Afcons Infrastructure IPO Date, Review, Price, Allotment Details

Afcons Infrastructure IPO is opening for subscription on October 25, 2024, and closing on October 29, 2024. This Main-board IPO aims to raise ₹5430.00 Crores, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the Afcons Infrastructure IPO is fixed at ₹[.] to ₹[.] per Share, with a market lot of TBA Shares. The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Afcons Infrastructure IPO Allotment will done on November 4, 2024, and Afcons Infrastructure IPO listing date is November 6, 2024.

 

Afcons Infrastructure Company Profile

Afcons Infrastructure Limited is a leading engineering and construction firm based in India, renowned for its expertise in executing complex infrastructure projects. As a flagship company of the Shapoorji Pallonji Group, Afcons has a rich legacy that spans over six decades, establishing itself as a key player in the infrastructure sector both domestically and internationally.

Core Business and Services

Afcons specializes in Engineering, Procurement, and Construction (EPC) projects across various sectors, including transportation, urban infrastructure, water supply, and energy. The company has been involved in a multitude of large-scale projects, including:

• Roads and Highways: Constructing and upgrading national highways, expressways, and rural roads.
• Railways: Engaging in railway infrastructure development, including bridges, tunnels, and electrification projects.
• Urban Infrastructure: Developing metro rail systems and other urban transport projects that enhance city connectivity.
• Hydraulic Engineering: Implementing water supply and drainage systems, along with dam construction and irrigation projects.
• Energy: Involved in renewable energy projects, particularly in wind and solar sectors.

Afcons has successfully completed many notable projects, including some of the largest metro rail systems in India and intricate road networks that facilitate smoother transit and connectivity.

Global Presence

Afcons has expanded its footprint beyond India, establishing a strong presence in international markets, particularly in Asia, Africa, and the Middle East. The company has undertaken numerous projects across these regions, navigating diverse regulatory and operational landscapes while maintaining high-quality standards. This international experience has contributed to Afcons’ reputation as one of India’s largest international infrastructure companies, as recognized by the 2023 Engineering News-Record (ENR) rankings.

Achievements and Recognition

Afcons has received various accolades and certifications for its commitment to excellence and innovation. In 2023, the company was awarded the status of a Five Star Export House by the Indian government, acknowledging its contributions to international trade and its efforts in enhancing India’s position in the global market.

The company is also known for its emphasis on customer feedback and adaptability, ensuring that it meets client expectations and provides tailored solutions to complex challenges. Afcons actively engages in research and development to implement innovative technologies and methodologies in its projects, which enhances efficiency and sustainability.

Commitment to Sustainability Afcons Infrastructure places a strong emphasis on sustainability in its operations. The company is committed to minimizing its environmental impact and actively incorporates sustainable practices in its project execution. This includes utilizing eco-friendly materials, optimizing resource usage, and adhering to stringent environmental regulations.

Future Outlook As Afcons Infrastructure prepares for its upcoming IPO, it aims to leverage the capital raised to further enhance its project execution capabilities and expand its portfolio. The company is well-positioned to benefit from the increasing demand for infrastructure development in India and abroad, driven by government initiatives and investments in various sectors.

With a strong foundation, extensive experience, and a commitment to innovation, Afcons Infrastructure is poised to play a significant role in shaping the future of infrastructure development in India and beyond. The company’s ability to execute complex projects, combined with its focus on sustainability and customer satisfaction, positions it as a leader in the infrastructure domain.

