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Afcons Infrastructure Limited IPO, GMP, Details, Price, And Review
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.
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The company has five major infrastructure business verticals:
- 1. Marine and industrial projects cover ports, harbor jetties, dry docks, wet basins, breakwaters, outfall and intake structures, liquefied natural gas tanks, and material handling systems.
- 2. Surface transport projects cover highways, roads, interchanges, mining-related infrastructure, and railways.
- 3. Urban infrastructure projects include elevated and underground metro works, bridges, flyovers, and corridors.
- 4. Hydro and underground projects cover dams, barrages, tunnels (including large road tunnels), underground works, water, and irrigation.
- 5. Oil and gas projects cover both offshore and onshore oil and gas projects.
Afcons Infrastructure IPO Overview:
- Issue Size: ₹5,430 crores Structure:
- ● Fresh Issue: 2.7 crore shares, aggregating to ₹1,250 crores
- ● Offer for Sale: 9.03 crore shares, aggregating to ₹4,180 crores Subscription Dates:
- ● Opening Date: October 25, 2024
- ● Closing Date: October 29, 2024
- Price Band: ₹440 to ₹463 per share
- Minimum Lot Size: 32 shares Book Running Lead Managers:
- ● 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
- ● SBI Capital Markets Limited
- Registrar: Link Intime India Private Ltd
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Afcons Infrastructure Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 04-11-2024 | 463.00 | 15 (3.24%) | 04-Nov-2024 12:20 |
| 28-10-2024 | 463.00 | 30 (6.48%) | 28-Oct-2024 13:18 |
| 27-10-2024 | 463.00 | 19 (4.10%) | 27-Oct-2024 12:44 |
| 25-10-2024 | 463.00 | 35 (7.56%) | 25-Oct-2024 13:15 |
| 24-10-2024 | 463.00 | 70 (15.12%) | 24-Oct-2024 12:59 |
| 23-10-2024 | 463.00 | 45 (9.72%) | 23-Oct-2024 12:59 |
| 22-10-2024 | 463.00 | 52 (11.23%) | 22-Oct-2024 12:26 |
| 21-10-2024 | 463.00 | 100 (21.60%) | 21-Oct-2024 13:15 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Afcons Infrastructure IPO Overview
| Detail | Description |
|---|---|
| IPO Date | October 25, 2024 to October 29, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹440 to ₹463 per share |
| Lot Size | 32 Shares |
| Total Issue Size | 117,278,618 shares (aggregating up to ₹5,430.00 Cr) |
| Fresh Issue | 26,997,840 shares (aggregating up to ₹1,250.00 Cr) |
| Offer for Sale | 90,280,778 shares of ₹10 (aggregating up to ₹4,180.00 Cr) |
| Employee Discount | Rs 44 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 340,738,269 |
| Shareholding post issue | 367,736,109 |
Afcons Infrastructure IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Friday, October 25, 2024 |
| IPO Close Date | Tuesday, October 29, 2024 |
| Basis of Allotment | Wednesday, October 30, 2024 |
| Initiation of Refunds | Thursday, October 31, 2024 |
| Credit of Shares to Demat | Thursday, October 31, 2024 |
| Listing Date | Monday, November 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 29, 2024 |
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
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Afcons Infrastructure IPO Promoter Holding
| Share Holding Pre Issue | 99.48% |
| Share Holding Post Issue |
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, Long Standing Relationships with Clients Globally, and Strong Financial Performance.
- ● Collaboration among internal teams, JV counterparties, and a strategic equipment base, leading to strong execution capabilities.
Afcons Infrastructure Limited Financial Information
| Period Ended | 30 June 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
| 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 |
Objectives of Afcons Infrastructure IPO
The Company proposes to utilize the Net Proceeds towards funding the following objectives:
FAQs for Afcons Infrastructure IPO
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What is Afcons Infrastructure IPO?
Afcons Infrastructure IPO is a main-board IPO. The company is going to raise ₹5,430 Crores via IPO. The issue is priced at ₹440 to ₹463 per equity share. The IPO is to be listed on BSE & NSE.
-
When will the Afcons Infrastructure IPO open for subscription?
The IPO is to open on October 25, 2024 for QIB, NII, and Retail Investors. The IPO will close on October 29, 2024.
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What is Afcons Infrastructure IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
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What is Afcons Infrastructure IPO Issue Size?
Afcons Infrastructure IPO issue size is ₹5,430 crores.
-
What is Afcons Infrastructure IPO Price Band?
Afcons Infrastructure IPO Price Band is ₹440 to ₹463.
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What is Afcons Infrastructure IPO Lot Size?
The minimum bid is 32 Shares with ₹14,816.
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What is the Afcons Infrastructure IPO Allotment Date?
Afcons Infrastructure IPO allotment date is October 30, 2024.
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What is the Afcons Infrastructure IPO Listing Date?
Afcons Infrastructure IPO listing date is November 4, 2024. The IPO is to be listed on BSE and NSE.
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What is Afcons Infrastructure's current GMP?
The current GMP of the Afcons Infrastructure is 15 (3.24%).
RHP:
RHP of Afcons Infrastructure Limited IPO
DRHP:
DRHP of Afcons Infrastructure Limited IPO
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What is Afcons Infrastructure IPO?
Afcons Infrastructure IPO is a main-board IPO. The company is going to raise ₹5,430 Crores via IPO. The issue is priced at ₹440 to ₹463 per equity share. The IPO is to be listed on BSE & NSE.
-
When will the Afcons Infrastructure IPO open for subscription?
The IPO is to open on October 25, 2024 for QIB, NII, and Retail Investors. The IPO will close on October 29, 2024.
-
What is Afcons Infrastructure IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Afcons Infrastructure IPO Issue Size?
Afcons Infrastructure IPO issue size is ₹5,430 crores.
-
What is Afcons Infrastructure IPO Price Band?
Afcons Infrastructure IPO Price Band is ₹440 to ₹463.
-
What is Afcons Infrastructure IPO Lot Size?
The minimum bid is 32 Shares with ₹14,816.
-
What is the Afcons Infrastructure IPO Allotment Date?
Afcons Infrastructure IPO allotment date is October 30, 2024.
-
What is the Afcons Infrastructure IPO Listing Date?
Afcons Infrastructure IPO listing date is November 4, 2024. The IPO is to be listed on BSE and NSE.
-
What is Afcons Infrastructure's current GMP?
The current GMP of the Afcons Infrastructure is 15 (3.24%).
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