Shapoorji pallonji ipo (Afcons) MUMBAI: Shapoorji Pallonji Group's Afcons Infrastructure plans to launch an IPO aiming for a valuation of over Rs 19,000 crore, making it the country's largest infra construction IPO in at least a Shapoorji Pallonji group unit Afcons has begun discussions with banks for an initial public offering (IPO) of shares as it looks to monetise assets to help meet payment commitments made in loan Shapoorji Pallonji Group’s company’s IPO opened on October 25 and raised Rs 5,430 crore through fresh shares as well as an offer for sale. The IPO is a mix of both a fresh issue and an offer for sale, totalling Rs 1,250 crore and Rs 4,180 crore respectively, at a face value of Rs 10 each. As the bidding Shapoorji Pallonji group’s flagship infrastructure engineering and construction company, Afcons Infrastructure, has received observation letter from the regulator on September 13, to mobilise Rs Afcons Infrastructure, the flagship of the Shapoorji Pallonji group, has made pre-IPO placement of shares to the tune of ₹2,967 crore and reduced the size of its IPO, which now stands at Mumbai: Shapoorji Pallonji Group’s Afcons Infrastructure plans to launch an IPO aiming for a valuation of over Rs 19,000 crore, making it the country’s largest infra construction IPO in at Afcons Infrastructure Limited is an infrastructure engineering and construction company of the Shapoorji Pallonji group, with a legacy of over six decades. 1 billion Shapoorji Pallonji Group, which has run most of its businesses privately, is exploring various ways to The IPO will mark the second time a company from the Shapoorji Pallonji Group has tapped the primary market, following Sterling and Wilson Renewable Energy Ltd. The issue is priced at ₹440 to ₹463 per Diversified conglomerate Shapoorji Pallonji Group-backed construction and engineering player Afcons Infrastructure has shortlisted at least five investment banks as it gears up for listing to Afcons Infrastructure IPO: The mainboard initial public offering (IPO) of The Shapoorji Pallonji Group, holding an 18. The offer size has been reduced following a pre-IPO fundraising. 42 times. The funds raised will support debt repayment Shapoorji Pallonji Group has filed a Draft Red Herring Prospectus for Afcons Infrastructure Ltd. after the SP Group divested shares to alleviate debt. (IPO) market, Shapoorji Pallonji group’s flagship infrastructure firm Afcons Infrastructure Limited (AIL) has received final observation from the capital markets regulator, Securities and Five companies, including Shapoorji Pallonji group's flagship infrastructure engineering and construction company, Afcons Infrastructure Ltd (AIL), have received Sebi's go-ahead to raise funds through initial public offerings, an update with the regulator showed on Monday. Daruvala holds 33. will open for bidding at a price band of Rs 440-463 per share. Having done pre-IPO placement of Rs. The IPO, worth Rs 5,430 crore, closes on Tuesday. The company's mega IPO is a Afcons Infrastructure had filed its IPO application on March 28, 2024. The price band of the Rs 5,430-crore Afcons Infrastructure IPO has been fixed at Rs 440 to Rs 463 per share for the public issue. The company's IPO will consist of a fresh issue of ₹1,250 crore and an offer for sale of up to ₹5,750 crore by Shapoorji Pallonji-owned investment firm Goswami Infratech Private Limited, with a portion reserved for eligible employees, Afcons said in an announcement. Sterling and Wilson Renewable Energy made its stock market debut in August 2019 but was later acquired by Reliance Industries Ltd. In the March draft papers, the company had initially planned to raise Rs 7,000 crore through the initial share sale. The story goes back to 2000, when the Shapoorji Pallonji Group, one of India's largest and oldest business conglomerates, bought a controlling stake in AFCONS from the Hindujas. The IPO includes a mix of Shapoorji Pallonji group-owned Afcons Infrastructure IPO Shapoorji Pallonji group-owned Afcons Infrastructure has filed a red herring prospectus with the Registrar of Companies to raise Rs 5,430 The IPO is a mix of fresh issue of ₹1,250 crore and an offer for sale of up to ₹5,750 crore. , the issue received bids for 9,52,55,392 shares, or 1. Investment Rationale. 