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Bidding Date
25-Oct-2024 to
29-Oct-2024
Issue Size
₹5430 Cr
Price Band
₹440 to ₹463
Allotment date
30-Oct-2024
Listing date
04-Nov-2024
Lot size
32
No. of shares
11,72,78,618
Fresh issue/OFS
₹1250 Cr/₹4180 Cr
Established in 1976, Afcons Infrastructure Ltd is the flagship infrastructure, engineering, and construction entity of the Shapoorji Pallonji Group, a prominent Indian conglomerate. This company operates primarily in the infrastructure sector, focusing on a wide range of projects across various business verticals. The company’s notable achievements include completing 79 projects in 17 countries, with a historic executed contract value of Rs 563.05 billion. Its projects span multiple geographies, particularly in Asia, Africa, and the Middle East, showcasing its international presence. The company has established strong relationships with notable clients, such as: Arcelor Mittal, ARISE Integrated Industrial Platforms, IHI Corporation and Reliance Industries Limited etc.
Read our in-depth analysis of the Afcons Infrastructure Ltd. IPO Here 
Category
Status
QIBs
3.8x
NIIs
5.1x
Retail
0.9x
Others
1.7x
Total
2.6x
| Name | Price Band (Rs) | Bidding Date |
|---|---|---|
| Novus Loyalty | 139 - 146 | 17-Mar-2026 to 20-Mar-2026 |
| Powerica | 375 - 395 | 24-Mar-2026 to 27-Mar-2026 |
| Amir Chand Jagdish Kumar (Exports) | 201 - 212 | 24-Mar-2026 to 27-Mar-2026 |
| Highness Microelectronics | 114 - 120 | 24-Mar-2026 to 27-Mar-2026 |
The issue size of Afcons Infrastructure is ₹5,430.00 Cr.
Afcons Infrastructure falls into Construction & Engineering industry.
The Afcons Infrastructure IPO will be listed on both NSE and BSE.
The open and close dates for the Afcons Infrastructure are 25-Oct-2024 & 29-Oct-2024.
The price band for the Afcons Infrastructure ipo is ₹440 to ₹463
The listing date of Afcons Infrastructure IPO is 04-Nov-2024.
The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.
Afcons Infrastructure total subscription ratio is 2.6X.
Key financial of the Afcons Infrastructure are:
| Afcons Infrastructure | FY-24 | FY-23 | FY-22 |
|---|---|---|---|
| Revenue (₹ Cr) | 13267.5 | 12637.38 | 11018.97 |
| EBIT (₹ Cr) | 870.5 | 839.03 | 580.7 |
| Proft after Tax (₹ Cr) | 449.76 | 410.86 | 357.61 |
| Debt (₹ Cr) | 2451.27 | 1562.82 | 1555.2 |
| Net Worth (₹ Cr) | 3597.51 | 3177.28 | 2702.8 |
| RoE (%) | 12.5 | 12.93 | 13.23 |
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