{"id":4527,"date":"2024-10-21T09:13:42","date_gmt":"2024-10-21T03:43:42","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=4527"},"modified":"2024-10-21T09:13:43","modified_gmt":"2024-10-21T03:43:43","slug":"afcons-infrastructure-sets-ipo-price-band-at-%e2%82%b9440-%e2%82%b9463-per-share","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/afcons-infrastructure-sets-ipo-price-band-at-%e2%82%b9440-%e2%82%b9463-per-share\/","title":{"rendered":"Afcons Infrastructure Sets IPO Price Band at \u20b9440-\u20b9463 per Share"},"content":{"rendered":"\n

Afcons Infrastructure Ltd has announced a price band of \u20b9440-\u20b9463 per share for its upcoming initial public offering (IPO), set to open on October 25. Anchor investors can bid starting on October 24, and the IPO will close on October 29.<\/p>\n\n\n\n

IPO Structure and Shareholding<\/strong><\/p>\n\n\n\n

The public issue comprises a fresh issuance of equity shares worth \u20b91,250 crore and an offer-for-sale of shares valued at \u20b94,180 crore by its promoter Goswami Infratech. Currently, promoters, including Goswami Infratech, Shapoorji Pallonji & Company, Floreat Investments, Hermes Commerce, and Renaissance Commerce, hold a combined 99% stake in the company, with the remaining 1% owned by public shareholders.<\/p>\n\n\n\n

Use of Funds<\/strong><\/p>\n\n\n\n

The company plans to allocate \u20b980 crore from the fresh issue for the purchase of construction equipment and \u20b9320 crore for long-term working capital requirements. Additionally, \u20b9600 crore will be used to repay debt, while the remaining funds will go toward general corporate purposes.<\/p>\n\n\n\n

Track Record and Financial Performance<\/strong><\/p>\n\n\n\n

Afcons Infrastructure has an excellent project execution track record, having executed 79 projects in 17 countries valued at \u20b956,305 crore since FY13. It currently has 65 ongoing projects in 12 countries valued at \u20b931,747 crore as of June 2024.<\/p>\n\n\n\n

The company reported a net profit of \u20b9449.7 crore for FY24, an increase of 9.5% YoY, while revenue was up 5% at \u20b913,267.5 crore. A net profit of \u20b9 91.6 crore was recorded by Afcons during Q1 FY25, marking an increase of 0.7% y-o-y, although revenue contracted 0.5% to \u20b93,154.4 crore.<\/p>\n\n\n\n

Post-IPO Timeline<\/strong><\/p>\n\n\n\n

The basis of share allotment will be finalized on October 30, with equity shares credited to investors’ demat accounts by October 31. Trading on the BSE and NSE is expected to commence on November 4.<\/p>\n\n\n\n

Do you have a news tip for Lakshmishree reporters? Please email us at <\/em>media@lakshmishree.com<\/p>\n\n\n\n

Source:\u00a0Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

Afcons Infrastructure Ltd has announced a price band of \u20b9440-\u20b9463 per share for its upcoming initial public offering (IPO), set to open on October 25. Anchor investors can bid starting on October 24, and the IPO will close on October 29. IPO Structure and Shareholding The public issue comprises a fresh issuance of equity shares […]<\/p>\n","protected":false},"author":1,"featured_media":4528,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[55],"tags":[540],"class_list":["post-4527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-news","tag-afcons-infrastructure-ipo-price-band"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=4527"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4527\/revisions"}],"predecessor-version":[{"id":4529,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4527\/revisions\/4529"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/4528"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=4527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=4527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=4527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}