Afcons Infrastructure is gearing up for significant growth, strengthening its position in the infrastructure sector.
Afcons receives SEBI approval to launch its ₹7,000 crore IPO, to fund its ambitious expansion plans.
The IPO consists of a ₹1,250 crore fresh issue and ₹5,750 crore offer for sale by Goswami Infratech.
Proceeds will be utilized to purchase construction equipment, meet working capital needs, and repay debt.
Afcons reported ₹12,637.38 crore revenue in FY23, a 14.69% increase, with profit growth of 14.89%.
The company’s order book soared to ₹34,888.39 crore by September 2023, highlighting its diverse project portfolio.