Afcons Infrastructure
Listed
Listed
IPO Timeline
Issue open date
25 Oct 2024Issue close date
29 Oct 2024UPI mandate deadline
29 Oct 2024Allotment finalization
30 Oct 2024Refund initiation
31 Oct 2024Share credit
31 Oct 2024Listing date
4 Nov 2024Mandate end date
13 Nov 2024Lock-in end date for anchor investors (50%)
29 Nov 2024Lock-in end date for anchor investors (remaining)
28 Jan 2025Key Dates
Open
25 Oct 2024Close
29 Oct 2024Listing
4 Nov 2024Quick Stats
Issue Size:5430cr
Lot Size:32 shares
About the Company
Afcons Infrastructure was founded in 1959. It is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group and a multinational firm headquartered in Mumbai, India. Afcons excels in diverse sectors such as marine, surface transport, urban infrastructure, hydro, underground, and oil and gas. The company provides infrastructure services and is involved in the construction of projects such as flyovers, metros, bridges, pipelines, roads, ports, barrages, and oil and gas facilities.
Strengths
- The company has a legacy of over six decades with a strong track record of executing complex and challenging Engineering, Procurement, and Construction (EPC) projects in India and internationally.
- The company has a diversified order book across metro and urban infrastructure works, tunneling and hydro projects, surface transport, marine, and oil and gas segments.
- Afcons Infrastructure Limited has a healthy order book position, providing strong medium-term revenue visibility and demonstrating its ability to secure projects across various segments and geographies.
- The company’s operating income has grown over the years, and expected annual revenue growth and stable operating margins have contributed to this.
Risks
- A significant portion of projects comes from government or government-owned entities, which introduces risks associated with political changes, bureaucratic delays, and funding availability.
- Projects awarded may be challenged by unsuccessful bidders, resulting in potential delays or disruptions. Legal proceedings can incur substantial costs and may lead to the termination of contracts, adversely affecting future revenues.
- Competition from other infrastructure companies, such as Larsen & Toubro Limited, KEC International Limited, Kalpataru Project International Limited, and Dilip Buildcon Limited, may threaten Afcons’ market share and profitability.
- The infrastructure industry, where Afcons operates, can be subject to regulatory changes, economic fluctuations, and project delays, which could impact the company’s performance.
Afcons Infrastructure IPO – Frequently Asked Questions
- The price band for the Afcons Infrastructure IPO is set at ₹440 to ₹463 per share.
- The Afcons Infrastructure IPO opens on October 25, 2024 and closes on October 29, 2024.
- The tentative listing date for the Afcons Infrastructure IPO is November 4, 2024.
- You can apply for the Afcons Infrastructure IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Afcons Infrastructure, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Afcons Infrastructure IPO is 32 shares. Investors must apply for at least one lot (i.e., 32 shares).