Afcons Infrastructure IPO Rating
3 
Afcons Infrastructure IPO Details
| IPO Open Date: | October 25, 2024 |
| IPO Close Date: | October 29, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹440 to ₹463 Per Share |
| Issue Size: | Approx ₹5,430 Crores |
| Fresh Issue: | Approx ₹1,250 Crores |
| Offer for Sale: | Approx 4,180 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Afcons Infrastructure IPO IPO Market Lot
The Afcons Infrastructure IPO minimum market lot is 32 shares with ₹14,816 application amount. The retail investors can apply up-to 13 lots with 416 shares or ₹1,92,608 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 32 | ₹14,816 |
| Retail Maximum | 13 | 416 | ₹1,92,608 |
| S-HNI Minimum | 14 | 448 | ₹2,07,424 |
| B-HNI Minimum | 68 | 2,176 | ₹10,07,488 |
Afcons Infrastructure IPO Dates
The Afcons Infrastructure IPO date is October 25, 2024 and the close date is October 29, 2024. The Afcons Infrastructure IPO allotment will be finalized on October 30, 2024 and the IPO listing on November 4, 2024.
| IPO Open Date: | October 25, 2024 |
| IPO Close Date: | October 29, 2024 |
| Basis of Allotment: | October 30, 2024 |
| Refunds: | October 31, 2024 |
| Credit to Demat Account: | October 31, 2024 |
| IPO Listing Date: | November 4, 2024 |
Promoters of Afcons Infrastructure IPO
The promoters of the company are Goswami Infratech Private Limited, Shapoorji Pallonji and Company Private Limited and Floreat Investments Private Limited.
About Afcons Infrastructure IPO
Afcons Infrastructure Limited is located in Afcons House, 16 Shah Industrial Estate, Veera Desai Road, Andheri (West), Mumbai, Maharashtra, 400053, India. The company’s flagship is the infrastructure engineering and construction company of the Shapoorji Pallonji group, a diversified Indian conglomerate, and has a legacy of over six decades. They have a strong and substantial track record of executing numerous complex, challenging, and unique EPC projects both within India and internationally.
According to the Fitch Report, they are one of India’s largest international infrastructure companies, as per the 2023 ENR (Engineering News-Record, US) Top International Contractors rankings, based on International Revenue for the Financial Year 2023. Over the years, they have expanded their presence globally and in particular across Asia, Africa, and the Middle East. They have undertaken many complex, challenging, unique, and ‘first of its kind’ infrastructure projects in India and the rest of the world.
The company was also accorded the status of Five Star Export House in accordance with the provisions of the Foreign Trade Policy 2023 by the Indian government in 2023. This company’s strong point is to notice customers’ feedback and adaptability and immediate solutions according to their problems.
Afcons Infrastructure IPO Company Financial Report
The company reported revenue of ₹13,646.87 crores in 2024 against ₹12,844.09 crore in 2023. The company reported a profit of ₹449.74 crores in 2024 against a profit of ₹410.80 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹9,521.12 | ₹9,230.61 | ₹169.91 | ₹12,489.94 |
| 2022 | ₹11,269.55 | ₹10,863 | ₹357.61 | ₹12,973.77 |
| 2023 | ₹12,844.09 | ₹12,245.02 | ₹410.80 | ₹14,301.25 |
| 2024 | ₹13,646.87 | ₹12,974.27 | ₹449.74 | ₹16,233.64 |
| June 2024 | ₹3,213.47 | ₹3,078.03 | ₹91.59 | ₹17,184.58 |
Afcons Infrastructure IPO Valuation – FY2024
Check Afcons Infrastructure IPO valuation details like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 13.28% |
| ROCE: | 20.18% |
| EBITDA Margin: | 11.60% |
| PAT Margin: | 3.30% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹13.20 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 12.58% |
| Net Asset Value (NAV): | ₹104.92 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Larsen & Toubro Limited | 93.96 | 37.14 | 15.24% | 623.15 | 2,211,12.91 Cr. |
| KEC International Limited | 13.49 | 74.67 | 8.68% | 155.32 | 19914.17 Cr. |
| Kalpataru Project International Limited | 31.37 | 42.20 | 10.17% | 308.36 | 19626.43 Cr. |
| Dilip Buildcon Limited | 13.75 | 37.63 | 4.44% | 298.85 | 12011.90 Cr. |
Objects of the Issue
- 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 Review
- IPO Watch – May Apply
- Canara Bank – Apply
- Cholamandalam Securities – Neutral
- KR Choksey Securities – Apply
- Emkay Global –
- Hem Securities –
- IDBI Capital –
- Marwadi Shares – Apply
- Nirmal Bang –
- SBICAP Securities –
- Sharekhan –
- SMC Global –
- Sushil Finance –
- Swastika Investmart –
- Ventura Securities –
- Geojit –
- Reliance Securities –
- Capital Market –
- BP Wealth –
- ICICIdirect –
- Choice Broking –
Afcons Infrastructure IPO Registrar
Link Intime India Private Limited
Phone: +91 810 811 4949
E-mail: [email protected]
Website: www.linkintime.co.in
IPO Lead Managers aka Merchant Bankers
- ICICI Securities Limited
- DAM Capital Advisors Limited
- Jefferies India Private Limited
- Nomura Financial Advisory and Securities (India) Private Limited
- Nuvama Wealth Management Limited
- SBI Capital Markets Limited
Company Address
Afcons Infrastructure Limited
Afcons House, 16 Shah Industrial Estate,
Veera Desai Road, Andheri (West),
Mumbai-400053,
Maharashtra, India
Phone: 022-67191214,
Email: [email protected]
Website: www.afcons.com
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Note: The Afcons Infrastructure IPO price band and date are officially announced. The (Afcons Infrastructure IPO grey market premium) will be added to the IPO GMP page as it will start).
