Afcons Infrastructure IPO Details
The Afcons Infrastructure IPO is a book build issue with a total issue size of ₹5430 cr, comprising of fresh issue of 26997840 equity shares., and a offer for sale of 90280778 equity shares. Afcons Infrastructure IPO opened for subscription on Oct 25, 2024 and closed on Oct 29, 2024. Afcons Infrastructure IPO is set price band at ₹440 to ₹463 per share, with a lot size of 32 shares. Minimum investment for Retail investors was ₹14,816.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Oct 30, 2024, and listed on both the NSE and BSE on Nov 04, 2024.
MUFG Intime India Private Limited has been appointed as the registrar. Jefferies India Private Limited, ICICI Securities Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), Nomura Financial Advisory And Securities (India) Pvt Ltd, Nuvama Wealth Management Limited and SBI Capital Markets Limited are the Book Running Lead Manager for the issue.
Before investing in the Afcons Infrastructure IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 440 – 463
- Lot Size
- 32
- Issue Size
- ₹5430 Cr
- Minimum Investment
- ₹14816 (32 Shares)
- Listing Date
- 04 November 2024
Current GMP
₹15 (+3.24%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Afcons Infrastructure Limited
Afcons Infrastructure Limited is the flagship infrastructure, engineering, and construction company of the Shapoorji Pallonji Group, with a legacy spanning over 60 years. It has earned recognition as one of India's largest international infrastructure companies, based on international revenue in 2023, and has completed 79 projects across 17 countries with a historic contract value of ₹563.05 billion. As of mid-2024, the company manages 65 active projects across 12 countries, with an order book worth ₹317.47 billion.
Afcons specializes in five major infrastructure sectors:
- Marine and Industrial – Ports, harbors, LNG tanks, and more.
- Surface Transport – Highways, roads, railways, and mining infrastructure.
- Urban Infrastructure – Metro works, bridges, and elevated corridors.
- Hydro and Underground – Dams, tunnels, and water-related projects.
- Oil and Gas – Offshore and onshore projects.
The company stands out for its expertise in project management and knowledge systems, winning multiple awards like the MIKE award for innovative knowledge management. Afcons also has a strong equipment base, enabling them to undertake complex projects such as the Atal Tunnel and the Delhi Metro.
Afcons benefits from the Shapoorji Pallonji Group’s legacy and global presence, which bolsters its business growth and strategic collaborations. The company also prioritizes environmental, social, and governance (ESG) practices, with measures in place to reduce energy consumption and recycle wastewater.
Afcons Infrastructure IPO Promoters
The promoters of the Company are
- Goswami Infratech Private Limited
- Shapoorji Pallonji and Company Private Limited
- Floreat Investments Private Limited
Promoters Holding
Holding Pre Issue
99.48%
Holding Post Issue
0.00%
Afcons Infrastructure IPO Objective
The Company proposes to utilise the Net Proceeds towards funding the following objects:
- Capital expenditure towards purchase of construction equipment
- 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 purpose
Address / Contact Info
Afcons Infrastructure Limited
Afcons House, 16 Shah Industrial Estate,
Veera Desai Road, Andheri (West), Mumbai,
Maharashtra, 400053,India
Phone: 022 67191214
Email: gaurang@afcons.com
Website: https://www.afcons.com/en
IPO Snapshot
Book Running Lead Managers
- Jefferies India Private Limited
- ICICI Securities Limited
- Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
- Nomura Financial Advisory And Securities (India) Pvt Ltd
- Nuvama Wealth Management Limited
- SBI Capital Markets Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Afcons Infrastructure IPO is a Book-building IPO with a total issue size of ₹5430 crore. The Afcons Infrastructure IPO price band is ₹440 to 463 per share. The Afcons Infrastructure IPO subscription opens on Fri, Oct 25, 2024, and closes on Tue, Oct 29, 2024. The Afcons Infrastructure IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Afcons Infrastructure IPO.
The Afcons Infrastructure IPO opens on Fri, Oct 25, 2024 and closes on Tue, Oct 29, 2024
Afcons Infrastructure IPO Price Band is ₹440 to 463 per share.
Afcons Infrastructure IPO lot size is 32 shares, Retail investors need a minimum investment of ₹14816 based on the upper price band
The minimum investment for Afcons Infrastructure IPO is ₹14816, based on one lot of 32 shares at the upper price band of ₹463 per share.
Investors can apply for the Afcons Infrastructure IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Oct 29, 2024. The application amount remains blocked until the Afcons Infrastructure IPO allotment is finalized.
Afcons Infrastructure IPO issue size is ₹5430 crores.
Afcons Infrastructure IPO allotment date is Wed, Jul 1, 2026.
The registrar for Afcons Infrastructure IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Afcons Infrastructure IPO allotment status, refund processing, and other IPO-related information.
The Afcons Infrastructure IPO GMP (Grey Market Premium) is ₹15 as of Mon, Nov 4, 2024. Based on the upper price band of ₹463 per share, the estimated Afcons Infrastructure IPO listing price is ₹478, indicating a potential listing gain of approximately 0% over the issue price.