Afcons Infrastructure Limited
IPO Details
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₹15(3.24%)
Premium (ELP)
Afcons Infrastructure Limited's successfully completed its Initial Public Offering and commenced trading on Nov 04, 2024 at the NSE, BSE exchange. The company raised 11,73,27,139 Shares through this public offering, comprising 2,70,46,362 Shares in fresh capital and ₹4178.27 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹440 to ₹463, with minimum application lots of 32 shares. The offering attracted significant investor interest during its subscription period from Oct 25, 2024 to Oct 29, 2024.
Share allotment was finalized on Oct 31, 2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Afcons Infrastructure Limited, incorporated in 1959 and part of the Shapoorji Pallonji group, is a leading infrastructure engineering and construction company with over six decades of experience. As of September 30, 2023, the company has successfully completed 76 projects across 15 countries, amounting to a total executed contract value of Rs 522.20 billion, and currently manages 67 active projects in 13 countries with an order book of Rs 348.88 billion. Afcons operates through five key business verticals: Marine and Industrial Projects (ports, harbor jetties, dry docks, LNG tanks), Surface Transport Projects (highways, roads, railways), Urban Infrastructure (metro works, flyovers), Hydro and Underground Projects (dams, tunnels, irrigation systems), and Oil & Gas Projects (offshore and onshore). With a strong global presence, the company delivers critical infrastructure solutions across diverse sectors, establishing itself as a trusted partner in complex engineering and construction projects.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Diverse Expertise: Strong capabilities across marine, industrial, surface transport, and urban infrastructure projects.
- Global Presence: Completed and ongoing projects in multiple countries across Asia, Africa, and the Middle East.
- Robust Order Book: Order book of ₹348.88 billion as of Sept 30, 2023, indicating strong demand and project pipeline.
- Contract Dependency: Financial performance is sensitive to winning new contracts and qualifying for key projects.
- Government Reliance: Heavy dependence on government projects exposes the company to policy changes, delays, and funding risks.
- Capital-Intensive Operations: High capital requirements and potential cash flow or financing constraints may impact operations and stability.
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