Afcons Infrastructure Limited IPO 2024: An Insightful Overview for Investors
PLEASE NOTE THAT THIS BLOG IS ABOUT AN UPCOMING IPO, SO THE DETAILS MAY CHANGE IN FUTURE, WE'LL BE UPDATING IT FREQUENTLY TO GIVE YOU THE MOST RECENT INFORMATION, BUT PLEASE DOUBLE CHECK THE INFORMATION PROVIDED TO AVOID MISTAKES WHILE MAKING DECISIONS!
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Afcons Infrastructure Limited, a key player in the infrastructure sector and part of the esteemed Shapoorji Pallonji Group, is set to launch its highly anticipated Initial Public Offering (I.P.O.). With a rich history in executing challenging projects and maintaining financial stability, Afcons is poised to attract significant interest from investors. This blog provides an insightful overview of the Afcons Infrastructure IPO, covering essential details, key dates, financial performance, and market expectations.
IPO Details
Afcons Infrastructure aims to raise ₹7,000 crore, with the proceeds from the fresh issue earmarked for working capital, debt repayment, and capital expenditures. The I.P.O. comprises both a fresh issue and an offer for sale (OFS). Below are the critical details of the offering:
| Particulars | Details |
|---|---|
| Total Issue Size | ₹7,000 crore |
| Fresh Issue | ₹1,250 crore |
| Offer for Sale | ₹5,750 crore |
| Face Value | ₹10 per share |
| Issue Type | Book Built Issue |
Reservation Details
In compliance with SEBI regulations, the share allocation will follow this pattern:
| Investor Category | Percentage of Offer |
|---|---|
| Qualified Institutional Buyers (QIB) | 50% |
| Non-Institutional Investors (NII) | 15% |
| Retail Individual Investors (RII) | 35% |
Key Dates
While the exact dates are yet to be confirmed, the I.P.O. is expected to open and close in October 2024:
| Event | Date |
|---|---|
| IPO Open Date | October 2024 |
| IPO Close Date | October 2024 |
| Basis of Allotment | TBD |
| Initiation of Refunds | TBD |
| Credit of Shares to Demat | TBD |
| Listing Date | TBD |
Financial Performance
| Financial Metric | FY 2023 (₹ Cr) |
|---|---|
| Revenue from Operations | ₹12,637.38 crore |
| Profit After Tax (PAT) | ₹410.86 crore |
| Revenue Growth (YoY) | 14.69% (from ₹11,018.97 Cr in FY22) |
| PAT Growth (YoY) | 14.89% (from ₹357.60 Cr in FY22) |
Grey Market Premium (GMP)
| Date | GMP |
|---|---|
| October 2024 | TBD |
IPO Prospectus
- IPO RHP: Coming Soon…
- IPO DRHP: Click Here
- Stay Connected With SEBI…
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