37% stake in Tata Sons, has Shapoorji Pallonji group’s flagship firm, Afcons Infrastructure Limited (AIL), has Afcons Infrastructure, the infrastructure flagship of Shapoorji Pallonji Group, has Afcons Infrastructure IPO - Get Afcons Infrastructure IPO Issue Date, Share Price, Subscription India's Afcons Infrastructure, a unit of the Shapoorji Pallonji conglomerate, has Shapoorji Pallonji groups construction company, Afcons Infrastructure, filed a Afcons Infrastructure IPO Review (Apply) [Dilip Davda] The company is a flagship infrastructure company of Shapoorji Pallonji group and has well diversified activities and around 30% export revenues. -- are listed on the stock exchanges. Afcons Infrastructure, part of Shapoorji Pallonji (SP) Group, plans to conduct a pre-listing sale of Rs 4,000 crore, according to sources. The Shapoorji Pallonji Group, in order to consolidate its expansive real estate holdings, has formed a new holding company, Shapoorji Pallonji Real Estate (SPRE). Shapoorji Pallonji Group pushing for IPO While Tata Sons resists the idea of going public, the Shapoorji Pallonji Group, holding an 18% stake, remains vocal about public listing/ IPO . Afcons Infrastructure Ltd, a part of the Shapoorji Pallonji Group, is set to launch a Rs 5,430-crore IPO on October 25, featuring both fresh shares and an offer for sale by promoter Goswami Infratech. 37% stake, has expressed its interest in the company going public. The flagship engineering and The Shapoorji Pallonji Group has urged Tata Sons to consider launching an IPO, according to reports. The IPO is a mix of both fresh issue and an offer for sale, totaling Rs 1,250 crore and Rs 4,180 crore respectively, at a face value of Rs 10 each. The initial public offering (IPO) of Afcons Infrastructure, a Shapoorji Pallonji company, was fully subscribed on the last day of the bidding process, following a moderate response in the first two days. The higher deal size is likely to come from an additional stake sale by the Shapoorji Pallonji group rather than higher valuations, the sources said. Afcons Infrastructure is an engineering and construction company from the Shapoorji Pallonji Group. In a bid to consolidate its real estate holdings across key cities, the Mumbai-headquartered conglomerate Shapoorji Pallonji Group has formed a new holding company — Shapoorji Pallonji Real Estate (SPRE). Ltd. Mamata Machinery IPO: Public Issue Subscribed 38x In 2 Days, GMP Jumps Ahead Of Allotment The flagship infrastructure engineering and construction company of the diversified conglomerate Shapoorji Pallonji has set the Afcons Infrastructure IPO date from 25th October 2024 to 29th According to the document filed with Sebi, the IPO will be an offer for sale by the company's chairman Khurshed Yazdi Daruvala and Shapoorji Pallonji and Company. Shapoorji Pallonji Group's flagship infrastructure engineering and construction company Afcons Infrastructure Ltd (AIL) has filed draft papers with markets regulator Sebi to raise Rs 7,000 crore through an initial public offering (IPO). They have a strong track record of executing numerous complex, Shapoorji Pallonji group’s flagship raised ₹5,430 crore via IPO at a price band of ₹440-463 per share Advertisement The initial public offering (IPO) of Afcons Infrastructure, a subsidiary of the Shapoorji Pallonji Group (SP Group), managed to get fully subscribed on the third day of the bidding on Tuesday (October 29, 2024). Afcons Infrastructure Stocks, Afcons Infrastructure IPO Listing Updates 4 Nov 2024: Afcons Infrastructure shares in focus. The three-day subscription will close on October 29 (Tuesday). NEW DELHI: The initial public offer of Shapoorji Pallonji Group's flagship infrastructure engineering and construction firm Afcons Infrastructure Ltd received 10 per cent subscription on the first day of subscription on Friday. The IPO opens on October 25 and will raise up to Rs 5,430 crore. The company operates across five key infrastructure Afcons Infrastructure, the flagship infrastructure engineering and construction company of the over 150-year-old Shapoorji Pallonji Group, is set to open its initial public offering (IPO) for subscription on October 25. 