Afcons Infrastructure Limited IPO Opens On October 25. Check IPO Details Issue Date Price

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Afcons Infrastructure Limited IPO Opens On October 25. Check IPO Details Issue Date Price

October 24, 2024
Afcons Infrastructure Limited IPO Opens On October 25. Check IPO Details Issue Date Price

Afcons Infrastructure Limited is coming out with a fresh public issue to raise Rs. 5430 crores from the market.

Below are the details of the Afcons Infrastructure Limited IPO:

  • Issue opens – October 25 (Friday)
  • Issue closes – October 29 (Tuesday)
  • Issue size – Rs. 5430 crores
  • Price band – Rs. 440 to 463 per equity share
  • Bid lot – 32 shares and in multiples thereof.

And here are some details of the company and further details on the IPO.

Company Details:

  • Afcons is the flagship infrastructure, engineering and construction company of the Shapoorji Pallonji group (i.e., the group’s leading engineering and construction company), a diversified Indian conglomerate, and have a legacy of over six decades. Company has a strong track record of executing numerous complex, challenging and unique engineering, procurement and construction (“EPC”) projects both within India and internationally.
  • Afcons is one of India’s largest international infrastructure companies (According to the Fitch Report) as per the 2023 ENR (Engineering News-Record, US) Top International Contractors rankings, based on International Revenue for the Financial Year 2023. During the period comprising the last eleven financial years and the three[1]month period ended June 30, 2024, company has successfully completed 79 projects across 17 countries with a total historic executed contract value of ?563.05 billion.
  • As of June 30, 2024, company have 65 active projects (i.e., ongoing projects) across 12 countries, aggregating to an order book of ?317.47 billion. Among large infrastructure construction companies in India analysed in the Fitch Report, company had the highest ROCE and EBITDA margins and the second highest ROE and PAT margins for the Financial Year 2024, and company’s PAT has grown at the fastest rate between the Financial Years 2022 and 2024 (Source: Fitch Report).
  • Projects cover five major infrastructure business verticals: a) Marine and Industrial: covering ports and harbour jetties, dry docks, wet basins, breakwaters, outfall and intake structures, liquefied natural gas tanks and material handling systems. b) Surface Transport: covering highways and roads, interchanges, mining related infrastructure and railways. c) Urban Infrastructure: covering elevated and underground metro works, bridges, flyovers and elevated corridors. d) Hydro and Underground: covering dams and barrages, tunnels (including large road tunnels) and underground works, water and irrigation. e) Oil and Gas: covering both offshore and onshore oil and gas projects.

Issue Size: Rs. 5430 Cr

Employee Reservation: Equity Shares aggregating up to Rs. 25 Cr

Employee Discount: Rs. 44 per Equity Share

Issue break-up:

QIB – 50 % of the net offer – Rs. 2702.50 Cr.
NIB – 15 % of the net offer – Rs. 810.75 Cr.
RET – 35 % of the net offer – Rs. 1891.75 Cr.

Listing: BSE & NSE

Registrar: Link Intime India Private Limited

UPI : All Retail & NII Bidders (bids up to Rs. 5,00,000) Applications through brokers are compulsorily in UPI Mode

Note

Application made using third party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e., Tuesday, October 29th, 2024.

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