{"id":4535,"date":"2024-10-21T17:56:04","date_gmt":"2024-10-21T12:26:04","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=4535"},"modified":"2024-10-24T18:04:32","modified_gmt":"2024-10-24T12:34:32","slug":"review-of-afcons-infrastructure-ipo","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/review-of-afcons-infrastructure-ipo\/","title":{"rendered":"Review of Afcons Infrastructure Limited IPO: Lot Size, Check Issue Date, Price"},"content":{"rendered":"\n<p><strong>Afcons Infrastructure IPO Price: <\/strong>\u20b9440 to \u20b9463 per share<strong><br>IPO Dates:<\/strong> 25 October 2024 &#8211; 29 October 2024<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:35%\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\">\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1536\" height=\"411\" src=\"https:\/\/lakshmishree.com\/news\/wp-content\/uploads\/2024\/10\/Afcons-Infrastructure-Logo.jpg\" alt=\"Afcons Infrastructure IPO\" class=\"wp-image-4560\" style=\"width:445px;height:auto\" srcset=\"https:\/\/lakshmishree.com\/news\/wp-content\/uploads\/2024\/10\/Afcons-Infrastructure-Logo.jpg 1536w, https:\/\/lakshmishree.com\/news\/wp-content\/uploads\/2024\/10\/Afcons-Infrastructure-Logo-300x80.jpg 300w, https:\/\/lakshmishree.com\/news\/wp-content\/uploads\/2024\/10\/Afcons-Infrastructure-Logo-1024x274.jpg 1024w, https:\/\/lakshmishree.com\/news\/wp-content\/uploads\/2024\/10\/Afcons-Infrastructure-Logo-768x206.jpg 768w\" sizes=\"(max-width: 1536px) 100vw, 1536px\" \/><\/figure>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:65%\">\n<h2 class=\"wp-block-heading\"><strong>Company Overview<\/strong><\/h2>\n\n\n\n<p>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.<\/p>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Global Presence and Project Portfolio<\/strong><\/h2>\n\n\n\n<p>As of September 30, 2023, Afcons has successfully completed 76 projects across 15 countries with a total executed contract value of \u20b9522.20 billion. The company currently manages 67 active projects across 13 countries, contributing to an order book of \u20b9348.88 billion. Its global presence spans across Asia, Africa, and the Middle East, where it undertakes major infrastructure projects in various sectors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Business Verticals<\/strong><\/h2>\n\n\n\n<p>Afcons operates in five key infrastructure verticals:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Marine and Industrial Projects<\/strong>: This includes construction related to ports, jetties, dry docks, and LNG tanks.<\/li>\n\n\n\n<li><strong>Surface Transport Projects<\/strong>: These encompass highways, roads, railways, and mining infrastructure.<\/li>\n\n\n\n<li><strong>Urban Infrastructure<\/strong>: Covering metro works, bridges, and flyovers.<\/li>\n\n\n\n<li><strong>Hydro and Underground Projects<\/strong>: This includes dams, tunnels, and water-related projects.<\/li>\n\n\n\n<li><strong>Oil and Gas Projects<\/strong>: Both offshore and onshore infrastructure for oil and gas sectors are handled within this division.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Competitive Strengths<\/strong><\/h2>\n\n\n\n<p>Afcons&#8217; competitive edge lies in its:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Proven Execution Capabilities<\/strong>: The company has a strong track record of timely completion of complex projects.<\/li>\n\n\n\n<li><strong>Diversified Order Book<\/strong>: Spanning multiple geographies and sectors, Afcons works with various clients globally.<\/li>\n\n\n\n<li><strong>Strong Client Relationships<\/strong>: It has long-standing client relationships, enabling repeat business.<\/li>\n\n\n\n<li><strong>Robust Financial Performance<\/strong>: Afcons shows strong financial health, supported by high margins and consistent growth.