Mon Sep 30 21:27:58 UTC 2024: ## Afcons Infrastructure to Raise ₹7,000 Crore in IPO

**Mumbai, India** – Afcons Infrastructure, a leading infrastructure engineering and construction company, is set to launch its initial public offering (IPO) on **October – November 2024**, with a total IPO size of ₹7,000 crore. The IPO will comprise a fresh issue of ₹1,250 crore and an offer for sale of up to 5,750 equity shares with a face value of ₹10 each.

The company, a subsidiary of the Shapoorji Pallonji Group, has been involved in over 350 infrastructure projects since its inception in 1959, including metro networks, bridges, viaducts, flyovers, roads, ports, and more. They are currently undertaking major projects in Kuwait, Oman, Bahrain, and Liberia.

Afcons Infrastructure has a strong track record, having completed 76 projects across 15 countries with a total executed contract value of Rs 522.20 billion as of September 30, 2023. The company currently has 67 active projects across 13 countries, totaling an order book of Rs 348.88 billion.

**The IPO is expected to be a significant event for the Indian capital markets and is likely to draw strong interest from investors.**

**How to Apply:**

Investors can apply for the Afcons Infrastructure IPO online through their demat accounts using either UPI or ASBA as payment methods. The IPO is expected to be listed on the BSE and NSE.

**Key Dates:**

* **IPO Open:** October – November 2024
* **IPO Close:** October – November 2024
* **Allotment Finalization:** October – November 2024
* **Listing Date (tentative):** October – November 2024

**Important Note:** Exact IPO price range, lot size, and specific timeline are not yet disclosed and will be announced closer to the IPO launch date.

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