Afcons Infrastructure Ltd
Price Range
₹440 - ₹463
Min. Quantity
32
Closes on
29 October 2024
Min. investment
₹14,816/416 Shares
Afcons Infrastructure Ltd IPO Timeline
Afcons Infrastructure Limited originally began its operations as a civil construction firm in 1959 as a partnership between the Rodio Foundation Engineering Limited, Switzerland and Hazarat & Company, India under the name of Rodio Foundation Engineering Limited and Hazarat & Company'. Subsequently, a Company was incorporated under the name of Asia Foundations and Constructions Private Limited', pursuant to a Certificate of Incorporation dated November 22, 1976 issued by the RoC. Pursuant to an indenture dated March 22, 1977, the entire business and undertaking of the Partnership Firm i.e., Rodio Foundation Engineering Limited and Hazarat & Company was transferred to the Company as a running concern. Subsequent to the aforementioned transfer, Company became a deemed public limited company, and the name of the Company was changed from Asia Foundations and Constructions Private Limited' to Asia Foundations and Constructions Limited'. Subsequently, the name was again changed from Asia Foundations and Constructions Limited' to Afcons Infrastructure Limited' and a fresh Certificate of Incorporation dated August 14, 1996, was issued to the Company by the RoC. The Company's status was converted from a deemed public company to a Public Limited Company by the RoC on November 11, 1997.
| Event | Date |
|---|---|
| Afcons Infrastructure Ltd IPO Opening Date | 25 October 2024 |
| Afcons Infrastructure Ltd IPO Closing Date | 29 October 2024 |
| Basis of Allotment | 30 October 2024 |
| Initiation of Refunds | 31 October 2024 |
| Credit of Shares to Demat | 31 October 2024 |
| Afcons Infrastructure Ltd IPO Listing Date | 4 November 2024 |
Afcons Infrastructure Ltd IPO Details
| Afcons Infrastructure Ltd IPO Date | 25 October 2024 to 29 October 2024 |
| Afcons Infrastructure Ltd IPO Face Value | ₹10 per share |
| Afcons Infrastructure Ltd IPO Price | ₹440 to ₹463 per share |
| Afcons Infrastructure Ltd IPO Lot Size | 32 |
| Issue Size | Shares of ₹10 (aggregating up to ₹5,430 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹1250 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹4,180 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 2,45,68,181 of the Net Offer |
| Retail Shares Offered | Not less than 4,29,94,319 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 1,84,26,137 of the Net Offer |
| Company Promoters | Goswami Infratech Pvt Ltd, Shapoorji Pallonji and Company, Floreat Investments Pvt Ltd |
Afcons Infrastructure Ltd IPO Lot Size
The Afcons Infrastructure Ltd IPO lot size is 32 shares. A retail-individual investor can apply for up to 13 lots (416 shares or ₹1,92,608).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 32 | ₹14,816 |
| Maximum | 13 | 416 | ₹1,92,608 |
- Strengths
- Risks
- Opportunities
- Strong Track Record of Timely Execution of Large-Scale, Complex and High-Value Projects.
- Large Order Book and Strong Financial Performance.
- Collaboration among Internal Teams and with JV counterparties, and a Strategic Equipment Base leading to Strong Execution Capabilities.
- Knowledge Management and Innovation Practices.
- Experienced Leadership Team with Shapoorji Pallonji Group parentage.
- Strong Risk Management, Project Selection and Dispute Resolution Processes.
Company Financials
Afcons Infrastructure Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 15,611.2 | 13,285.34 | 442.12 |
| 03-2023 | 13,637.97 | 12,683.5 | 409.67 |
| 03-2022 | 12,399.78 | 10,792.51 | 259.30 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Capital expenditure towards purchase of construction equipments
- 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 purposes
Afcons Infrastructure Ltd IPO Promoter Holding
| Pre Issue Share Holding | 71.87% |
| Post Issue Share Holding | 42.05% |
Afcons Infrastructure Ltd IPO Subscription Status (Bidding Detail)
The Afcons Infrastructure Ltd IPO is subscribed 2.63 times on 29 October 2024 05:00:00 PM. The public issue subscribed 0.94 times in the retail category, 3.79 times in the QIB category, and 5.05 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 3.79 | 5.05 | 0.94 | 1.67 | 2.63 |
Afcons Infrastructure Ltd IPO Prospectus
Afcons Infrastructure Ltd IPO Listing Date
| Listing Date | 4 November 2024 |
| BSE Script | 544280 |
| NSE Symbol | AFCONS |
| Listing In | BSE, NSE |
| ISIN | INE101I01011 |
| IPO Price | ₹463 |
| Face Value | ₹10 |
Company Contact Information
Afcons House 16 Shah Ind.EsteVeera Desai Rd Andheri (West),Mumbai-400053
Phone: 022-6719 1214
Email: gaurang@afcons.com
Website: www.afcons.com
Afcons Infrastructure Ltd IPO Registrar
Email: afconsinfrastructure.ipo@linkintime.co.in
Website: www.linkintime.co.in
Afcons Infrastructure Ltd IPO Lead Manager(s)
- ICICI Securities Ltd
- DAM Capital Advisors Ltd
- Jefferies India Pvt Ltd
- Nomura Financial Advisory and Securities (I) P Ltd
- Nuvama Wealth Management Ltd
- SBI Capital Markets Ltd
FAQ
What is the issue size of Afcons Infrastructure Ltd IPO?
I have pre-applied for Afcons Infrastructure Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.