Afcons Infrastructure IPO is set to open on October 25, 2024, and will close on October 29, 2024. The Afcons Infrastructure IPO is a Book Built Issue, aiming to raise approximately ₹5,430 crores. This includes a fresh issue of ₹1,250 crores and an offer for sale of up to ₹4,180 crores. The face value of each share is ₹10.
Afcons Infrastructure IPO price band is set between ₹440 to ₹463 per share. The quota allocation is 35% for Retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for Non-Institutional Investors (HNI). The Afcons Infrastructure IPO is scheduled to list on BSE and NSE on November 4, 2024, with the allotment announcement on October 30, 2024.
The company reported revenue of ₹12,844.1 crores in 2023, compared to ₹11,269.55 crores in 2022. It posted a profit of ₹410.86 crores in 2023, compared to a profit of ₹357.61 crores in 2022. Based on the financials, IPO investors are advised to apply for the IPO for gains in the long term.
Table of Contents
Afcons Infrastructure IPO Details
| Overview Points | Description |
|---|---|
| Company Name | Afcons Infrastructure |
| Industry | Infrastructure |
| IPO Issue Type | Book Built Issue |
| IPO Opening Date | 25 October, 2024 |
| IPO Closing Date | 29 October, 2024 |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹440-₹463 Per Share |
| Total Issue Size | Approx. ₹5,430 Crores |
| Fresh Issue | Approx ₹1,250 Crores |
| Offer For Sale | Approx. ₹4,180 Crores |
| Listing on | BSE & NSE |
| Lot Size | 32 Shares |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to NII (HNI) | 15% |
| DRHP Draft Prospectus | DRHP |
| RHP Draft Prospectus | RHP |
Afcons Infrastructure IPO Market Lot
The Afcons Infrastructure IPO has a minimum lot size of 32 shares, with an amount of ₹14,816. Retail investors can apply for up to 13 lots with 416 shares or ₹1,92,608.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 32 | ₹14,816 |
| Retail (Max) | 13 | 416 | ₹1,92,608 |
| S-HNI (Min) | 14 | 448 | ₹2,07,424 |
| B-HNI (Min) | 68 | 2,176 | ₹10,07,488 |
Afcons Infrastructure IPO Dates
The Afcons Infrastructure IPO opens on October 25, 2024, and closes on October 29, 2024. The allotment will be announced on October 30, 2024, and the IPO will be listed on November 4, 2024.
| Events | Date |
|---|---|
| IPO Open Date | October 25, 2024 |
| IPO Close Date | October 29, 2024 |
| Basis of Allotment | October 30, 2024 |
| Refunds | October 31, 2024 |
| Credit to Account | October 31, 2024 |
| IPO Listing Date | November 04, 2024 |
About Afcons Infrastructure
Afcons Infrastructure Limited is located in Afcons Home, 16 Shah Industrial Estate, Veera Desai Roadway, Andheri (West), Mumbai, Maharashtra, 400053, India. The business’s front runner is the framework engineering and building and construction company of the Shapoorji Pallonji team, a varied Indian corporation, and has a legacy of over six years. They have a strong and substantial performance history of performing various facility, challenging, and distinct EPC tasks both within India and internationally.
According to the Fitch Record, they are one of India’s largest global infrastructure companies, according to the 2023 ENR (Engineering News-Record, US) Top International Contractors rankings, based on International Revenue for the Fiscal Year 2023. For many years, they have actually broadened their visibility internationally and particularly throughout Asia, Africa, and the Middle East. They have embarked on lots of complicated, challenging, distinct, and ‘first of its kind’ infrastructure tasks in India et cetera of the world.
The company was likewise accorded the status of 5 star Export Home in accordance with the provisions of the Foreign Trade Policy 2023 by the Indian government in 2023. This firm’s strong point is to notice customers’ comments and versatility and immediate solutions according to their issues.
Promoters of Afcons Infrastructure
- Goswami Infratech Private Limited
- Shapoorji Pallonji and Company Private Limited
- Floreat Investments Private Limited
Afcons Infrastructure Financial Report
The company reported revenue of ₹12,844.1 crores in 2023, compared to ₹11,269.55 crores in 2022. It posted a profit of ₹410.86 crores in 2023, compared to a profit of ₹357.61 crores in 2022.
| 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 | ₹1,562.82 | ₹1.555.2 |
| Amount in ₹ Crores | ||||
Key Performance Indicator
Market Capitalization of Afcons Infrastructure is ₹17,026.18 Crores.
| KPI | Values |
|---|---|
| ROE | 10.55% |
| ROCE | 14.89% |
| Debt to Equity | 0.91 |
| EPS | ₹13.20 |
| Return on Networth (RoNW) | 2.50% |
| P/BV | 4.31 |
| PAT Margin | 2.85% |
| KPI as of June 30, 2024. | |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW | NAV | Income |
|---|---|---|---|---|---|
| Larsen & Tourbo Limited | 93.96 | 37.14 | 15.24% | 623.15 | 2,211,12.91 Crores |
| KEC International Limited | 13.49 | 74.67 | 8.68% | 155.32 | 199,14.17 Crores |
| Kalpataru Projects International Limited | 31.37 | 42.20 | 10.17 | 308.36 | 196,26.43 Crores |
| Dilip Buildcon Limited | 13.75 | 37.63 | 4.44% | 298.85 | 120,11.90 Crores |
Objective of the Issue
- 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
Afcons Infrastructure IPO GMP (Grey Market Premium)
To check real-time Grey Market Premium (GMP on IPO) of Afcons Infrastructure, please visit the IPO GMP page.
Afcons Infrastructure Subscription Status
This IPO subscription kicks off on October 25, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Afcons Infrastructure Allotment Status
To check the Afcons Infrastructure IPO allotment status, visit the IPO registrar website Link Intime or go to the IPO Allotment page.
IPO Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 81081 149499
Email: afconsinfrastructure.ipo@linkintime.co.in
Website: www.linkintime.co.in
IPO Lead Managers
- ICICI Securities Limited
- DAM Capital Advisors Limited
- Jefferies India Private Limited
- Nomura Financial Advisory and Securities (India) Private Limited
- Nuvama Wealth Management Limited
- SBI Capital Markets Limited
Afcons Infrastructure Contact
Afcons Infrastructure Limited
Afcons House, 16 Shah Industrial Estate,
Veera Desai Road, Andheri (West),
Mumbai-400053,
Maharashtra, India
Phone: 022-67191214,
Email: gaurang@afcons.com
Website: www.afcons.com
FAQs
When will the Afcons Infrastructure IPO open for subscription?
The IPO is set to open on October 25, 2024, for QIB, NII, and retail investors, and will close on October 29, 2024.
What is the price band for Afcons Infrastructure IPO?
The price band for Afcons Infrastructure IPO is set between ₹440 to ₹463 per equity share.
What is the minimum investment required for Afcons Infrastructure IPO?
The minimum investment for Afcons Infrastructure is ₹14,816 with 32 Shares.
When will the Afcons Infrastructure shares be allotted?
The allotment date for Afcons Infrastructure is October 30, 2024.
When will the Afcons Infrastructure shares be listed?
The listing date for Afcons Infrastructure is November 04, 2024.
Note: The Afcons Infrastructure IPO price band and date have been officially announced. The Afcons Infrastructure IPO Grey Market Premium (GMP) will be added to the IPO GMP page as soon as it becomes available.
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