Afcons Infrastructure IPO will be open for subscription on October 25, 2024, and will close on October 29, 2024. Afcons Infrastructure IPO price range is set between ₹440 and ₹463 per share.
Afcons Infrastructure IPO Details
Afcons Infrastructure Limited IPO is a book-built issue of Rs 5,430.00 crores, comprising a fresh issue of 2.7 crore shares and an offer for sale of 9.03 crore shares.
The Afcons Infrastructure IPO is set to open for subscription on October 25, 2024, and close on October 29, 2024, with allotment expected to be finalized on October 30, 2024, and tentative listing on November 4, 2024. Afcons Infrastructure IPO will list on BSE and NSE with tentative listing date fixed as Monday, November 4, 2024.
Afcons Infrastructure IPO is set at ₹440 to ₹463 per share, with a minimum investment requirement of ₹14,816 for retail investors.
Afcons Infrastructure IPO is being led by ICICI Securities Limited, Dam Capital Advisors Ltd, Jefferies India Private Limited, Nomura Financial Advisory And Securities (India), Nuvama Wealth Management Limited, and SBI Capital Markets Limited. Link Intime India Private Ltd is the registrar for the issue.
Refer to Afcons Infrastructure IPO RHP for detailed information.
Afcons Infrastructure IPO Objectives
The company plans to use the net proceeds to fund the following objects.
- Capital expenditure towards purchase of construction equipment
- Funding long term working capital requirements
- Prepayment or scheduled repayment of a portion of certain outstanding borrowings and acceptances availed by the Company
- General corporate purpose
About Afcons Infrastructure
Afcons Infrastructure Limited, established in 1959, is a six-decade-old infrastructure engineering and construction company within the Shapoorji Pallonji group.
The company have a strong track record of executing numerous complex, challenging and unique engineering, procurement and construction (“EPC”) projects both within India and internationally.
Afcons Infrastructure has successfully completed 79 projects across 17 countries with a total historic executed contract value of ₹563.05 billion.
As of June 30, 2024, Afcons Infrastructure has 65 active projects across 12 countries, aggregating to an order book of ₹317.47 billion.
The company has a global presence, primarily in Asia, Africa, and the Middle East.
The company has five major infrastructure business verticals: –>
- Marine and industrial, covering ports and harbour jetties, dry docks, wet basins, breakwaters, outfall and intake structures, liquefied natural gas tanks, and material handling systems.
- Surface transport, covering highways and roads, interchanges, mining related infrastructure, and railways.
- Urban Infrastructure, covering elevated and underground metro works, bridges, flyovers and elevated corridors.
- Hydro and Underground, covering dams and barrages, tunnels (including large road tunnels) and underground works, water, and irrigation.
- Oil and Gas, covering both offshore and onshore oil and gas projects.
Afcons Infrastructure IPO issue size
| Type | Size |
|---|---|
| Total IPO Size | ₹5,430 Crores |
| Offer for Sale | ₹4,180 Crores |
| Fresh Issue | ₹1,250 Crores |
Afcons Infrastructure IPO Date
Afcons Infrastructure IPO opens on October 25, 2024, and closes on October 29, 2024.
| Event | Date |
|---|---|
| IPO Open Date | Friday, October 25, 2024 |
| IPO Close Date | Tuesday, October 29, 2024 |
| Basis of Allotment | Wednesday, October 30, 2024 |
| Initiation of Refunds | Thursday, October 31, 2024 |
| Credit of Shares to Demat | Thursday, October 31, 2024 |
| Listing Date | Monday, November 4, 2024 |
Afcons Infrastructure IPO Lot size
Investors can bid for a minimum of 32 shares and in multiples thereof. The table outlines the minimum and maximum investment amounts and shares by retail investors and HNI in terms of shares.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 32 | ₹14,816 |
| Retail (Max) | 13 | 416 | ₹192,608 |
| S-HNI (Min) | 14 | 448 | ₹207,424 |
| S-HNI (Max) | 67 | 2,144 | ₹992,672 |
| B-HNI (Min) | 68 | 2,176 | ₹1,007,488 |
Afcons Infrastructure Financial Performance Overview
Afcons Infrastructure Limited experienced a 6% revenue increase and a 9% increase in profit after tax (PAT) between March 31, 2024 and March 31, 2024.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | ₹17,184.58 | ₹16,233.64 | ₹14,301.25 | ₹12,973.77 |
| Revenue | ₹3,213.47 | ₹13,646.88 | ₹12,844.09 | ₹11,269.55 |
| Profit After Tax | ₹91.59 | ₹449.76 | ₹410.86 | ₹357.61 |
| Net Worth | ₹3,662.25 | ₹3,575.05 | ₹3,155.06 | ₹2,691.03 |
| Reserves and Surplus | ₹3,342.52 | ₹3,255.22 | ₹2,653.75 | ₹2,190.11 |
| Total Borrowing | ₹3,365.10 | ₹2,455.00 | ₹1,562.82 | ₹1,555.20 |
Afcons Infrastructure IPO SHAREHOLDER Quota
Goswami Infratech Private Limited, Shapoorji Pallonji and Company Private Limited, and Floreat Investments Private Limited are the company’s promoters.
Shareholding Information
- Shareholding Pre-Issue: 99.48%
- Shareholding Post-Issue: (To be updated after the issue)
Afcons Infrastructure Limited Contact Details
Afcons Infrastructure Limited
Afcons House, 16 Shah Industrial Estate,
Veera Desai Road,
Andheri (West), Mumbai – 400053
Phone: 022 67191214
Email: gaurang@afcons.com
Website: www.afcons.com/en
Afcons Infrastructure IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: afconsinfrastructure.ipo@linkintime.co.in
Website: linkintime.co.in
Afcons Infrastructure IPO PAQ
- Afcons Infrastructure IPO parent company :—> Afcons is a part of the Shapoorji Pallonji Group, one of the oldest and most respected business conglomerates in India.
- When is Afcons Infrastructure IPO allotment? :—> The basis of allotment for Afcons Infrastructure IPO is set to be finalized on Wednesday, October 30, 2024.
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