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Afcons Infrastructure IPO

  • Status: Closed
  • RHP:
  • ₹ 14,080 / 32 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    04 Nov 2024

  • Listing Price

    ₹430.05

  • Listing Change

    -7.12%

  • Last Traded Price

    ₹490.80

IPO Details

  • Open Date

    25 Oct 2024

  • Close Date

    29 Oct 2024

  • IPO Price Range

    ₹ 440 to ₹ 463

  • IPO Size

    ₹ 5430.00 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    04 Nov 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Afcons Infrastructure IPO Subscription Status

Last Updated: 30 October 2024 9:37 AM by 5Paisa

Afcons Infrastructure IPO is set to open on 25 October 2024 and will close on 29 October 2024. Afcons Infrastructure is an engineering and construction company that belongs to the Shapoorji Pallonji Group and has a rich history spanning more than sixty years. 

The IPO is a combination of a fresh issue of 2.7 Cr shares aggregating to ₹1,250 Cr and offer for sale of 9.03 Cr shares aggregating to ₹4,180 Cr. The price range is set between ₹440 to ₹463 per share and the lot size is 32 shares. 

The allotment is scheduled to be finalized on 30 October 2024. It will go public on BSE, NSE, with a tentative listing date of 4 November 2024.

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 while Link Intime India Private Ltd is the registrar. 

Afcons Infrastructure IPO Size

Types Size
Total IPO Size ₹5,430.00 Cr
Offer For Sale ₹4,180.00 Cr
Fresh Issue ₹1,250.00 Cr

 

Afcons Infrastructure IPO Lot Size

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 Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 7.02 23,47,733 1,64,81,632 763.100
NII (HNI) 1.65 1,75,10,799 2,89,01,376 1,338.134
Retail 0.48 4,08,58,531 1,96,91,872 911.734
Employees 1.31 5,96,659 7,81,664 36.191
Total 1.07 6,13,13,722 6,58,56,544 3,049.158

 

Afcons Infrastructure IPO Anchor Allocation

Anchor Bid Date 24 October 2024
Shares Offered 35,021,597
Anchor portion Size (In ₹ Cr.) 1,621.50
Anchor lock-in period end date for 50% shares (30 Days) 29 November 2024
Anchor lock-in period end date for remaining shares (90 Days) 28 January 2025

1. Repayment or prepayment of specific borrowings   
2. General corporate purposes 
3. Investing in the acquisition of construction machinery  
4. For working capital needs
 

Founded in 1959, Afcons Infrastructure is a construction and engineering company part of the Shapoorji Pallonji Group and has over sixty years of experience. As of 30 September 2023, the company has completed 76 projects in 15 countries with a total contract value of ₹522.20 billion. Currently, Afcons has 67 ongoing projects across 13 countries, contributing to an order book worth ₹348.88 billion. The company operates in Asia, Africa and the Middle East and focuses on five main areas of infrastructure:

1. Marine and Industrial Projects: This includes ports, harbor jetties, dry docks and other marine structures.
   
2. Surface Transport Projects: This area covers highways, roads, railways and related infrastructure.

3. Urban Infrastructure Projects: This includes metro systems, bridges, flyovers and elevated corridors.

4. Hydro and Underground Projects: This segment focuses on dams, tunnels, and irrigation systems.

5. Oil and Gas Projects: Afcons works on both offshore and onshore oil and gas projects.

Peers

Larsen & Toubro Ltd.
KEC International Ltd.    
Kalpataru Projects International Limited.
Dilip Buildcon Ltd.
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 13,646.88 12,844.09 11,269.55
EBITDA 1583.12  1373.79 1068.50
PAT 449.76 410.86 357.61
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 16,233.64 14,301.25 12,973.77
Share Capital 340.74 71.97 71.97
Total Borrowings 2,455 1,562.82 1,555.2
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities 707.45  1215.48  610.45
Net Cash Generated From / (used in) investing activities -858.57  -870.21 -250.62
Net Cash Generated From / (used in) financing activities 245.53 -482.55 -521.01
Net Increase (Decrease) In Cash And Cash Equivalents 94.41 -137.27  -161.18


Strengths

1. Afcons has a strong track record of completing large, complex and high value projects on time, showcasing its reliability and expertise in the industry.

2. The company benefits from a diverse order book across various regions, customers and business units which helps mitigate risks associated with dependency on a single market or client.

3. Afcons fosters collaboration among internal teams and joint venture partners, supported by a strategic equipment base that enhances its execution capabilities, leading to efficient project management
 

Risks

1. The company operates in various regions, making it vulnerable to economic downturns or fluctuations in demand for infrastructure projects in specific markets.

2. While long standing relationships with customers are a strength any disruption or change in these relationships could impact project continuity and revenue.

3. The need for continuous knowledge management and innovation can pose risks if the company fails to adapt to new technologies or methodologies in the construction and engineering sector.
 

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FAQs

Afcons Infrastructure IPO opens from 25 October to 29 October 2024.

The size of Afcons Infrastructure IPO is ₹5430 Cr.

The price of Afcons Infrastructure IPO is fixed at ₹440 to ₹463 per share. 

To apply for Afcons Infrastructure IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Afcons Infrastructure IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Afcons InfrastructureIPO is 32 shares and the investment required is ₹14080.

The share allotment date of Afcons Infrastructure IPO is 30 October 2024

The Afcons Infrastructure IPO will be listed on 4 November 2024.

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 for Afcons Infrastructure IPO.

1. Repayment or prepayment of specific borrowings   
2. General corporate purposes 
3. Investing in the acquisition of construction machinery  
4. For working capital needs