₹ 14816
₹440- ₹463
32
₹426
-8
29 Oct 2024
Download31 Oct 2024
4 Nov 2024
Application Details
The Afcons Infrastructure IPO is set to open for subscription from October 25, 2024, to October 29, 2024. The IPO has a face value of ₹10 per share, with a price band ranging from ₹440 to ₹463 per share. Investors can apply in lots of 32 shares, with the minimum application amount being ₹14,816 for one lot, while the maximum application for retail investors is 13 lots, amounting to 416 shares, or ₹1,92,608.
The total issue size comprises 117,278,618 shares, aggregating up to ₹5,430 crore. This includes a fresh issue of 26,997,840 shares, raising up to ₹1,250 crore, and an offer for sale of 90,280,778 shares, amounting to ₹4,180 crore. Additionally, employees are offered a discount of ₹44 per share.
The important dates for the IPO are as follows: the basis of allotment will be finalized on Wednesday, October 30, 2024, refunds will be initiated on Thursday, October 31, 2024, and shares will be credited to demat accounts the same day. The listing date is scheduled for Monday, November 4, 2024.
About Afcons Infrastructure Limited
Company Overview
Afcons Infrastructure Limited, incorporated in 1959, is a leading infrastructure engineering and construction company under the Shapoorji Pallonji Group. With over six decades of experience, the company has built a strong reputation for delivering complex and high-value projects both in India and internationally.
Global Presence and Project Portfolio
As of September 30, 2023, Afcons has successfully completed 76 projects across 15 countries with a total executed contract value of ₹522.20 billion. The company currently manages 67 active projects across 13 countries, contributing to an order book of ₹348.88 billion. Its global presence spans across Asia, Africa, and the Middle East, where it undertakes major infrastructure projects in various sectors.
Key Business Verticals
Afcons operates in five key infrastructure verticals:
- Marine and Industrial Projects: This includes construction related to ports, jetties, dry docks, and LNG tanks.
- Surface Transport Projects: These encompass highways, roads, railways, and mining infrastructure.
- Urban Infrastructure: Covering metro works, bridges, and flyovers.
- Hydro and Underground Projects: This includes dams, tunnels, and water-related projects.
- Oil and Gas Projects: Both offshore and onshore infrastructure for oil and gas sectors are handled within this division.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.