1250 cr. Afcons IPO: Shapoorji Pallonji Group's infrastructure, engineering and construction company has fixed a price band for its public share issue at ₹ 440-463 apiece. The allotment The ₹7,000-crore initial public offer (IPO) of Afcons Infrastructure, the flagship construction firm of the Shapoorji Pallonji group, has received the green light from SEBI. The company's mega IPO is a combination of fresh issue of shares worth Rs 1,250 crore and an offer for sale (OFS) of up to Afcons Infrastructure's IPO, a Shapoorji Pallonji company, was fully subscribed on the last day with the issue receiving bids 1. The Afcons Infrastructure IPO, part of the Shapoorji Pallonji Group, was launched on October 25, 2024. and an OFS of Rs. Shapoorji Pallonji Group's Afcons Infrastructure IPO received a 10% subscription on Day 1, with Retail Individual Investors (RIIs) leading the subscription. New Delhi: Shapoorji Pallonji Group's flagship infrastructure engineering and construction company Afcons Infrastructure Ltd (AIL) has filed draft papers with markets regulator Sebi to raise Rs 7,000 crore through an initial public offering (). The bidding will Working Capital: Five companies, including Shapoorji Pallonji group's flagship infrastructure engineering and construction company, Afcons Infrastructure Ltd (AIL), have received Sebi's go-ahead to raise funds through initial public offerings, an update with the regulator showed on Monday. The company is a flagship infrastructure company of Shapoorji Pallonji group and has well diversified activities and around 30% export revenues. Earlier, the plan was to raise Rs 7,000 crore in the IPO. This week, IPOs worth around Rs 11,000 crore are in focus, including Waaree Energies and Shapoorji Pallonji Group's Afcons Infrastructure. Shapoorji Pallonji Mistry is the Non-Executive Director and Chairman of the company. com NEW DELHI: Shapoorji Pallonji Group's flagship infrastructure engineering and construction company Afcons Infrastructure Ltd (AIL) has filed draft papers with markets regulator Sebi to raise crore through an initial public offering (IPO). 37 percent stake in Tata Sons, has a debt of around Rs 20,000 crore, according to media Afcons Infrastructure IPO: The initial public offering (IPO) of Shapoorji Pallonji Group's flagship company, Afcons Infrastructure, opens for public subscription today. The initial share sale received bids for 85,94,016 shares against 8,66,19,950 shares on offer, as per NSE data. The company is going to raise ₹5,430 Crores via IPO. 77 times, and the shares are likely to be allotted to investors today. The IPO saw a muted response on Afcons Infrastructure Ltd has submitted its draft red herring prospectus (DRHP) to the Securities Exchange Board of India (Sebi), looking to raise Rs 7,000 crore through its initial public offer (IPO). . The anchor book will open Afcons Infrastructure, a construction and engineering company backed by the diversified conglomerate Shapoorji Pallonji Group, has chosen at least five investment banks from its shortlist as it prepares for an IPO to raise between Rs 50 billion and Rs 80 billion. Shapoorji Pallonji and Company holds 99. About Afcons Infrastructure Limited. The offer includes a fresh issue of ₹1,250 crore and an OFS of ₹4,180 crore. Afcons operates in various infrastructure sectors, including marine, surface Afcons Infrastructure IPO GMP: The initial public offering (IPO) of Afcons Infrastructure, a Shapoorji Pallonji company, opened for subscription on Friday and will close on October 29. New Delhi, Oct 25 (PTI) The initial public offer of Shapoorji Pallonji Group's flagship infrastructure engineering and construction firm Afcons Infrastructure Ltd received 10 per cent subscription on the first day of Shapoorji Pallonji groups construction company, Afcons Infrastructure, filed a DRHP with the market regulator, SEBI, to raise funds through a public issue. 40+K cr. Also check MoneyWorks4Me's Decizen rating on Quality, Intrinsic Valuation, Price Trend and Overall Rating to assist you in taking informed stock investing decisions The Rs 5,430-crore initial public offering of Afcons Infrastructure Ltd. AFCONS Infrastructure, a prominent player in the construction and infrastructure sector under the Shapoorji Pallonji Group, is set to be one of the key IPOs Shapoorji Pallonji ग्रुप की प्रमुख इंफ्रास्ट्रक्चर कंपनी Afcons Infrastructure को 7,000 The IPO is a combination of fresh equity of shares and an offer-for-sale. The company boasts a strong track record of successfully executing numerous complex, challenging, and unique EPC projects The initial public offering of Afcons Infrastructure, flagship infrastructure, engineering, and construction company of the Shapoorji Pallonji group, enters day 2. 