Afcons Infrastructure Limited IPO
MainboardCivil Construction
Listed On: Nov 4, 2024 at ₹ 426.0(NSE)
₹ 14816 /32 Shares
Check AllotmentPrice Summary
Last Closing
543.50 (17.39%)52 Week High
559.3052 Week Low
420.25Last Update
6-Dec-2024 3:30 PM25 Oct, 2024
Open Date29 Oct, 2024
Close Date30 Oct, 2024
Allotment Date04 Nov, 2024
Listing DateIssue Price
₹440-463 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdList Price
426.0(NSE)Listing Date
2024-11-04Market Lot
Retail : 32 Shares (₹14,816/-)S-HNI : 448 Shares (₹2,07,424/-)
B-HNI : 2,176 Shares (₹10,07,488/-)
Lead Manager
ICICI Securities LimitedDam 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
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)
Retail Portion
35% (Number of Retail Applications: 12,76,829 Approx),(Number of S-HNI Applications : 13,029 Approx),
(Number of B-HNI Applications : 26,058 Approx)
Subscription
2.77 timesAfcons Infrastructure IPO Subscription Details
As on | QIB | NII bNII sNII | 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 | 0.11 0.09 x 0.16 x | 0.14 x | 0.10 x |
Day 2 - 28-10-24 05:00 PM | 0.08 x | 0.72 0.75 x 0.65 x | 0.36 x | 0.36 x |
Day 3 - 29-10-24 05:00 PM | 3.99 x | 5.31 6.63 x 2.67 x | 0.99 x | 2.77 x |
Afcons Infrastructure Valuations
EPS Pre IPO
₹13.2/-EPS Post IPO
₹9.96/-P/E Pre IPO
35.08P/E Post IPO
46.48RoNW
2.5%Afcons Infrastructure Company Financials All values are in ₹ Cr.
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 |
About The Company
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 - Strength and Weakness
Afcons Infrastructure has successfully completed 26 projects across 10 countries, with a total contract value of ₹255,041.42 million.
Globally recognized, Afcons is ranked 10th in marine and port facilities and 12th in bridges by the 2023 ENR rankings.
Afcons' diverse order book has grown from ₹262,484.65 million in 2021 to ₹348,883.91 million in 2023, reflecting strong financial and operational performance.
Afcons has consistently won the MIKE award from 2018 to 2023 for its project management and knowledge practices excellence.
Afcons faces bidding risks; it won 6, 16, 16, and 12 projects in 2023, 2023, 2022, and 2021 respectively, and failed bids are non-recoverable.
Heavy reliance on government contracts, which constituted 68.42% of the order book as of September 30, 2023, exposes Afcons to policy and payment delays.
Capital intensity requires significant working capital; as of September 30, 2023, working capital loans stood at ₹13,904.47 million, impacting liquidity.
Afcons Infrastructure - Promoter(s)
Pre Issue Share Holding: N/A%
Post Issue Share Holding: N/A%
- Goswami Infratech Private Limited
- Shapoorji Pallonji and Company Private Limited
- Floreat Investments Private Limited
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
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.
Other Details
Afcons Infrastructure
Afcons House, 16 Shah Industrial Estate, Veera Desai Road, Andheri (West), Mumbai,-400053Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: afconsinfrastructure.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Afcons Infrastructure IPO - FAQs
Ans. Afcons Infrastructure Limited IPO is a Mainboard IPO. The issue is priced at ₹440-463 per equity share. The minimum order quantity is 32 Shares. The IPO opens on Oct 25, 2024, and closes on Oct 29, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Afcons Infrastructure Limited IPO opens on Oct 25, 2024 and closes on Oct 29, 2024.
Ans. The size of Afcons Infrastructure Limited IPO is 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).
Ans. The IPO price band is set between ₹440-463 per equity share.
Ans. To apply for Afcons Infrastructure Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Afcons Infrastructure Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Afcons Infrastructure Limited IPO is Oct 30, 2024.
Ans. The Afcons Infrastructure Limited IPO will be listed on Nov 4, 2024.
Ans. Follow the steps to check the allotment status for Afcons Infrastructure Limited IPO here.