Shapoorji pallonji ipo 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 will open for subscription on October 25, 2024. As per the market sources, it is the largest infra IPO in a decade. The shares got listed on BSE, NSE on November 4, 2024. The allotment for Afcons Infrastructure IPO was finalized on Wednesday, October 30, 2024. (AIL), the flagship construction arm of the Shapoorji Pallonji group, is stepping up as a major player in India’s infrastructure landscape. The Rs 5,430-crore IPO, open until October 29, combines a fresh issue and an offer for sale, with proceeds aimed at buying equipment, working capital, and debt repayment. 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 Oct 19, 2024 · Afcons Infrastructure IPO: The mainboard initial public offering (IPO) of Shapoorji Pallonji group’s flagship infrastructure engineering and Construction Company, Afcons Infrastructure Limited Sep 16, 2024 · Shapoorji Pallonji group’s flagship firm, Afcons Infrastructure Limited (AIL), has received approval from market regulator Securities and Exchange Board of India (SEBI) to raise Rs 7,000 crore through an initial public offering (IPO). Oct 25, 2024 · The Afcons Infrastructure IPO, part of the Shapoorji Pallonji Group, was launched on 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. Jun 6, 2019 · 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. Nov 4, 2024 · Afcons Infra IPO listing: Afcons Infrastructure Limited, part of Shapoorji Pallonji Group, has emerged as the lowest bidder for the construction package of BH-05 of Bhopal Metro Phase 1 project's. 40 on the BSE today; the stock is up 22% against its IPO price. Afcons Infrastructure IPO Oct 25, 2024 · Afcons Infrastructure IPO: The initial public offering (IPO) of Shapoorji Pallonji Group's flagship company, Afcons Infrastructure, opens for public subscription today. The IPO includes a mix of Nov 4, 2024 · The Shapoorji Pallonji group share jumped 8% to hit a new high of ₹564. Shares of Shapoorji Pallonji Group’s Afcons Infrastructure were listed Sep 16, 2024 · 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. Investment Lot Size Price Range; 25 Oct ‘24 - 29 Oct ‘24 ₹14,080: 32 ₹440 - ₹463 Sep 16, 2024 · 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 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). In market parlance, receiving an observation letter from SEBI means its nod to float the initial public offerings. Earlier, the plan was to raise Rs 7,000 crore in the IPO. Sep 18, 2024 · 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. Afcons Infrastructure IPO Key Details: IPO Open Date: October 25, 2024 Sep 17, 2024 · Afcons Infrastructure IPO: Shapoorji Pallonji Group Company Gets SEBI Nod For Rs 7,000 Crore Public Issue. In the March draft papers, the company had initially planned to raise Rs 7,000 crore through the initial share sale. Oct 28, 2024 · Afcons Infrastructure IPO open date is October 25, 2024 and the IPO will close on October 29, 2024. While IPO will include fresh issue 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). Afcons Infrastructure IPO price band is set at ₹440 to ₹463 per share. . Mar 29, 2024 · As of December 2023, Goswami Infratech Pvt Ltd has 72. The allotment Oct 24, 2024 · Incorporated originally in 1959, Afcons Infrastructure Ltd. Five companies, including Afcons Infrastructure, Godavari Biorefineries, Shivalik Engineering Industries, Quadrant Future Tek, and Enviro Infra Engineers, have received SEBI approval to raise funds through IPOs. Oct 21, 2024 · It also benefits from the strong parentage of the Shapoorji Pallonji Group. Oct 25, 2024 · Shapoorji Pallonji Group's Afcons Infra IPO receives 10 pc subscription on Day 1 of offer PTI Updated: October 25, 2024 19:13 IST 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 other companies approved include firms from various sectors, reflecting a diverse range of industries seeking to access public capital markets. Oct 19, 2024 · Afcons Infrastructure Ltd. 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. The company aims to raise Rs 5,430 crore through this public issue. 74 crore. Mar 29, 2024 · 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. The IPO saw a muted response on Nov 3, 2024 · 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. 29. Oct 25, 2024 · 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 Oct 19, 2024 · 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. 