29. The company plans to use the proceeds for construction equipment, working capital, and debt Mumbai-based Afcons Infrastructure, incorporated in 1959, is an infrastructure engineering and construction company of the Shapoorji Pallonji group, with a legacy of over six decades. The price band for the Afcons Infrastructure IPO has been set at Rs 440-463 per share. The IPO consists of a fresh issue of Rs 1,250 crore and an offer-for-sale worth Rs 4,180 crore. , the group’s leading engineering and construction company), a diversified Indian conglomerate, and have a legacy of over six decades. ; Its listed Founded in 1865, Shapoorji Pallonji Group (SP Group) is a diversified institution and has a leading presence in engineering & construction, infrastructure, real estate, water, energy and financial Shapoorji Pallonji Group’s flagship infrastructure firm Afcons Infrastructure Limited (AIL) has filed a draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO) route. While IPO will include fresh issue The initial public offering (IPO) of Afcons Infrastructure, a player in the engineering and construction sector under the Shapoorji Pallonji Group, is set to open for subscription on October 25. The Shapoorji Pallonji (SP) group is expected to make a Rs 1,800 crore interest payment to its bondholders by the end of October following the closure of the Gopalpur port stake sale and the The Shapoorji Pallonji has also had a brief involvement with Bollywood. Shapoorji Pallonji Group's Afcons Infra files for cr IPO Press Trust of India feedback@livemint. It has 30% export revenues and as of September 30, 2024, its order book stood at Rs. 60. The firm plans to go public soon. This move will attract esteemed investors, enhancing the company’s credibility and At present, only two Shapoorji Pallonji Group entities -- Forbes & Co and Gokak Textiles Ltd. October 25 (Friday). 64% stake in Afcons Infrastructure Ltd. It marked steady growth in its top and bottom lines for the reported periods. The IPO had a combination of a fresh issue of shares worth Rs 1,250 crore and an Offer-for-Sale (OFS) of up to Rs Mumbai: Shapoorji Pallonji Group company Afcons Infrastructure is looking to raise ₹ 5,400 crore through its initial public offering (IPO) after selling shares worth about ₹ 3,000 crore in a New Delhi, Oct 19 (PTI) Shapoorji Pallonji Group's infrastructure engineering and construction company Afcons Infrastructure Ltd (AIL) is gearing up to launch its Rs 5,430-crore initial public offering (IPO) on October 25. 7150 cr. The IPO, with a face value of ₹10 per equity share, is a mix of fresh issue of shares of ₹1,250 crore and an offer for sale of up to Afcons Infrastructure, the flagship infrastructure engineering and construction company of Shapoorji Pallonji group has filed its DRHP with market regulator Sebi to raise Rs 7,000 crore via IPO. including fresh equity issue of Rs. As of now, Shapoorji Pallonji and Shares of Afcons Infrastructure are scheduled to make a decent Dalal Street debut on Monday as the Shapoorji Pallonji Group firm has finally found some ground before listing, as signaled by the Afcons Infrastructure IPO Allotment: The initial public offering (IPO) of Afcons Infrastructure Ltd, the flagship infrastructure company of Shapoorji Pallonji group, received decent response from The IPO is a pure offer for sale by company’s chairman Khurshed Yazdi Daruvala and Shapoorji Pallonji and Co. 16. Now, it plans raise up to Rs 4,000 crore in a pre-IPO round and around Rs 4,500 crore in the IPO. The company's mega IPO is a combination of fresh issue of shares worth Rs 1,250 crore and an offer for sale (OFS) of up to Rs 5,750 Afcons Infrastructure, a Shapoorji Pallonji Group company, has raised Rs 1,621 crore from anchor investors ahead of its IPO. Afcons Infra is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, one of the leading conglomerates in India operating for over 150 years in the construction industry. NIFTY 24,768. What Happened: According to a report by The Economic Times on Tuesday, the Shapoorji Pallonji Group, a major shareholder in Tata Sons who holds 18. Afcons Infrastructure, a construction and engineering company under the Shapoorji Pallonji group, closed its initial public offer (IPO) on October 29, 2024. This move is viewed as a The IPO of Afcons Infrastructure is a mix of fresh issue of shares of ₹1,250 crore and an offer for sale of up to ₹5,750 crore by Goswami Infratech. Current GMP of Afcons is Rs 60, indicating a premium of The Rs 5,340 crore IPO of Afcons Infrastructure includes a fresh share sale of Rs 1,250 crore and an offer-for-sale (OFS) of up to Rs 4,180 crore by its promoter Goswami Infratech. The initial share sale will conclude on October 29 and the bidding for anchor investors will open for a day on October 24, according to the red herring prospectus (RHP). Afcons Infrastructure's IPO is a book-built issue of Rs 5,430 crore, comprising a fresh issue of 26,997,840 shares, and an offer for sale by promoter Goswami Infratech, divesting 90,280,778 shares with Shapoorji Pallonji Group's infrastructure engineering and construction company Afcons Infrastructure Ltd (AIL) is gearing up to launch its Rs 5,430-crore initial public offering (IPO) on October 25. 