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Recognition and Achievements<\/h2>\n\n\n\n<p>Afcons is recognized as one of India\u2019s largest international infrastructure companies, ranked by ENR (Engineering News-Record, US) based on international revenue for FY 2023. The company has won numerous awards, including the MIKE (Most Innovative Knowledge Enterprise) Award for innovation in knowledge management, from 2018 to 2023. It has also been recognized as a Five Star Export House by the Indian government under the Foreign Trade Policy of 2023.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Technological Expertise and Project Management<\/strong><\/h2>\n\n\n\n<p>Afcons integrates advanced project management systems that allow for efficient planning, control, and timely delivery. Its strong equipment base and in-house capabilities in managing specialized machinery have contributed to the successful execution of landmark projects such as the Atal Tunnel and the Delhi Metro Phase IV.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Sustainability Initiatives<\/strong><\/h2>\n\n\n\n<p>The company actively incorporates Environmental, Social, and Governance (ESG) best practices into its operations. With a dedicated team of environmental auditors and HSE professionals, Afcons has significantly reduced energy consumption and recycles some of its wastewater at project sites. The company is committed to further reducing its environmental footprint in the coming years.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Parentage and Strategic Advantage<\/strong><\/h2>\n\n\n\n<p>Afcons benefits from the robust support of its parent company, the Shapoorji Pallonji Group, which has a legacy of over 150 years. This association provides Afcons with access to a global network, strategic collaborations, and industry knowledge that drives its growth and success.<\/p>\n\n\n\n<p>By leveraging its expertise and strong global presence, Afcons Infrastructure Limited continues to play a significant role in shaping the infrastructure landscape across various regions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-background has-medium-font-size\" style=\"background:linear-gradient(115deg,rgb(254,205,165) 0%,rgb(254,45,45) 50%,rgb(107,0,62) 100%);font-style:normal;font-weight:700\">Bidding Starts In<\/h2>\n\n\n<div\n\t\tclass=\"free align wp-block-ctb-countdown-time\"\tid='ctbCountdownTime-1'\n\tdata-nonce='&quot;61dd1ba065&quot;'\n\tdata-attributes='{&quot;cId&quot;:&quot;1d1bbdab-2&quot;,&quot;destDate&quot;:&quot;2024-10-25T10:00:00&quot;,&quot;padding&quot;:{&quot;vertical&quot;:&quot;10px&quot;,&quot;horizontal&quot;:&quot;15px&quot;,&quot;side&quot;:4,&quot;top&quot;:&quot;10px&quot;,&quot;right&quot;:&quot;15px&quot;,&quot;bottom&quot;:&quot;10px&quot;,&quot;left&quot;:&quot;15px&quot;},&quot;shadow&quot;:{&quot;hOffset&quot;:&quot;1px&quot;,&quot;color&quot;:&quot;rgba(204, 31, 31, 1)&quot;},&quot;boxBG&quot;:{&quot;type&quot;:&quot;solid&quot;,&quot;color&quot;:&quot;var(--ast-global-color-5)&quot;,&quot;gradient&quot;:&quot;linear-gradient(135deg,rgb(254,209,199) 45%,rgb(254,141,198) 100%)&quot;},&quot;boxBorder&quot;:{&quot;radius&quot;:&quot;5%&quot;,&quot;color&quot;:&quot;var(--ast-global-color-3)&quot;,&quot;width&quot;:&quot;3px&quot;},&quot;boxShadow&quot;:{&quot;color&quot;:&quot;rgba(57, 64, 67, 1)&quot;,&quot;hOffset&quot;:&quot;2px&quot;,&quot;vOffset&quot;:&quot;2px&quot;,&quot;blur&quot;:&quot;10px&quot;,&quot;spreed&quot;:&quot;2px&quot;},&quot;digitColor&quot;:&quot;var(--ast-global-color-1)&quot;,&quot;labelColor&quot;:&quot;var(--ast-global-color-1)&quot;,&quot;isSep&quot;:true,&quot;sepSize&quot;:68,&quot;sepColor&quot;:&quot;var(--ast-global-color-1)&quot;,&quot;align&quot;:&quot;&quot;,&quot;layout&quot;:&quot;default&quot;,&quot;isResponsive&quot;:true,&quot;boxIsInline&quot;:false,&quot;boxPosition&quot;:&quot;center&quot;,&quot;isLabels&quot;:true,&quot;isDays&quot;:true,&quot;daysLabel&quot;:&quot;Days&quot;,&quot;isHours&quot;:true,&quot;hoursLabel&quot;:&quot;Hours&quot;,&quot;isMinutes&quot;:true,&quot;minutesLabel&quot;:&quot;Minutes&quot;,&quot;isSeconds&quot;:true,&quot;secondsLabel&quot;:&quot;Seconds&quot;,&quot;isExpired&quot;:false,&quot;hideOn0&quot;:false,&quot;hideOnMobile&quot;:false,&quot;hideOnTablet&quot;:false,&quot;prefixSuffixDirection&quot;:&quot;row&quot;,&quot;prefixText&quot;:&quot;&quot;,&quot;suffixButtonText&quot;:&quot;&quot;,&quot;suffixButtonUrl&quot;:&quot;#&quot;,&quot;addID&quot;:&quot;&quot;,&quot;addClass&quot;:&quot;&quot;,&quot;addCSS&quot;:&quot;&quot;,&quot;width&quot;:&quot;0px&quot;,&quot;background&quot;:{&quot;color&quot;:&quot;#0000&quot;},&quot;alignment&quot;:&quot;center&quot;,&quot;boxWidth&quot;:&quot;170px&quot;,&quot;boxHeight&quot;:&quot;120px&quot;,&quot;boxSpace&quot;:&quot;30px&quot;,&quot;digitTypo&quot;:{&quot;fontSize&quot;:{&quot;desktop&quot;:&quot;48px&quot;,&quot;tablet&quot;:&quot;40px&quot;,&quot;mobile&quot;:&quot;32px&quot;}},&quot;labelTypo&quot;:{&quot;fontSize&quot;:{&quot;desktop&quot;:&quot;18px&quot;,&quot;tablet&quot;:&quot;17px&quot;,&quot;mobile&quot;:&quot;16px&quot;}},&quot;isDaysSingleStyle&quot;:false,&quot;daysBG&quot;:{&quot;type&quot;:&quot;gradient&quot;,&quot;color&quot;:&quot;#146EF5&quot;,&quot;gradient&quot;:&quot;linear-gradient(135deg, #0040E3, #18D4FD)&quot;},&quot;daysDigitColor&quot;:&quot;#fff&quot;,&quot;daysLabelColor&quot;:&quot;#fff&quot;,&quot;isHoursSingleStyle&quot;:false,&quot;hoursBG&quot;:{&quot;type&quot;:&quot;gradient&quot;,&quot;color&quot;:&quot;#146EF5&quot;,&quot;gradient&quot;:&quot;linear-gradient(135deg, #0040E3, #18D4FD)&quot;},&quot;hoursDigitColor&quot;:&quot;#fff&quot;,&quot;hoursLabelColor&quot;:&quot;#fff&quot;,&quot;isMinutesSingleStyle&quot;:false,&quot;minutesBG&quot;:{&quot;type&quot;:&quot;gradient&quot;,&quot;color&quot;:&quot;#146EF5&quot;,&quot;gradient&quot;:&quot;linear-gradient(135deg, #0040E3, #18D4FD)&quot;},&quot;minutesDigitColor&quot;:&quot;#fff&quot;,&quot;minutesLabelColor&quot;:&quot;#fff&quot;,&quot;isSecondsSingleStyle&quot;:false,&quot;secondsBG&quot;:{&quot;type&quot;:&quot;gradient&quot;,&quot;color&quot;:&quot;#146EF5&quot;,&quot;gradient&quot;:&quot;linear-gradient(135deg, #0040E3, #18D4FD)&quot;},&quot;secondsDigitColor&quot;:&quot;#fff&quot;,&quot;secondsLabelColor&quot;:&quot;#fff&quot;,&quot;sepType&quot;:&quot;:&quot;,&quot;prefixTextTypo&quot;:{&quot;fontSize&quot;:{&quot;desktop&quot;:&quot;15px&quot;}},&quot;prefixTextColor&quot;:&quot;#222&quot;,&quot;suffixButtonTypo&quot;:{&quot;fontSize&quot;:{&quot;desktop&quot;:&quot;16px&quot;}},&quot;suffixButtonColors&quot;:{&quot;color&quot;:&quot;#fff&quot;,&quot;bg&quot;:&quot;#222&quot;},&quot;suffixButtonPadding&quot;:{&quot;vertical&quot;:&quot;14px&quot;,&quot;horizontal&quot;:&quot;28px&quot;},&quot;isDismiss&quot;:false,&quot;dismissColor&quot;:&quot;#333&quot;}'\n\tdata-content='&quot;&quot;'\n><\/div>\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\">\n<div class=\"wp-block-buttons alignfull is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-03627597 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-100 has-custom-font-size is-style-fill has-medium-font-size\"><a class=\"wp-block-button__link has-ast-global-color-5-color has-text-color has-link-color wp-element-button\" href=\"https:\/\/lakshmishree.com\/ipo\/\" style=\"border-width:18px;border-radius:32px;padding-top:var(--wp--preset--spacing--20);padding-right:var(--wp--preset--spacing--50);padding-bottom:var(--wp--preset--spacing--20);padding-left:var(--wp--preset--spacing--50)\" target=\"_blank\" rel=\"https:\/\/lakshmishree.com\/ipo\/ noreferrer noopener\">APPLY NOW<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Afcons Infrastructure IPO<\/strong> Specifics:<\/h2>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-353c4f5a wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>IPO Date<\/td><td>October 25, 2024 to October 29, 2024<\/td><\/tr><tr><td>Listing Date<\/td><td>Monday, November 4, 2024<\/td><\/tr><tr><td>Face Value<\/td><td>\u20b910 per share<\/td><\/tr><tr><td>Price Band<\/td><td>\u20b9440 to \u20b9463 per share<\/td><\/tr><tr><td>Lot Size<\/td><td>32 Shares<\/td><\/tr><tr><td>Total Issue Size<\/td><td>117,278,618 shares<br>(aggregating up to \u20b95,430.00 Cr)<\/td><\/tr><tr><td>Fresh Issue<\/td><td>26,997,840 shares<br>(aggregating up to \u20b91,250.00 Cr)<\/td><\/tr><tr><td>Offer For Sale<\/td><td>90,280,778 shares of \u20b910<br>(aggregating up to \u20b94,180.00 Cr)<\/td><\/tr><tr><td>Employee Discount<\/td><td>\u20b944 per share<\/td><\/tr><tr><td>Issue Type<\/td><td>Book Built Issue IPO<\/td><\/tr><tr><td>Listing At<\/td><td>BSE, NSE<\/td><\/tr><tr><td>Share holding pre issue<\/td><td>340,738,269<\/td><\/tr><tr><td>Share holding post issue<\/td><td>367,736,109<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Afcons Infrastructure IPO<\/strong> Timetable (Important Dates)<\/h2>\n\n\n\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>IPO Open Date<\/td><td>Friday, October 25, 2024<\/td><\/tr><tr><td>IPO Close Date<\/td><td>Tuesday, October 29, 2024<\/td><\/tr><tr><td>Basis of Allotment<\/td><td>Wednesday, October 30, 2024<\/td><\/tr><tr><td>Initiation of Refunds<\/td><td>Thursday, October 31, 2024<\/td><\/tr><tr><td>Credit of Shares to Demat<\/td><td>Thursday, October 31, 2024<\/td><\/tr><tr><td>Listing Date<\/td><td>Monday, November 4, 2024<\/td><\/tr><tr><td>Cut-off time for UPI mandate confirmation<\/td><td>5 PM on October 29, 2024<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Afcons Infrastructure IPO<\/strong> Lot Size<\/h2>\n\n\n\n<p>Bidders have the opportunity to bid for a minimum of 32 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.<\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-353c4f5a wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Application<\/th><th>Lots<\/th><th>Shares<\/th><th>Amount<\/th><\/tr><\/thead><tbody><tr><td>Retail (Min)<\/td><td>1<\/td><td>32<\/td><td>\u20b914,816<\/td><\/tr><tr><td>Retail (Max)<\/td><td>13<\/td><td>416<\/td><td>\u20b91,92,608<\/td><\/tr><tr><td>S-HNI (Min)<\/td><td>14<\/td><td>448<\/td><td>\u20b92,07,424<\/td><\/tr><tr><td>S-HNI (Max)<\/td><td>67<\/td><td>2,144<\/td><td>\u20b99,92,672<\/td><\/tr><tr><td>B-HNI (Min)<\/td><td>68<\/td><td>2,176<\/td><td>\u20b910,07,488<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Afcons Infrastructure IPO<\/strong> Reservation<\/h2>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-353c4f5a wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>QIB Shares Offered<\/td><td>Not more than 50% of the Net offer<\/td><\/tr><tr><td>Retail Shares Offered<\/td><td>Not less than 35% of the Offer<\/td><\/tr><tr><td>NII (HNI) Shares Offered<\/td><td>Not less than 15% of the Offer<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Afcons Infrastructure Limited IPO Financial Information<\/strong><\/h2>\n\n\n\n<p>Afcons Infrastructure Limited experienced a positive growth trajectory with a 6% increase in revenue and a notable 9% rise in profit after tax (PAT) from the fiscal year concluding on March 31, 2024, to March 31, 2023. This financial performance showcases the company&#8217;s upward momentum and improved profitability during the specified period.