5 crore from anchor investors by allotting 3. The Shapoorji Pallonji Group has a legacy of over 150 years, and its strong reputation, global presence and extensive industry experience assists AIL in the growth of business and operations. The IPO bidding closed on October 29. Oct 7, 2024 · Now, it plans raise up to Rs 4,000 crore in a pre-IPO round and around Rs 4,500 crore in the IPO. ICICI Securities and others are managing the issue. Sep 17, 2024 · The Mistry family-run Shapoorji Pallonji (SP) Group, which owns 18. Updated: Tuesday, September 17, 2024, 8:58 [IST] Oct 28, 2024 · Afcons Infrastructure Ltd's IPO saw a 10% subscription on the first day, with significant interest from retail and non-institutional investors. after the SP Group divested shares to alleviate debt. The three-day subscription will close on October 29 (Tuesday). 77 times, and the shares are likely to be allotted to investors today. 5 crore shares at Rs 463 apiece to 80 anchor investors. Sep 19, 2024 · This is the second IPO from the Shapoorji Pallonji Group; the first was Sterling and Wilson Renewable Energy Ltd. By Chitranjan Kumar Bitcoin hits new high at $106,554 as Trump backs BTC reserve plan Mar 29, 2024 · The offer includes a reservation for subscriptions by eligible employees. Oct 25, 2024 · 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. Oct 21, 2024 · The initial public offer (IPO) of Afcons Infrastructure will open for subscription on October 25 and bidding for the issue can be done till October 29. Oct 24, 2024 · 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. Oct 19, 2024 · Afcons Infrastructure IPO is a combination of fresh issuance of equity shares worth Rs 1,250 crore, and an offer-for-sale of shares worth Rs 4,180 crore promoter Goswami Infratech. Jun 21, 2023 · 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 Oct 2, 2024 · The IPO is a combination of fresh equity of shares and an offer-for-sale. Jun 28, 2023 · 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 Sep 16, 2024 · Afcons Infrastructure, the infrastructure flagship of Shapoorji Pallonji Group, has received Sebi approval for its IPO. 37 percent stake in Tata Sons, has suggested that the Tata Group holding company should consider an initial public offering (IPO Nov 4, 2024 · Afcons Infrastructure Stocks, Afcons Infrastructure IPO Listing Updates 4 Nov 2024: Afcons Infrastructure shares in focus. Afcons Infrastructure IPO is a Book Built Issue. 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). Through the IPO, the Shapoorji Pallonji Group's infrastructure engineering and construction company plans to raise around Rs 5430 crore. Sep 16, 2024 · 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. At the Tata Sons AGM, the SP Group praised the performance under chairman N Chandrasekaran. 25 to Oct. The company operates in various sectors, including marine, transport, urban, hydro and oil and gas projects. 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 conglomerate also plans to launch an initial public offering (IPO) of the company, according to a report in The Economic Times. The project will cost about Rs 1006. The three-day Oct 19, 2024 · 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. The offer size has been reduced following a pre-IPO fundraising. Oct 29, 2024 · Afcons Infrastructure IPO bidding started from October 25, 2024 and ended on October 29, 2024. e. Oct 25, 2024 · Shapoorji Pallonji Group's Afcons Infrastructure IPO received a 10% subscription on Day 1, with Retail Individual Investors (RIIs) leading the subscription. Sep 16, 2024 · 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. Proceeds worth Rs 150 crore from the issue will be used Sep 17, 2024 · The Shapoorji Pallonji Group, holding an 18. 's Rs 5,430-crore initial public offering will open for bidding from Oct. (Afcons) Mar 29, 2024 · 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 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. Shapoorji Pallonji Group's Firm Afcons Infrastructure, 4 others Get Sebi's Nod to Float IPOs. Sep 16, 2024 · हिंदी न्यूज़ बिजनेस Shapoorji Pallonji Group: आ रहा दमदार कंपनी का 7000 करोड़ रुपये का आईपीओ, शपूरजी पलोनजी ग्रुप को मिली मंजूरी Mar 29, 2024 · 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. Oct 21, 2024 · Afcons Infrastructure IPO: Shapoorji Pallonji group firm Afcons Infrastructure Ltd will launch its initial public offering on October 25. 