31 Mar 2022
Assets12,973.77
Total Income11,269.55
Profit After Tax357.61
NET Worth2,691.03
Reserves and Surplus2,190.11
Total Borrowing1,555.20
At a glance
Updated 2026-09-13Afcons Infrastructure is a Mainboard IPO with an issue size of ₹5,430.00 crore, proposed for listing on BSE, NSE. The offer opens on 25th Oct 2024 and closes on 29th Oct 2024. The issue structure includes a fresh issue of ₹1,251.73 crore and an offer-for-sale component of ₹4,178.27 crore. The current listing schedule points to 4th Nov 2024.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹5,430.00 Cr
Fresh issue₹1,251.73 Cr
Offer for sale₹4,178.27 Cr
Face value₹10
Price band₹440.00–₹463.00
Allotment30th Oct 2024
Listing4th Nov 2024
Grey market
GMP page ↗Latest GMP₹15.00
GMP / upper price3.24%
Est. listing₹478.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens25th Oct 2024
Closes29th Oct 2024
Allotment30th Oct 2024
Refund31st Oct 2024
Demat31st Oct 2024
Listing4th Nov 2024
Subscription demand
Full bidding ↗Total2.91×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 32 | ₹14,816 |
Company
Incorporated1959
Use of proceeds
| Object | Amount |
|---|---|
| Capital expenditure towards purchase of construction equipments | ₹80.00 Cr |
| Funding long term working capital requirements | ₹320.00 Cr |
| Prepayment or scheduled repayment of a portion of certain outstanding borrowings and acceptances availed by the Company | ₹600.00 Cr |
| General corporate purposes | ₹206.12 Cr |
| Issue Expenses | ₹190.32 Cr |
| Total | ₹1,396.44 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue3,213.47₹ Cr · -76.5% vs prior year
PAT91.59₹ Cr · -79.6% vs prior year
Assets17,184.58₹ Cr · +5.9% vs prior year
Net Worth3,662.25₹ Cr · +2.4% vs prior year
Borrowing3,365.10₹ Cr · +37.1% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2023
Assets14,301.25
Total Income12,844.09
Profit After Tax410.86
NET Worth3,155.06
Reserves and Surplus2,653.75
Total Borrowing1,562.82
31 Mar 2024
Assets16,233.64
Total Income13,646.88
Profit After Tax449.76
NET Worth3,575.05
Reserves and Surplus3,255.22
Total Borrowing2,455.00
30 Jun 2024
Assets17,184.58
Total Income3,213.47
Profit After Tax91.59
NET Worth3,662.25
Reserves and Surplus3,342.52
Total Borrowing3,365.10
KPIs
| KPI | Jun 30, 2024 |
|---|---|
| ROE | 10.55% |
| ROCE | 14.89% |
| Debt / Equity | 0.91% |
| RoNW | 2.50% |
| PAT Margin | 2.85% |
| Price to Book Value | 4.31 |
Valuation & shareholding
Pre-IPO EPS13.20
Post-IPO EPS9.96
Pre-IPO P/E35.08
Post-IPO P/E46.48
Promoter holding pre80.64%
Promoter holding post50.17%
Market cap₹17026.18 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Afcons Infrastructure IPO | — | 46.48 x | — | — |
| Annu Projects IPO | — | 19.64 x | — | — |
| Citius Transnet IPO | — | - | — | — |
| Anantam Highways IPO | — | - | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Capital expenditure towards purchase of construction equipments | ₹80.00 Cr |
| Funding long term working capital requirements | ₹320.00 Cr |
| Prepayment or scheduled repayment of a portion of certain outstanding borrowings and acceptances availed by the Company | ₹600.00 Cr |
| General corporate purposes | ₹206.12 Cr |
| Issue Expenses | ₹190.32 Cr |
| Total | ₹1,396.44 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- ICICI Securities Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-13.
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