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Issue Open Date
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25-Oct-24
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Issue Closing Date
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29-Oct-24
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Application Money
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100
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Allotment Money
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Price Band
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440
-
463
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Minimium Application No.
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32
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Issue Size (Shares)
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86619950
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Market Lot
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1
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Objective
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1. Capital expenditure towards purchase of construction equipments2. Funding long term working capital requirements3. Prepayment or scheduled repayment of a portion of certain outstanding borrowings and acceptances availed by our Company4. General corporate purposes
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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18426137
|
93047232
|
5.04974167944155
|
|
Qualified Institutional Buyers
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24568181
|
93144800
|
3.79127783208696
|
|
Retail Individual Investors
|
42994319
|
40574752
|
0.943723564966804
|
|
|
|
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Business Description
We are the flagship infrastructure engineering and construction company of the Shapoorji Pallonji group, a diversified Indian conglomerate, and have a legacy of over six decades. We have a strong track record of executing numerous complex, challenging and unique EPC projects both within India and internationally. According to the Fitch Report, we are one of India’s largest international infrastructure companies, as per the 2023 ENR (Engineering News-Record, US) Top International Contractors rankings, based on International Revenue for the Financial Year 2023. During the period comprising the last ten financial years and the six month period ended September 30, 2023, we have successfully completed 76 projects across 15 countries with a total historic executed contract value of ?522.20 billion. As of September 30, 2023, we have 67 active projects across 13 countries, aggregating to an order book of ?348.88 billion. Among large infrastructure construction companies in India analysed in the Fitch Report, we had the highest ROCE and ROE margins for the Financial Year 2023
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Promoter's Holding
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Total Share Capital
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329250448
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Offered to Public
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86619950
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Promoter's Holding (Pre-Issue)
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96.63
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Promoter's Holding (Post-Issue)
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50.17
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Address |
Afcons House
16 Shah Industrial Estate
Veera Desai Road
Andheri (West)
Mumbai,
Maharashtra,
400053
Phone : 022-67191214
Email : gaurang@afcons.com
Website : www.afcons.com
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Registrar |
Link Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
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Listed at |
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BSE, NSE
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Lead Manager |
Dam Capital Advisors Ltd. (Formerly IDFC Securities Ltd.)
ICICI Securities Ltd
Jefferies India Pvt Ltd.
Nomura Financial Advisory & Securities (India) Pvt Ltd.
Nuvama Wealth Management Ltd.
SBI Capital Markets Ltd
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Promoters |
Firoz Cyrus Mistry
Floreat Investments Pvt Ltd.
Goswami Infratech Pvt Ltd.
Shapoorji Pallonji and Company Pvt Ltd.
Shapoorji Pallonji Mistry
Zahan Cyrus Mistry
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