Afcons Infrastructure Files DRHP for IPO, Eyes Record Funds
Afcons Infrastructure Limited (AIL), a flagship infrastructure engineering and construction company of the Shapoorji Pallonji group, has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The IPO, valued at ₹6,000 crore, includes a fresh issue of shares worth ₹1,250 crore and an offer for sale of up to ₹5,750 crore by Goswami Infratech Private Limited, making it the largest infra IPO in a decade. Additionally, there is a provision for a pre-IPO placement of up to ₹250 crore. Afcons operates across five key infrastructure verticals and has a strong international presence, ranking among the top international contractors globally. With a history of completing projects ahead of schedule, including notable ones like the Jammu Udhampur Highway Project and Nagpur Metro Reach 3, Afcons is actively involved in 67 projects across 13 countries as of September 30, 2023.
📅Published on:
29 March 2024
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