Afcons Infrastructure IPO GMP Today, Afcons Infrastructure IPO Grey Market Premium Updates | Afcons Infrastructure IPO, Latest target, Opening gain
Afcons Infrastructure IPO began on October 25, 2024. It will close on October 29, 2024. The Total IPO Size is ₹ 5,430.00 Crore Approx. The company set its IPO price is ₹440 to ₹463 per share Per Share. There are three basic categories in Afcons Infrastructure IPO Subscription:- 1) Qualified Institutional Buyers. 2) Non-Institutional Investors. 3) Retail.
Afcons has worked on over 350 infrastructure projects since 1959, including metro networks, bridges, viaducts, flyovers, roads, ports, and more. They are currently working on major projects in Kuwait, Oman, Bahrain, and Liberia.
The company provides infrastructure services and is involved in the construction of infrastructure projects such as viaducts, flyovers, metros, bridges, pipelines, roads, ports, barrages, oil and gas projects etc. Indian business conglomerate Shapoorji Pallonji Group acquired Afcons from ICICI Bank in 2000.
Incorporated in 1959, Afcons Infrastructure Limited is an infrastructure engineering and construction company of the Shapoorji Pallonji group, with a legacy of over six decades.
As of September 30 2023, the company has completed 76 projects across 15 countries with a total historic executed contract value of Rs 522.20 billion.
The company to raise around ₹5,430.00 crores via IPO that comprises fresh issue of ₹1,250 crores and offer for sale up to 5,750 equity shares with face value of ₹10 each.
The company is globally present in Asia, Africa and Middle East.
As of September 30, 2023, the company has 67 active projects across 13 countries, totaling an order book of Rs 348.88 billion
Competitive Strength
- Strong Track Record of Timely Execution of Large-Scale, Complex and High-Value Projects
- Diversified Order Book across Geographies, Clients, and Business Verticals, Longstanding Relationships with Clients Globally, and Strong Financial Performance.
- Collaboration among internal teams, JV counterparties, and a strategic equipment base, leading to strong execution capabilities.
The company has five major infrastructure business verticals
- Marine and industrial projects include covering ports, harbor jetties, dry docks, wet basins, breakwaters, outfall and intake structures, liquefied natural gas tanks, and material handling systems.
- Surface transport projects cover highways, roads, interchanges, mining-related infrastructure, and railways.
- Urban infrastructure projects include elevated and underground metro works, bridges, flyovers, and elevated corridors.
- Hydro and underground projects cover dams, barrages, tunnels (including large road tunnels), and underground works, water, and irrigation.
- Oil and gas projects cover both offshore and onshore oil and gas projects.
Afcons Infrastructure IPO Details:
| Issuer | Afcons Infrastructure IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: October 25,2024 | |
| Issue Closes: October 29,2024 | ||
| Price Brand | ₹440 to ₹463 per share | |
| Issue Size | ₹ 5,430.00 Cr | |
| Face Value | ₹10 per share | |
| Market Lot | 32 Shares | |
| Retail (Max) | ₹192,608 | |
| QIB | 50 % | |
| HNI | 15 % | |
| Retail Individual Bidders | 35 % | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | 117,278,618 Shares | |
Afcons Infrastructure IPO GMP Rates day by day
Afcons Infrastructure IPO Market Lot:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 32 | ₹14,816 |
| Retail (Max) | 13 | 416 | ₹192,608 |
| S-HNI (Min) | 14 | 448 | ₹207,424 |
| S-HNI (Max) | 67 | 2,144 | ₹992,672 |
| B-HNI (Min) | 68 | 2,176 | ₹1,007,488 |
Afcons Infrastructure IPO Date, Allotment & Listing:
| Afcons Infrastructure IPO Opening Date: | October 25, 2024 |
| Afcons Infrastructure Green IPO Closing Date: | October 29, 2024 |
| Basis of Allotment: | October 30, 2024 |
| Initiation of Refunds: | October 31, 2024 |
| Credit to Demat Account: | October 31, 2024 |
| Listing Date: | November 04, 2024 |
Afcons Infrastructure Limited Financial Information (Restated)
Afcons Infrastructure Limited’s revenue increased by 6% and profit after tax (PAT) rose by 9% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 17,184.58 | 16,233.64 | 14,301.25 | 12,973.77 | ||||||||||||||||||||||||||||||||||||
| Revenue | 3,213.47 | 13,646.88 | 12,844.09 | 11,269.55 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 91.59 | 449.76 | 410.86 | 357.61 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 3,662.25 | 3,575.05 | 3,155.06 | 2,691.03 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 3,342.52 | 3,255.22 | 2,653.75 | 2,190.11 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 3,365.1 | 2,455 | 1,562.82 | 1,555.2 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
The market capitalization of Afcons Infrastructure IPO is Rs 17026.18 Cr.
KPI as of June 30, 2024.
| KPI | Values |
|---|---|
| ROE | 10.55% |
| ROCE | 14.89% |
| Debt/Equity | 0.91 |
| RoNW | 2.50% |
| P/BV | 4.31 |
| PAT Margin (%) | 2.85 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 13.2 | 9.96 |
| P/E (x) | 35.08 | 46.48 |
Objects of the Issue (Afcons Infrastructure IPO Objectives)
- 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
Afcons Infrastructure IPO ALLOTMENT STATUS
How to Apply for Afcons Infrastructure IPO?
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How to Apply Afcons Infrastructure IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Afcons Infrastructure”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply Afcons Infrastructure IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Afcons Infrastructure”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.
PARENT COMPANY FOR SHAREHOLDER QUOTA
IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
What is Afcons Infrastructure IPO?
Afcons Infrastructure IPO is a main-board initial public offering of 117,278,618 Equity shares of the face value of ₹10 aggregating up to ₹ 5,430.00 Crores. The issue price of the IPO is ₹440 to ₹463 Per Equity Share. The minimum order quantity is – Shares per application and the offer type is Book Built Issue. The IPO opens on October 25, 2024 and closes on October 29, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Afcons Infrastructure IPO opens on October 25, 2024 and closes on October 29, 2024.
How to apply for Afcons Infrastructure IPO?
You can apply in Afcons Infrastructure IPO online using either UPI or ASBA as payment method. 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 and SBI Capital Markets Limited are the book running lead managers of the Afcons Infrastructure IPO, while Link Intime India Private Ltd is the registrar for the issue.
When Afcons Infrastructure IPO allotment?
The finalization of Basis of Allotment for Afcons Infrastructure IPO will be done on October 30, 2024, and the allotted shares will be credited to your demat account by October 31, 2024.
Check the Afcons Infrastructure IPO allotment status.
When is Afcons Infrastructure IPO listing date?
The Afcons Infrastructure IPO listing date is not yet announced. The tentative date of Afcons Infrastructure IPO listing is November 04, 2024.
What is the lot size of Afcons Infrastructure IPO?
Afcons Infrastructure lot size is 32 Shares and the minimum order quantity is 1 Share.