October 16, 2024
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Afcon Infrastructure IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com
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- GMP
- Reviews
- Subscription
- Allotment
What is the latest news relating to Afcon Infrastructure IPO?
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What is the latest GMP of Afcon Infrastructure IPO?
Afcon Infrastructure IPO Subscription Status
Will update subscription status once the IPO opens for subscription.
Afcon Infrastructure IPO Allotment Link:
We will provide allotment link, once the allotment is finalised.
Who is the promoter of Afcon Infrastructure IPO?
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What are the Objects of Afcon Infrastructure IPO?
The Offer comprises of fresh issue of shares & also an Offer for Sale by the Selling Shareholders.
The Company proposes to utilise the Net Proceeds towards funding the following objects
- Capital expenditure towards purchase of construction equipment
2. Funding long term working capital requirements
3. Prepayment or scheduled repayment of a portion of certain outstanding borrowings and acceptances availed by the Company
4. General corporate purpose
A Note on the business of Afcon Infrastructure?
Afcons Infrastructure Limited is a leading infrastructure engineering and construction firm under the Shapoorji Pallonji Group, boasting over six decades of experience in the industry.
As of September 30, 2023, Afcons has successfully completed 76 projects across 15 countries, with a total historic executed contract value of Rs.522.20 billion. Currently, the company is engaged in 67 active projects across 13 countries, maintaining a robust order book valued at ₹348.88 billion.
With a strong global presence in Asia, Africa, and the Middle East, Afcons operates through five major infrastructure business verticals:
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Marine and Industrial Projects: This includes the development of ports, harbor jetties, dry docks, wet basins, breakwaters, outfall and intake structures, liquefied natural gas tanks, and material handling systems.
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Surface Transport Projects: Focused on highways, roads, interchanges, mining-related infrastructure, and railways, these projects enhance connectivity and support economic growth.
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Urban Infrastructure Projects: These encompass elevated and underground metro works, bridges, flyovers, and elevated corridors, contributing to urban development and mobility.
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Hydro and Underground Projects: Afcons specializes in the construction of dams, barrages, tunnels (including large road tunnels), and comprehensive water and irrigation systems.
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Oil and Gas Projects: The company handles both offshore and onshore oil and gas projects, delivering critical infrastructure for energy needs.
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Afcon Infrastructure IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Afcon Infrastructure IPO Details |
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| IPO opens on | October 2024 |
| IPO closes on | October 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ? Shares / Rs 7000 Crore |
| * Fresh Issue | ? Sh /Rs 1250 Cr |
| * Offer for Sale | ? shares/ Rs.5750 Crore |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. ? |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. ? per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
| Shares offered in Afcon Infrastructure? | Shares | Rs. in Cr |
| QIB (50 %) | ? | ? |
| NII (15 %) | ? | ? |
| RII (35 %) | ? | ? |
| Employees | – | – |
| Total Shares | ? | ? |
| Retail portion will be oversubscribed by | ? Forms. | |
| How to apply in Afcon Infrastructure IPO? | Amount Rs. | |
| Min Retail Application | ? Shares | ? |
| Max Retail Application | ? Shares | ? |
| Small HNI (Min) application | ? Shares | ? |
| Small HNI (Max) application | ? Shares | ? |
| Big HNI Application | ? Shares | ? |
What is the timetable of Afcon Infrastructure IPO? |
|
| IPO opens on | October 2024 |
| IPO Closes on | October 2024 |
| IPO Allotment on | October 2024 |
| Unblocking of ASBA | October 2024 |
| Credit of Shares | October 2024 |
| Listing on | October 2024 |
| Registered Office of Afcon Infrastructure | |
| Plot No. H-1, SIPCOT Industrial Park, Irrungattukottai, Sriperumbudur Taluk, Kancheepuram District – 602 105, Tamil Nadu, India | |
| Who are the Lead Managers of Afcon Infrastructure IPO? ICICI Securities Limited Dam Capital Advisors Ltd Jefferies India Private Limited Nomura Financial Advisory Nuvama Wealth Management SBI Capital Markets Limited |
|
| Registrar to IPO | |
| Link Intime India Pvt ltd |
|
Afcon Infrastructure IPO Financial & Analytical Ratios |
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| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2021-22 | 11270 | 450 | – | – |
| 2022-23 | 12844 | 411 | 12.06 | 13.02 |
| 2023-24 | 13647 | 358 | ? | ? |
| Book Value of the Share on 31.09.2023 |
Rs. | 97.81 | ||
| BV after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | ? | ||
| Afcon Infrastructure IPO Ratio Analysis |
|
| Price /EPS | ? |
| Price/Book Value Ratio | ? |
| Price/BV after IPO | ? |
How Afcon Infrastructure IPO compares with the Peers?
Peer Comparison.
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Afcons Infrastructure | 10 | 12673 | ? |
| L&T | 2 | 183340 | 48.49 |
| KEC International | 2 | 17282 | 97.21 |
| Kalpataru Projects | 2 | 16361 | 36.72 |
| Dilip Buildcon | 10 | 10644 | (-) |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Afcon Infrastructure IPO Review
We will update our Review & Guidance, once the price band and other details are announced by the company.
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