 

Afcons Infrastructure IPO GMP

 

Afcons Infrastructure IPO Objectives

The funds raised through the IPO will be utilized for:

1. Augmenting additional working capital requirements
2. General Corporate Purposes

 

Afcons Infrastructure IPO Key Details

• Afcons Infrastructure IPO Open Date: October 25, 2024
• Afcons Infrastructure IPO Close Date: October 29, 2024
• Afcons Infrastructure IPO Size: Approximately ₹5430.00 Crores, Equity Shares
• Face Value: ₹10 Per Equity Share
• Afcons Infrastructure IPO Price Band: ₹[.] to ₹[.] per Equity Share
• Afcons Infrastructure IPO Listing on: NSE & BSE
• Retail Quota: 35% of the net offer
• QIB Quota: 50% of the net offer
• HNI Quota: 15% of the net offer

 

Afcons Infrastructure IPO Timeline

• Afcons Infrastructure IPO Open Date: October 25, 2024
• Afcons Infrastructure IPO Close Date: October 29, 2024
• Basis of Allotment: November 4, 2024
• Refunds: November 5, 2024
• Credit to Demat Account: November 5, 2024
• Afcons Infrastructure IPO Listing Date: November 6, 2024

 

How to Apply for Afcons Infrastructure IPO

Investors can apply for the Afcons Infrastructure IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

Afcons Infrastructure Financial Performance (in Crores)

 

Afcons Infrastructure Valuation FY2023

• Return on Equity (ROE): 13.96%
• Return on Capital Employed (ROCE): 20.04%
• EBITDA Margin: 10.70%
• Profit After Tax Margin: 3.20%
• Earnings Per Share (EPS): ₹12.06 (Basic)
• Return on Net Worth (RoNW): 13.02%
• Net Asset Value (NAV): ₹92.59

 

Afcons Infrastructure Peer Group

 

Afcons Infrastructure Company Promoters

• Surender Pal Singh Saluja
• Chiranjeev Singh Saluja

 

Afcons Infrastructure IPO Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Phone: +91-22-4918 6270
Email: afconsinfrastructure.ipo@linkintime.co.in

 

Afcons Infrastructure IPO Allotment Status Check

• Check the Afcons Infrastructure IPO allotment status on the Link Intime India website.

 

Afcons Infrastructure IPO Allotment Link

• Check the Afcons Infrastructure IPO allotment on the Check ipo Allotment website.

 

Afcons Infrastructure IPO Lead Managers (Merchant Bankers)

• ICICI Securities Limited
• DAM Capital Advisors Limited
• Jefferies India Private Limited
• Nomura Financial Advisory and Securities (India) Private Limited
• Nuvama Wealth Management Limited
• SBI Capital Markets Limited

 

Afcons Infrastructure Company Address

Afcons House, 16 Shah Industrial Estate, Veera Desai Road,Andheri (West)
Mumbai,Maharashtra-400053 India
Website: https://www.afcons.com/en
Phone: 022 67191214
Email: gaurang@afcons.com

 

Afcons Infrastructure IPO FAQs

 

What is Afcons Infrastructure IPO?

Afcons Infrastructure IPO is a Main-board IPO. They are going to raise ₹5430.00 Crores via IPO. The issue is priced at ₹[.] to ₹[.] per equity share. The IPO is to be listed on NSE & BSE.

 

When will the Afcons Infrastructure IPO open?

The IPO is to open on October 25, 2024, for NII, and Retail Investors.

 

What is Afcons Infrastructure IPO Investors Portion?

The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.

 

How to Apply for the Afcons Infrastructure IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply Afcons Infrastructure IPO through M-Stock?

For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.

 

How to Apply the Afcons Infrastructure IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Afcons Infrastructure IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is Afcons Infrastructure IPO Size?

Afcons Infrastructure IPO size is ₹5430.00 Crores.

 

What is Afcons Infrastructure IPO Price Band?

Afcons Infrastructure IPO Price Band is ₹[.] to ₹[.] per equity share.

 

What is Afcons Infrastructure IPO Minimum and Maximum Lot Size?

The IPO bid is TBA Shares with ₹14,470.

 

What is Afcons Infrastructure IPO Allotment Date?

Afcons Infrastructure IPO allotment date is November 4, 2024.

 

What is Afcons Infrastructure IPO Listing Date?

Afcons Infrastructure IPO listing date is November 6, 2024. The IPO to list on NSE & BSE.