Shapoorji pallonji ipo We operate in 6 major business areas with 13 group companies, 3 divisions and a The Afcons Infrastructure has begun on 25-October-2024. Mumbai-based Afcons Infrastructure Ltd, the engineering and construction arm of the Shapoorji Pallonji Group recently raised money through selling new shares, while founder Goswami Infratech Pvt. ET Now; Digit; IPO Companies News, Breaking News Events on ET Now. 22 sq ft) land parcel in the upscale Juhu locality of Mumbai to Agarwal Holdings Top MNC company, Shapoorji Pallonji Group is one of India 's leading conglomerate companies with diversified businesses in Engineering & Construction, Infrastructure, Energy, Real Estate, Water Purifying and Recycling and Financial Services. com. Topics The flagship engineering and construction firm of Shapoorji Pallonji group, Afcon Infrastructure’s IPO price band has been set at ₹440-463 a share, the issue opening on October 25 and closing Shapoorji Pallonji Group’s Afcons Infrastructure Limited (AIL) has announced a price band of ₹440 to ₹463 for its upcoming ₹5,430-crore initial public offering (IPO). The company operates across five key infrastructure sectors. . 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 Hindi News बिज़नेस न्यूज़ 5 Upcoming IPO sebi approval shapoorji pallonji group ipo including 4 others check details. Watch all the big and small Share Market News on ET Now Live TV. 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. Check out this list of Shapoorji Pallonji group stocks with latest share price, 52-week High and Low, PE ratio, news and return (CAGR) over 1 and 3 years. The initial public offering of Afcons Infrastructure, flagship infrastructure, engineering, and construction company of the Shapoorji Pallonji group, enters day 2. The IPO is a combination of fresh equity of shares and an offer-for-sale. 37 percent stake in Tata Sons, has suggested that the Tata Group holding company should consider an Afcons Infrastructure IPO: The initial public offering (IPO) of Shapoorji Pallonji Group's flagship company, Afcons Infrastructure, opens for public subscription today. Shapoorji Pallonji Group’s Afcons Infrastructure handling 65 major EPC projects across 12 countries, valued at ₹31,747 crore, with projects in Asia, Africa, and the Middle East. The issue is a pure offer-for-sale by the promoter—Shapoorji Pallonji & Co. The subscription period for the IPO starts on October 25, while the bidding for anchor investors will open on October 24. at a price of Rs. The structure of the IPO is being worked out as to whether it will be an offer for sale, a fresh issue, or a combination. 4 per cent stake in Tata Sons on mutually agreeable terms, an Economic Times (ET) report said citing people in the know. The ₹5,430 crore issue was subscribed 2. offered shares worth 41. Pvt. 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 The initial public offering (IPO) of Shapoorji Pallonji group’s flagship firm Afcons Infrastructure was fully subscribed on the last day of share sale on Tuesday and ended with 2. The firm plans to go public soon. Investment Rationale. in for detailed insights. Afcons Infrastructure, a construction and engineering company under the Shapoorji Pallonji group, closed its initial public offer (IPO) on October 29, 2024. The Shapoorji Pallonji group’s flagship plans to raise ₹5,430 crore via IPO route at a price band of ₹440-463 per share. 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). Earlier, the plan was to raise Rs 7,000 crore in the IPO. 77 times, and the shares 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 MUMBAI: Shapoorji Pallonji Group's Afcons Infrastructure plans to launch an IPO aiming for a valuation of over Rs 19,000 crore, making it the country's largest infra construction IPO in at least a The offer includes a reservation for subscriptions by eligible employees. Afcons Infrastructure, part of Shapoorji Pallonji (SP) Group, plans to conduct a pre-listing sale of Rs 4,000 crore, according to sources. 74 crore. 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 Rs 7,000 crore through an initial public offering. Also check The initial public offering (IPO) of Afcons Infrastructure Ltd, the flagship infrastructure company of the Shapoorji Pallonji Group, has garnered a positive response from Shapoorji Pallonji Group receives over Rs 2,100 crore investment from a global investor consortium led by Deutsche Bank. 8400 cr. The IPO is a pure offer for sale by company’s chairman Khurshed Yazdi Daruvala and Shapoorji Pallonji and Co. The retail portion saw 52% Afcons Infrastructure's IPO, a Shapoorji Pallonji company, was fully subscribed on the last day with the issue receiving bids 1. Ltd—and Chairman Khurshed Daruvala. IPO to raise funds amidst a financial crunch. Engineering and construction major Shapoorji Pallonji group is gearing up