Afcons Infrastructure IPO (Afcons Infrastructure Limited IPO)
Afcons Infrastructure IPO open for bidding on 25th October 2024 and ends on 29th October 2024.
Afcons Infrastructure Limited is a leading infrastructure development company, specializing in engineering and construction. The company has a strong track record in transportation, energy, and marine projects, both domestically and internationally. With a legacy dating back to 1959, Afcons has consistently delivered complex infrastructure projects across multiple sectors, including railways, highways, metro systems, and offshore oil platforms.
Backed by Shapoorji Pallonji Group, Afcons leverages its engineering expertise and global partnerships to tackle challenging infrastructure needs, providing end-to-end solutions for clients. The company has a reputation for timely delivery and maintaining high-quality standards.
Afcons’ projects are integral to nation-building, playing a critical role in India’s urbanization and industrial growth. Its sustainability-driven approach and focus on innovation ensure it remains a key player in the infrastructure sector.
For more details refer to Afcons Infrastructure IPO RHP and Afcons Infrastructure IPO Pulse Score
Afcons Infrastructure IPO Details
| IPO Date | 25th October 2024 to 29th October 2024 |
| Listing Date | 4th November 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹440 to ₹463 per share |
| Lot Size | 32 Shares |
| Total Issue Size | 12,16,41,547 shares (aggregating up to ₹5,430.00 Cr) |
| Fresh Issue | [●] shares (aggregating up to ₹1,250.00 Cr) |
| Offer for Sale | [●] shares of ₹10 (aggregating up to ₹4,180.00 Cr) |
| Employee Discount | ₹44 per Share |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 3,50,21,597(28.8%) |
| QIB | 2,45,68,181(20.2%) |
| NII | 1,84,26,137(15.1%) |
| bNII | 1,22,84,092(10.1%) |
| sNII | 61,42,045(5%) |
| Retail | 4,29,94,319(35.3%) |
| Employees | 6,31,313(0.5%) |
| Total | 12,16,41,547(100%) |
Afcons Infrastructure IPO Timeline
| IPO Open | 25th October 2024 |
| IPO Close | 29th October 2024 |
| Basis Of Allotment | 30th October 2024 |
| Initiation of Refunds | 31st October 2024 |
| Credit of Shares to Demat | 31st October 2024 |
| Listing Date | 4th November 2024 |
Fundamentals
Data as of 30th June 2024
| Market Cap | ₹17,026.18 Cr | P/E Ratio- Pre IPO | 35.08 |
| RoNW* | 2.50% | P/E Ratio- Post IPO | 46.48 |
| RoCE* | 14.89% | P/B Ratio | 4.31 |
| Debt to Equity | 0.91 | PAT Margin | 2.85% |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on post-issue shareholding and annualized FY earnings for June 2024. RoCE and RoNW are for three months period ended June 30, 2024
Afcons Infrastructure IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Capital expenditure towards purchase of construction equipments
- 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 purposes.
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