Afcons Infrastructure IPO: Shapoorji Pallonji arm to float ₹5,430 crore IPO on October 25; 10 things to know from RHP | Stock Market News

Afcons Infrastructure IPO: The mainboard initial public offering (IPO) of Shapoorji Pallonji group’s flagship infrastructure engineering and Construction Company, Afcons Infrastructure Limited (AIL), will hit India’s primary market and open for subscription on Friday, October 15, 2024. The IPO of India’s leading infrastructure and real estate conglomerate arm aims to raise ₹5,430 crore via its upcoming public issue. The Mumbai-based multinational company filed its red herring prospectus (RHP) for the IPO on Saturday, October 19.

Established in 1959, Afcons Infrastructure Ld has a legacy of over six decades and operates in infrastructure sectors, including marine, surface transport, urban infrastructure, hydro, underground projects, and oil and gas initiatives.

“We have a strong track record of executing numerous complex, challenging and unique engineering, procurement and construction (EPC) projects both within India and internationally,” said Afcons Infrastructure Ltd in its RHP today. As of June 30, 2024, Afcons Infrastructure had 65 active projects across 12 countries in Asia, Africa and Middle East, aggregating to an order book of ₹34,888 crore.