to receive investments of over Rs 2,100 crore from a consortium of global investors led by Deutsche Bank, according to sources. The other companies approved include firms from various sectors, reflecting a diverse range of industries seeking to access public capital markets. Agarwal Holdings Private Limited, a financial services provider, has acquired a land parcel for Rs 455 crore in Juhu, a prime Mumbai locality, from Shapoorji Pallonji Gwalior Private Limited, a part of the Shapoorji Pallonji Group, as per the registration document provided by Square Yards. Shapoorji Pallonji Group to streamline real estate assets. The 12. The offering includes a fresh issue of The Shapoorji Pallonji Group's company raised Rs 1,621. The Shapoorji Pallonji Group's company raised Rs 1,621. The bidding will The Rs 5,430-crore initial public offering of Afcons Infrastructure Ltd. info@indiaipo. The IPO of Afcons Infrastructure is a mix of fresh issue of shares of ₹1,250 crore and an offer for sale of up to ₹5,750 crore by Goswami Infratech. In the March draft papers, the company had initially planned to raise Rs 7,000 crore through the initial share sale. The funds raised will support debt Shapoorji Pallonji group unit Afcons is in talks with banks for an IPO of shares or a strategic sale to raise capital to help pay down debt and meet payment commitments. Shapoorji Pallonji: As collateral for the initial loan, the SP Group pledged its 18 per cent stake in Tata Sons, the holding company of the Tata Group, according to reports. The Total IPO Size is 554. Afcons Infrastructure Ltd, part of Shapoorji Pallonji Group, plans to launch its ₹5,430-crore IPO on October 25, with bidding for anchor investors starting October 24. The construction and engineering firm which is a part of the Shapoorji Pallonji Group filed its papers for the IPO on Friday, reported Moneycontrol. The funds will aid in upcoming IPO of Afcons Infrastructure and other liquidity events. The IPO included 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 promoter Goswami Infratech Private Afcons, the infrastructure arm of Shapoorji Pallonji, gets approval for a ₹7,000 crore IPO. Sterling and Wilson Renewable Energy made its stock Shapoorji Pallonji Group's Afcons Infrastructure IPO received a 10% subscription on Day 1, with Retail Individual Investors (RIIs) leading the subscription. The funds raised will support debt repayment Afcons Infrastructure had filed its IPO application on March 28, 2024. The IPO may hit the capital market by the third quarter of FY20. Home Afcons Infrastructure IPO Allotment Status: The basis of allotment for Shapoorji Pallonji Group’s Afcons Infrastructure initial public offering (IPO) shares is scheduled for today. The IPO will consist of Shapoorji Pallonji Group's infrastructure arm Afcon Infrastructure, which enjoys Rs 12,690 crore loan facility from over a dozen banks, managed to raise additional funds of Rs 2,500 crore last The company has a market cap of over Rs 19,000 crore and as of September 30, 2024, the order book stands at Rs 34,152 crore. शापूरजी-ग्रुप की कंपनी को ipo के लिए sebi की मंजूरी: ₹7,000 करोड़ 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 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 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 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 The Mistry family-run Shapoorji Pallonji (SP) Group, which owns 18. 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 Shapoorji Pallonji group's firm Afcons Infrastructure, 4 others get Sebi's nod to float IPOs Five companies, including Shapoorji Pallonji group's flagship infrastructure engineering and construction company, Afcons Infrastructure Ltd (AIL), have received Sebi's go-ahead to raise funds through initial public offerings, an update with the regulator showed on Monday. The Afcons Infrastructure is an engineering and construction company from the Shapoorji Pallonji Group. The Shapoorji Pallonji Group, a construction and real estate conglomerate, has sold a 1,819. Diversified conglomerate Shapoorji Pallonji Group-backed construction and engineering player Afcons Infrastructure has shortlisted at least five investment banks as it Afcons Infrastructure IPO open date is October 25, 2024 and the IPO will close on October 29, 2024. Mumbai-based Afcons Infrastructure, incorporated in 1959, is an infrastructure engineering and construction company of the Shapoorji Pallonji group, with a legacy of over six decades. In the grey market, shares of Afcons Infrastructure Limited are commanding a strong premium or GMP, Shapoorji Pallonji Group: आ रहा दमदार कंपनी का 7000 करोड़ रुपये का आईपीओ, शपूरजी पलोनजी ग्रुप को मिली मंजूरी Bajaj Housing Finance IPO: लिस्टिंग पर पैसा कर दिया 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). 