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Anand Rathi, Arihant Capital Markets Ltd, BP Equities (BP Wealth), Canara Bank Securities Ltd, Dilip Davda, Geojit Securities Ltd, GEPL Capital Ltd, KR Choksey Securities Ltd, Marwadi Shares and Finance Ltd, Mehta Equities, SMIFS Limited and Swastika Investmart Ltd have given "Apply" recommendation to Afcons Infrastructure IPO. Capital Market, cholamandalam securities limited and Nirmal Bang have "Neutral" view about the IPO. Axis Capital, HDFC Securities Limited, JM Financial Services Limited (JMFS), SBICAP Securities Limited and Systematix Shares and Stocks (India) Limited have "Not Rated" the IPO.
| Review By | Apply | May Apply | Neutral | Avoid | Not Rated |
|---|---|---|---|---|---|
| Count | 12 | 0 | 3 | 0 | 5 |
| % | 60.00 | 0.00 | 15.00 | 0.00 | 25.00 |
| Reviewer | Recommendation | Past Reviews |
|---|---|---|
Anand Rathi |
Apply |  |
| Arihant Capital Markets Ltd |
Apply | |
| Axis Capital |
Not Rated | |
| BP Equities (BP Wealth) |
Apply | |
| Canara Bank Securities Ltd |
Apply | |
| Capital Market |
Neutral | |
| cholamandalam securities limited |
Neutral | |
| Dilip Davda | Apply | |
| Geojit Securities Ltd |
Apply | |
| GEPL Capital Ltd |
Apply | |
| HDFC Securities Limited |
Not Rated | |
| JM Financial Services Limited (JMFS) |
Not Rated | |
| KR Choksey Securities Ltd |
Apply | |
| Marwadi Shares and Finance Ltd |
Apply | |
| Mehta Equities |
Apply | |
| Nirmal Bang |
Neutral | |
| SBICAP Securities Limited |
Not Rated | |
| SMIFS Limited |
Apply | |
| Swastika Investmart Ltd |
Apply | |
| Systematix Shares and Stocks (India) Limited |
Not Rated | |
The Captial Market (CapitalMarket.com) rating for Afcons Infrastructure IPO is 44. Their analysis recommends Avoid, however active risk seekers can try for the IPO.
| Reviewer | Rating Score | Rating |
|---|---|---|
| Capital Market | 44 | Avoid, however active risk seekers can try |
[Dilip Davda] The company is a flagship infrastructure company of Shapoorji Pallonji group and has well diversified activities and around 30% export revenues. It marked steady growth in its top and bottom lines for the reported periods. It has 30% export revenues and as of September 30, 2024, its order book stood at Rs. 40+K cr. On the basis of FY25 annualized earnings and FY24 earnings, the issue appears fully priced. Investors may park funds for medium to long term in this dividend paying company. Read detail review...
Afcons Infrastructure Limited peer comparison with similar listed entities. (As on March 31, 2023)
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Afcons Infrastructure Limited | 13.2 | 13.2 | 92.59 | 12.58 | Consolidated | ||
| Larsen & Toubro Ltd. | 93.96 | 93.88 | 623.15 | 37.14 | 15.24 | 5.6 | Consolidated |
| Kec International Ltd.` | 13.49 | 13.49 | 155.32 | 74.67 | 8.68 | 6.5 | Consolidated |
| Kalpataru Projects International Limited | 31.37 | 31.37 | 308.36 | 42.2 | 10.17 | 4.3 | Consolidated |
| Dilip Buildcon Ltd | 13.75 | 13.36 | 298.85 | 37.63 | 4.44 | 1.68 | Consolidated |
Notes for Listed Peers:
Afcons Infrastructure IPO Reviews, analysis and views by popular members. Read Afcons Infrastructure Limited IPO reviews by retail investors to find recommended ipo to buy.
Post Recommendation Manage Your IPO Reviews
| Review By | Apply | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Count | 6 | 2 | 0 | 8 |
| % | 37.50 | 12.50 | 0.00 | 50.00 |
| Member | Review |
|---|---|
| Saudagar |
Apply for Long Term at Cut-off Price
|
| SurajPatel |
Avoid Market Sentimental not so supportive
|
| Dhanvantri |
Avoid Deepak Builder on listing ,20% down Waree Listing was below expectations so Avoid.
|
| junior Investor |
Avoid Now a days ipo are punished, see hyundai, Deepak, waaree.... Not a sweat spot... Better to avoid for time being, don't apply if qib is less than 30 time
|
| DR RAM |
May Apply for Long Term at Upper Price Band Company is in special business with good record.But OFS size is grater than FRESH ISSUE this may cause lower interest of investors.Debt to equity is on higher sight.Possibly if market falls on listing premium may be zero.So if you are safe player wait But for long term investors this will be a good investment.
|
| VIVEK LODARIYA |
May Apply for Long Term at Upper Price Band GOOD FOR LONG TERM
|
| KrishnaJii |
Avoid Company with a liquidity crisis and asking for such a higher valuation. Management is trying to squeeze money from investors. Even Larsen and Toubro are trading at 34 PE.
|
| IPO mining (200+ Posts) |
Avoid Another construction another discount
|
| Abhijeet Kumar |
Avoid its clear cut avoid IPO where the aim is just to give exit to promoters at absurd high valuations. Even if analyse the anchor book considering the large size of IPO its surprising that SBI MF and GIC who are the top quality invetsors are absent. If they dont participate in any large size ipo its clear cut indication of problems in the internals of the company
|
| UMESH KUMAR BANGUR |
Avoid Very high P/E Post IPO and fully priced, No scope for investors to earn any profit out of investment.
|
| chIPOrgarh (300+ Posts) |
Avoid For me 5K-5.5K Mcap is appropriate but 17K is highly overvalued.
|
| Rakesh Baranwal |
Apply for Long Term at Upper Price Band Good financial, good track records & order book, belongs to infra sector which has very bright future in india .it operates in marine and industrial projects, surface transport, urban infrastructure, hydro and underground projects, and oil and gas projects..go for it.
|
| BSEBULL |
Apply for Listing Gain at Upper Price Band Looking good financials
|
| Pradeep Bishnoi |
Apply for Long Term at Upper Price Band Fundamentals are good. Experienced promotors.
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| SAMPATKUMAR B ARATTI |
Apply for Listing Gain at Cut-off Price good financial performence
|
| Rohit makhija |
Apply for Long Term at Cut-off Price Good for listing gains as well as long term as I heard
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Post Recommendation Manage Recommendations
Note:
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| Link|October 14, 2024 12:29:43 AMReply
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