35% stake, while Shapoorji Pallonji and Company owns a 16. Shapoorji Pallonji (SP) Group has Shapoorji Pallonji Group's infrastructure engineering and construction company Afcons Infrastructure Ltd (AIL) is gearing up to launch its ₹ 5,430-crore initial public offering (IPO) on October 25. 10 times the total size. Afcons Infra IPO: Shapoorji firm to raise ₹5,430 cr at price band of ₹440-463; issue to open on Oct 25 Shapoorji Pallonji group’s flagship infrastructure firm Afcons Infrastructure Limited (AIL) has set a price band of ₹440-463 for its initial public offering that will open for subscription on October 25. Incorporated in 1959, Afcons Infrastructure Limited is an infrastructure engineering and Afcons Infrastructure IPO is a main-board IPO. The ₹5,430 crore issue was subscribed 2. The IPO will consist of a fresh issue of shares worth up to 12. Afcons Infrastructure Ltd. The IPO bidding closed on October 29. The proceeds will be used for equipment, working The IPO, with a face value of Rs 10 per share, is a mix of fresh issue of shares of Rs 1,250 crore and an offer for sale of up to Rs 5,750 crore by Goswami Infr The Shapoorji Pallonji Group The Shapoorji Pallonji Group firm has recieved order inflows to the tune of ₹19,000 crore in the first half of FY25 IPO-bound Afcons Infrastructure Ltd received record orders in the first Shapoorji Pallonji group's firm Afcons Infrastructure, 4 others get Sebi's nod to float IPOs Going by the draft papers, Afcons Infrastructure Ltd's Rs 7,000-crore proposed IPO is a combination of a fresh issue of shares worth Rs 1,250 crore and an offer for sale (OFS) of up to Rs 5,750 crore by a promoter Goswami Infratech Pvt Ltd. In market parlance, receiving an observation letter from SEBI means its nod to float the initial public offerings. 77% stake. e. The IPO bid includes a Rs 5,750 crore offer for sales from the group's stake and a fresh issue of Rs 1,250 crore, making the total issue size Rs 7,000 crores. The $8. Shapoorji Pallonji Group's IPO proposal for Tata Sons rejected by board The SP group, which is the single largest shareholder in Tata Sons, has had fraught relations with the Tatas after Cyrus Mistry was removed as Tata Group chairman in October 2016 following a bitter battle with patriarch Ratan Tata. Shapoorji Pallonji group’s flagship construction firm Afcons Infrastructure, has dropped its plans to use part of its IPO proceeds to repay a loan taken from a related party - Shapoorji Pallonji Afcons Infrastructure's IPO, part of the Shapoorji Pallonji Group, received 36% subscription on Day 2, with the retail investor portion at 36%. IPO Approval: The Securities and Exchange Board of India (SEBI) has given approval for AFCONS Infrastructure and four other companies to launch their Initial Public Offerings (IPOs). Afcons Infrastructure IPO: The Shapoorji Pallonji arm mobilised ₹1,621 crore from anchor investors. Released in 1960, K. The conglomerate also plans to launch an initial public offering (IPO) of the company, according to a report in The Economic Times. 30 + 219. 2970 cr. More than four decades later, the group funded a digital remastering of the film at a budget of ₹ 5 crore, which was Afcons Infrastructure IPO - Get Afcons Infrastructure IPO Issue Date, Share Price, Subscription Rate and Allotment Status Including Bidding Dates, Lot Size, Min Investment at One Place. The initial public offering (IPO) of Shapoorji Pallonji group’s flagship firm Afcons Infrastructure was fully subscribed on the last day of share sale on Tuesday and ended with 2. (IPO) will remain open from October 25 to October 29. founded in 1959, is a Shapoorji Pallonji group Afcons Infrastructure IPO October 25 Highlights: Shapoorji Pallonji Group's flagship infrastructure engineering and construction firm announced that it raised Rs 1,621 crore from anchor investors Shapoorji Pallonji group’s infrastructure engineering and construction company, Afcons Infrastructure (AIL), has received final observation from the capital markets regulator, Securities and Exchange Board of India New Delhi: Shapoorji Pallonji Group's infrastructure engineering and construction company Afcons Infrastructure Ltd (AIL) is gearing up to launch its Rs 5,430-crore initial public offering (IPO) on October 25. 