Afcons Infrastructure IPO Highlights
Afcons Infrastructure Limited is planning to launch its IPO soon. While the exact dates are yet to be confirmed, the company aims to raise around ₹7,000 crore. The IPO will be a mix of a fresh issue worth ₹1,250 crore and an offer for sale of shares amounting to ₹5,750 crore.
Each share will have a face value of ₹10, but the price range hasn’t been set yet. The money raised will be used for buying new equipment, covering working capital, repaying debts, and general corporate purposes. Afcons, part of the Shapoorji Pallonji Group, is using this IPO to fund its continued growth.
Afcons Infrastructure Limited is a long-standing construction company that’s been shaping India’s infrastructure for over 60 years. Part of the Shapoorji Pallonji Group, Afcons has worked on major projects both in India and around the world. They’re involved in complex projects in areas like transportation, marine, and city infrastructure. Some of their well-known achievements include building the Atal Tunnel in the Himalayas and the Jammu Udhampur Highway.
Over time, Afcons has steadily grown and now manages 67 ongoing projects across 13 countries. These projects range from metro systems and bridges to oil and gas infrastructure, and their reach extends to regions like Asia, Africa, and the Middle East.
Many of life’s failures are people who did not realize how close they were to success when they gave up.
Thomas A. Edison
Afcons Infrastructure IPO Detail
| Details | Information |
| IPO Price Range | To be Announced |
| Face Value of Share | ₹10 per share |
| Net Issue Size Offered | ₹5430 crore |
| Fresh Issue | ₹1,250 crore |
| Offer For Sale | ₹4180 crore |
| Listing at | BSE, NSE |
| Issue Type | Book Built Issue |
| IPO DRHP | Click Here |
| IPO RHP | Click Here |
Afcons Infrastructure IPO, Tentative Date Schedule
| Schedule | Dates |
| IPO Opening Date | 25 October, 2024 |
| IPO Closing Date | 29 October, 2024 |
| Allotment Date | 30 October, 2024 |
| Refund Initiation | 31 October, 2024 |
| Credit of Shares in Demat Account | 31 October, 2024 |
| Listing Date | 04 November, 2024 |
Afcons Infrastructure IPO GMP Today
Afcons Infrastructure IPO GMP today is ₹0 as of 10 October 2024.
Afcons Infrastructure IPO Financials
| Financials | 31 March 2024 | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | ₹16,233.64 crore | ₹14,301.25 crore | ₹12,973.77 crore | ₹12,489.94 crore |
| Total Revenue | ₹13,646.88 crore | ₹12,844.09 crore | ₹11,269.55 crore | ₹9,521.12 crore |
| Expense | N/A | N/A | N/A | N/A |
| Profit After Tax | ₹449.76 crore | ₹410.86 crore | ₹357.61 crore | ₹169.91 crore |
| Company’s Net Worth | ₹3,155.06 crore | ₹2,691.03 crore | ₹2,369.47 crore | N/A |
| Total Reserve & Surplus | ₹2,718.55 crore | ₹2,132.55 crore | N/A | N/A |
Company Financial Performance Indicators
| Key Performance Indicators | Value |
| ROCE | 14.89% |
| ROE | 10.55% |
| Price to Book Value | * |
| Return on Net Worth | 13.02% |
| After Tax Profit Margin (%) | 3.20% |
Afcon Infrastructure IPO Lot Size for Different Category of Investors:
| Application | Lot | Number of Shares | Amount (in ₹) |
| Retail Investor (Min. Lot) | 1 | * | * |
| Retail Investor (Max Lot) | 13 | * | * |
| Small HNI (Min. Lot) | 14 | * | * |
| Small HNI (Max. Lot) | 67 | * | * |
| Big HNI (Min. Lot) | 68 | * | * |
Afcon Infrastructure IPO, Investors Reserve Quota
| Shares Reserved for QIB | 50% of the Total Issue |
| Shares Reserved for NII | 35% of the Total Issue |
| Shares Reserved for Retail Investors | 15% of the Total Issue |
Cash Flow Generated by the Company
| Net Cash Flow | 30 April, 2024 | 31 March,2024 | 31 March, 2023 |
| Cash From Operating Activities | * | * | * |
| Cash from Investing Activities | * | * | * |
| Cash From Financing Activities | * | * | * |
Project Based Revenue Generation
| Projects Categories | 30 April 2024 | 31 March 2024 | 31 March 2023 |
| Marine Projects | ₹4,012.48 crore | ₹3,851.71 crore | ₹3,500.65 crore |
| Surface Transport Projects | ₹5,293.97 crore | ₹5,200.65 crore | ₹4,900.12 crore |
| Urban Infrastructure Projects | ₹1,626.56 crore | ₹1,585.79 crore | ₹1,400.23 crore |
| Hydro and Underground Projects | ₹3,954.39 crore | ₹3,272.51 crore | ₹2,900.41 crore |
| Oil and Gas Projects | ₹1,383.42 crore | ₹1,298.23 crore | ₹1,100.89 crore |
Contract Based Revenue Generation
| Contracts | 31 March 2024 | 31 March 2023 |
| Private Sector | ₹10,440.49 crore | ₹13,295.28 crore |
| Government Sector | ₹4,977.35 crore | ₹2,773.48 crore |
| Total | ₹15,417.83 crore | ₹16,068.76 crore |
Afcons Infrastructure IPO Objectives
- Afcons Infrastructure is raising money through the IPO to buy new construction equipment for current and future projects.
