Afcons Infrastructure Ltd. IPO
Issue Price
₹463
GMP
—
Lot Size
32
Face Value
₹10
Issue Size
117,327,139 shares (aggregating up to ₹5,430 Cr)
Subscription
—
IPO Timeline
Open Date25-Oct-24
Close Date29-Oct-24
Allotment30-Oct-24
Refund Initiation31-Oct-24
Demat Credit31-Oct-24
UPI Mandate Deadline29-Oct-24
Listing Date4-Nov-24
Lock-in (30%)29-Nov-24
Lock-in (50%)28-Jan-25
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 58,369,329 (50%) | — | ₹270,250 Cr |
| NII (HNI) | — | 17,510,800 (15%) | — | ₹81,075 Cr |
| Retail | — | 40,858,532 (35%) | — | ₹189,175 Cr |
| Employee | — | 596,658 (1%) | — | ₹276 Cr |
| Σ Total | — | 117,335,319 (100%) | — | ₹5,432,625 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Issue Price / Price Band₹463
Face Value₹10
Lot Size32 shares
Issue Size117,327,139 shares (aggregating up to ₹5,430 Cr)
Issue TypeBookbuilding IPO
Listing ExchangeNSE & BSE
Sale TypeFresh Capital-cum-Offer for Sale
Script Code—
Fresh Issue27,046,362 shares (aggregating up to ₹1,252 Cr)
Offer for Sale90,280,777 shares of ₹10 (aggregating up to ₹4,178 Cr)
Net Offer to Public—
Amount InCrore
Stock Price History · BSE
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Yahoo Finance · Live
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 32 | ₹14,816 |
| Retail (Max) | 13 | 416 | ₹192,608 |
| S-HNI (Min) | 14 | 448 | ₹207,424 |
| B-HNI (Min) | 67 | 2,144 | ₹992,672 |
Retail1 lot(s)32 shares₹14,816
S-HNI14 lot(s)448 shares₹207,424
B-HNI68 lot(s)2,176 shares₹1,007,488
Financial Statements Amount in Crore
| Metric | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 3,213 | 13,647 | 12,844 |
| Profit After Tax | 92 | 450 | 411 |
| Net Worth | 3,662 | 3,575 | 3,155 |
| Total Assets | 17,185 | 16,234 | 14,301 |
| Reserves & Surplus | 3,343 | 3,255 | 2,654 |
| Total Borrowing | 3,365 | 2,455 | 1,563 |
Valuation & Key Ratios
ROE11%
ROCE15%
RONW3%
PAT Margin3%
EBITDA Margin—
Debt/Equity1
P/BV4
Pre EPS₹13
Post EPS₹10
Pre P/E35
Post P/E46
Grey Market Premium (GMP)
—
Current GMP
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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 –
Company Overview
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.
Company Information
AddressAfcons House, 16 Shah Industrial Estate, Veera Desai Road ndheri (West), Mumbai,-400053 Mumbai, Maharashtra
Phone022 67191214
Emailgaurang@afcons.com
Websitehttps://www.afcons.com/en