10 times against the total issue size of 8,66,19,950 shares. With a strong parentage, rich experience Hindi News बिज़नेस न्यूज़ 5 Upcoming IPO sebi approval shapoorji pallonji group ipo including 4 others check details पैसे रख लें तैयारआ रहा है शापूरजी पालोनजी ग्रुप की कंपनी का IPO, 4 अन्य आईपीओ को भी सेबी की मंजूरी Afcons Infrastructure IPO: फ्रेश इश्यू और ओएफएस दोनों माध्यम से शेयर की पेशकश करने वाली इस कंपनी के आईपीओ का जीएमपी 25 अक्टूबर की तुलना में बढ़ा है। इस आईपीओ में कंपनी Shapoorji Pallonji Group has formed Shapoorji Pallonji Real Estate (SPRE) to consolidate and monetize its $6 billion real estate assets. Mumbai: Shapoorji Pallonji (SP) Group is expected to launch a Rs 22,000-crore ($2. 63 times subscription. The company reportedly plans to Shapoorji Pallonji Group's flagship infrastructure engineering and construction company Afcons Infrastructure Ltd (AIL) has filed draft papers with markets regulator Sebi to raise Rs 7,000 crore through an initial public offering (IPO). This has become imperative for the real estate-to-construction group Afcons Infrastructure IPO Day 1 highlights: The flagship infrastructure engineering and construction firm of the Shapoorji Pallonji Group, Afcons Infrastructure Ltd, made its debut on the D-Street Incorporated in 1959, Mumbai-based Afcons Infrastructure is an infrastructure engineering and construction company of the Shapoorji Pallonji group, with a legacy of over six decades. SENSEX 82,133. at a price of Rs. Mumbai: The 150-years-old privately held conglomerate, Shapoorji Pallonji Group, is planning to make its first initial public offering with a Rs 4,500 crore issue of arm Sterling & Wilson Solar. The Rs 5,430-crore MUMBAI: The Shapoorji Pallonji group's engineering arm Afcons Infrastructure has filed the red herring prospectus with the Registrar of Companies to raise Rs 5,430 crore via an initial public Shapoorji Pallonji group’s flagship raised ₹5,430 crore via IPO at a price band of ₹440-463 per share Advertisement Shares of Afcons Infrastructure, a subsidiary of the Shapoorji Pallonji Group (SP Group), made a weak debut on the domestic stock exchanges on Monday, which was below Street expectations. 6 billion) fundraising exercise starting this week, tapping alternative asset managers and private credit players to refinance maturing debt and reduce borrowing costs, said people with knowledge of the matter. The Mistry family-run Shapoorji Pallonji (SP) Group, which owns 18. Afcons Infrastructure is the flagship infrastructure, engineering and construction company of the Shapoorji Pallonji group — a diversified Indian conglomerate — and has a legacy of over six decades. Afcons Infrastructure IPO Key Details: IPO Open Date: October 25, 2024 Shapoorji Pallonji group's firm Afcons Infrastructure and four others, which filed their preliminary IPO papers with SEBI between March and June, obtained their observations from September 5 to 13. The Shapoorji Pallonji Group's company raised Rs 1,621. 37 percent stake in Tata Sons, has suggested that the Tata Group holding company should consider an initial public offering (IPO Afcons Infrastructure Ltd (AIL), the infrastructure, engineering and construction company of the Shapoorji Pallonji group said it had received final observation from the capital markets regulator Mumbai: The billion-dollar initial public offering (IPO) of Afcons Infrastructure - the largest in over two years - is likely to be launched in the first week of October, according to sources. Afcons Infrastructure IPO will list on BSE, NSE. Going by the draft papers, construction and engineering company Afcons Infrastructure may consider raising ₹250 crore in a pre-IPO placement round. 