Afcons Infrastructure IPO
Afcons Infrastructure IPO is listed on BSE and NSE, priced at ₹440–₹463 per share. The stock debuted at ₹426. The IPO had a lot size of ₹32 shares and a minimum investment of ₹14,816.
Afcons Infrastructure Limited IPO
- IPO Dates
- Oct 25, 2024 – Oct 29, 2024
- Price band
- ₹440-463 per equity share
- Minimum Investment
- ₹14,816
- Issue size
- ₹5430 Cr
- Lot size
- 32
- Allotment Date
- Oct 30, 2024
- Listing
- Nov 4, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Oct 25, 2024
Open Date
Completed
-
Oct 29, 2024
Close Date
Completed
-
Oct 30, 2024
Allotment Date
Completed
-
Nov 4, 2024
Listing Date
Completed
Price Summary
- Last closing
- 337.90 (-27.02%)
- 52 week high
- 479.40
- 52 week low
- 265.80
- Last update
Afcons Infrastructure IPO Essentials
Afcons Infrastructure IPO Details
Afcons Infrastructure IPO is priced at ₹440-463 per share with a total issue size of 5430 crore. The IPO has a lot size of 32 shares and is listed on a BSE and NSE.
- Issue price
- ₹440-463 per equity share
- Lot size
- 32 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- Total ₹5,430 Cr :
#Fresh Issue : 26,997,840 shares(aggregating up to ₹1,250 Cr) +
#OFS : 90,280,778 shares of ₹10(aggregating up to ₹4,180 Cr) - Total issue size
- 11,72,78,618 shares
(aggregating up to ₹5430 crore) - Fresh issue
- 2,69,97,840 shares
(aggregating up to ₹1250 crore) - Offer for sale (OFS)
- 9,02,80,778 shares
(aggregating up to ₹4180 crore) - Listing at
- BSE, NSE
- List price
- 426.0(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
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
Market Lot Size
Investors can bid for a minimum of 32 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 32 | ₹14,816 |
| Retail(max) | 13 | 416 | ₹1,92,608 |
Afcons Infrastructure IPO Reservation
Afcons Infrastructure IPO reservation details show category-wise allocation of shares. Out of the total 11,73,35,318 shares, approximately 19.9% are reserved for QIB, 14.92% for NII, 34.82% for retail investors, 0.51% for employees, and 29.85% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 3,50,21,597 (29.85%) | |
| QIB Shares Offered | 2,33,47,732 (19.9%) | |
| NII (HNI) Shares Offered | 1,75,10,799 (14.92%) | |
| bHNI > ₹10L | 1,16,73,866 (9.95%) | 26,057 |
| sHNI < ₹10L | 58,36,933 (4.97%) | 13,028 |
| Retail Shares Offered | 4,08,58,531 (34.82%) | 12,76,829 |
| Employee Shares Offered | 5,96,659 (0.51%) | |
| Total Shares Offered | 11,73,35,318 (100%) |
Afcons Infrastructure IPO Analytics
Afcons Infrastructure IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Afcons Infrastructure IPO Subscription Status
Afcons Infrastructure IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 24,568,181 |
17,510,799
11,673,866
5,836,933
|
40,858,531 | 61,313,722 |
|
Day 1
25-10-24 05:00 PM
|
0.01 x |
0.11x
0.09x
0.16x
|
0.14 x | 0.10 x |
|
Day 2
28-10-24 05:00 PM
|
0.08 x |
0.72x
0.75x
0.65x
|
0.36 x | 0.36 x |
|
Day 3
29-10-24 05:00 PM
|
3.99 x |
5.31x
6.63x
2.67x
|
0.99 x | 2.77 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 7,80,662 (Approx) | —x | —x | 0.55x |
Afcons Infrastructure Valuations
Earnings
- EPS Pre IPO
- ₹13.2/-
- EPS Post IPO
- ₹9.96/-
- P/E Pre IPO
- 35.08
- P/E Post IPO
- 46.48
Returns
- ROE
- 10.55%
- ROCE
- 14.89%
- RoNW
- 2.50%
- PAT Margin
- 2.85
Fundamentals
- Debt / Equity
- 0.91
- Price / Book
- 4.31
Afcons Infrastructure Financials( In Crs.)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 16,233.64 | 14,301.25 | 12,973.77 |
| Revenue | 13,646.88 | 12,844.09 | 11,269.55 |
| Profit After Tax | 449.76 | 410.86 | 357.61 |
| Net Worth | 3,575.05 | 3,155.06 | 2,691.03 |
| Reserves & Surplus | 3,255.22 | 2,653.75 | 2,190.11 |
| Total Borrowing | 2,455 | 1,562.82 | 1,555.2 |
Afcons Infrastructure Company & Offer Insights
About Afcons Infrastructure
Afcons Infrastructure Limited, the flagship engineering and construction arm of the prestigious Shapoorji Pallonji Group, brings over six decades of expertise in delivering a wide range of innovative and complex EPC projects. With a strong reputation for excellence, Afcons is recognized as one of India’s largest international infrastructure companies, according to the 2023 ENR Top International Contractors rankings.
