Afcons Infrastructure Limited IPO, GMP, Details, Price, And Review IPO Details
| Detail | Description |
|---|---|
| IPO Date | October 25, 2024 to October 29, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 440 to ₹ 463 per share |
| Lot Size | 32 Shares |
| Total Issue Size | 11,72,78,618 shares (aggregating up to ₹ 5,430.00 Cr) |
| Fresh Issue | 2,69,97,840 shares (aggregating up to ₹ 1,250.00 Cr) |
| Offer for Sale | 9,02,80,778 shares of ₹10 (aggregating up to ₹ 4,180.00 Cr) |
| Employee Discount | Rs 44 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 34,07,38,269 |
| Shareholding post issue | 36,77,36,109 |
About Afcons Infrastructure Limited IPO, GMP, Details, Price, And Review
Incorporated in 1959, Afcons Infrastructure Limited is an infrastructure engineering and construction company of the Shapoorji Pallonji group, with a legacy of over six decades.
The company has five major infrastructure business verticals:
1. Marine and industrial projects cover ports, harbor jetties, dry docks, wet basins, breakwaters, outfall and intake structures, liquefied natural gas tanks, and material handling systems.
2. Surface transport projects cover highways, roads, interchanges, mining-related infrastructure, and railways.
3. Urban infrastructure projects include elevated and underground metro works, bridges, flyovers, and corridors.
4. Hydro and underground projects cover dams, barrages, tunnels (including large road tunnels), underground works, water, and irrigation.
5. Oil and gas projects cover both offshore and onshore oil and gas projects.
Issue Size: ₹5,430 crores
Structure:
• Fresh Issue: 2.7 crore shares, aggregating to ₹1,250 crores
• Offer for Sale: 9.03 crore shares, aggregating to ₹4,180 crores
Subscription Dates:
• Opening Date: October 25, 2024
• Closing Date: October 29, 2024
Price Band: ₹440 to ₹463 per share
Minimum Lot Size: 32 shares
Book Running Lead Managers:
• ICICI Securities Limited
• Dam Capital Advisors Ltd (Formerly IDFC Securities 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 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 |
Objectives of Afcons Infrastructure IPO
-
The Company proposes to utilize the Net Proceeds towards funding the following objectives:
- • Capital expenditure towards the purchase of construction equipment.
- •Long-term financing working capital requirements.
- •Prepayment or scheduled repayment of a portion of certain outstanding borrowings and acceptances availed by the Company.
- •General corporate purpose.
Afcons Infrastructure Limited IPO, GMP, Details, Price, And Review Financial Information
Latest Revenue
3,213.47
₹ Crore
Profit After Tax
91.59
₹ Crore
Net Worth
3,662.25
₹ Crore
Total Borrowing
3,365.1
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 June 2024 | 17,184.58 | 3,213.47 | 91.59 | 3,662.25 | 3,365.1 | ||||
| 31 Mar 2024 | 16,233.64 | 13,646.88 | 449.76 | 3,575.05 | 2,455 | ||||
| 31 Mar 2023 | 14,301.25 | 12,844.09 | 410.86 | 3,155.06 | 1,562.82 | ||||
| 31 Mar 2022 | 12,973.77 | 11,269.55 | 357.61 | 2,691.03 | 1,555.2 | ||||
| Amount in ₹ Crore | |||||||||
IPO Estimated Listing Return
Based on the IPO Price of ₹463 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹153 and a lot size of 32 shares.
Afcons Infrastructure Limited IPO, GMP, Details, Price, And Review GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-11-04 | ₹463.00 | ₹15 (3.24%) | 2024-11-04 |
Afcons Infrastructure Limited IPO, GMP, Details, Price, And Review Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 10.55% |
| ROCE | 14.89% |
| Debt/Equity | 0.91 |
| RoNW | 2.50% |
| P/BV | 4.31 |
| PAT Margin (%) | 2.85 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 13.2 | 9.96 |
| P/E (x) | 35.08 | 46.48 |
Frequently Asked Questions
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Competitive Strengths
Strong Track Record of Timely Execution of Large-Scale, Complex and High-Value Projects.
Diversified Order Book across Geographies, Clients, and Business Verticals, Long Standing Relationships with Clients Globally, and Strong Financial Performance.
Collaboration among internal teams, JV counterparties, and a strategic equipment base, leading to strong execution capabilities.
Download regulatory filings
Afcons Infrastructure Limited IPO, GMP, Details, Price, And Review IPO Timeline
| IPO Open Date | Friday, October 25, 2024 |
| IPO Close Date | Tuesday, October 29, 2024 |
| Basis of Allotment | Wednesday, October 30, 2024 |
| Initiation of Refunds | Thursday, October 31, 2024 |
| Credit of Shares to Demat | Thursday, October 31, 2024 |
| Listing Date | Monday, November 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 29, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 32 | ₹14,816 |
| Retail (Max) | 13 | 416 | ₹192,608 |
| S-HNI (Min) | 14 | 448 | ₹207,424 |
| S-HNI (Max) | 67 | 2,144 | ₹992,672 |
| B-HNI (Min) | 68 | 2,176 | ₹1,007,488 |