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IPO-bound Afcons Infra sees record order inflow

LivemintLivemint ยท 1y ago
IPO-bound Afcons Infra sees record order inflow
Medial

Construction firm Afcons Infrastructure Ltd, part of the Shapoorji Pallonji Group, has recorded a surge in new orders, surpassing its previous highest annual business inflow in the first half of FY25. The company has garnered new orders worth โ‚น11,400 crore ($1.5 billion) and emerged as the lowest bidder for โ‚น7,600 crore ($1 billion) of orders. These figures indicate an order inflow of about โ‚น19,000 crore ($2.5 billion) in H1 FY25, compared to โ‚น7,783 crore ($1 billion) in FY24. Afcons' credit lines from lenders have enabled increased bank guarantees, allowing for aggressive bidding and project execution. Following its IPO, the company plans to retire high-interest debt and enhance its banking limits.

Related News

In a Conservative Pitch to Investors, Afcons says focus on high-margin EPC biz

LivemintLivemint ยท 1y ago
In a Conservative Pitch to Investors, Afcons says focus on high-margin EPC biz
Medial

Shapoorji Pallonji Group's subsidiary, Afcons, is taking a conservative approach ahead of its upcoming IPO. The company, which specializes in high-margin engineering, procurement, and construction (EPC) projects, has seen steady revenue growth and healthy cash flows by focusing on technologically complex projects with low competition. Unlike its peers, Afcons will not diversify into other industries but is open to diversification within the EPC sector. With an order book of INR 32,556 crore ($4.36 billion) and a significant portion of government contracts, the company sees ample business opportunities in the infrastructure EPC segment. Afcons plans to raise INR 7,000 crore ($938 million) through the IPO, with a portion allocated for debt repayment and working capital.

IPO-bound Unicommerce on overseas expansion spree

Economic TimesEconomic Times ยท 1y ago
IPO-bound Unicommerce on overseas expansion spree
Medial

IPO-bound SaaS platform Unicommerce is expanding its overseas operations by adding more clients in Singapore, the Philippines, Indonesia, UAE, and Saudi Arabia. The company already serves 46 clients in these markets, including Redtag, Edamama, and RSA Global. Unicommerce offers e-commerce enablement solutions and its product portfolio includes order management, warehouse and inventory management, and omnichannel retail management systems. It provides local taxation support, language-specific invoices, and shipping label generation for international clients. Unicommerce is the only profitable company among the top five players in its segment in India. The IPO is expected to raise around Rs 500 crore.

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