
Afcons Infrastructure IPO
Afcons Infrastructure Limited, a prominent engineering and construction firm with more than 60 years of experience managing intricate EPC (Engineering, Procurement, and Construction) projects, is a member of the Shapoorji Pallonji Group. Afcons has a significant presence in Asia, Africa, and the Middle East and conducts business in India and other countries. Engineering News-Record (ENR) named it one of India’s leading international infrastructure firms in 2023.
Afcons is a leader in several industries, including oil and gas, hydro, urban infrastructure, industrial, transportation, and marine. Among the many honors the company has won are the Indian and international MIKE (Most Innovative Knowledge Enterprise) awards from 2018 to 2023.
Industry Outlook From FY 2018 to FY 2022, India’s infrastructure sector rose at a 11.4% annual pace, from ₹5,041.1 billion to ₹7,750.6 billion. By FY 2028, it is anticipated to have grown at a 9.9% rate to ₹13,719.3 billion thanks to government initiatives and increased investments.
Opening Date 25th October’2024 | Closing Date 29th October’2024 |
Price Band ₹440 to ₹463 per share | Issue Size 117,278,618 shares (aggregating up to ₹5,430.00 Cr) |
Face Value ₹10 per share | Market Lot 32 shares |
Listing at NSE,BSE |
IPO Open Date | Friday, October 25, 2024 |
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IPO Close Date | Tuesday, October 29, 2024 |
Allotment Date | Wednesday, October 30, 2024 |
Initiation Of Refunds | Thursday, October 31, 2024 |
Credit Of Shares To Demat Account | Thursday, October 31, 2024 |
IPO Listing Date | Tuesday, October 22, 2024 |
UPI Mandate Expiry Date | 5 PM on October 29, 2024 |
Financial Highlights
Particulars (in Rs. Crores) | 30 Jun 2024 (in Cr.) | 31 Mar 2024 (in Cr.) | 31 Mar 2023 (in Cr.) | 31 Mar 2022 (in Cr.) |
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Revenue from Operations (in ₹ million) | 3,213.47 | 13,646.88 | 12,844.09 | 11,269.55 |
Profit After Tax (PAT) (in ₹ million) | 91.59 | 449.76 | 410.86 | 357.61 |
Cash & Cash Equivalents (in ₹ million) | 17,184.58 | 16,233.64 | 14,301.25 | 12,973.77 |
Return on Net Worth (%) | 3,662.25 | 3,575.05 | 3,155.06 | 2,691.03 |
Reserves and Surplus | 3,342.52 | 3,255.22 | 2,653.75 | 2,190.11 |
Total Borrowing | 3,365.1 | 2,455 | 1,562.82 | 1,555.2 |
Know before investing
Strengths | Risks | ||
---|---|---|---|
Afcons Infrastructure has completed 26 major projects in 10 countries, with a total contract value of ₹255,041.42 million. | Afcons won 6 projects in 2023, 16 projects in 2022, and 12 in 2021. However, when they lose a bid, they cannot recover the costs of those bids. | ||
Afcons is ranked 10th in Marine & Port Facilities and 12th in Bridges globally, as per the 2023 ENR rankings. | Afcons needs a lot of money to run its projects. As of September 30, 2023, they had taken out ₹13,904.47 million in working capital loans, which affects their cash flow and liquidity. | ||
Afcons’ order book increased from ₹262,484.65 million in 2021 to ₹348,883.91 million in 2023, showcasing robust financial and operational performance. | As of September 30, 2023, 68.42% of Afcons' order book came from government projects, making them vulnerable to policy changes and delays in payments from the government. | ||
Afcons has received the prestigious MIKE Award every year from 2018 to 2023 for its excellence in project management and knowledge practices. | There is a high risk from delayed payments, with ₹21,060.94 million in overdue receivables (money that hasn’t been paid for more than six months), which could put pressure on their finances. |
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How to apply for Afcons Infrastructure IPO ?
Retail investors need to apply for the IPO using UPI
UPI
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Frequently Asked Questions
An IPO also known as initial pulic offering or stock launch is a process when a private company sale its shares to public for the first time. Learn more about IPO at our knowledge centre.
Afcons Infrastructure IPO has also filed its DRHP for an IPO comprising a fresh issue of aggregating up to Rs. 142,194,700 equity shares.
A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.
IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.
Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.
You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.
IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as ‘capital gains’.
Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.
Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.
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