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Afcons Infrastructure IPO - A Promising Venture in Infrastructure Sector

Afcons Infrastructure, part of the Shapoorji Pallonji Group, launched a Rs 5,430 crore IPO on October 25, closing on October 29. Priced at Rs 440–Rs 463 per share, it offers retail and HNI options. Analysts suggest "Subscribe – Long Term" amid strong fundamentals, though caution on PAT margins and capex dependencies. Afcons Infrastructure Limited, a Mumbai-based infrastructure company and part of the Shapoorji Pallonji Group, has announced an initial public offering (IPO) of Rs 5,430 crore, which opened for subscription on October 25 and it will end on October 29. The IPO consists of a fresh issue of 2.7 crore shares, raising Rs 1,250 crore, and an offer for sale of 9.03 crore shares, worth Rs 4,180 crore. The price range for the IPO is Rs 440 to Rs 463 per share, with individual investors needed to invest at least Rs 14,816 for a lot size of 32 shares. The minimum application requirements for high-net-worth individual (HNI) investors are 14 lots (448 shares) at Rs 207,424 fo

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