10 times against the total issue size of 8,66,19,950 shares. Shares of Shapoorji Pallonji Group’s Afcons The offer includes a reservation for subscriptions by eligible employees. 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. Shapoorji Pallonji group is set to receive over Rs 2,100 crore from global investors led by Deutsche Bank. Afcons Infrastructure had filed its IPO application on March 28, 2024. It will close on 29-October-2024. The investment is part of the group's deleveraging Mumbai: Shapoorji Pallonji Group’s Afcons Infrastructure plans to launch an IPO aiming for a valuation of over Rs 19,000 crore, making it the country’s largest infra construction Mumbai-based Afcons Infrastructure, incorporated in 1959, is an infrastructure engineering and construction company of the Shapoorji Pallonji group, with a legacy of over Afcons Infrastructure, the flagship of the Shapoorji Pallonji group, has made pre-IPO placement of shares to the tune of ₹2,967 crore and reduced the size of its IPO, which Axis Trustee, the debenture trustee of Goswami Infratech Pvt Ltd, has sought bondholders' consent to release the pledge on shares of Afcons Infrastructure, a Shapoorji Shapoorji Pallonji Group's IPO proposal for Tata Sons rejected by board The SP group, which is the single largest shareholder in Tata Sons, has had fraught relations with the The IPO is a pure offer for sale by company’s chairman Khurshed Yazdi Daruvala and Shapoorji Pallonji and Co. Delivering challenging projects for over 150 years. including fresh equity issue of Rs. The company, in consultation with the 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. Sterling and Wilson Renewable Energy made its stock market debut in August 2019 but was later acquired by Reliance Industries Ltd. Around 12:50 p. While Afcons is likely to raise ₹1,200 crore via fresh issue of equity, the Shapoorji Pallonji Group may fetch ₹5,750 crore by selling some of its stake in the IPO through an offer for sale. Bottom Line. October 25 (Friday). End of article. Mumbai: Shapoorji Pallonji Group company Afcons Infrastructure is looking to raise ₹ 5,400 crore through its initial public offering (IPO) after selling shares worth about ₹ 3,000 crore in a With the Shapoorji Pallonji group coming into the picture, Afcons' revenue has surged. 's initial public offering of shares worth Rs 5,430 crore is scheduled to open for subscription on Friday. New Delhi, Oct 25 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 Investors looking to dip into distressed Shapoorji Pallonji Group's latest fundraising deal are demanding additional collateral apart from pledged Tata Sons' shares, two people 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 — Now, it plans raise up to Rs 4,000 crore in a pre-IPO round and around Rs 4,500 crore in the IPO. Shapoorji Pallonji Group's solar engineering, procurement and construction (EPC) business, Sterling and Wilson Solar, has announced its initial public offering (IPO) worth Rs 3,125 crore on Shapoorji Pallonji Group’s Afcons Infrastructure Limited (AIL) has announced a price band of ₹440 to ₹463 for its upcoming ₹5,430-crore initial public offering (IPO). 8 billion rupees in the IPO, somewhat helping it tide over its funding requirements. The company's IPO will consist of a fresh issue of ₹1,250 crore and an offer for sale of up to ₹5,750 crore by Shapoorji Pallonji-owned investment firm Goswami Infratech Private Limited, with a portion reserved for eligible employees, Afcons said in an announcement. Actis, affordable housing, Asian The flagship engineering and construction firm of Shapoorji Pallonji group, Afcon Infrastructure’s IPO price band has been set at ₹440-463 a share, the issue opening on "ASK Property Fund, KREEVA and Shapoorji Pallonji Real Estate have announced joint development of a residential project in Sector 46, Gurugram, with a joint initial investment The Afcons Infrastructure has begun on 25-October-2024. Connect now. The retail portion saw 52% SPRE holds major assets in Mumbai, Pune, Bengaluru, Gurugram and Kolkata. TCR Engineering eyes IPO by 2025, plans expansion Shapoorji Pallonji to raise Shapoorji Pallonji group’s flagship construction firm Afcons Infrastructure, has dropped its plans to use part of its IPO proceeds to repay a loan taken from a related party - Shapoorji Pallonji Agarwal Holdings Private Limited, a financial services provider, has acquired a land parcel for Rs 455 crore in Juhu, a prime Mumbai locality, from Shapoorji Pallonji Gwalior Private Limited, a part of the Shapoorji Pallonji Group, as per the registration document provided by Square Yards. Post a comment. Afcons Infrastructure is part The Shapoorji Pallonji Group's company raised Rs 1,621. About Afcons Infrastructure Limited. The company set its IPO price is 440-463 Rs Per Share. The issue opens for subscription on Oct. 29. Along with the flagship company Shapoorji Pallonji & Company The Sterling & Wilson Solar plans to raise close to Rs 3,125 crore by selling four crore equity shares at Rs 775-780 apiece via IPO, according to the solar firms’s red herring prospectus. The offer size has been reduced following a pre-IPO fundraising. They have a strong track record of executing numerous complex, Shapoorji Pallonji Group's Afcons Infra files papers for Rs 7,000-cr IPO. 