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Afcons Infrastructure IPO: Everything You Need to Know
Afcons Infrastructure Limited, a major player in the infrastructure and construction sector, is set to launch its highly anticipated IPO on October 25, 2024. This IPO will raise ₹5,430 crores through a combination of a fresh issue and an offer for sale (OFS). Here’s a complete breakdown of the Afcons Infrastructure IPO, its key details, and why it has captured the attention of investors.
Key Afcons Infrastructure IPO Details
IPO Size: ₹5,430 crores
- Fresh Issue: 2.7 crore shares (₹1,250 crores)
- Offer for Sale (OFS): 9.03 crore shares (₹4,180 crores)
- Opens: October 25, 2024
- Closes: October 29, 2024
Price Band: The price range for this IPO is set between ₹440 to ₹463 per share.
Minimum Investment:
- Retail Investors: 32 shares or ₹14,816
- sNII (Small Non-Institutional Investors): 14 lots (448 shares), amounting to ₹207,424
- bNII (Big Non-Institutional Investors): 68 lots (2,176 shares), amounting to ₹1,007,488
Allotment Date: The allotment is expected to be finalized on October 30, 2024.
Listing Date: Shares will be listed on BSE and NSE on November 4, 2024.
Investor Category Allocation
- QIB (Qualified Institutional Buyers): Not more than 50% of the net issue.
- Retail Investors: Not less than 35% of the net issue.
- NII (Non-Institutional Investors): Not less than 15% of the net issue.
Afcons IPO Financial Performance
A look at the financials of Afcons ipo gives insight into the company's growth and stability:
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Crores) | 17,184.58 | 16,233.64 | 14,301.25 | 12,973.77 |
| Revenue (₹ Crores) | 3,213.47 | 13,646.88 | 12,844.09 | 11,269.55 |
| Profit After Tax (₹ Crores) | 91.59 | 449.76 | 410.86 | 357.61 |
| Net Worth (₹ Crores) | 3,662.25 | 3,575.05 | 3,155.06 | 2,691.03 |
| Total Borrowing (₹ Crores) | 3,365.10 | 2,455.00 | 1,562.82 | 1,555.20 |
Key Observations:
- The company’s revenue has seen steady growth over the years, with FY2024 recording ₹13,646.88 crores.
- Afcons Infrastructure has maintained profitability, showing consistent growth in profit after tax (PAT).
- Net worth has been on the rise, indicating a strong financial foundation.
- The company’s borrowings have increased, but this could be tied to ongoing expansion projects.
Why Invest in Afcons IPO?
- Established Industry Player: Afcons Infrastructure has a proven track record in the infrastructure space, with decades of experience in executing complex projects. It is recognized for its expertise in constructing roads, bridges, tunnels, marine works, and more.
- Steady Financial Growth: The company’s consistent revenue growth and profitability make it an attractive investment option, especially for those looking for stability in the infrastructure sector.
- Strong Future Outlook: With the Indian government’s focus on infrastructure development, Afcons is well-positioned to benefit from increased spending in this sector. Their robust project pipeline and execution capability are a significant advantage.
- Diverse Investor Appeal: The IPO offers a balanced allocation, with opportunities for retail investors, institutional investors, and non-institutional investors alike.
Risks to Consider
- Increased Borrowings: The rise in the company’s borrowings over the past few years could be a concern if the debt levels continue to grow.
- Economic Factors: The infrastructure industry is sensitive to broader economic conditions, including changes in government policies and raw material costs, which could impact project timelines and profitability.
Conclusion
Afcons IPO presents an exciting opportunity for investors to invest in a well-established infrastructure company with a strong financial track record and promising growth prospects. With the Indian infrastructure sector poised for expansion, Afcons Infrastructure is in a prime position to capitalize on the upcoming projects.
For investors looking to diversify their portfolio with a stake in a leading infrastructure company, Afcons Infrastructure IPO offers a solid investment option.
FAQs About Afcons Infrastructure IPO
1. What is the price band for Afcons IPO?
The price band for Afcons IPO is set between ₹440 and ₹463 per share.
2. What are the IPO dates for Afcons IPO?
The IPO opens for subscription on October 25, 2024, and closes on October 29, 2024.
3. What is the minimum investment for retail investors?
Retail investors can apply with a minimum of 32 shares, which amounts to ₹14,816.
4. When will the allotment for Afcons IPO be finalized?
The allotment is expected to be finalized on October 30, 2024.
5. When will Afcons IPO be listed?
Afcons IPO is expected to list on BSE and NSE on November 4, 2024.
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IPO