{
Afcons Infrastructure Ltd.

Companies

}
india's energy strategy focuses on natural gas amid growing demand
India aims to quadruple its natural gas usage by 2030 to meet rising energy demands driven by population growth and economic expansion. With over 80% of its energy currently sourced from coal, oil, and biomass, the government is promoting compressed natural gas (CNG) vehicles and expanding piped natural gas connections for cooking. Despite global volatility in gas markets, India is prepared to increase LNG imports to enhance energy security and support domestic fertilizer production.
CNBC
United States Dollar Afcons Infrastructure Ltd. RUS IND IRQ USA CAN SAU Amit Shah Ajay Seth David Morrison Michael Landsberg Aravind Maiya Show more
Finance & Economy, Market Report
17:37 31.10.2024
Afcons Infra IPO faces negative GMP amid mixed subscription results
Afcons Infrastructure's IPO has seen a mixed response, with a total subscription of 2.63 times, but the retail portion only reaching 94%. Analysts predict a negative listing due to the current negative GMP, suggesting it may be a buying opportunity for long-term investors. The company plans to allocate Rs 80 crore from the fresh issue proceeds for purchasing construction equipment.
Moneycontrol
Afcons Infrastructure Ltd. Shapoorji Pallonji Group IND
Finance & Economy, Market Report
13:29 31.10.2024
Afcons Infrastructure IPO allotment status and latest updates on GMP
Afcons Infrastructure Ltd is set to finalize its IPO allotment today, October 30, allowing investors to check if they have received share allotments. Investors can find the allotment links and the latest GMP for the Afcons Infrastructure IPO to stay updated on their applications.
Moneycontrol
Indian Rupee Afcons Infrastructure Ltd. IND
Finance & Economy, Market Report
03:23 30.10.2024
Afcons Infra IPO sees 20 percent subscription on second day of bidding
Afcons Infrastructure's Rs 5,430-crore IPO saw a slow start, with overall subscription at 20% on the second day of bidding. Retail investors led the way, booking 28% of their reserved portion, while non-institutional investors subscribed 26%. The employee quota was notably higher at 79%, and Qualified Institutional Buyers purchased just 1% of their share.
Moneycontrol
Afcons Infrastructure Ltd. IND
Finance & Economy, Market Report
08:26 28.10.2024
Afcons Infra IPO starts slowly with 5 percent subscription on Day 1
Afcons Infrastructure's Rs 5,430-crore IPO had a sluggish debut on October 25, with only 5% subscription by midday. The offer received bids for 39.3 lakh shares out of 8.66 crore available, with retail investors subscribing 7%, non-institutional investors at 4%, and employees at 20%. Qualified Institutional Buyers had yet to participate.
Moneycontrol
Afcons Infrastructure Ltd. Shapoorji Pallonji Energy Ltd. IND
Finance & Economy, Market Report
09:49 25.10.2024
afcons infrastructure ipo subscription recommended for medium to long term investment
Afcons Infrastructure Ltd., part of the Shapoorji Pallonji Group, has a diverse portfolio in infrastructure and construction, with 30% of its revenue from international projects. With a robust order book of ₹31,747cr and a healthy financial performance, the company is well-positioned for growth in the rapidly expanding Indian construction market. AIL is rated as a "Subscribe" for medium- to long-term investment due to its strong execution capabilities and geographical diversification.
Moneycontrol
Indian Rupee Afcons Infrastructure Ltd. Shapoorji Pallonji Group IND Shapoorji Pallonji
Finance & Economy, Market Report
08:22 25.10.2024
Afcons Infra IPO shows minor gains amid volatile market conditions
Afcons Infrastructure Ltd's IPO opened for public subscription on October 25, raising Rs 1,621 crore from anchor investors. The Rs 5,430-crore share sale, priced between Rs 440-463, will close on October 29. Currently, the grey market premium suggests minor listing gains of about 13%, a slight decrease from earlier estimates of over 15%.
Moneycontrol
Indian Rupee Afcons Infrastructure Ltd. IND
Finance & Economy, Market Report
07:20 25.10.2024
Afcons Infrastructure launches IPO backed by strong project execution and order book
Afcons Infrastructure, part of the Shapoorji Pallonji Group, has launched an Initial Public Offering (IPO) featuring both an offer for sale and a primary fundraise. The company boasts a strong track record in executing large, complex projects and has a robust, well-diversified order book, although it faces challenges due to significant promoter debt. While valuations are not inexpensive, the medium-term outlook appears promising, supported by improved quarterly performance and favorable market conditions.
Moneycontrol
Afcons Infrastructure Ltd. Shapoorji Pallonji Energy Ltd. IND
Finance & Economy, Market Report
07:02 25.10.2024
afcons infrastructure ipo opens with 5430 crore public offer today
Afcons Infrastructure's initial public offering (IPO) opens for subscription today, October 25, and will close on October 29. The Rs 5,430-crore IPO has a price band set between Rs 440 and Rs 463 per share, with allotment expected on October 30 and listing anticipated on November 4.
Moneycontrol
Afcons Infrastructure Ltd. IND
Finance & Economy, Market Report
05:30 25.10.2024
Afcons Infrastructure IPO recommended for subscription amid strong growth potential
Afcons Infrastructure Limited, part of the Shapoorji Pallonji Group, has a legacy of over six decades in infrastructure engineering, completing 76 projects across 15 countries with a contract value of INR 522.20 Bn. With an active order book of INR 317 Bn, the company specializes in various sectors including marine, urban infrastructure, and oil and gas. Given its strong growth potential and financial performance, a 'SUBSCRIBE' rating is recommended for its IPO.
Moneycontrol
Indian Rupee Afcons Infrastructure Ltd. IND
Finance & Economy, Market Report
05:22 24.10.2024
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