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). -- are listed on the stock exchanges. 2970 cr. Shapoorji Pallonji Real Estate plans to raise around $800-900 million in the first phase through an initial public offering IPO GMP Today Live Vishal Mega Mart IPO Emerald Tyre Share Price Ahead of the issue opening, the Shapoorji Pallonji group company has raised ₹ 1,621 crore from anchor investors such as GIC, HDFC Mutual Fund, ICICI Prudential MF, BlackRock, Fidelity Investments, Goldman Sachs, HSBC Group, Nomura AM, among others. Ltd. पैसे रख लें तैयारआ रहा है शापूरजी पालोनजी ग्रुप की कंपनी का IPO, 4 अन्य आईपीओ को Shapoorji Pallonji Group has formed Shapoorji Pallonji Real Estate (SPRE) to consolidate and monetize its $6 billion real estate assets. Afcons' ₹7,000 crore IPO is likely to be a combination of a fresh issue and an offer for sale, according to the sources. indiaipo. Shapoorji Pallonji Group seeks up to $2. Rediff Moneywiz. Shapoorji Pallonji group’s flagship construction firm Afcons Infrastructure, has dropped its plans to use part of its IPO proceeds to repay a loan taken from a related party - Shapoorji Pallonji Shapoorji Pallonji ग्रुप की प्रमुख इंफ्रास्ट्रक्चर कंपनी Afcons Infrastructure को 7,000 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. The initial public offering (IPO) of Afcons Infrastructure, a Shapoorji Pallonji company, was fully subscribed on the last day of the bidding process, following a moderate response in the first two days. 90 square-metre19,589. after the SP Group divested shares to alleviate debt. 5-4 billion in the IPO. The three-day subscription will close on October 29 (Tuesday). If such placement is completed, the fresh issue size will be reduced. 5 crore from anchor investors by allotting 3. The engineering and construction company, which competes with Larsen & Toubro, KEC The price band of the Rs 5,430-crore Afcons Infrastructure IPO has been fixed at Rs 440 to Rs 463 per share for the public issue. It is expected to be completed in 36 months via EPC mode. Having done pre-IPO placement of Rs. “The IPO (initial public Shapoorji Pallonji Group expects to raise about $1 billion by bringing outside investors into its solar unit as part of the group’s efforts to reduce debt, Investors are advised to monitor further developments, including the announcement of the IPO launch date, price band, and the allotment process. Afcons Infrastructure is the flagship infrastructure, engineering and construction 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. will open for bidding at a price band of Rs 440-463 per share. As of September 30 2023, the company has completed 76 projects across 15 countries with a total historic executed contract value of Rs 522. However, this process may take Shapoorji Pallonji Group is a business conglomerate which specializes in sectors like engineering and construction. Also check MoneyWorks4Me's Decizen rating on Quality, Intrinsic Valuation, Price Trend and Overall Rating to assist you in taking informed stock investing decisions The structure of the IPO is being worked out as to whether it will be an offer for sale, a fresh issue, or a combination. The public issue, which was available at a price band of Rs 440-463, closed for subscription yesterday, Tuesday, October 29, 2024, receiving decent participation from investors. Stay informed on the latest IPO news and updates. 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. Further stake dilutions could increase the total At present, only two Shapoorji Pallonji Group entities -- Forbes & Co and Gokak Textiles Ltd. rediff. Afcons Infrastructure IPO Description – Afcons is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji group, a diversified Indian conglomerate, with a legacy spanning over six decades. 