12 + 843. The company’s IPO, opening October 25, 2024, targets INR 5,430 crore through a combination of fresh equity and an offer-for-sale (OFS). Afcons Infrastructure is a 60-year-old EPC company from the Shapoorji Pallonji group. The IPO will open for subscription on October 25, 2024. The company is reportedly planning to raise The structure of the IPO is being worked out as to whether it will be an offer for sale, a fresh issue, or a combination. Afcons Infra IPO: Shapoorji Pallonji Group firm files draft papers with SEBI to raise ₹7,000 cr. The company aims to raise Rs 5,430 crore through this public issue. Mumbai-based Afcons Infrastructure, incorporated in 1959, is an infrastructure engineering and construction company of the Shapoorji Pallonji group, with a legacy of over six decades. Shapoorji Pallonji Group's Afcons Infrastructure Files Papers For Rs 7,000-Crore IPO. The offer includes a reservation for subscriptions by eligible employees. 5 crore shares at Rs 463 apiece to 80 anchor investors. 5,430 crore (11,72,78,618 Shares) by Afcons Infrastructure Ltd. Check out this list of Shapoorji Pallonji group stocks with latest share price, 52-week High and Low, PE ratio, news and return (CAGR) over 1 and 3 years. Pvt. The engineering and construction company, which competes with Larsen & Toubro, KEC The IPO will mark the second time a company from the Shapoorji Pallonji Group has tapped the primary market, following Sterling and Wilson Renewable Energy Ltd. The retail portion saw 52% subscription while non-institutional investors subscribed 2. 33%, while Shapoorji Pallonji and Co. Afcons is supported by the Shapoorji Pallonji Group’s 150-year legacy, which aids its global expansion, particularly in Asia, Africa, and the Middle East. It marked . Afcons Infrastructure is the flagship infrastructure, engineering and construction company of the Shapoorji Pallonji group (i. IPO LOT SIZE. The Shapoorji Pallonji (SP) Group, for the first time in 150 years, will launch an initial public offering (IPO) for one of its 13 private businesses — Sterling & Wilson Solar — a global company that engineers and builds solar-powered projects. Afcons Infrastructure IPO Description – Afcons is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji group, a diversified Indian conglomerate, with a legacy spanning over six decades. Its turnover and net worth has increased from Rs 295 crore and Rs 115 crore in 1999-2000 to Rs 549 crore and Shapoorji Pallonji Group IPO: एफकॉन्स इंफ्रास्ट्रक्चर लिमिटेड (एआईएल) ने आईपीओ Afcons Infrastructure IPO: Shapoorji Pallonji Group Firm Fixes Price Band; Check Latest GMP & Dates Here. It intends to raise as much as ₹7,000 crore through this initial public offering (IPO). As per the market sources, it is the largest infra IPO in a decade. The construction and engineering firm which is a part of the Shapoorji Pallonji Group filed its papers for the IPO on Friday, reported Moneycontrol. Afcons IPO will mark the second time when a company from the Group has tapped the primary market, Afcons Infrastructure IPO: The subscription of the initial public offering (IPO) of Shapoorji Pallonji Group firm Afcons Infrastructure Limited IPO will open on October 25 (Friday). If such placement is completed, the fresh issue size will be reduced. 's initial public offering of shares worth Rs 5,430 crore is scheduled to open for subscription on Friday. Afcons Infrastructure is part of the Shapoorji Pallonji Group that specialises in engineering and construction. The company, in consultation with the book-running lead managers, may consider Afcons Infrastructure IPO: On the first day of the issue, the IPO of the Shapoorji Pallonji arm was not fully subscribed, and the GMP dropped to ₹15 per share. 463 Markets. The IPO of Enviro Infra Engineers, which is Shapoorji Pallonji Group's Afcons Infra files papers for Rs 7,000-cr IPO. The issue opens for subscription on Oct. 5 crore from anchor investors by allotting 3. IPO to raise funds amidst a financial crunch. The price band has been fixed at Rs 440-463 per शापूरजी-ग्रुप की कंपनी को ipo के लिए sebi की मंजूरी: ₹7,000 करोड़ Shapoorji Pallonji Group: आ रहा दमदार कंपनी का 7000 करोड़ रुपये का आईपीओ, शपूरजी पलोनजी ग्रुप को मिली मंजूरी Bajaj Housing Finance IPO: लिस्टिंग पर पैसा कर दिया Afcons Infrastructure IPO: शपूरजी पलोनजी ग्रुप (Shapoorji Pallonji Group) की इंफ्रास्ट्रक्चर The IPO of the Shapoorji Pallonji group company will include both fresh shares, worth up to Rs 1,250 crore and an offer for sale (OFS) of up to Rs 4,180 crore by the promoter. With the Shapoorji Pallonji group coming into the picture, Afcons' revenue has surged. A total of four mainboard IPOs are expected to raise Rs Afcons Infrastructure IPO GMP Today: The subscription of the initial public offering of Shapoorji Pallonji Group firm Afcons Infrastructure Limited IPO will open tomorrow i. 50 billion rupees and a sale of shares by Shapoorji Pallonji unit Goswami Infratech of up to 57. 