Afcons Infrastructure IPO Details
| IPO Size | ₹5,430.00 Cr |
| Price Range | ₹440 - ₹463 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | ₹44 per share |
| Listing at | NSE and BSE |
| Minimum Quantity | 32 |
| Investment (cut-off price) | ₹14,816 |
| Pre IPO Promotor Holding | 99.48% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Afcons Infrastructure IPO Timelines
25/10/2024
Start Date29/10/2024
End Date31/10/2024
Refund Initiation31/10/2024
Credit of Shares to Demat Ac04/11/2024
Listing DateAfcons Infrastructure IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 32 | ₹14,816 |
| Retail Maximum | 13 | 416 | ₹192,608 |
| S-HNI Minimum | 14 | 448 | ₹207,424 |
| S-HNI Maximum | 67 | 2144 | ₹992,672 |
| B-HNI Minimum | 68 | 2176 | ₹1,007,488 |
Afcons Infrastructure IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 3.99x | 5.31x | 0.99x | 1.77x | 2.77x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹426 | ₹474.20 | ₹479.45 | ₹420.25 |
Afcons Infrastructure IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2021 | ₹9,521.12 | ₹9,230.61 | ₹169.91 |
| FY 2022 | ₹11,269.55 | ₹10,863 | ₹357.61 |
| FY 2023 | ₹12,844.09 | ₹12,245.02 | ₹410.80 |
| FY 2024 (6 M) | ₹6,655.35 | ₹6,367.92 | ₹195.13 |
About Company
Afcons Infrastructure Limited, part of the Shapoorji Pallonji Group, is a leading engineering and construction company in India with over 60 years of experience in executing complex EPC projects globally. Recognized as one of India’s largest international infrastructure firms by the 2023 ENR Top International Contractors rankings, Afcons has a strong presence in Asia, Africa, and the Middle East.
Since its inception in 1959, Afcons has completed 76 projects across 15 countries, achieving a historic contract value of ₹522.20 billion by September 30, 2023. Currently, it manages 67 active projects in 13 countries with an order book valued at ₹348.88 billion. Noteworthy projects include the Chenab Bridge, the tallest single-arch railway bridge globally, and the Atal Tunnel, recognized as the longest highway tunnel above 3,000 meters.
Afcons operates in diverse infrastructure sectors such as marine and industrial construction, surface transport, urban infrastructure, hydro and underground projects, and oil and gas. Its commitment to excellence is highlighted by multiple awards, including the MIKE (Most Innovative Knowledge Enterprise) award from 2018 to 2023 at both national and global levels.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 1959 | Construction | Paramasivan Srinivasan |
Know Before Investing
Afcons Infrastructure IPO Strengths
- 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 Infrastructure IPO Risks
- 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.
- High receivable delays risk, with ₹21,060.94 million overdue by more than six months as of September 30, 2023, potentially straining cash flows.
Swot Analysis for Afcons Infrastructure IPO
Strengths
Large Scale Complex Projects, Strong Track Record
Weaknesses
Government Dependency, Capital Intensive
Opportunities
New Geographies, Government Push for Infra Build
Threats
Geopolitical Tensions, Bureaucratic Complications
Company Details
Afcons Infrastructure Limited
Afcons House, 16 Shah Industrial Estate,
Veera Desai Road
ndheri (West), Mumbai,-400053
Phone: 022 67191214
Email: [email protected]
Website: https://www.afcons.com/en
IPO Registar Details
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
FAQs
The key objectives of Afcons Infrastructure IPO are:
- Capital expenditure towards 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 purpose
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 are the book-running lead managers for the Afcons Infrastructure IPO.