Afcons Infrastructure Limited (MAINBOARD) (TENTATIVE DATE)

Oct 21, 2024 - Oct 23, 2024

Price ₹0 - ₹0
Premium ₹0
Lot size 0
Allotment Oct 24, 2024
Listing Oct 28, 2024
About

Afcons Infrastructure IPO Details

Total Issue Size[.] shares
(aggregating up to ₹7,000.00 Cr)
Fresh Issue[.] shares
(aggregating up to ₹1,250.00 Cr)
Offer for Sale[.] shares of ₹10
(aggregating up to ₹5,750.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue340,738,269

Afcons Infrastructure IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50.00% of the Net Issue
Retail Shares OfferedNot less than 35.00% of the Net Issue
NII (HNI) Shares OfferedNot less than 15.00% of the Net Issue

Key Performance Indicators

KPISep-23Mar-23Mar-22
ROE12.58%13.96%14.02%
ROCE17.06%20.04%17.30%
RONW5.85%13.02%13.29%
D/E0.850.490.57
EPS
(basic)
5.7312.0610.49

Afcons Infrastructure Limited Financial Information (Restated Consolidated)

Afcons Infrastructure Limited's revenue increased by 6% and profit after tax (PAT) rose by 9% between the financial year ending with March 31, 2024 and March 31, 2023.

Period EndedMar-24Mar-23Mar-22Mar-21
Assets16,233.6414,301.2512,973.7712,489.94
Revenue13,646.8812,844.0911,269.559,521.12
Profit After Tax449.76410.86357.61169.91
Net Worth3,155.062,691.032,369.47
Reserves and Surplus2,718.552,132.55
Total Borrowing1,562.821,555.201,588.59
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.

Lead Manager(s)

ICICI Securities Limited

Dam Capital Advisors Ltd

Jefferies India Private Limited

Nomura Financial Advisory And Securities (India) Pvt Ltd

Nuvama Wealth Management

SBI Capital Markets Limited

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.

Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: afconsinfrastructure.ipo@linkintime.co.in
Websitehttps://linkintime.co.in/initial_offer/public-issues.html