Afcons Infrastructure Ltd - IPO

Afcons Infrastructure Ltd IPO Details

Initial public offering of up to [*] equity shares of face value of Rs. 10 each (Equity Shares) of Afcons Infrastructure Limited (the Company or the Issuer) for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) (Offer Price) aggregating up to Rs. 7000.00 crores (the Offer) comprising a fresh issue of up to [*] equity shares aggregating up to Rs. 1250.00 crores by the company (the Fresh Issue) and an offer for sale of up to [*] equity shares aggregating up to Rs. 5750.00 crores by Goswami Infratech Private Limited (the Offer for Sale). The face value of the equity shares is Rs. 10 each. The offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot will be decided by the company in consultation with the brlms. This offer includes a reservation of up to [*] equity shares, aggregating up to Rs. [*] crores (constituting up to [*]% of the post-offer paid-up equity share capital), for subscription by eligible employees (as defined hereinafter) (Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The company in consultation with the brlms, may offer a discount of up to Rs. [*] to the offer price (equivalent of Rs. [*] per equity share) to eligible employees bidding in the employee reservation portion (Employee Discount). The offer and the net offer shall constitute [*]% and [*]%, respectively, of the post-offer paid-up equity share capital of the company. The company in consultation with the brlms, may consider undertaking a further issue of equity shares or specified securities as may be permissible through a preferential issue or any other method as may be permitted in accordance with applicable law to any person(s), for a cash consideration aggregating up to Rs. 250.00 crores between the date of this draft red herring prospectus and the filing of the red herring prospectus with the roc, subject to market conditions (pre-ipo placement). If the pre-ipo placement is undertaken, the fresh issue size will be reduced to the extent of such pre-ipo placement, subject to the offer (comprising the fresh issue so reduced by the amount raised from the pre-ipo placement, and the offer for sale) complying with rule 19(2)(b) of the scrr. The pre-ipo placement, if undertaken, will be at a price to be decided by the company in consultation with the brlms.

Objective of issue

Capital expenditure towards purchase of construction equipments. Funding long term working capital requirements. Prepayment or scheduled repayment of a portion of certain outstanding borrowings and acceptances availed by the company. General corporate purposes.

Afcons Infrastructure Ltd Contact Details

Afcons Infrastructure Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - gaurang@afcons.com

Website - www.afcons.com