The company operates in the various industries such as transportation, marine, oil & gas, and urban infrastructure. It has also earned its reputation across the world due to its landmark projects in Asia, Africa, and the Middle East. This indicates that the company is concerned with innovation, excellent engineering accuracy, and efficient operation.
Afcons, as a global business and high-class execution entity, makes its future in the infrastructure domain in India and other parts of the world.
Afcons Infrastructure Promoter(s)
Goswami Infratech Private Limited, Shapoorji Pallonji and Company Private Limited, Floreat Investments Private Limited are the company's promoters of Afcons Infrastructure.
Afcons Infrastructure IPO Issue Objectives
- •
- Capital expenditure towards the 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 purposes
Afcons Infrastructure IPO - Anchor Investors
Afcons Infrastructure raises Rs 1,621 crore from anchors.
Marquee global investors like Monetary Authority of Singapore, Blackrock, PGGM World Equity, Fidelity, Goldman Sachs, The Master Trust Bank of Japan, Nomura, BNP Paribas, East Bridge Capital Master Fund, Brinker Capital, Societe Generale, Morgan Stanley, and Florida Retirement System participated.
Domestic institutional investors including LIC Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, ITI Mutual Fund, Nippon Life India, Aditya Birla Sun Life Trustee, Mirae Asset, Quant Mutual Fund, Invesco India, 360 ONE, Whiteoak Capital, Sunil Singhania-backed Abakkus, Sameer Arora-owned Helios Flexi Cap Fund, Mahindra Manulife, Trust Mutual Fund, Vikas Khemani-backed Carnelian, and Madhusudan Kela-backed Chartered Finance & Leasing also invested in the infrastructure company.
Insurance companies including Edelweiss Life Insurance, HDFC Life Insurance, ICICI Prudential Life Insurance, SBI General Insurance, and Reliance Nippon Life Insurance, too, poured in money in Afcons via anchor book.
Afcons Infrastructure IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Afcons Infrastructure Limited | 13.2 | 13.2 | 92.59 | N/A | 12.58 | N/A | Consolidated |
| Larsen & Toubro Ltd. | 93.96 | 93.88 | 623.15 | 37.14 | 15.24 | 5.6 | Consolidated |
| Kec International Ltd. | 13.49 | 13.49 | 155.32 | 74.67 | 8.68 | 6.5 | Consolidated |
| Kalpataru Projects International Limited | 31.37 | 31.37 | 308.36 | 42.2 | 10.17 | 4.3 | Consolidated |
| Dilip Buildcon Ltd | 13.75 | 13.36 | 298.85 | 37.63 | 4.44 | 1.68 | Consolidated |
Notes:
- P/E has been computed based on closing market price as on October 09, 2024 divided by diluted EPS for the year ended March 31, 2024.
- EV/EBIDTA is computed as market capitalisation of peers on October 09, 2024 plus the net debt of respective peers as on March 31, 2024, divided by the EBIDTA for FY2024.
- Basic EPS refers to the basic EPS sourced from the financial statements of the respective peer group companies for the Financial Year ended March 31, 2024.
- Diluted EPS refers to the diluted EPS sourced from the financial statements of the respective peer group companies for the Financial Year ended March 31, 2024.
- Return on Net Worth (%) is computed as consolidated profit after tax for the year as a percentage of closing Net Worth of the Financial Year ended March 31, 2024.
Afcons Infrastructure IPO - Strengths and Risks
Afcons Infrastructure IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Afcons Infrastructure
022 67191214
Afcons House, 16 Shah Industrial Estate, Veera Desai Road, Andheri (West), Mumbai,-400053
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Afcons Infrastructure IPO is a book-built IPO worth ₹5430 crore. The price band is ₹440–₹463 per share. The IPO opens on Oct 25, 2024 and closes on Oct 29, 2024. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Afcons Infrastructure IPO is ₹440 to ₹463 per share.
The lot size of Afcons Infrastructure IPO is 32 shares.
The minimum investment for Afcons Infrastructure IPO is approximately ₹14,816 based on the upper price band .
Afcons Infrastructure IPO opens on Oct 25, 2024 and closes on Oct 29, 2024.
The allotment date of Afcons Infrastructure IPO is Oct 30, 2024.
Afcons Infrastructure IPO is expected to be listed on Nov 4, 2024, on BSE and NSE .
Afcons Infrastructure IPO listed on Nov 4, 2024. It was issued at ₹426.0(NSE) and is currently around ₹337.90 as on 30-Apr-2026 3:30 PM, which is approximately -27.0% versus issue price. The 52-week high is ₹479.40.
Based on listing and post-listing performance, Afcons Infrastructure IPO delivered around -27.0% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Afcons Infrastructure IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Afcons Infrastructure IPO valuation snapshot: P/E 46.48, EPS ₹9.96/-, P/B 4.31, RoNW 2.50%, and market cap N/A.
To apply for Afcons Infrastructure IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Afcons Infrastructure IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Afcons Infrastructure IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Afcons Infrastructure IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Afcons Infrastructure IPO allotment status on IPO Ji for quick and easy access.