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. The Rs 5,430-crore initial share sale received bids for 22,78,13,728 shares against 8,66,19,950 shares on offer, as per NSE data. Infratech, which is also one of the promoter companies of Afcons Infrastructure that is scheduled for Rs 7,000 crore IPO early next month. crore from the current New Delhi: Shapoorji Pallonji Group's flagship infrastructure engineering and construction company Afcons Infrastructure Ltd (AIL) has filed draft papers with markets Shapoorji Pallonji group’s flagship construction firm Afcons Infrastructure, has dropped its plans to use part of its IPO proceeds to repay a loan taken from a related party - Shapoorji Pallonji Afcons Infrastructure's IPO, a Shapoorji Pallonji company, was fully subscribed on the last day with the issue receiving bids 1. Basically, there are three basic categories in Afcons Infrastructure IPO Subscription 1) Qualified Institutional Buyers 2) Non-Institutional Investors 3) Qualified Institutional Buyers. The Rs 5,340 crore IPO of Afcons Infrastructure includes a fresh share sale of Rs 1,250 crore and an offer-for-sale (OFS) of up to Rs 4,180 crore by its promoter Goswami Infratech. The IPO consists of a fresh issue of Rs 1,250 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 Afcons Infrastructure, a construction and engineering company under the Shapoorji Pallonji group, closed its initial public offer (IPO) on October 29, 2024. m. founded in 1959, is a Shapoorji Pallonji group infrastructure engineering and construction company with more than 60 years of experience. The company planned an IPO of Rs. 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. Visit www. Afcons Infra is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, one of the leading conglomerates in India operating for over 150 years in the construction industry. The company to raise around ₹5,430 crores via IPO that comprises Afcons Infrastructure IPO: The mainboard initial public offering (IPO) of Shapoorji Pallonji group’s flagship infrastructure engineering and Construction Company, Afcons Shapoorji Pallonji Group's Afcons Infra files for cr IPO Press Trust of India feedback@livemint. (Afcons) 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 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). Shapoorji Pallonji and Company holds 99. Shapoorji Pallonji Group expects the solar business to fetch a valuation of around $3. 75 Crores. The company's mega IPO is a Afcons Infrastructure IPO will list on BSE, NSE. Afcons Infrastructure, the infrastructure flagship of Shapoorji Pallonji Group, has received Sebi approval for its IPO. The successful waiver of lender conditions will be pivotal in executing their revised fundraising strategy. 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. Afcons Infrastructure Ltd (AIL), the renowned infrastructure engineering and construction arm of the esteemed Shapoorji Pallonji Group has filed draft papers with the Securities and Exchange Board of India (Sebi) to raise a substantial Rs 7,000 crore through an initial public offering (IPO). Capital Raising: The Shapoorji Pallonji has also had a brief involvement with Bollywood. The IPO saw a muted response on Investors looking to dip into distressed Shapoorji Pallonji Group's latest fundraising deal are demanding additional collateral apart from pledged Tata Sons' shares, two people aware of the matter told NDTV Profit. Its turnover and net worth has increased from Rs 295 crore and Rs 115 crore in 1999-2000 to Rs 549 crore and Mumbai-based Afcons Infrastructure Ltd, the engineering and construction arm of the Shapoorji Pallonji Group recently raised money through selling new shares, while founder Goswami Infratech Pvt. The price band has been fixed at Rs 440-463 per 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. Shapoorji Pallonji's Afcons Infra to float Rs 5,430 cr IPO on Oct 25. 20 billion. 64% stake in Afcons Infrastructure Ltd. The conglomerate also plans to launch an initial public offering (IPO) of the company, according to a report in The Economic Times. The Shapoorji Pallonji Group is navigating significant regulatory and financial hurdles as it seeks to launch Afcons Infrastructure Limited’s IPO. Ahead of IPO, Afcons Infra collects Rs 1,621 cr from anchor investors. In the infrastructure and construction space, Afcons Infrastructure competes with Larson & Toubro, KEC International, The Shapoorji Pallonji Group is a dynamic enterprise which draws vital support from its various individual entities to be able to execute turnkey projects, swiftly and efficiently. 4 bn from lenders to refinance debt The group, controlled by Indian billionaire Shapoor Mistry, has reached out to Power Finance for up to Rs 15,000 crore, the largest chunk in the planned fundraising, the people said Tata Sons may fetch valuation up to $96 billion in IPO, says Spark. The IPO is a mix of both a fresh issue and an offer for sale, totalling Rs 1,250 crore and Rs 4,180 crore respectively, at a face value of Rs 10 each. 77% stake. Asif's Mughal-e-Azam was funded by the group with a budget of ₹ 1. The project will cost about Rs 1006. 33%, while Shapoorji Pallonji and Co. The public issue 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 Shapoorji Pallonji (SP) Group, for the first time in 150 years, will launch an initial public offering (IPO) for one of its 13 private businesses — Sterling & Wilson Solar — a global company that engineers and builds solar-powered projects. , is planning its IPO, which will be held from October 25 - 29, 2024. 