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AFCONS INFRASTRUCTURE LIMITED

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Issue Price

₹ 440-₹ 463

per equity share

Issue Size

8.66 crores

equity share

Face Value

₹ 10

per equity share

Market Lot

32

equity share

Please note

Listing at BSE ,NSE

AFCONS INFRASTRUCTURE LIMITED

Important Dates

IPO Open Date

25 Oct 2024

IPO Close Date

29 Oct 2024

Allotment Date

30 Oct 2024

Initiation of Refunds

31 Oct 2024

Credit of Shares to Demat Account

31 Oct 2024

IPO Listing Date

04 Nov 2024

UPI Mandate Expiry Date

29 Oct 2024

IPO Details

Afcons Infrastructure IPO issue size is 8.66 crore equity share. This IPO is a combination of a fresh issue and an offer for sale. The price band is decided at Rs 443 to Rs 460 per share. Afcons Infrastructure IPO 1 lot consists of 32 shares. The minimum investment for the retail category is to be around Rs 14,816. allotment status will be released on Wednesday, October 30, 2024. The listing will be on the BSE, NSE platform on Monday, November 4, 2024. Afcons Infrastructure IPO registrar is Link Intime India Private Limited. On the date of allotment, Investors can click on Link Intime India and, select the name of the company and enter PAN number or application ID to know their allotment status.

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About AFCONS INFRASTRUCTURE LIMITED

Afcons Infrastructure Limited was incorporated in 1959, is an infrastructure engineering and construction company of the Shapoorji Pallonji group. The company has five major infrastructure business verticals.  1) Marine and industrial projects include covering ports, harbor jetties, dry docks, wet basins, breakwaters, outfall and intake structures, liquefied natural gas tanks, and material handling systems. 2) Surface transport projects cover highways, roads, interchanges, mining-related infrastructure, and railways. 3) Urban infrastructure projects include elevated and underground metro works, bridges, flyovers, and elevated corridors. 4) Hydro and underground projects cover dams, barrages, tunnels (including large road tunnels), and underground works, water, and irrigation. 5) Oil and gas projects cover both offshore and onshore oil and gas projects.

Parent Organisation

-

Founded

1959

Managing Director

Goswami Infratech Private Limited, Shapoorji Pallonji & Company Private Limited and Floreat Investme

IPO Objectives

Afcons Infrastructure IPO objective is to do capital expenditure toward the purchase of construction equipment. Funding the day-to-day capital needs of the company. The remaining money will be used for repayment of past borrowings and fulfilling the general corporate purposes.

How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked
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