Afcons Infrastructure is the flagship infrastructure engineering and construction company of the ShapoorjiPallonji group, a diversified Indian conglomerate, and have a legacy of over six decades. They have a strong track record of executing numerous complex, challenging and unique EPC projects both within India and internationally.
Afcons Infrastructure, an Book Built Issue amounting to ₹5,430.00 Crores, consisting an Fresh Issue of 269.97 Lakh Shares worth ₹1,250.00 Crores and an Offer for Sale of 902.80 Lakh Shares totalling to ₹4,180.00 Crores. The subscription period for the Afcons Infrastructure IPO opens on October 25, 2024, and closes on October 29, 2024. The allotment is expected to be finalized on or about Wednesday, October 30, 2024, and the shares will be listed on the BSE & NSE with a tentative listing date set on or about Monday, November 04, 2024.
The Share price band of Afcons Infrastructure IPO is set at ₹440 to ₹463 per equity share. The Market Capitalisation of the Afcons Infrastructure Limited at IPO price of ₹463 per equity share will be ₹17,026 Crores. The lot size of the IPO is 32 shares. Retail investors are required to invest a minimum of ₹14,816, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (448 shares), amounting to ₹2,07,424.
Jefferies India Private Limited, Nomura Financial Advisory and Securities (India) Private Limited, Nuvama Wealth Management Limited and SBI Capital Markets Limited are the book-running lead manager while LINK INTIME INDIA PRIVATE LIMITED is the registrar for the Issue.
Afcons Infrastructure Limited IPO GMP Today
The Grey Market Premium of Afcons Infrastructure Limited IPO is expected to be ₹87 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Afcons Infrastructure Limited IPO Live Subscription Status Today: Real-Time Updates
As of 07:00 PM on 29 October 2024, the Afcons Infrastructure IPO live subscription status shows that the IPO subscribed 2.63 times on its Final day of subscription period. Check the Afcons Infrastructure IPO Live Subscription Status Today at BSE.
Afcons Infrastructure IPO Anchor Investors Report
Afcons Infrastructure has raised ₹1,621.49 Crores from Anchor Investors at a price of ₹463 per shares in consultation of the Book Running Lead Managers. The company allocated 3,50,21,597 equity shares to the Anchor Investors. Check Full List of Afcons Infrastructure Anchor Investor List.
Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion.
Afcons Infrastructure Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Afcons Infrastructure IPO allotment date is 30 October, 2024, Wednesday. Afcons Infrastructure IPO Allotment will be out on 30th October 2024 and will be live on Registrar Website from the allotment date. Check Afcons Infrastructure Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Afcons Infrastructure Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Afcons Infrastructure Limited IPO
Afcons Infrastructure Issue Proceeds from the Fresh Issue will be utilized towards the following objects :
1. ₹800.00 Million will be used for Capital expenditure towards purchase of construction equipments
2. ₹3,200.00 Million will be used for Funding long term working capital requirements
3. ₹6,000.00 Million will be used for Prepayment or scheduled repayment of a portion of certain outstanding borrowings and acceptances availed by the Company
4. General corporate purposes
Refer to Afcons Infrastructure Limited RHP for more details about the Company.
Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.
The Upcoming IPOs in this week and coming weeks are Danish Power Limited IPO, OBSC Perfection Limited IPO , United Heat Transfer Limited IPO, Godavari Biorefineries Limited IPO, Usha Financial Services, Afcons Infrastructure Limited, Archit Nuwood Industries Limited, Swiggy.
The current active IPO is Waaree Energies Limited IPO, Deepak Builders & Engineers India Limited IPO, Premium Plast Limited IPO.
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|---|---|---|
| 1 | Consultation & Return Type Identification – We identify applicable returns based on your business. | Same Day |
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| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
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|---|---|---|
| 1 | Consultation & Return Type Identification – We identify applicable returns based on your business. | Same Day |
| 2 | Document Collection – You share invoices and required details digitally. | 1–2 Days |
| 3 | Data Review & ITC Reconciliation – Our experts verify data and reconcile ITC. | 1 Day |
| 4 | GST Return Preparation – Accurate preparation of GSTR-1 / GSTR-3B / other returns. | 1 Day |
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|---|---|---|
| 1 | Consultation – Our experts understand your income sources and tax requirements. | Same Day |
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|---|---|---|
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|---|---|---|
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| 3 | Application Preparation – MSME registration application prepared on Udyam portal. | Same Day |
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|---|---|---|
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|---|---|---|
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| 2 | Document Collection – Required invoices, returns, and records are gathered. | 1–2 Days |
| 3 | Case Analysis – Detailed examination of discrepancies and legal provisions. | 1 Day |
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Estimated Total Duration: 1–3 Working Days
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