Shapoorji Pallenj Group is preparing for IPO, documents filed. Loktej Business News
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Mumbai/New Delhi, March 29 (HS). The biggest ever initial public offering (IPO) is about to come in the infrastructure sector in the country. Afcons Infrastructure Limited, the leading infrastructure firm of Shapoorji Pallonji Group, has filed DRHP for an IPO worth Rs 7 thousand crore.
Afcons Infrastructure Ltd (AIL), the Shapoorji Pallonji Group’s flagship infrastructure engineering and construction company, has filed its draft red herring prospectus with market regulator Securities and Exchange Board of India (SEBI) to raise funds through an IPO, official sources said on Friday. DRHP) has been filed.
The face value of the company’s shares will be Rs 10 per equity share. Along with IPO, OFS i.e. Offer for Sale has been included in this public issue. The size of the company’s IPO is Rs 7 thousand crore, which is the largest issue size till date in the infra sector. Through this initial public offering, the company will issue fresh issues worth Rs 1250 crore. Apart from this, an offer for sale of Rs 5750 crore will also be included in this issue. In this, shares worth Rs 5750 crore will be issued by Goswami Infratech. Along with this, there will be a separate reservation system for eligible employees.
It is noteworthy that Afcons operates in five major infrastructure business segments. This includes marine and industrial, including projects such as ports, harbors, dry docks, LNG tanks and material handling systems. At the same time, surface transportation, which includes highways, interchanges, mining infrastructure and railways. Urban infrastructure, including metro works, bridges, flyovers and elevated corridors serves the region. Apart from this, hydroelectric and underground, which includes dams, tunnels and water related projects. Oil and Gas The oil and gas sector includes offshore and onshore projects.
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