Afcons Infrastructure IPO | IPO Date, Price, GMP, Details, How to Apply

India's infrastructure sector is set to get its next big-ticket IPO as Afcons Infrastructure Limited is lined up to make a debut. This book-built issue of ₹5,430 crores promises to be a mix of fresh growth capital and existing investors getting an opportunity to offload shares via OFS. The investors have already become quite impatient and excited about the listing of IPO, awaiting a very promising premium on the very first day of the debut.

About Afcons Infrastructure Limited

Afcons Infrastructure Limited, the flagship engineering and construction arm of the prestigious Shapoorji Pallonji Group, brings over six decades of expertise in delivering a wide range of innovative and complex EPC projects. With a strong reputation for excellence, Afcons is recognized as one of India’s largest international infrastructure companies, according to the 2023 ENR Top International Contractors rankings.

The company operates in various industries such as transportation, marine, oil & gas, and urban infrastructure. It has also earned its reputation across the world due to its landmark projects in Asia, Africa, and the Middle East. This indicates that the company is concerned with innovation, excellent engineering accuracy, and efficient operation.

Afcons, as a global business and high-class execution entity, makes its future in the infrastructure domain in India and other parts of the world.

Why is the Afcons Infrastructure IPO Special?

Afcons Infrastructure Ltd is raising a fresh issue of ₹1,250 crores with an offer for sale of 4,180 shares worth ₹4,180 crores by existing shareholders through OFS. "On one hand, this raises fresh capital for the company; at the same time, it gives liquidity to early investors", it says. Not another IPO for market participants but an investment into a company long hooked into India's infrastructure journey.

It operates at a face value of ₹10 per equity share, thus assigned by the authorities in the IPO price band of ₹440-₹463 per share, showing its growth prospects. Click for the GMP of this IPO. The IPO would close on October 29, 2024. All eyes would now be on the allotment date by October 30, 2024, with a tentative listing date slated for November 4, 2024.

Price, Lot Size, and Investment Categories

🔹 Price Band: ₹440-463 per equity share

🔹 Minimum Lot Size (Retail): 32 Shares (₹14,816/-)

🔹 sNII Investment: 448 Shares (₹2,07,424/-)

🔹 bNII Investment: 2,176 Shares (₹10,07,488/-)

Why You Must Invest In This IPO:

Afcons Infrastructure has been a known name for several decades when it comes to India's infrastructure. It ranges right from bridges and railways to metro systems and highways. In this IPO, one gets a chance at retail and HNI investors to participate in the growth story of this sector, which is going to take off. With the new capital, fresh money may be deployed in large projects and operational improvements, it will improve its edge in the competition.

The IPO has been structured to attract participation from the widest cross-section of investors. The retail segment accounts for 35% of the total issue size, and this will provide a huge opportunity for participation from small investors as well. Retail investors can apply for a minimum lot of 32 shares at ₹14,816 at the upper price band. The quantum of investment required by an S-HNI investor (small HNI) would be bidding for at least 448 shares while an application of 2,176 shares would be required by a B-HNI investor (large HNI). Since these amounts are within the reach of small investors, it makes this IPO accessible to small as well as large investors.

How to invest in Afcons Infrastructure IPO

The Afcons Infrastructure IPO is designed to provide as many options for the investors so that they can apply. Some ways are extremely convenient through the IPO Ji app and website. Here are the steps towards seamless application via those modes:

Steps to Apply through IPO Ji App

1. Download and Install: Make sure you install the IPO Ji app from the Google Play Store or Apple App Store.
2. Sign In or Register: An account needs to be created Or login to an existing one.
3. Navigate to the Afcons IPO: Afcons Infrastructure IPO will have a link available on the homepage or in the IPO section among the active ones.
4. Select your category of an investor: Either Retail, or S- HNI, or B- HNI. This depends upon your investment amount. You can do it on your application directly through the app if it ranges below ₹5 lakhs.
5. Bid Details: Input lot size and biding price in the IPO price band of ₹ 440-463 per share

Authorization by UPI

1. Step: Share your UPI ID on blocking the payment and authorize the request on your UPI App
2. Submit Application: Applicant details will be displayed, and the application can be submitted once verified. 
3. Track Application Status: Application status will be shown directly in the app till allotment.

The OFS part of the IPO of Afcons Infrastructure, while signaling growth, also brings liquidity to early investors. This would mean that the fresh issue funds mobilized would be used for the future growth agendas of the firm, with tremendous reach across India in critical infrastructure projects. OFS has now opened up the exit option for existing shareholders.

The IPO is closely watched in the market ahead of the subscription window for developments and updates. Both the individual and institutional categories have shown interest in it due to the goodwill that the company commands and as a result of positive market sentiment.

This can be an opportunity for interaction with one of India's leading infrastructure firms. The outcome would depend on the market after listing.

Afcons Infrastructure IPO - FAQs

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