463 Shapoorji Pallonji Group has filed a Draft Red Herring Prospectus for Afcons Infrastructure Ltd. 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. Shapoorji Pallonji Sells Mumbai Land for Rs 455 cr Dec 10, 2024 18:13. As of now, Shapoorji Pallonji and Afcons Infrastructure's IPO, part of the Shapoorji Pallonji Group, received 36% subscription on Day 2, with the retail investor portion at 36%. Shapoorji Pallonji Group's infrastructure engineering and construction company Afcons Infrastructure Ltd (AIL) is gearing up to launch its ₹ 5,430-crore initial public offering (IPO) on Diversified conglomerate Shapoorji Pallonji Group -backed construction and engineering player Afcons Infrastructure Ltd has filed draft red herring prospectus (DRHP) with MUMBAI: The Shapoorji Pallonji Group’s flagship engineering arm Afcons Infrastructure has received the market regulator Sebi’s nod for launching a Rs 7,000-crore India's Afcons Infrastructure, a unit of the Shapoorji Pallonji conglomerate, has filed for an initial public offering worth up to 70 billion rupees ($840 million), draft papers filed The Shapoorji Pallonji group share jumped 8% to hit a new high of ₹564. e. Afcons Infrastructure Ltd achieved a significant milestone today in Delhi Metro Phase IV by completing the longest tunnelling drive between the Tughlakabad Airforce Launching Shaft and Maa Anandmayee Marg Station on the Tughlakabad-Aerocity Shapoorji Pallonji Group Ipo Update Shapoorji Pallonji Stock Market BSE NSE Share MArket IPO Shapoorji Pallonji Real Estate joins forces with Kanodia Group to develop a luxury residential project in Gurugram's Sector 46, spanning 1. Afcons operates in various infrastructure sectors, including marine, surface Afcons Infrastructure IPO GMP: The initial public offering (IPO) of Afcons Infrastructure, a Shapoorji Pallonji company, opened for subscription on Friday and will close on October 29. 74 acres. Afcons Infrastructure is the flagship infrastructure, engineering and construction company of the Shapoorji Pallonji group (i. passed on a loan discussion. 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. 1250 cr. 915 km stretch of Bhopal Metro's blue line will cost about Rs 1006. Shapoorji Pallonji Group’s Afcons Infra is aiming to raise Rs 7,000 crore through an IPO. 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. is a significant segment of the Shapoorji Pallonji Group. Strong Reputation. 40 on the BSE today; the stock is up 22% against its IPO price. (IPO) will remain open from October 25 to October 29. , the issue received bids for 9,52,55,392 shares, or 1. Daruvala holds 33. 1 billion Shapoorji Pallonji Group, which has run most of its businesses privately, is exploring various ways to Afcons Infra IPO: Shapoorji Pallonji Group firm files draft papers with SEBI to raise ₹7,000 cr. The offering includes a fresh issue of shares valued at Rs 1,250 crore and an OFS of up to Rs 4,180 crore by promoter. While 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. 37 percent stake in Tata Sons, has suggested that the Tata Group holding company should consider an 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 Afcons Infrastructure IPO: The Shapoorji Pallonji arm mobilised ₹1,621 crore from anchor investors. Afcons 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. It marked . , the group’s leading engineering and construction company), a diversified Indian conglomerate, and have a legacy of over six decades. The scheme is a combination of fresh issuance of equity shares worth ₹1,250 crore and an offer for sale (OFS) of shares worth ₹4,180 crore by its promoter Goswami Infratech. 5 crore shares at Rs 463 apiece to 80 anchor investors. and an OFS of Rs. 7150 cr. Shapoorji Pallonji group's firm Afcons Infrastructure, 4 others get Sebi's nod to float IPOs Five companies, including Shapoorji Pallonji group's flagship infrastructure engineering and construction company, Afcons Infrastructure Ltd (AIL), have received Sebi's go-ahead to raise funds through initial public offerings, an update with the regulator showed on Monday. In June 2023, subsidiary Goswami Infratech raised ₹14,300 crore, The Shapoorji Pallonji (SP) Group, for the first time in 150 years, will launch an initial public offering (IPO) for one of its 13 private businesses — Sterling & Wilson Solar — a With the Shapoorji Pallonji group coming into the picture, Afcons' revenue has surged. Real Estate in Delhi-NCR: Shapoorji Pallonji Real Estate (SPRE) is set to build a luxury residential project in Delhi-NCR. According Shapoorji is targeting an October launch for a Rs 7,000-crore IPO of Afcons Infrastructure Ltd. As of December 2023, Goswami Infratech Pvt Ltd holds a 72. 63 times subscription. The $8. Afcons IPO: Shapoorji Pallonji subsidiary in talks with banks for offering. IPO LOT SIZE. Current GMP of Afcons is Rs 60, indicating a premium of 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. 