Summary Shapoorji Pallonji Group's AFCONS Infrastructure is preparing for its long-awaited IPO, which is a momentous event in India's infrastructure sector. From the company’s humble beginnings to Shapoorji Pallonji's rare listing move, we explore AFCONS' history, financials, and Shapoorji Pallonji’s unique reluctance to go public. --- Update on Afcons Infrastructure IPO - October 6, 2024 As of today, Afcons Infrastructure Limited is gearing up for its Initial Public Offering (IPO) in late October 2024 . The IPO is expected to raise between ₹7,000 crore and ₹8,000 crore , including a fresh issue of ₹1,250 crore , which will be used for debt repayment, purchasing construction equipment, and meeting working capital needs. A large portion of the offering will come from a secondary sale by the promoter, Goswami Infratech , which will use the proceeds to repay bondholders. A notable development is Afcons' plan to conduct a ₹4,000 crore pre-IPO placement , likely wit
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