| Afcons Infrastructure IPO Subscription | Afcons Infrastructure IPO Review | Afcons Infrastructure IPO Allotment |
Afcons Infrastructure IPO Description – Afcons is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji group, a diversified Indian conglomerate, with a legacy spanning over six decades. The company boasts a strong track record of successfully executing numerous complex, challenging, and unique EPC projects both within India and internationally.
The company designs and executes projects across five major infrastructure business verticals:
- Marine and Industrial
- Surface Transport
- Urban Infrastructure
- Hydro and Underground
- Oil and Gas
As of 30 June 2024, Afcons Infrastructure has completed 79 projects across 17 countries, with a total historical executed contract value of INR 56,305 crore. Additionally, the company has 65 active projects across 12 countries, totaling an order book of INR 31,747 crore.
By 30 June 2024, its equipment arsenal comprised 11 marine barges, 153 cranes, 16 tunnel boring machines, eight large-capacity jackups, and 21 piling rigs. Concurrently, Afcons Infrastructure boasted a workforce of 3,972 permanent employees as of the same date.
Promoters of Afcons Infrastructure – Goswami Infratech Private Limited, Shapoorji Pallonji and Company Private Limited, Floreat Investments Private Limited, Shapoorji Pallonji Mistry, Firoz Cyrus Mistry and Zahan Cyrus Mistry
Table of Contents
Afcons Infrastructure IPO Details
| Afcons Infrastructure IPO Dates | 25 – 29 October 2024 |
| Afcons Infrastructure Issue Price | INR 440 – 463 per share Employee discount – INR 44 per share |
| Fresh issue | INR 1,250 crores |
| Offer For Sale | INR 4,180 crores |
| Total IPO size | INR 5,430 crores |
| Minimum bid (lot size) | 32 shares (INR 14,816) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
Afcons Infrastructure Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 | Q1 FY 2025 |
| Revenue | 11,018.97 | 12,637.38 | 13,267.49 | 3,154.36 |
| Expenses | 10,863.00 | 12,245.02 | 12,974.27 | 3,078.03 |
| Net income | 356.36 | 410.87 | 449.74 | 91.59 |
| Margin (%) | 3.23 | 3.25 | 3.39 | 2.90 |
Afcons Infrastructure Offer News
- Afcons Infrastructure Anchor Investors
- Afcons Infrastructure RHP
- Afcons Infrastructure DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Afcons Infrastructure Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2024 (Post Issue)* | |
| EPS | 10.49 | 12.06 | 13.20 | 12.23 |
| PE Ratio | – | – | 33.33 – 35.08 | 35.98 – 37.86 |
* Calculated on the basis of annualized Profits After Tax for FY 2024
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 13.24 | 13.02 | 12.58 |
| NAV | 78.98 | 92.59 | 104.92 |
| ROCE (%) | 17.30 | 20.04 | 20.18 |
| EBITDA (%) | 9.48 | 10.70 | 11.60 |
| Debt/Equity | 0.57 | 0.49 | 0.68 |
Afcons Infrastructure Pre-IPO Investors
• GIC Singapore – INR 756 crore
• ENAM Holdings (Akash Bhansali) – INR 400 crore
• Synergy Capital – INR 400 crore
• 360 One (IIFL Wealth) – INR 200 crore
• Quant MF – INR 200 crore
• M&G Investments – INR 175 crore
• Think Investments – INR 175 crore
• Discovery Capital Management – INR 170 crore
• SBI General Insurance – INR 100 crore
• Artian Investment (Arcelor Mittal) – INR 100 crore
• Madhu Kela – INR 70 crore
• White Oak – INR 35 crore
• Alchemy (Lashit and Neha Sanghvi) – INR 30 crore
• Nuvama – INR 25 crore
Total fund raise through the pre-IPO round is INR 2,967 crore at a price of INR 463 per share.
Afcons Infrastructure IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Subject to Sauda |
| 31 October 2024 | 0 | 0 |
| 30 October 2024 | 5 | 0 |
| 29 October 2024 | 37 | 1,100 |
| 28 October 2024 | 25 | 900 |
| 26 October 2024 | 20 | 1,000 |
| 25 October 2024 | 60 | 2,100 |
| 24 October 2024 | 60 | 2,100 |
| 23 October 2024 | 50 | 2,100 |
| 22 October 2024 | 90 | 3,700 |
| 21 October 2024 | 210 | 4,500 |
Read Also: Afcons Infrastructure IPO Recommendations: Brokerage Houses Positive for long term
Afcons Infrastructure – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Afcons Infrastructure | 37.86 | 13.20 | 12.58 | 104.92 | 13,267.49 |
| Larsen & Toubro | 37.14 | 93.88 | 15.24 | 623.15 | 2,21,112.91 |
| KEC International | 74.67 | 13.49 | 8.68 | 155.32 | 19,914.17 |
| Kalpataru Project International | 42.20 | 31.37 | 10.17 | 308.36 | 19,626.43 |
| Dilip Buildcon | 37.63 | 13.36 | 4.44 | 298.85 | 12,011.90 |
Afcons Infrastructure IPO Allotment Status
Afcons Infrastructure IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Afcons Infrastructure IPO Dates & Listing Performance
| IPO Opening Date | 25 October 2024 |
| IPO Closing Date | 29 October 2024 |
| Finalization of Basis of Allotment | 30 October 2024 |
| Initiation of refunds | 31 October 2024 |
| Transfer of shares to demat accounts | 31 October 2024 |
| Afcons Infrastructure IPO Listing Date | 4 November 2024 |
| Opening Price on NSE | INR 426 per share (down 7.99%) |
| Closing Price on NSE | INR 474.20 per share (up 2.42%) |
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Afcons Infrastructure Offer Lead Manager
ICICI SECURITIES LIMITED
4th Floor, ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra
Phone: +91 22 6807 7100
Email:Â [email protected]
Website:Â www.icicisecurities.com
Afcons Infrastructure Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Afcons Infrastructure Contact Details
AFCONS INFRASTRUCTURE LIMITED
Afcons House, 16 Shah Industrial Estate,
Veera Desai Road, Andheri (West),
Mumbai-400053, Maharashtra, 400053
Phone:Â 022-67191214
Email: [email protected]
Website: www.afcons.com
Also Read: Afcons Infrastructure IPO Subscription – Live Status
Afcons Infrastructure IPO FAQs
How many shares in Afcons Infrastructure IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for Afcons Infrastructure Public Offer?
The best way to apply for Afcons Infrastructure public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Afcons Infrastructure IPO GMP today?
Afcons Infrastructure IPO GMP today is INR 0 per share.
What is Afcons Infrastructure kostak rate today?
Afcons Infrastructure kostak rate today is INR NA per application.
What is Afcons Infrastructure Subject to Sauda rate today?
Afcons Infrastructure’s subject-to-Sauda rate today is INR 0 per application.
