Afcons Infrastructure
Mainboard₹14,816 / 32 Shares
Afcons Infrastructure IPO Details
The Afcons Infrastructure IPO price band is set between ₹440-463 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 25 Oct, 2024 and closes on 29 Oct, 2024. Investors can check the allotment status on 30 Oct, 2024, while the listing date is tentatively scheduled for 4 Nov, 2024.
The total issue size is Total ₹5,430 Cr :#Fresh Issue : 26,997,840 shares, aggregating up to ₹1,250 Cr. Stay tuned for the latest Afcons Infrastructure IPO review and GMP updates.
Afcons Infrastructure IPO Review, Rating & Analysis
Afcons Infrastructure IPO Review
NO REVIEWAfcons Infrastructure IPO Rating
Afcons Infrastructure IPO Highlights
IPO Date
Oct 25, 2024 - Oct 29, 2024
Listing Date
4 Nov, 2024
Face Value
₹10 Per Equity Share
Price Band
₹440-463 per equity share
Lot Size
32 Shares
Fresh Issue
26,997,840 Shares
Offer for Sale
90,280,778 shares of ₹10
Listing At
BSE, NSE
Afcons Infrastructure IPO Lot Size
The minimum market lot for Afcons Infrastructure IPO is 32 shares with an application amount of ₹14,816. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 32 | ₹14,816 |
| Retail (Max) | 13 | 416 | ₹1,92,608 |
| S-HNI (Min) | 14 | 448 | ₹2,07,424 |
| S-HNI (Max) | 67 | 2144 | ₹9,92,672 |
| B-HNI (Min) | 68 | 2176 | ₹10,07,488 |
Afcons Infrastructure IPO Timeline
Issue Price
₹440-463 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
ICICI Securities LimitedDam Capital Advisors Ltd (Formerly Idfc Securities Ltd)Jefferies India Private LimitedNomura Financial Advisory And Securities (India) Pvt LtdNuvama Wealth Management LimitedSBI Capital Markets LimitedIssue Size
Total ₹5,430 Cr :#Fresh Issue : 26,997,840 shares(aggregating up to ₹1,250 Cr) +
#OFS : 90,280,778 shares of ₹10(aggregating up to ₹4,180 Cr)
Afcons Infrastructure IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 24 | 16233.64 | 13646.88 | 449.76 | 3575.05 | 3255.22 | 2455 |
| 31 Mar 23 | 14301.25 | 12844.09 | 410.86 | 3155.06 | 2653.75 | 1562.82 |
| 31 Mar 22 | 12973.77 | 11269.55 | 357.61 | 2691.03 | 2190.11 | 1555.2 |
All values are in ₹ Cr.
Afcons Infrastructure IPO Valuations
EPS Pre IPO
₹13.2/-EPS Post IPO
₹9.96/-PE Pre IPO
35.08PE Post IPO
46.48ROE
10.55%ROCE
14.89%Debt Equity
0.91RoNW
2.50%PAT Margin
2.85Price to Book Value
4.31Promoters & Share Holding
Promoter(s) Name
- Goswami Infratech Private Limited
- Shapoorji Pallonji and Company Private Limited
- Floreat Investments Private Limited
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 99.48% | 67.16% |
About Company
Afcons Infrastructure Limited, the flagship engineering and construction arm of the prestigious Shapoorji Pallonji Group, brings over six decades of expertise in delivering a wide range of innovative and complex EPC projects. With a strong reputation for excellence, Afcons is recognized as one of India’s largest international infrastructure companies, according to the 2023 ENR Top International Contractors rankings.
The company operates in the various industries such as transportation, marine, oil & gas, and urban infrastructure. It has also earned its reputation across the world due to its landmark projects in Asia, Africa, and the Middle East. This indicates that the company is concerned with innovation, excellent engineering accuracy, and efficient operation.
Afcons, as a global business and high-class execution entity, makes its future in the infrastructure domain in India and other parts of the world.
Afcons Infrastructure IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 24,568,181 | 17,510,799 11,673,866 5,836,933 | 40,858,531 | 61,313,722 |
Day 1 -25-10-24 05:00 PM | 0.01 x | 0.11 0.09 x 0.16 x | 0.14 x | 0.10 x |
Day 2 -28-10-24 05:00 PM | 0.08 x | 0.72 0.75 x 0.65 x | 0.36 x | 0.36 x |
Day 3 -29-10-24 05:00 PM | 3.99 x | 5.31 6.63 x 2.67 x | 0.99 x | 2.77 x |
Retail:0.55x
BHNI:1.15x
SHNI:2.52x times
Company Contact Details
Afcons Infrastructure
Afcons House, 16 Shah Industrial Estate, Veera Desai Road, Andheri (West), Mumbai,-400053Registrar Contact Details
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
Frequently Asked Questions about Afcons Infrastructure IPO
When will Afcons Infrastructure IPO open for subscription?
The Afcons Infrastructure IPO opens on 25 Oct, 2024 and closes on 29 Oct, 2024.
What is the investors portion for Afcons Infrastructure IPO?
The investors' portion for QIB is 3.99 x, NII is 6.63 x, and Retail is 0.99 x.
How to apply for Afcons Infrastructure IPO?
You can apply for Afcons Infrastructure IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Afcons Infrastructure IPO?
The issue size of Afcons Infrastructure IPO is approx ₹Total ₹5,430 Cr :#Fresh Issue : 26,997,840 shares(aggregating up to ₹1,250 Cr) +#OFS : 90,280,778 shares of ₹10(aggregating up to ₹4,180 Cr) crores.
What is the price band of Afcons Infrastructure IPO?
The price band for Afcons Infrastructure IPO is ₹440 to ₹463 per equity share.
What is the lot size of Afcons Infrastructure IPO?
The minimum bid (lot size) for Afcons Infrastructure IPO is N/A shares with an investment of approx ₹14,816 .
What is the allotment date of Afcons Infrastructure IPO?
The allotment date for Afcons Infrastructure IPO is 30 Oct, 2024.
What is the listing date of Afcons Infrastructure IPO?
The listing date for Afcons Infrastructure IPO is expected to be 4 Nov, 2024.
What is the GMP of Afcons Infrastructure IPO?
The latest Grey Market Premium (GMP) for Afcons Infrastructure IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.