Shapoorji Pallonji group firm Afcons Infrastructure Ltd opens for public subscription on 25th October 2024. Read all about it here.
The price band for this IPO is set between ₹440 and ₹463 per share. Investors can bid for 32 shares in one lot and in multiples thereof.
The IPO is open from 25th to 29th October and the share allotment will take place on 30th October. Shares will list on 4th November 2024.
Post-IPO, the promoter shareholding will drop from 96.63% to 66.8%, increasing public shareholding to 33.2%.
Afcons is an infrastructure giant having completed 79 projects across 17 countries, with a strong order book of ₹348.88 billion in sectors like marine, transport, and oil & gas.
Heavy reliance on government projects (69.80% of orders) could impact cash flows and overall business performance in case of delays.