Afcons Infrastructure Limited IPO
IPO Size: Afcons Infrastructure IPO is a book-built issue worth ₹7,000 crores.
- Fresh Issue: ₹1,250 crores
- Offer for Sale: ₹5,750 crores
IPO Dates: Yet to be announced.
Price Band: Yet to be announced.
Lead Managers:
- ICICI Securities Limited
- Dam Capital Advisors Ltd
- Jefferies India Private Limited
- Nomura Financial Advisory and Securities (India) Pvt Ltd
- Nuvama Wealth Management Limited
- SBI Capital Markets Limited
Registrar: Link Intime India Private Ltd
Afcons Infrastructure IPO Information
| Details | Value |
| IPO Date | To be announced |
| Listing Date | [To be announced] |
| Face Value | ₹10 per share |
| Price | To be announced |
| Lot Size | To be announced |
| Total Issue Size | [To be announced] shares (aggregating up to ₹7,000.00 Cr) |
| Fresh Issue | [To be announced] shares (aggregating up to ₹1,250.00 Cr) |
| Offer for Sale | [To be announced] shares of ₹10 (aggregating up to ₹5,750.00 Cr) |
| Issue Type | To be announced |
| Listing At | NSE BSE |
| Share Holding Pre-Issue | 340,738,269 shares |
Afcons Infrastructure IPO Information
| Details | Value |
| IPO Date | To be announced |
| Listing Date | [To be announced] |
| Face Value | ₹10 per share |
| Price | To be announced |
| Lot Size | To be announced |
| Total Issue Size | [To be announced] shares (aggregating up to ₹7,000.00 Cr) |
| Fresh Issue | [To be announced] shares (aggregating up to ₹1,250.00 Cr) |
| Offer for Sale | [To be announced] shares of ₹10 (aggregating up to ₹5,750.00 Cr) |
| Issue Type | To be announced |
| Listing At | NSE BSE |
| Share Holding Pre-Issue | 340,738,269 shares |
Promoter Holding of Afcons Infrastructure IPO
The company's promoters are Goswami Infratech Private Limited, Shapoorji Pallonji and Company Private Limited, and Floreat Investments Private Limited.
| Share Holding Pre Issue | 99.48% |
| Share Holding Post Issue |
Afcons Infrastructure IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
About Afcons Infrastructure Limited
Founded in 1959, Afcons Infrastructure Limited is a leading infrastructure engineering and construction firm within the Shapoorji Pallonji Group, boasting a rich legacy spanning over six decades.
As of September 30, 2023, Afcons has successfully completed 76 projects in 15 countries, with a cumulative contract value of ₹522.20 billion.
Currently, the company has 67 active projects across 13 countries, contributing to an order book totaling ₹348.88 billion.
Afcons has a strong global presence, operating in Asia, Africa, and the Middle East, and it specializes in five major infrastructure business verticals.
Afcons Infrastructure Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 16,233.64 | 14,301.25 | 12,973.77 | 12,489.94 |
| Revenue | 13,646.88 | 12,844.09 | 11,269.55 | 9,521.12 |
| Profit After Tax | 449.76 | 410.86 | 357.61 | 169.91 |
| Net Worth | 3,155.06 | 2,691.03 | 2,369.47 | NA |
| Reserves and Surplus | 2,718.55 | 2,132.55 | NA | NA |
| Total Borrowing | 0.15 | 1,562.82 | 1,555.20 | 11.99 |
| Amount in ₹ Crore |
Afcons Infrastructure IPO Objectives
The Company intends to utilize the Net Proceeds for the following purposes:
- Capital expenditure for the purchase of construction equipment.
- Funding long-term working capital requirements.
- Prepayment or scheduled repayment of a portion of certain outstanding borrowings and acceptances incurred by the Company.
- General corporate purposes.
Afcons Infrastructure Limited IPO Subscription Status Live
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
IPO Investor Categories
Qualified Institutional Buyers (QIB)
Qualified Institutional Buyers include financial institutions, banks, Foreign Institutional Investors (FIIs), and mutual funds registered with SEBI. These entities often represent smaller investors who invest through mutual funds, ULIP schemes of insurance companies, or pension schemes.
Non-Institutional Investors (NII)
Non-Institutional Investors include High Net-worth Individuals (HNIs), NRIs, companies, trusts, etc., who bid for shares worth more than Rs 2 lakhs. Unlike QIBs, NIIs do not require SEBI registration.
NII Subcategories:
- Small NII (sNII): Investors who bid for shares between Rs 2 lakhs and Rs 10 lakhs fall under this subcategory. One-third of the shares reserved for the NII category are allocated to Small NII, also known as Small HNI (sHNI).
- Big NII (bNII): This subcategory is for those bidding for shares above Rs 10 lakhs. Two-thirds of the NII category shares are reserved for Big NII, also referred to as Big HNI (bHNI).
Retail Individual Investors (RII)
Retail Individual Investors or NRIs applying for shares worth up to Rs 2 lakhs in an IPO fall under the RII category.
Employee (EMP)
This category includes eligible employees who have a reserved quota in the IPO.
Others
This category comprises eligible shareholders or other investors who have a reserved quota in the IPO.