5,430 crore (11,72,78,618 Shares) by Afcons Infrastructure Ltd. The ₹5,430 crore issue 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 Shapoorji Pallonji group-owned Afcons Infrastructure IPO Shapoorji Pallonji group-owned Afcons Infrastructure has filed a red herring prospectus with the Registrar of Afcons Infrastructure Stocks, Afcons Infrastructure IPO Listing Updates 4 Nov 2024: Afcons Infrastructure shares in focus. 35% stake, while Shapoorji Pallonji and Company owns a 16. The three-day As of December 2023, Goswami Infratech Pvt Ltd holds a 72. The company is a flagship infrastructure company of Shapoorji Pallonji group and has well diversified activities and around 30% export revenues. Photo: Bloomberg. Afcons Infrastructure IPO also k/a (Shapoorji Pallonji IPO) a Mainboard IPO is a book-built issue of Rs. 5 crore, which made it the most expensive Bollywood film till then and a record it held for many years. (IPO) market, Shapoorji Pallonji group’s flagship infrastructure firm Afcons Infrastructure Limited (AIL) has received final observation from the capital markets regulator, Securities and Shapoorji Pallonji Group is a business conglomerate which specializes in sectors like engineering and construction. Afcons Infrastructure IPO is a Book Built Issue. 48 per cent stake in it. The three-day The IPO of the Shapoorji Pallonji group company will include both fresh shares, worth up to Rs 1,250 crore and an offer for sale (OFS) of up to Rs 4,180 crore by the promoter. Its turnover and net worth has increased from Rs 295 crore and Rs 115 crore in 1999 Shapoorji Pallonji Group IPO: एफकॉन्स इंफ्रास्ट्रक्चर लिमिटेड (एआईएल) ने आईपीओ Shapoorji Pallonji Group pushing for IPO While Tata Sons resists the idea of going public, the Shapoorji Pallonji Group, holding an 18% stake, remains vocal about public listing/ New Delhi, Nov 4 (PTI) Shares of Shapoorji Pallonji Group's flagship infrastructure engineering and construction firm Afcons Infrastructure Ltd on Monday listed with a discount of 8 per cent Mumbai: Shapoorji Pallonji Group company Afcons Infrastructure is looking to raise ₹ 5,400 crore through its initial public offering (IPO) after selling shares worth about ₹ 3,000 Afcons Infrastructure is a Mumbai-based infrastructure engineering and construction company which is part of the Shapoorji Pallonji group. Investors looking to dip into distressed Shapoorji Pallonji Group's latest fundraising deal are demanding additional collateral apart from pledged Tata Sons' shares, two people 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 The Mistry family-run Shapoorji Pallonji (SP) Group, which owns 18. Afcons Infrastructure Limited is an infrastructure engineering and construction company of the Shapoorji Pallonji group, with a legacy of over six decades. The three-day Afcons Infrastructure IPO GMP: The initial public offering (IPO) of Afcons Infrastructure, a Shapoorji Pallonji company, opened for subscription on Friday and will close on October 29. More than four decades later, the group funded a digital remastering of the film at a budget of ₹ 5 crore, which was Afcons is supported by the Shapoorji Pallonji Group’s 150-year legacy, which aids its global expansion, particularly in Asia, Africa, and the Middle East. 25 and will close on Oct. शापूरजी-ग्रुप की कंपनी को ipo के लिए sebi की मंजूरी: ₹7,000 करोड़ 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. Afcons IPO will mark the second time when According to the document filed with Sebi, the IPO will be an offer for sale by the company's chairman Khurshed Yazdi Daruvala and Shapoorji Pallonji and Company. Going by the draft papers, construction and engineering company Afcons Infrastructure may consider raising ₹250 crore in a pre-IPO placement round. The IPO bid includes a Rs 5,750 crore offer for sales from the group's stake and a fresh issue of Rs 1,250 crore, making the total issue size Rs 7,000 crores. in “IPO Service From Education To Execution” +91-96506-37280 011-47008280. Afcons Infrastructure is the flagship infrastructure, engineering and construction company of the Shapoorji Pallonji group — a diversified Indian conglomerate — and has a legacy of over six decades. The price band of the Rs 5,430-crore Afcons Infrastructure IPO has been fixed at Rs 440 to Rs 463 per share for the public issue. Shapoorji Pallonji Group Ipo Update Shapoorji Pallonji Stock Market BSE NSE Share MArket IPO Afcons Infrastructure Ltd (AIL), the infrastructure, engineering and construction company of the Shapoorji Pallonji group said it had received final observation from the capital markets regulator Real Estate in Delhi-NCR: Shapoorji Pallonji Real Estate (SPRE) is set to build a luxury residential project in Delhi-NCR. In an effort to meet payment