The first week of October is expected to see the launch of Afcons Infrastructure’s billion-dollar IPO, which will be the company’s largest in over two years, according to sources. The principal engineering and construction division of the Shapoorji Pallonji Group may expand the issue size to ₹8,400 crore, from the initial ₹7,000 crore, which included the pre-IPO allocation. With this, it’s the biggest initial public offering (IPO) since Life Insurance Corp.’s (LIC) May 2022 ₹21,008 crore offering.
Afcons Infrastructure IPO Details
| IPO Open Date | October, 2024 |
| IPO Close Date | October, 2024 |
| Listing Date | October, 2024 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹[.] to ₹[.] Per Share |
| Issue Size | Approx ₹7,000 Crores |
| Fresh Issue | Approx ₹1,250 Crores |
| Offer for Sale | Approx 5,750 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE & NSE |
Afcons Infrastructure Financials
In 2023, the company’s revenue was ₹12,844.1 crore, compared to ₹11,269.55 crore in 2022. In 2023, the company’s profit was ₹410.86 crores, compared to ₹357.61 crores in 2022. Also View the details of Afcons Infrastructure’s IPO values.
| ROE | 13.96% |
| ROCE | 20.04% |
| EBITDA Margin | 10.70% |
| PAT Margin | 3.20% |
| Debt to equity ratio | – |
| Earning Per Share (EPS) | ₹12.06 |
About the Company – Afcons Infrastructure
Afcons Infrastructure Limited, a company under the Shapoorji Pallonji group, was established in 1959 and has been involved in infrastructure engineering and construction for more than 60 years. As of September 30, 2023, the business had completed 76 projects in 15 different countries, totaling Rs 522.20 billion in previously performed contracts. With 67 ongoing projects spread across 13 countries as of September 30, 2023, the company has an order book worth Rs 348.88 billion.
The company’s primary business verticals for infrastructure include Oil and Gas, Surface Transport, Hydro and Underground, Urban Infrastructure, and Marine and Industrial. They have worked on numerous intricate, difficult, one-of-a-kind, and “first of its kind” infrastructure projects in India and around the globe. The world’s tallest single-arch railway bridge, the Chenab Bridge, the Atal Tunnel, the MG Setu Bridge, the Annaram Barrage, the Fourth Container Terminal, and JNPT are a few of their major finished and ongoing projects.
