Afcons Infrastructure Limited, a leading infrastructure engineering and construction company, is part of the Shapoorji Pallonji Group. With over 60 years of expertise, Afcons has developed a strong presence both in India and internationally, focusing on five major infrastructure verticals: Marine & Industrial, Surface Transport, Urban Infrastructure, Hydro & Underground, and Oil & Gas.
The company has successfully completed 79 major projects in 17 countries, with a total historical project value of over ₹56,000 crore. As of mid-2024, Afcons is actively working on 65 projects across 12 countries, totaling an order book of ₹31,747 crore. Its work encompasses complex and high-value infrastructure endeavors, like tunnel construction, urban metros, and offshore facilities.
Afcons Infrastructure’s financial profile shows steady growth. In FY 2024, revenue reached ₹13,646.88 crore, up from ₹12,844.09 crore the previous year. The company’s net profit also rose to ₹449.76 crore, reflecting a year-over-year increase of 9.46%. However, Afcons faces challenges, including a growing debt-to-equity ratio, which increased from 0.49x in FY 2023 to 0.68x in FY 2024. The company’s return on equity (ROE) in FY 2024 was 13.28%, and its EBITDA margin improved to 11.60%.
Afcons Infrastructure Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 25 Oct 2024 |
| IPO Close Date | 29 Oct 2024 |
| Allotment Date | 30 Oct 2024 |
| IPO Listing Date | 04 Nov 2024 |
Afcons Infrastructure Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 440 to Rs. 463 Per Equity Share |
| Market Lot | 32 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 5430 Crore. |
Afcons Infrastructure Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 32 | Rs. 14816 |
| Maximum | 13 | 416 | Rs. 192608 |
| Small HNI (Minimum) | 14 | 448 | Rs. 207424 |
| Big HNI (Minimum) | 68 | 2176 | Rs. 1007488 |
Afcons Infrastructure Limited IPO Allotment Status
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Company Financials:
| Particular | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Total Assets | 16233.64 | 14301.25 | 12973.77 |
| Total Revenue | 13646.88 | 12844.09 | 11269.55 |
| Profit After Tax | 449.76 | 410.86 | 357.61 |
Company Promoters:
The promoters of the Company are Goswami Infratech Private Limited, Shapoorji Pallonji and Company Private Limited and Floreat Investments Private Limited.
Objects of this 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.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Afcons Infrastructure Limited Afcons House, 16 Shah Industrial Estate, Veera Desai Road ndheri (West), Mumbai,-400053 Phone: 022 67191214 Email: gaurang@afcons.com Website: https://www.afcons.com/en | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: afconsinfrastructure.ipo@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