<\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-353c4f5a wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Period Ended<\/th><th>31 Mar 2022<\/th><th>31 Mar 2023<\/th><th>31 Mar 2024<\/th><th>30 June 2024<\/th><\/tr><\/thead><tbody><tr><td>Assets<\/td><td>12,973.77<\/td><td>14,301.25<\/td><td>16,233.64<\/td><td>17,184.58<\/td><\/tr><tr><td>Revenue<\/td><td>11,269.55<\/td><td>12,844.09<\/td><td>13,646.88<\/td><td>3,213.47<\/td><\/tr><tr><td>Profit After Tax<\/td><td>357.61<\/td><td>410.86<\/td><td>449.76<\/td><td>91.59<\/td><\/tr><tr><td>Net Worth<\/td><td>2,691.03<\/td><td>3,155.06<\/td><td>3,575.05<\/td><td>3,662.25<\/td><\/tr><tr><td>Reserves and Surplus<\/td><td>2,190.11<\/td><td>2,653.75<\/td><td>3,255.22<\/td><td>3,342.52<\/td><\/tr><tr><td>Total Borrowing<\/td><td>1,555.2<\/td><td>1,562.82<\/td><td>2,455<\/td><td>3,365.1<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><small>Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Key Performance Indicator &#8211; <strong>Afcons Infrastructure IPO<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-353c4f5a wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>KPI<\/th><th>Values<\/th><\/tr><\/thead><tbody><tr><td>Market Cap <\/td><td>\u20b9 17,026.18 Cr.<\/td><\/tr><tr><td>EPS<\/td><td>\u20b913.2<\/td><\/tr><tr><td>P\/E (x)<\/td><td>35.08<\/td><\/tr><tr><td>ROE<\/td><td>10.55%<\/td><\/tr><tr><td>ROCE<\/td><td>14.89%<\/td><\/tr><tr><td>Debt\/ Equity<\/td><td>0.91<\/td><\/tr><tr><td>RoNW<\/td><td>2.50%<\/td><\/tr><tr><td>P\/BV<\/td><td>4.31<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><sub><sup>as of June 30, 2024<\/sup><\/sub><\/figcaption><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Objects of the Issue:<\/strong><\/h2>\n\n\n\n<p>The company intends to use the net proceeds for the following purposes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>General corporate purposes<\/li>\n\n\n\n<li>Capital expenditure for acquiring construction equipment<\/li>\n\n\n\n<li>Financing long-term working capital needs<\/li>\n\n\n\n<li>Prepayment or scheduled repayment of certain outstanding borrowings and acceptances<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Prospectus Links:<\/strong><\/h2>\n\n\n\n<p><strong>Prospectus:<\/strong> Official documents that provide detailed information about the IPO and the company. <\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-left is-layout-flex wp-container-core-group-is-layout-7aba0d93 wp-block-group-is-layout-flex\" style=\"padding-top:0;padding-bottom:0\">\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-fe9cc265 wp-block-group-is-layout-flex\">\n<p class=\"has-ast-global-color-0-color has-text-color has-link-color wp-elements-8375a1b05f275a025287d0a2095ccea7\"><a href=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/apr-2024\/afcons-infrastructure-limited_13596.html\" target=\"_blank\" rel=\"noreferrer noopener\">Afcons Infrastructure Limited IPO DRHP.<\/a><\/p>\n\n\n\n<p class=\"has-ast-global-color-0-color has-text-color has-link-color wp-elements-7fa5b739ad27de71b649b033426b445d\"><a href=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/oct-2024\/afcons-infrastructure-limited-rhp_87927.html\" target=\"_blank\" rel=\"noopener\">Afcons Infrastructure Limited IPO RHP<\/a><\/p>\n<\/div>\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Afcons Infrastructure IPO Price: \u20b9440 to \u20b9463 per shareIPO Dates: 25 October 2024 &#8211; 29 October 2024 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4564,"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":[550,161,162],"class_list":["post-4535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-news","tag-afcons-infrastructure-ipo","tag-ipo","tag-upcoming-ipo"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4535","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=4535"}],"version-history":[{"count":8,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4535\/revisions"}],"predecessor-version":[{"id":4742,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4535\/revisions\/4742"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/4564"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=4535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=4535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=4535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}