loader
Afcons Infrastructure IPO
Issue Size (Net)
up to Rs.5,430.00 Cr
Price Band
Rs.440 to Rs.463 per share
Issue Opens
October 25, 2024
Issue Closes
October 29, 2024

Company Highlights

1.Company Information

Incorporated in 1959, Afcons Infrastructure Limited is an infrastructure engineering and construction company of the Shapoorji Pallonji group, with a legacy of over six decades.

As of September 30 2023, the company has completed 76 projects across 15 countries with a total historic executed contract value of Rs 522.20 billion.

As of September 30, 2023, the company has 67 active projects across 13 countries, totaling an order book of Rs 348.88 billion.

The company is globally present in Asia, Africa and Middle East.

The company has five major infrastructure business verticals

Marine and industrial projects include covering ports, harbor jetties, dry docks, wet basins, breakwaters, outfall and intake structures, liquefied natural gas tanks, and material handling systems.
Surface transport projects cover highways, roads, interchanges, mining-related infrastructure, and railways.
Urban infrastructure projects include elevated and underground metro works, bridges, flyovers, and elevated corridors.
Hydro and underground projects cover dams, barrages, tunnels (including large road tunnels), and underground works, water, and irrigation.
Oil and gas projects cover both offshore and onshore oil and gas projects.

Competitive Strength

Strong Track Record of Timely Execution of Large-Scale, Complex and High-Value Projects
Diversified Order Book across Geographies, Clients, and Business Verticals, Longstanding Relationships with Clients Globally, and Strong Financial Performance.
Collaboration among internal teams, JV counterparties, and a strategic equipment base, leading to strong execution capabilities.

2. Objects of the Issue

The Company proposes to utilise the Net Proceeds towards funding the following objects
1.Capital expenditure towards purchase of construction equipment
2. Funding long term working capital requirements
3.Prepayment or scheduled repayment of a portion of certain outstanding borrowings and acceptances availed by the Company
4.General corporate purpose

3.Afcons Infrastructure Limited IPO Registrar
Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: afconsinfrastructure.ipo@linkintime.co.in

Afcons Infrastructure Limited IPO Financial Information (Restated)

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
30-Jun-24
17,184.58
3,213.47
91.59
3,662.25
3,342.52
3,365.10
31-Mar-24
16,233.64
13,646.88
449.76
3,575.05
3,255.22
2,455
31-Mar-23
14,301.25
12,844.09
410.86
3,155.06
2,653.75
1,562.82
Amount in Rs.Crore

Afcons Infrastructure Limited IPO Details

Issue Opening Date
October 25, 2024
Issue Closing Date
October 29, 2024
Face Value
Rs.10 per share
Price
Rs.440 to Rs.463 per share
Lot Size
32 Shares
Issue Size
117,278,618 shares(aggregating up to Rs.5,430.00 Cr)
Fresh Issue
26,997,840 shares(aggregating up to Rs.1,250.00 Cr)
Offer for Sale
90,280,778 shares of Rs.10(aggregating up to Rs.4,180.00 Cr)
Employee Discount
Rs 44 per share
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Share holding pre issue
340,738,269
Share holding post issue
367,736,109

Afcons Infrastructure Limited IPO Timeline (Tentative Schedule)

Event
Tentative Date
Opening Date
Friday, October 25, 2024
Closing 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
Cut-off time for UPI mandate confirmation
5 PM on October 29, 2024

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
  • SSL
Follow Us

SEBI Registration No: NSE Cash: INB231219636 | SEBI Registration No: NSE Derivative: INF231219636 | SEBI Registration No: BSE Cash: INB011219632 | SEBI Registration No: MCX-SX: INE261219636 | SEBI Registration No: NSE Currency: INE231219636 | SEBI Registration No: USE: INE271219631 | SEBI Registration No: CDSL: IN-DP-CDSL-3242005 | NCDEX Membership No: 00635 | MCX Membership No: 28850 | NSEL Membership No: 10650 | RBI Registration No: NBFC: N-14.03215 | IRDA Registration Number : CB-066/03 | AMFI Registration No : ARN -0032| SEBI Registration No: Merchant Banker: INM000007508


* Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.


© 2022 RR Investors Capital Services Pvt. Ltd | All Rights Reserved.