Afcons Infrastructure Ltd. IPO

Afcons Infrastructure IPO is a book-built issue worth Rs 5,430 crore, comprising a fresh issue of Rs 1,250 crore (2.7 crore shares) and an offer for sale (OFS) of Rs 4,180 crore (9.03 crore shares). The IPO will open for subscription from October 25 to October 29, 2024, with the allotment expected on October 30 and a tentative listing on November 4, 2024, on BSE and NSE. The price band is Rs 440-463 per share, with a minimum lot size of 32 shares, requiring Rs 14,816 from retail investors.

RHP
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DRHP
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Open Date

2024-10-25

Close Date

2024-10-29

Afcons Infrastructure Ltd. IPO Details

Check out the issue details for Afcons Infrastructure Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 463

Price Band

₹ 440 - 463

Issue Size

5430 Cr.

Issue Type

Book Built

Open

2024-10-25

Close

2024-10-29

Listingprice

₹ 426

ListingGain

-7.99%

Listing Date

2024-11-04

CMP

₹ 433.4

Current Return

-6.39%

Afcons Infrastructure Ltd. News

Afcons' Bhupatipur-Punpun elevated road gets inaugurated by Bihar CM18 Jun, 12:26PM Afcons Infrastructure gets LoA from Reliance Industries9 Jun, 10:43AM Afcons Infrastructure informs about change in management4 Jun, 1:27PM Afcons Infrastructure bags LoA worth Rs 463.50 crore31 May, 12:15PM Afcons Infrastructure informs about audio recording of conference call27 May, 4:00PM Afcons Infra - Quaterly Results23 May, 6:59PM Afcons Infra - Quaterly Results23 May, 6:59PM Afcons Infrastructure informs about disclosure 16 May, 12:38PM Afcons Infrastructure informs about disclosure 9 May, 12:14PM Afcons Infrastructure informs about analyst meet 8 Apr, 4:16PM Afcons Infrastructure gets environmental clearance for raghavpur multipurpose project 4 Apr, 5:00PM Afcons Infrastructure submits analyst meet intimation4 Mar, 3:09PM Afcons Infrastructure informs about disclosure1 Mar, 2:54PM Afcons Infrastructure recognised in Hurun India 500 list 25 Feb, 4:12PM Afcons Infrastructure informs about investor meet 24 Feb, 4:32PM Afcons Infrastructure informs newspaper publication 14 Feb, 5:18PM Afcons Infrastructure reports 36% rise in Q3 consolidated net profit14 Feb, 4:38PM Afcons Infra - Quaterly Results13 Feb, 5:22PM Afcons Infra - Quaterly Results13 Feb, 5:22PM Afcons Infra - Quaterly Results13 Feb, 5:22PM

Company Financials

You can get the following financial statements of Afcons Infrastructure Ltd. as of now.

Exchange

NSE: AFCONS BSE: 544280

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

Afcons Infrastructure IPO Details

The details about the Afcons Infrastructure IPO are as:

  • The issue size of the IPO is 5430 Cr.
  • The price band for Afcons Infrastructure IPO is Rs 440 to Rs 463.
  • The shares of Afcons Infrastructure IPO will list on 4th November 2024.
  • The latest tentative GMP of Afcons Infrastructure IPO is Rs 23.
  • The shares of Afcons Infrastructure IPO are subscribed 2.77 Times as of 29th October 2024. 

 

Afcons Infrastructure IPO Valuation

The approx valuation of Afcons Infrastructure IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 463
Existing Shares (Qty) 34.07 Cr
Fresh Issue 1250 Cr
Market Cap 17,024.41 Cr
EPS (FY24) Rs 13.20
PE Ratio 35.07x
Industry PE 47.91x

 

Afcons Infrastructure IPO Issue Size

Afcons Infrastructure IPO issue size is 5430 Cr.

Issue Amount
Fresh Issue 1250 Cr
Offer For Sale 4180 Cr

 

Afcons Infrastructure IPO Market Lot

An Individual can apply for a minimum 1 lot of 32 shares and a maximum of 13 lots of 416 shares. Find the details below:

Application Lot Shares Amount
Minimum 1 32 Rs 14,816
Maximum 13 416 Rs 1,92,608

 

Afcons Infrastructure IPO share offer

The shares of Afcons Infrastructure IPO are subscribed 2.77 Times as of 29th October 2024. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Maximum 50%
Non-Institutional Minimum 15%
Retail Individual Minimum 35%

 

Afcons Infrastructure IPO GMP (Grey Market Premium)

As on GMP (Tentative)
26 October 2024 Rs 33
28 October 2024 Rs 18
29 October 2024 Rs 23

Afcons Infrastructure IPO GMP is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Find below the dates for Afcons Infrastructure IPO:

Schedule Date
Basis of Allotment 30 October 2024
Refunds 31 October 2024
Credit to Demat Account 31 October 2024
IPO Listing Date 04 November 2024

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 8930.67 10498.55 12466.61 12907.27 12499.93
Total Expenditure 8189.73 9735.03 11147.54 11553.04 11058.73
Operating Profit 740.94 763.52 1319.07 1354.23 1441.2
Other Income 223.15 293.96 216.89 378.07 485.25
Interest 465.53 423.22 444.14 576.8 627.99
Depreciation 245.33 351.22 468.8 490.56 489.16
Exceptional Items 0 0 0 0 0
Profit Before Tax 253.23 283.04 623.02 664.94 809.3
Provision for Tax 127.3 23.74 213.35 222.82 223.17
Net Profit 125.93 259.3 409.67 442.12 586.13
Adjusted EPS (Rs.) 1.75 3.6 5.69 1.3 1.59

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 521.97 521.97 521.97 340.74 367.78
Total Reserves 1498.4 1716.85 2146.91 2734.55 4458.97
Borrowings 472.64 401.89 596.48 597.69 595.24
Other N/C liabilities 2675.44 2668.87 2488.2 2425.98 3022.78
Current liabilities 6913.59 7443.6 8264.36 9873.88 8709.42
Total Liabilities 12082.04 12753.18 14017.92 15972.84 17154.19
Assets
Net Block 1985.24 2304.94 2446.53 2769.83 2725.47
Capital WIP 145.52 17.53 183.6 43.07 32.85
Intangible WIP 0 0 0 0 0
Investments 11.92 12.41 12.35 12.18 19.98
Loans & Advances 2484.16 2571.31 2532.42 2340.98 2599.65
Other N/C Assets 270.34 304.07 320.76 359.88 386.86
Current Assets 7184.86 7542.92 8522.26 10446.9 11389.38
Total Assets 12082.04 12753.18 14017.92 15972.84 17154.19
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2024 Dec 2024 Mar 2025
Other Income 130.72 118.82 161.1
Profit Before Tax 195.69 217.66 248.47
Tax 55.22 50.96 73.13
Profit After Tax 140.47 166.7 175.34
Adjusted EPS (Rs) 4.12 4.53 4.77

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2025 50.17 43.46
Dec 2024 50.17 43.46
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations 253.23 283.04 623.02 664.94 809.3
Adjustment 804.47 656.11 806.56 956.5 872.17
Changes in Assets & Liabilities -200.18 -252.93 -132.21 -558.29 -1557.93
Tax Paid -47.82 -116.41 -99.87 -250.08 -240.27
Operating Cash Flow 809.7 569.81 1197.5 813.07 -116.73
Investing Cash Flow -197.09 -211.13 -820.37 -890.93 -139.4
Financing Cash Flow -542.59 -515.79 -470.68 245.7 291.57
Net Cash Flow 70.02 -157.11 -93.55 167.84 35.44
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