Afcons Infrastructure is launching an IPO valued at Rs 5,430.00 crores, structured as a book-built issue. The offering consists of a fresh issue of 2.7 crore shares totaling Rs 1,250.00 crores, along with an offer for sale of 9.03 crore shares worth Rs 4,180.00 crores.
The Afcons Infrastructure IPO will be available for subscription starting October 25, 2024, and closing on October 29, 2024. The allotment process is expected to be completed by Wednesday, October 30, 2024. Trading of Afcons Infrastructure shares is planned to begin on BSE and NSE, with the anticipated listing date set for Monday, November 4, 2024.
Afcons Infrastructure operates in the engineering, procurement, and construction (EPC) sector. They are a part of the Shapoorji Pallonji Group and specialize in executing complex infrastructure projects across various segments, including marine and industrial, surface transport, urban infrastructure, hydro and underground, and oil and gas.
The price range for the Afcons Infrastructure IPO has been set between ₹440 and ₹463 per share. A minimum application must consist of 32 shares. Retail investors need to invest at least ₹14,816. For sNII, the minimum investment requirement is 14 lots (448 shares), equating to ₹207,424, while for bNII, the minimum is 68 lots (2,176 shares), totaling ₹1,007,488.
The book-running lead managers for the Afcons Infrastructure IPO are ICICI Securities Limited, Dam Capital Advisors Ltd (formerly known as IDFC Securities Ltd), Jefferies India Private Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd, Nuvama Wealth Management Limited, and SBI Capital Markets Limited. Link Intime India Private Ltd will serve as the registrar for the IPO.
Afcons Infrastructure IPO Details:
| Company Name | Afcons Infrastructure Limited |
| Sector | Engineering, Procurement, and Construction |
| IPO Type | Mainboard |
| IPO Open date | 25th Oct 2024 |
| IPO Close date | 29th Oct 2024 |
| OFS | |
| Listing Exchanges | NSE, BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Afcons Infrastructure IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 32 | 14,816 |
| sHNI (Min) | 14 | 448 | 2,07,424 |
| bHNI (Min) | 68 | 2176 | 10,07,488 |
Afcons Infrastructure IPO Timeline:
| IPO Open Date | 25th Oct 2024 |
| IPO Close Date | 29th Oct 2024 |
| Basis of Allotment | 30th Oct 2024 |
| Refund Initiation Date | 31st Oct 2024 |
| Shares Credit to Demat | 31st Oct 2024 |
| Listing Date | 04th Nov 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Afcons Infrastructure’s financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s engineering, procurement, and construction Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Afcons Infrastructure & Engineers and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
