Afcons Infrastructure IPO
Incorporation and Legacy
Founded in 1959, Afcons Infrastructure Limited is a leading infrastructure engineering and construction company with over 60 years of experience. Part of the Shapoorji Pallonji Group, the company has established a strong foothold in the global construction landscape.
Key Achievements As of September 30, 2023, Afcons Infrastructure has:
Completed 76 major projects across 15 countries, with a total executed contract value of ₹522.20 billion.
Active Projects: The company is currently working on 67 projects across 13 countries, with an order book value of ₹348.88 billion.
Global Presence: Afcons has a solid presence in Asia, Africa, and the Middle East.
Business Verticals
Afcons operates in five key infrastructure segments:
Marine and Industrial Projects: Includes construction of ports, harbour jetties, dry docks, breakwaters, LNG tanks, and material handling systems.
Surface Transport Projects: Comprises highways, roads, interchanges, railways, and mining-related infrastructure.
Urban Infrastructure: Focuses on metro works (elevated and underground), flyovers, bridges, and elevated corridors.
Hydro and Underground Projects: Includes dams, barrages, tunnels (road and underground), water, and irrigation-related projects.
Oil and Gas Projects: Involves offshore and onshore projects for the oil and gas sector.
Objectives of the Issue
The funds raised through this IPO will be utilized for:
Capital Expenditure: Purchase of construction equipment to enhance the company’s project execution capabilities.
Working Capital: Funding long-term working capital needs.
Debt Repayment: Prepayment or scheduled repayment of a portion of the company’s borrowings.
General Corporate Purposes: Supporting overall corporate activities and growth initiatives.
Afcons Infrastructure IPO: Key Details
IPO Dates: 25 to 29 October, 2024
Price Band : ₹440 to ₹463 per share
Lot Size: 32 shares
Total Issue size: ₹5430 Crores
Retail Quota: 35%
GMP: Nil (For Informational purposes only)
Listing Date: 4th Nov 2024
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