Afcons House, 16 Shah Industrial Estate,
Veera Desai Road
ndheri (West), Mumbai,-400053
Phone: 022 67191214
Email: gaurang@afcons.com
Website:https://www.afcons.com/en
Last updated on 29-Oct-2024 18:48:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 23347732 | 93144800 | 3.99 |
| HNIs | 17510799 | 93047232 | 5.31 |
| HNIs 10+ | 11673866 | 77450400 | 6.63 |
| HNIs 2+ | 5836933 | 15596832 | 2.67 |
| Retail | 40858531 | 40574752 | 0.99 |
| Employees | 596659 | 1055712 | 1.77 |
| Total | 82313721 | 227822496 | 2.77 |
Application Wise Breakup (Approx) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 26058 | 29993 | 1.15 |
| HNIs (2-10L) | 13029 | 32832 | 2.52 |
| Retail | 1276829 | 704690 | 0.55 |
| Employee | - | 13299 | - |
| Total Applications: 780814 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 1081 | 4312.6 | 3.99 |
| FIIs | - | 2009.5 | - |
| DIIs | - | 521.4 | - |
| Mutual funds | - | 910.12 | - |
| Others | - | 871.58 | - |
| HNIs | 810.75 | 4308.09 | 5.31 |
| HNIs 10+ | 540.5 | 3585.95 | 6.63 |
| HNIs 2+ | 270.25 | 722.13 | 2.67 |
| Retail | 1891.75 | 1878.61 | 0.99 |
| Employees | 27.63 | 48.88 | 1.77 |
| Total | 3811.13 | 10548.18 | 2.77 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹2.48 | @8% ₹2.83 | @9% ₹3.19 | @10% ₹3.54 | @11% ₹3.9 | @12% ₹4.25 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 32 | 14816 | 1276829 |
| sHNI | 14 | 448 | 207424 | 13029 |
| bHNI | 68 | 2176 | 1007488 | 26058 |
Afcons Infrastructure IPO Details
| Total Issue Size | [117,278,618] shares (aggregating up to ₹5430.00 Cr) |
| Fresh Issue | [26,997,840] shares (aggregating up to ₹1,250.00 Cr) |
| Offer for Sale | [90,280,778] shares of ₹10 (aggregating up to ₹4180.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 340,738,269 |
| Share holding post issue | 367,736,109 |
Afcons Infrastructure IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Key Performance Indicators
| KPI | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 10.55% | 13.28% | 13.96% |
| ROCE | 14.89% | 20.18% | 20.04% |
| RONW | 2.50% | 12.58% | 13.02% |
| D/E | 0.91 | 0.68 | 0.49 |
| EPS (basic) | 2.69 | 13.2 | 12.06 |
| P/E Pre IPO | 35.08 | ||
| P/E Post IPO | 46.48 |
Afcons Infrastructure Limited Financial Information (Restated Consolidated)
| Period Ended | Jun-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 17,184.58 | 16,233.64 | 14,301.25 | 12,973.77 |
| Revenue | 3,213.47 | 13,646.88 | 12,844.09 | 11,269.55 |
| Profit After Tax | 91.59 | 449.76 | 410.86 | 357.61 |
| 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 | 3,365.10 | 2,455 | 1,562.82 | 1,555.20 |
| Amount in Crore | ||||
About Company
Afcons Infrastructure Limited, incorporated in 1959, is a leading infrastructure engineering and construction company under the Shapoorji Pallonji group, with over six decades of experience. As of September 30, 2023, the company has completed 76 projects across 15 countries, with a total executed contract value of Rs 522.20 billion. Afcons currently has 67 active projects spanning 13 countries, including regions in Asia, Africa, and the Middle East, with an order book totaling Rs 348.88 billion. The company operates through five major business verticals: Marine and Industrial Projects (covering ports, harbor jetties, dry docks, LNG tanks, and more), Surface Transport Projects (focused on highways, roads, and railways), Urban Infrastructure (including metro works and flyovers), Hydro and Underground Projects (such as dams, tunnels, and irrigation systems), and Oil & Gas Projects (offshore and onshore developments). Afcons has established a strong global presence, delivering critical infrastructure solutions across multiple sectors.
Strength
Diverse Expertise: Afcons Infrastructure excels in multiple sectors, from marine and industrial projects to surface transport and urban infrastructure, showcasing its ability to handle complex, large-scale projects across various industries.
Global Presence: With completed projects in 15 countries and ongoing work in 13 countries, Afcons has a solid international footprint, particularly in Asia, Africa, and the Middle East.
Robust Order Book: As of September 30, 2023, the company has an order book valued at Rs 348.88 billion, reflecting its strong pipeline of projects and sustained demand for its services.
Weakness
Contract Dependency: Failure to win new contracts or qualify for key projects could negatively impact the company's financial performance and future growth prospects.
Government Reliance: A significant portion of Afcons' business depends on government or government-owned projects, exposing the company to risks such as policy changes, delays, and funding uncertainties.
Capital-Intensive Operations: The company’s business requires substantial capital, and insufficient cash flows or inability to secure financing could adversely affect its operations and financial stability.