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Afcons Infrastructure Limited IPO (Afcons Infrastructure IPO) Detail

Afcons Infrastructure IPO is a book built issue of Rs 7,000.00 crores. The issue is a combination of fresh issue of Rs 1,250.00 crores and offer for sale of Rs 5,750.00 crores.

Afcons Infrastructure IPO dates are yet to be announced.

Afcons Infrastructure IPO price bands are yet to be announced.

ICICI Securities Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), Jefferies India Private Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd, Nuvama Wealth Management Limited and SBI Capital Markets Limited are the book running lead managers of the Afcons Infrastructure IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Afcons Infrastructure IPO DRHP for detailed information.

Afcons Infrastructure IPO Details

IPO Date to
Listing Date [.]
Face Value ₹10 per share
Price [.] to [.] per share
Lot Size
Total Issue Size[.] shares
(aggregating up to ₹7,000.00 Cr)
Fresh Issue[.] shares
(aggregating up to ₹1,250.00 Cr)
Offer for Sale[.] shares of ₹10
(aggregating up to ₹5,750.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue340,738,269

Afcons Infrastructure IPO Reservation

Investor Category Shares Offered
QIB Shares OfferedNot more than 50.00% of the Net Issue
Retail Shares OfferedNot less than 35.00% of the Net Issue
NII (HNI) Shares OfferedNot less than 15.00% of the Net Issue

Afcons Infrastructure IPO Promoter Holding

The promoters of the Company are Goswami Infratech Private Limited, Shapoorji Pallonji and Company Private Limited and Floreat Investments Private Limited.
Share Holding Pre Issue 99.48%
Share Holding Post Issue

About Afcons Infrastructure Limited

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

  1. 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.
  2. Surface transport projects cover highways, roads, interchanges, mining-related infrastructure, and railways.
  3. Urban infrastructure projects include elevated and underground metro works, bridges, flyovers, and elevated corridors.
  4. Hydro and underground projects cover dams, barrages, tunnels (including large road tunnels), and underground works, water, and irrigation.
  5. 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.

Company Financials

Afcons Infrastructure Limited Financial Information (Restated Consolidated)

Afcons Infrastructure Limited's revenue increased by 6% and profit after tax (PAT) rose by 9% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets16,233.6414,301.2512,973.7712,489.94
Revenue13,646.8812,844.0911,269.559,521.12
Profit After Tax449.76410.86357.61169.91
Net Worth3,155.062,691.032,369.47
Reserves and Surplus2,718.552,132.55
Total Borrowing1,562.821,555.21,588.59
Amount in ₹ Crore

Objects of the Issue (Afcons Infrastructure IPO Objectives)

The Company proposes to utilise the Net Proceeds towards funding 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

Afcons Infrastructure IPO Prospectus

Afcons Infrastructure IPO Rating

3
3.7
Rating:Rated 3.7 stars
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Afcons Infrastructure Limited Contact Details

Afcons Infrastructure Limited
Afcons House, 16 Shah Industrial Estate,
Veera Desai Road
ndheri (West), Mumbai,-400053
Phone: 022 67191214
Email: gaurang@afcons.com
Website: https://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: https://linkintime.co.in/initial_offer/public-issues.html

Afcons Infrastructure IPO FAQs

Afcons Infrastructure IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹7,000.00 Crores. The issue is priced at [.] to [.] per share. The minimum order quantity is .

The Afcons Infrastructure IPO open and close dates are not available as of now.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Afcons Infrastructure IPO using UPI as a payment gateway. Zerodha customers can apply in Afcons Infrastructure IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Afcons Infrastructure IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Afcons Infrastructure IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Afcons Infrastructure IPO dates are not announced. Please check back again after some time.

Afcons Infrastructure IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Afcons Infrastructure IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Afcons Infrastructure IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Afcons Infrastructure IPO allotment status.

The Afcons Infrastructure IPO listing date is not yet announced. The tentative date of Afcons Infrastructure IPO listing is [.].
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