Afcons Infrastructure is a multinational construction and engineering company. It has 67 active projects in Asia, Africa, and the Middle East, in the marine, transport, urban, hydro, and oil & gas sectors.
The IPO will open for subscription on October 25, 2024, and close on October 29, 2024
The total issue size is ₹5,430 crore, comprising a fresh issue of ₹1,250 crore and an offer for sale of ₹4,180 crore.
The price band is set at ₹440 to ₹463 per share, with a minimum investment of ₹14,816 for a lot of 32 shares.
The company plans to use the net proceeds for capital expenditure, partial repayment of outstanding borrowings, and general corporate purposes.
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