8400 cr. holds 65. As of September 30 2023, the company has completed 76 projects Afcons IPO: Shapoorji Pallonji subsidiary in talks with banks for offering. The portion for Retail The ₹ 5,430 crore initial public offering (IPO) of Shapoorji Pallonji Group’s construction and engineering firm, Afcons Infrastructure, will debut on stock exchanges on 4 November. 5 billion rupees. m. 5 crore, which made it the most expensive Bollywood film till then and a record it held for many years. The company planned an IPO of Rs. Afcons Infrastructure (Afcons), a reputed construction company of the renowned Shapoorji Pallonji group, has launched an IPO (Initial Public Offering). At the upper end of the price band, the company's market Afcons Infrastructure IPO: The initial public offering (IPO) of Shapoorji Pallonji group firm Afcons Infrastructure Ltd, which was opened for public subscription on Friday, has so far received a muted response from investors. Currently, Shapoorji Pallonji and Company (SPCPL), the holding company of SP Group, which holds an 18. Around 12:50 p. The three-day Ahead of IPO, Shapoorji Pallonji Group's Afcons Infra collects Rs 1,621 cr from anchor investors Founded in 1865, Shapoorji Pallonji Group (SP Group) is a diversified institution and has a leading presence in engineering & construction, infrastructure, real estate, water, energy and financial services sectors across the globe. Afcons Infrastructure IPO Day 3 Live Updates: The initial public offering (IPO) for Afcons Infrastructure, the leading infrastructure engineering and construction company of the Shapoorji Pallonji Group, faced challenges during Afcons Infrastructure Ltd files for ₹7,000 crore IPO with fresh issue and offer for sale, led by Shapoorji Pallonji Group. 25 and will close on Oct. 48 per cent stake in it. New Delhi, Nov 4 (PTI) Shares of Shapoorji Pallonji Group's flagship infrastructure engineering and construction firm Afcons Infrastructure Ltd on Monday listed with a discount of 8 per cent against the issue price of Rs 463. Asif's Mughal-e-Azam was funded by the group with a budget of ₹ 1. The offering includes a fresh issue of shares valued at Rs 1,250 crore and an OFS of up to Rs 4,180 crore by promoter. In an effort to meet payment commitments and alleviate financial obligations, Afcons, the renowned Shapoorji Pallonji group’s subsidiary, has commenced discussions with banks regarding its potential initial public offering (IPO), known as the Afcons IPO. New Delhi, Oct 25 (PTI) The initial public offer of Shapoorji Pallonji Group's flagship infrastructure engineering and construction firm Afcons Infrastructure Ltd received 10 per cent subscription on the first day of subscription on Friday. The initial public offering (IPO) of Afcons Infrastructure Ltd, the flagship infrastructure company of the Shapoorji Pallonji Group, has garnered a positive response from investors. With a bachelor's degree in business administration and economics from Richmond College, London, he has been the Non-Executive Chairman of Shapoorji Pallonji Afcons Infrastructure, Incorporated in 1959, is an infrastructure engineering and construction company of the Shapoorji Pallonji group, with a legacy of over six decades. Strong Reputation. In the grey market, shares of Afcons Infrastructure Limited are commanding a strong premium or GMP, indicating Afcons Infrastructure IPO also k/a (Shapoorji Pallonji IPO) a Mainboard IPO is a book-built issue of Rs. Shares of Shapoorji Pallonji Group’s Afcons Infrastructure were listed Afcons Infrastructure Ltd, part of Shapoorji Pallonji Group, plans to launch its ₹5,430-crore IPO on October 25, with bidding for anchor investors starting October 24. The Rs 5,430-crore IPO, which comprises fresh shares up to Rs 1,250 crore as well as an offer for sale (OFS) by the promoter up to Rs 4,180 To understand AFCONS Infrastructure’s journey to IPO, we must first look at how it came under the Shapoorji Pallonji umbrella. The company's proposed IPO was completely a fresh issuance of equity IPO Update- Shapoorji Pallonji Group company Afcons Infra planning to raise ₹7,000 crore through IPO, has submitted its DRHP with the market regulator, SEBI. The IPO may hit the capital market by the third quarter of FY20. As of December 2023, Goswami Infratech Pvt Ltd holds a 72. qhi vbkhh cwzp exvql rkhjr ckpw bulvei pylar qhdzo mvs