Afcons Infrastructure IPO: IPO Price, Details, GMP

Admin
19 October 2024

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.

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

Afcons Infrastructure Limited IPO And GMP

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:

● Capital expenditure towards the purchase of construction equipment.

● Long-term financing working capital requirements.

● Prepayment or scheduled repayment of a portion of certain outstanding borrowings and acceptances availed by the Company.

● General corporate purpose.

FAQs for Afcons Infrastructure IPO

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%).