Afcons Infrastructure IPO Review Valuation Date amp GMP

Afcons Infrastructure Ltd., also known as Shapoorji Pallonji IPO, is launching a mainboard IPO worth Rs. 7,000 crore. Established in 1959, Afcons Infrastructure is a part of the Shapoorji Pallonji Group, a well-established name in the infrastructure engineering and construction industry, boasting over 60 years of experience. The Afcons Infrastructure ipo aims to raise Rs. 1,250 crore through a fresh issue, with Rs. 5,750 crore offered through an offer-for-sale (OFS).
The company has a global presence, with projects across the Middle East, Africa, and Asia. By September 2023, Afcons completed 76 projects worth Rs. 522.20 billion, with 67 ongoing projects valued at Rs. 348.88 billion. Their core expertise lies in marine and industrial infrastructure, surface transport, urban infrastructure, hydro and underground projects, and oil and gas developments.
The IPO is slated to open on * and close on *. The funds raised will be used to acquire construction machinery, meet working capital needs, and repay outstanding loans.
Project Portfolio Highlights
Chenab Bridge, J&K, India
Zambia-Lusaka City Decongestion Project, Zambia
Ghana Rail Project, Ghana
Company Financials Afcons reported a total revenue of Rs. 13,646.88 crore for FY 2024, with a 6% revenue growth and 9% PAT growth from the previous fiscal year. The company's order book spans various sectors, with significant contributions from marine and industrial (Rs. 27,894.14 million) and urban infrastructure (Rs. 130,512.96 million).
IPO Reservation
Retail investors: 35%
Institutional investors: 50%
Non-institutional investors: 15%
With a strong project pipeline and a proven track record, Afcons Infrastructure ipo size offers substantial growth potential.