Afcons Infrastructure IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Afcons Infrastructure IPO. Explore Afcons Infrastructure IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Afcons Infrastructure Limited is a flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, boasting a legacy of over six decades. Renowned for executing complex and challenging EPC (Engineering, Procurement, and Construction) projects both in India and internationally, Afcons has a substantial track record and a strong presence across Asia, Africa, and the Middle East. The company excels in various infrastructure sectors, maintaining a significant order book and achieving high returns on capital and equity. Afcons is recognized for its innovative project management and dedication to sustainable practices.
Key Points:
- Company Evolution and Legacy:
- Over six decades of experience in infrastructure engineering and construction.
- Part of the Shapoorji Pallonji Group, a diversified Indian conglomerate.
- Global Presence and Achievements:
- 79 projects completed across 17 countries with a cumulative value of ₹563.05 billion. (as of June 30, 2024).
- 65 ongoing projects in 12 countries, maintaining a robust order book worth ₹317.47 billion.
- Notable Completed Projects:
- Chenab Bridge: Tallest single-arch railway bridge in the world (Jammu and Kashmir, India).
- Atal Tunnel: World’s longest highway tunnel at high altitude (Himachal Pradesh, India).
- MG Setu Bridge: First superstructure replacement project in India (Patna, Bihar, India).
- Annaram Barrage: Part of the world's largest multi-stage lift irrigation project (Telangana, India).
- Fourth Container Terminal, JNPT: Deepest berths at Jawaharlal Nehru Port (Mumbai, Maharashtra, India).
- Zambia – Lusaka City Decongestion Project: Zambia's first flyovers (Lusaka, Zambia).
- Ongoing Landmark Projects:
- Kolkata Metro: India’s first underwater metro tunnel (Kolkata, West Bengal, India).
- Male to Thilafushi Link Project: Largest infrastructure project in the Maldives.
- Mumbai – Ahmedabad High Speed Railway: India’s first undersea rail tunnel.
- Business Verticals:
- Marine and Industrial: Ports, jetties, LNG tanks, material handling systems.
- Surface Transport: Highways, roads, railways, mining infrastructure.
- Urban Infrastructure: Metro works, bridges, flyovers.
- Hydro and Underground: Dams, tunnels, irrigation.
- Oil and Gas: Offshore and onshore projects.
- Sustainability and ESG Commitment:
- Integration of environmental, social, and governance best practices.
- Over 40 environmental auditors and 250 HSE professionals.
- Significant reductions in energy consumption and wastewater recycling.
- Parentage and Support:
- Benefits from the Shapoorji Pallonji Group’s reputation, global presence, and industry experience.
- Strategic guidance and support from experienced board and management team.
Objects of the Issue
- Capital expenditure towards purchase of construction equipment
- Funding long term working capital requirements
- Prepayment or scheduled repayment of a portion of certain outstanding borrowings and acceptances availed by the Company
- General corporate purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 25 Oct - 29 Oct 2024 |
| IPO Price Band | ₹440 - ₹463 per share |
| Fresh Issue | ₹1,250 crore |
| Offer For Sale | ₹4,180 crore |
| Total IPO Size | ₹5,430 crore |
| Face Value | ₹ 10 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 25 Oct 2024 |
| IPO Closing Date | 29 Oct 2024 |
| Basis Of Allotment | 30 Oct 2024 |
| Refunds | 31 Oct 2024 |
| Demat Transfer | 31 Oct 2024 |
| IPO Listing Date | 04 Nov 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| Total Income | 11,269.55 | 12,844.09 | 13,646.87 | 3,213.47 |
| Total Expenses | 10,863.0 | 12,245.02 | 12,974.27 | 3,078.03 |
| Net Profit/Loss | 357.61 | 410.86 | 449.74 | 91.59 |
| NPM (*) | 3.17 | 3.20 | 3.30 | 2.85 |
| Total Assets | 12,973.77 | 14,301.25 | 16,233.64 | 17,184.58 |
| Total Liabilities | 10,270.97 | 11,123.97 | 12,636.12 | 13,499.75 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| EPS | 10.49 | 12.06 | 13.20 | 2.69 |
| ROE (%) | 14.02 | 13.96 | 13.28 | 10.55 |
| ROCE (%) | 17.30 | 20.04 | 20.18 | 14.89 |
| D/E Ratio | 0.57 | 0.49 | 0.68 | 0.91 |
| Current Ratio | 1.09 | 1.09 | 1.11 | 1.14 |
| EBITDA MARGIN (%) | 9.48 | 10.70 | 11.60 | 11.57 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Afcons Infrastructure Limited | 13,267.50 | 35.08 | 13.20 | 12.58 | 104.92 |
| Larsen & Toubro Limited (L&T) | 2,21,112.91 | 37.14 | 93.88 | 15.24 | 623.15 |
| KEC International Limited | 19,914.17 | 74.67 | 13.49 | 8.68 | 155.32 |
| Kalpataru Project International Limited | 19,626.43 | 42.20 | 31.37 | 10.17 | 308.36 |
| Dilip Buildcon Limited | 12,011.90 | 37.63 | 13.36 | 4.44 | 298.85 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 3.99 |
| Non-Institutional Investor (NII/HNI) | 5.31 |
| Retail Individual Investor (RII) | 0.99 |
| Total | 2.77 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- GOSWAMI INFRATECH PRIVATE LIMITED
- SHAPOORJI PALLONJI AND COMPANY PRIVATE LIMITED
- FLOREAT INVESTMENTS PRIVATE LIMITED
- SHAPOORJI PALLONJI MISTRY
- FIROZ CYRUS MISTRY
- ZAHAN CYRUS MISTRY
Lead Managers
- ICICI Securities Limited
- DAM Capital Advisors Limited
- Jefferies India Private Limited
- Nomura Financial Advisory and Securities (India) Private Limited
- Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited)
- SBI Capital Markets Limited
Company Address
Afcons Infrastructure Limited
Afcons House, 16 Shah Industrial Estate, Veera Desai Road, Andheri (West), Mumbai, Maharashtra, 400053, India
Phone: 022 6719 1214
Email: gaurang@afcons.com
Website: www.afcons.com
FAQs
- What is the issue size of the Afcons Infrastructure IPO?The Afcons Infrastructure IPO has an issue size of ₹5,430 crore. This includes a fresh issue of ₹1,250 crore and an offer for sale (OFS) of ₹4,180 crore .
- What is the price band of the Afcons Infrastructure IPO?The price band for the Afcons Infrastructure IPO is ₹440 - ₹463 per share.
- What are the bidding dates for the Afcons Infrastructure IPO?The Afcons Infrastructure IPO will open for bidding on 25 Oct 2024 and close on 29 Oct 2024.
- What is the allotment date for the Afcons Infrastructure IPO?The allotment date for the Afcons Infrastructure IPO is 30 Oct 2024.
- What is the listing date for the Afcons Infrastructure IPO?The listing date for the Afcons Infrastructure IPO is 04 Nov 2024.
- What is the Afcons Infrastructure IPO grey market premium?The grey market premium (GMP) for the Afcons Infrastructure IPO is currently at ₹15, with an expected listing gain of approximately 3.24%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.