2. They need funds to cover day-to-day business expenses and keep operations running smoothly.
3. A part of the money will be used to pay off some of their existing loans, which will help reduce the company’s debt.
4. The rest will go toward general business needs, like improving operations
Afcons Infrastructure IPO Peer Group Comparative Analysis:
Company Name | EPS (₹) | P/E Ratio | Face Value (₹) |
| Afcons Infrastructure | 13.20 | N/A | 10 |
| Larsen & Toubro (L&T) | 66.94 | 30.4 | 2 |
| NCC Limited | 7.42 | 15.2 | 2 |
| Hindustan Construction Co | -0.88 | N/A | 1 |
| IRB Infrastructure | 12.10 | 15.4 | 10 |
| Punj Lloyd | -38.95 | N/A | 2 |
PE Ratio of Industry
| P/E Ratio Metrics | P/E Ratio |
| Highest P/E Ratio | 48.67 |
| Lowest P/E Ratio | 20 |
| Average P/E Ratio | 27.58 |
Afcons Infrastructure IPO Strengths and Weaknesses
Strengths :
- Afcons works not only in India but also in many countries across Asia, Africa, and the Middle East, which spreads its risk.
- The company handles various types of projects like marine, roads, oil and gas, and urban infrastructure, so it doesn’t depend on just one sector.
- Being backed by the well-established Shapoorji Pallonji Group provides Afcons with additional financial and operational support.
- Afcons has a solid history of successfully completing big and challenging projects on time, which boosts its credibility.
Weaknesses :
- In recent years, the company has spent more than it has earned in some areas, especially on investments, which could make it harder to meet future financial needs.
- Afcons depends a lot on contract labor. If they can’t find workers at the right price, it could slow down projects.
- Sometimes, actual costs of completing projects turn out to be higher than expected, which can hurt profits if Afcons can’t recover those extra costs.
- If a project gets canceled, Afcons may not be able to recover the money it has already spent, which could hurt its financial situation.
Management & Promoter Group of Afcons infrastructure IPO
Floreat Investments Private Limited
Shapoorji Pallonji and Company Private Limited (www.shapoorjipallonji.com)
Goswami Infratech Private Limited
| Promoters Shareholding Pre- Issue | 99.48% |
| Promoters Shareholding Post- Issue |
Company’s Dividend Policy
| Dividend Details | 2023 | 2022 |
| Total Dividend (₹ Crore) | ₹28.79 crore | ₹25.19 crore |
| Per Share Dividend (₹) | ₹4 per share | ₹3.50 per share |
Lead Managers of Afcons infrastructure IPO
Nomura Financial Advisory and Securities (India) Private Limited
· ICICI Securities Limited
· SBI Capital Markets Limited
· Jefferies India Private Limited
· DAM Capital Advisors Limited
· Nuvama Wealth Management Limited
Registrar of Afcons Infrastructure IPO
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: garudaconstructions.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Contact Details of Company
Afcons House, 16 Shah Industrial Estate,
Veera Desai Road, Andheri (West),
Mumbai – 400053, Maharashtra, India
Phone:
+91 22 67191214
Email:
info@afcons.com website https://www.afcons.com/en
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