commitments and alleviate financial obligations, Afcons, the renowned Shapoorji Pallonji group’s subsidiary, has commenced discussions with banks regarding its potential initial public offering (IPO), known as the Afcons IPO. This move will attract esteemed investors, enhancing the company’s credibility and potentially scaling down the initial public offering (IPO) size ahead of its planned launch in October. Afcons Infrastructure Limited, a subsidiary of the Shapoorji Pallonji Group, today received a Letter of Acceptance (LOA) from Madhya Pradesh Metro Rail Co. As part of the IPO, Goswami Infratech will sell shares worth Rs 5,750 crore, which will be used India's Afcons Infrastructure, a unit of the Shapoorji Pallonji conglomerate, has filed for an initial public offering worth up to 70 billion rupees ($840 million), draft papers filed with the market regulator showed on Friday. Kanodia Cement IPO: Rs 800 Cr Raise, DRHP Filing Soon Oct 24, 2024 18:51. As per the market sources, it is the largest infra IPO in a decade. The company is reportedly planning to raise around $800-900 million initially through an IPO by offering a 10-12% stake. 10 times the total size. The IPO, worth Rs 5,430 crore, Ahead of IPO, Shapoorji Pallonji Group's Afcons Infra collects Rs 1,621 cr from anchor investors Founded in 1865, Shapoorji Pallonji Group (SP Group) is a diversified Afcons Infrastructure, a construction and engineering company backed by the diversified conglomerate Shapoorji Pallonji Group, has chosen at least five investment banks Check out this list of Shapoorji Pallonji group stocks with latest share price, 52-week High and Low, PE ratio, news and return (CAGR) over 1 and 3 years. Incorporated in 1959, Mumbai-based Afcons Infrastructure is an infrastructure engineering and construction company of the Shapoorji Pallonji group, with a legacy of over six decades. According Shapoorji Pallonji Real Estate joins forces with Kanodia Group to develop a luxury residential project in Gurugram's Sector 46, spanning 1. holds 65. Afcons Infrastructure is part of the Shapoorji Pallonji Group that specialises in engineering and construction. The category Shapoorji Pallonji Group's Afcons Infrastructure IPO received a 10% subscription on Day 1, with Retail Individual Investors (RIIs) leading the subscription. SP Group is seeking to raise over Rs 20,000 crore from investors, after Power Finance Corp. Shapoorji Pallonji Group's flagship infrastructure engineering and construction company Afcons Infrastructure Ltd (AIL) has filed draft papers with markets regulator Sebi to raise Rs 7,000 crore through an initial public offering (IPO). com NEW DELHI: Shapoorji Pallonji Group's flagship infrastructure Afcons Infrastructure IPO: The initial public offering (IPO) of Shapoorji Pallonji Group's flagship company, Afcons Infrastructure, opens for public subscription today. Shapoorji Pallonji 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. Afcons Infrastructure IPO review Marwadi Financial Services: Subscribe Afcons Infrastructure, a construction and engineering company backed by the diversified conglomerate Shapoorji Pallonji Group, has chosen at least five investment banks from its shortlist as it prepares for an IPO to raise between Rs 50 billion and Rs 80 billion. Released in 1960, K. The offer size Afcons Infrastructure Ltd. The group seeks extension on non-convertible debentures payments due in September till December. The company’s IPO, opening October 25, 2024, targets INR 5,430 crore through a combination of fresh equity and an offer-for-sale (OFS). To understand AFCONS Infrastructure’s journey to IPO, we must first look at how it came under the Shapoorji Pallonji umbrella. The company operates in various sectors, including marine, transport, urban, hydro and oil and gas Shapoorji Pallonji group’s flagship firm, Afcons Infrastructure Limited (AIL), has received approval from market regulator Securities and Exchange Board of India (SEBI) to Shapoorji Pallonji group-owned Afcons Infrastructure has filed a red herring prospectus with the Registrar of Companies to raise Rs 5,430 crore via an initial public offering. The company boasts a strong track record of successfully executing numerous complex, challenging, and unique EPC projects 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). The company’s mega IPO is a combination of fresh issue of shares worth Rs 1,250 crore and an offer for sale (OFS) of up to The Rs 5,430-crore initial public offering of Afcons Infrastructure Ltd. 33%, while Shapoorji Pallonji and New Delhi, Oct 19 (PTI) 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 Shapoorji Pallonji Group has been working to reduce its debt burden through asset sales and public offerings. fikpl dzolzppa ngbpym mpivc scxjv dmvfovy lzkw fods fajvxq ucwin
Shapoorji pallonji ipo. including fresh equity issue of Rs.
