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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Afcons Infrastructure Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹463
Per ShareLot Size
32 Shares
Minimum Investment
₹14,816
Issue Size
₹5,430 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
96.63%
Promoter Holding (Post-Issue)
66.8%
Issue Type
Book Building
ISIN
INE101I01011
We are the flagship infrastructure engineering and construction company of the Shapoorji Pallonji group (i.e., the group's leading engineering and construction company). We have a strong track record of executing numerous technologically complex engineering, procurement and construction ("EPC") projects both within India and internationally. According to the Fitch Report, we are one of India's largest international infrastructure construction companies, as per the 2023 ENR (Engineering News-Record, US) Top International Contractors rankings, based on International Revenue for the Financial Year 2023. In the last eleven financial years and the three-month period ended June 30, 2024, we have successfully completed 79 projects across 17 countries with a total historic executed contract value of Rs.563.05 billion. We typically bid for projects through a competitive bidding process. Our customer contracts typically fall into the following categories -EPC contracts, item rate contracts and cost plus contracts, contracts, item rate EPC contracts and cost plus contracts contributed to 72.37%, 27.38% and 0.25%, respectively, of our total construction contract revenue for the Financial Year 2024.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of up to 117,327,139 equity shares of face value of Rs. 10 each ("Equity Shares") of Afcons Infrastructure Limited (the "Company" or the "Issuer") for cash at a price of Rs. 463 per equity share of face value of Rs. 10 each (including a share premium of Rs. 453 per equity share) ("Offer Price") aggregating up to Rs. 5430.00 crores (the "Offer") comprising a fresh issue of up to 26,046,362 equity shares of face value of Rs. 10 each aggregating up to Rs. 1250.00 crores by the company (the "Fresh Issue") and an offer for sale of up to 90,280,777 equity shares of face value of Rs. 10 each aggregating up to Rs. 4180.00 crores by Goswami Infratech Private Limited (the "Offer for Sale"). This offer includes a reservation of up to 596,658* equity shares of face value of Rs. 10 each, aggregating up to Rs. 25.00 crores (constituting up to 0.16% of the post-offer paid-up equity share capital), for subscription by eligible employees (as defined hereinafter) ("Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The company in consultation with the brlms, may offer a discount of of 9.50% to the offer price (equivalent of Rs. 44 per equity share of face value of Rs. 10 each) to eligible employees bidding in the employee reservation portion ("Employee Discount"). The offer and the net offer shall constitute 31.90% and 31.74%, respectively, of the post-offer paid-up equity share capital of the company. *The actual allotment to eligible employees under reservation portion is 510,592 equity shares of face value of Rs. 10 each. Issue Price is Rs. 463 per equity share of Rs. 10 each. The Floor price is 46.30 times the face value of the equity shares. Bid can be made for a minimum of 32 equity shares and in multiples of 32 equity shares. A discount of Rs. 44 equity share is being offered to eligible employees bidding in the employee reservation portion.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
The global construction industry stood at approximately US$5.7 trillion as of 2023 and is expected to grow to US$7.8 trillion by 2029. Global construction industry growth will largely be driven by expanding construction investment in emerging markets. India is projected to remain the fastest-growing major economy, with real GDP growth rate forecasted at 6.8% for the Financial Year 2026-2027. The Indian construction industry value stood at Rs.23,978.0 billion as of the Financial Year 2023 and is projected to be the fastest growing construction market in the world, growing at a CAGR of 9.5% to 10% between the Financial Years 2023 and 2028 to reach a market size of Rs.38,508.9 billion by the Financial Year 2028.
We originally began our operations as a civil construction firm in 1959 as a partnership between the Rodio Foundation Engineering Limited, Switzerland and Hazarat & Company, India under the name of `Rodio Foundation Engineering Limited and Hazarat & Company'. The Partnership Deed was amended from time to time as a result of addition or retirement of partners, and the partnership was registered under the Indian Partnership Act, 1932 with the Registrar of Firms, Bombay on July 27, 1961. Subsequently, a company was incorporated under the name of `Asia Foundations and Constructions Private Limited' under the Companies Act, 1956, pursuant to a certificate of incorporation dated November 22, 1976 issued by the RoC. Pursuant to an indenture dated March 22, 1977, the entire business and undertaking of the partnership firm i.e., Rodio Foundation Engineering Limited and Hazarat & Company was transferred to our Company as a running concern. Subsequent to the aforementioned transfer, our Company became a deemed public limited company as per Section 43A of the Companies Act, 1956, and the name of our Company was changed from `Asia Foundations and Constructions Private Limited' to `Asia Foundations and Constructions Limited'. Subsequently, the name of our Company was changed from `Asia Foundations and Constructions Limited' to `Afcons Infrastructure Limited' pursuant to a resolution passed in the extraordinary general meeting of our Shareholders held on July 25, 1996, and a fresh certificate of incorporation dated August 14, 1996, was issued to our Company by the RoC. The Company's status was converted from a deemed public company to a public limited company pursuant to a resolution passed in the extraordinary general meeting of our Shareholders held on November 4, 1997, and a fresh certificate of change of name was issued to our Company by the RoC on November 11, 1997.
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.