Afcons Infrastructure ₹7,000 Cr IPO

Afcons Infrastructure is gearing up for significant growth, strengthening its position in the infrastructure sector.

SEBI Nod for IPO Launch

Afcons receives SEBI approval to launch its ₹7,000 crore IPO, to fund its ambitious expansion plans.

IPO Structure Highlights

The IPO consists of a ₹1,250 crore fresh issue and ₹5,750 crore offer for sale by Goswami Infratech.

Funds Allocation Plan

Proceeds will be utilized to purchase construction equipment, meet working capital needs, and repay debt.

Strong Financial Growth

Afcons reported ₹12,637.38 crore revenue in FY23, a 14.69% increase, with profit growth of 14.89%.

Order Book Expansion

The company’s order book soared to ₹34,888.39 crore by September 2023, highlighting its diverse project portfolio.