Afcons Infrastructure Limited, a flagship infrastructure engineering and construction company of the Shapoorji Pallonji group. The company has been in the market for over 6 decades and will soon be coming up with its IPO.
The company has completed 76 projects across 15 countries with a total historic executed contract value of ₹522.20 billion. As of September 30, 2023, it had 67 active projects across 13 countries, aggregating to an order book of ₹348.88 billion. Some of its renowned projects are Chenab Bridge, Atal Tunnel, MG Setu Bridge, which are already completed. Among others Kolkata Metro, Mumbai – Ahmedabad High Speed Railway, Mumbai-Pune missing link and Mumbai-Nagpur Samruddhi Mahamarg are its ongoing projects.
As per the management, the company covers five major infrastructure business verticals including Marine and Industrial, Surface Transport, Urban Infrastructure, Hydro and Underground, and Oil and Gas.
It is the only companies in India with infrastructure background receives MIKE and MAKE awards for its systematic knowledge management practices.
As per DRHP, the company aims to raise ₹7000 crore from the initial public offer and company may also raise around ₹4,000 crore from pre-IPO placement which will further reduce the IPO size. The company will use net proceeds from the fresh issue towards capital expenditures related to the purchase of construction equipment, long-term capital requirements, repayment/pre-payment of debt and borrowings and for other general corporate purposes.
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