitality Services segment which are the non-core business segments of the Company.</li><li>The company future funds requirements, in the form of issue of capital or securities and/or loans taken by it, may be prejudicial to the interest of the shareholders depending upon the terms on which they are eventually raised.</li><li>Subsequent to the listing of the Equity Shares, its may be subject to surveillance measures, such as the Additional Surveillance Measures and the Graded Surveillance Measures by the Stock Exchanges in order to enhance the integrity of the market and safeguard the interest of investors.</li><li>There are restrictions on daily / weekly / monthly movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.</li><li>The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.</li><li>After this Issue, the price of the Equity Shares may be highly volatile, or an active trading market for the Equity Shares may not develop.</li><li>The Issue price of the company Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the market price of the company Equity Shares may decline below the Issue price and you may not be able to sell your Equity Shares at or above the Issue Price.</li><li>You will not be able to sell immediately on Stock Exchange any of the Equity Shares you purchase in the Issue until the Issue receives appropriate trading permissions.</li><li>QIB and Non-Institutional investors are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting the Bid.</li><li>Sale of Equity Shares by the company Promoter or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.</li></ul>

The Issue type of Current Infraprojects Ltd is Book Building - SME.

The minimum application for shares of Current Infraprojects Ltd is 3200.

The total shares issue of Current Infraprojects Ltd is 5225600.

Initial public offer of 52,25,600 equity shares of face value of Rs. 10/- each ("equity shares") of Current Infraprojects Limited ("the company" or "company" or "issuer") for cash at a price of Rs. 80/- per equity share (including a share premium of Rs.70/- per equity share), aggregating to Rs. 41.80 crores ("the issue"). This issue includes a reservation of 2,68,800 equity shares of face value of Rs. 10/- each aggregating to Rs. 2.15 crores (constituting to 1.40% of the post-issue paid up equity share capital of the company) for subscription by the market maker ("market maker reservation portion") and reservation of 99,200 equity shares of face value of Rs. 10/- each, aggregating to Rs. 0.79 crores (constituting to 0.52% of the post-issue paid up equity share capital of the company) for subscription by the eligible employees (the "employees reservation portion"). The issue less market maker reservation portion and the employee reservation portion is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 27.29% and 25.37% respectively of the fully diluted post issue paid up equity share capital of the company.