Afcons Infrastructure IPO open date is October, 2024 and the IPO will close on October, 2024. Afcons Infrastructure IPO is a Book Built Issue. The company to raise around ₹7,000 crores via IPO that comprises fresh issue of ₹1,250 crores and offer for sale up to 5,750 equity shares with face value of ₹10 each.
The company reported revenue of ₹12,844.1 crores in 2023 against ₹11,269.55 crore in 2022. The company reported profit of ₹410.86 crores in 2023 against profit of ₹357.61 crores in 2022. As per the financials the IPO investors should apply the IPO for a long term.
Afcons Infrastructure IPO Details
| IPO Open Date: | October, 2024 |
| IPO Close Date: | October, 2024 |
| Face Value: | ₹10 Per Equity Share |
| Issue Size: | Approx ₹7,000 Crores |
| Fresh Issue: | Approx ₹1,250 Crores |
| Offer for Sale: | Approx 5,750 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Afcons Infrastructure IPO Dates
The Afcons Infrastructure IPO date is October, 2024 and the close date is October, 2024. The Afcons Infrastructure IPO allotment will be finalized on October, 2024 and the IPO listing on October, 2024.
| PO Open Date: | October, 2024 |
| IPO Close Date: | October, 2024 |
| Basis of Allotment: | October, 2024 |
| Refunds: | October, 2024 |
| Credit to Demat Account: | October, 2024 |
| IPO Listing Date: | October, 2024 |
Afcons Infrastructure IPO Company Financial Report
The company reported revenue of ₹12,844.1 crores in 2023 against ₹11,269.55 crore in 2022. The company reported profit of ₹410.86 crores in 2023 against profit of ₹357.61 crores in 2022.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹9,521.12 | ₹9,230.61 | ₹169.91 | ₹12,489.94 |
| 2022 | ₹11,269.55 | ₹10,863 | ₹357.61 | ₹12,973.77 |
| 2023 | ₹12,844.09 | ₹12,245.02 | ₹410.80 | ₹14,301.25 |
| Sept 2023 | ₹6,655.35 | ₹6,367.92 | ₹195.13 | ₹16,178.70 |
Afcons Infrastructure – Strength and Weakness
| Strength | Weakness |
| Afcons Infrastructure has successfully completed 26 projects across 10 countries, with a total contract value of ₹255,041.42 million. | Afcons faces bidding risks; it won 6, 16, 16, and 12 projects in 2023, 2023, 2022, and 2021 respectively, and failed bids are non-recoverable. |
| Globally recognized, Afcons is ranked 10th in marine and port facilities and 12th in bridges by the 2023 ENR rankings. | Heavy reliance on government contracts, which constituted 68.42% of the order book as of September 30, 2023, exposes Afcons to policy and payment delays. |
| Afcons diverse order book has grown from ₹262,484.65 million in 2021 to ₹348,883.91 million in 2023, reflecting strong financial and operational performance. | Capital intensity requires significant working capital; as of September 30, 2023, working capital loans stood at ₹13,904.47 million, impacting liquidity. |
