Afcons Infrastructure IPO

Infrastructure flagship from AFCONS…

Afcons Infrastructure Limited is an Indian multinational construction and engineering company based in Mumbai.  The company provides EPC (Engineering, Procurement and Construction) services.  The company is involved in the construction of infrastructure projects such as bridges, flyovers, metros, tunnels, pipelines, roads, ports and barrages, as well as oil and gas projects.  The founder of Afcons Infrastructure Limited is Mr. S.P. Hinduja, a well-known entrepreneur and industrialist. However, the company’s roots can be traced back to the Shapoorji Pallonji Group, which was founded by Mr. Shapoorji Pallonji in 1865.  Mr. S.P. Hinduja is a part of the prominent Hinduja Group, a global conglomerate with interests in various sectors, including infrastructure, automotive, energy, and more. Under his leadership, Afcons Infrastructure has grown to become a leading construction and engineering company in India, with a strong presence in international markets as well.

Some of their notable projects include the Atal Tunnel (the longest highway tunnel in the world), Chenab Rail Bridge, Dahej Port, Dhaka-Chittagong railway corridor doubling, Kolkata Metro Line 6, Chennai Metro Blue Line, Udhampur–Jammu highway, KR Puram Bridge in Bangalore, Kanpur Metro, East West Metro Tunnel in Kolkata, Namma Metro in Bangalore, New railway bridge adjacent to Rajendra Setu on River Ganga in Begusarai, Bihar, Ram Jhula in Nagpur, Samruddhi Mahamarg Package-14 and Package-02, Pandoh-Takoli, T49 Tunnel in Jammu & Kashmir, Vembanad Rail Bridge, Agaléga Military Base in Mauritius, Kosi Bridge Project in Bhagalpur, Bihar, Kochi Metro, Delhi–Meerut Regional Rapid Transit System, Saraswati Barrage and Agra–Lucknow Expressway.

Issue size                                         :             5430 Crs.

Price band                                      :             Rs.443-463

IPO Opening date                          :             October 25, 2024

IPO Closing on                                :             October 29, 2024

Allotment date                               :             October 30, 2024

Refund date                                    :             October 31, 2024

Listing date                                     :             November 04, 2024

GMP                                                 :             Rs.200-225

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