64 percent stake in the firm. 35 percent stake while Shapoorji Pallonji and Company 16. Oct 28, 2024 · The initial public offering of Afcons Infrastructure, flagship infrastructure, engineering, and construction company of the Shapoorji Pallonji group, enters day 2. 64% stake in Afcons Infrastructure Ltd. , the group’s leading engineering and construction company), a diversified Indian conglomerate, and has a legacy of over six decades. Apr 1, 2024 · As of December 2023, Goswami Infratech Pvt Ltd holds a 72. The company to raise around ₹5,430 crores via IPO that comprises fresh issue of ₹1,250 crores and offer for sale up to ₹4,180 crores with face value of ₹10 each. October 25 (Friday). This marks a potential thaw in relations following years of legal battles after Cyrus Mistry's ousting. The Shapoorji Pallonji Group's engineering arm may increase the issue size to ₹8,400 crore. , which got listed in August 2019, which was later acquired by Reliance Industries Nov 4, 2024 · The Shapoorji Pallonji Group's company raised Rs 1,621. Sep 23, 2024 · Afcons Infrastructure's billion-dollar IPO, the largest in over two years, is set to launch in early October. 37% stake in Tata Sons, has suggested exploring an IPO to unlock value for stakeholders. Aug 20, 2024 · 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). With over six decades of expertise, Afcons boasts a portfolio rich in complex and innovative engineering projects, both domestically and abroad. The proceeds will be used for equipment, working capital, and debt repayment. Proceeds will fund capital expenditure, working capital needs, and debt repayment. Oct 19, 2024 · 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 Nov 4, 2024 · 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. Shapoorji Pallonji Group's Afcons Infra files for cr IPO Press Trust of India feedback@livemint. Shapoorji Pallonji (SP) Group has Sep 17, 2024 · News. The Rs 5,430-crore IPO, which comprises fresh shares as well as offer for sale (OFS) by the promoter, will be closed on October 29. शापूरजी-ग्रुप की कंपनी को ipo के लिए sebi की मंजूरी: ₹7,000 करोड़ Oct 21, 2024 · 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 ₹5,430 crore issue was subscribed 2. Oct 1, 2024 · To understand AFCONS Infrastructure’s journey to IPO, we must first look at how it came under the Shapoorji Pallonji umbrella. Oct 30, 2024 · Afcons Infrastructure, a construction and engineering company under the Shapoorji Pallonji group, closed its initial public offer (IPO) on October 29, 2024. Oct 24, 2024 · Afcons Infrastructure IPO GMP Today: The subscription of the initial public offering (IPO) of Shapoorji Pallonji Group firm Afcons Infrastructure Limited IPO will open tomorrow i. Sterling and Wilson Renewable Energy made its stock market debut in August 2019 but was later acquired by Reliance Industries Ltd. Oct 19, 2024 · 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. is the flagship infrastructure, engineering, and construction company of the Shapoorji Pallonji group (i. 4 per cent stake in Tata Sons on mutually agreeable terms, an Economic Times (ET) report said citing people in the know. Oct 15, 2024 · Tata Sons after Ratan Tata: With Noel Tata being appointed as the chairman of the century-old Tata Trusts, this could create an opportunity for the Shapoorji Pallonji Group to consider partially monetising its 18. Mar 29, 2024 · 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. Oct 27, 2024 · Afcons Infrastructure Ltd. Bidding Dates Min. Oct 16, 2024 · 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 Oct 24, 2024 · Afcons Infrastructure IPO: The Shapoorji Pallonji arm mobilised ₹1,621 crore from anchor investors. 35% stake, while Shapoorji Pallonji and Company owns a 16. The construction and engineering firm which is a part of the Shapoorji Pallonji Group filed its papers for the IPO on Friday, reported Moneycontrol. Oct 24, 2024 · Afcons Infrastructure IPO: शपूरजी पलोनजी ग्रुप (Shapoorji Pallonji Group) की इंफ्रास्ट्रक्चर Oct 22, 2024 · 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. The company, in consultation with the book-running lead managers, may consider undertaking a further issue of equity shares through a preferential issue or any other method for a cash consideration aggregating up to Rs 250 crore as a "pre-IPO placement". By Shravani Sinha. ivxrux ygof qdkngsv xzcuyf usqi onwlgul ehmky kje qrkf ymgn