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IPO-bound Afcons Infra sees record order inflow

LivemintLivemint · 10m 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 ₹11,400 crore ($1.5 billion) and emerged as the lowest bidder for ₹7,600 crore ($1 billion) of orders. These figures indicate an order inflow of about ₹19,000 crore ($2.5 billion) in H1 FY25, compared to ₹7,783 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.

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Startup Policy Forum launches CNPC to support IPO-bound startups in India

EntrackrEntrackr · 1m ago
Startup Policy Forum launches CNPC to support IPO-bound startups in India
Medial

Startup Policy Forum launches CNPC to support IPO-bound startups in India CNPC will facilitate regulatory dialogue, conduct training on compliance and governance, and enable peer learning and policy guidance for founders and CXOs. The Startup Policy Forum (SPF), an alliance of over 50 Indian new-age companies, has launched the Centre for New-Age Public Companies (CNPC) to support startups transitioning from private to public markets. The platform aims to address regulatory, governance, and market-readiness challenges as India sees a growing pipeline of IPO-ready startups. The CNPC was formally launched in the presence of SEBI Chairman Tuhin Kanta Pandey during a high-level meeting with 20 startup founders and leaders in Mumbai. The initiative comes at a time when nearly 40 startups, with a combined valuation exceeding $90 billion, are expected to go public in the coming years. “India’s capital markets are witnessing a structural shift, with new-age and tech-driven companies increasingly dominating IPO pipelines and investor interest. The Centre will enhance readiness and resilience of new-age companies as they enter and thrive in public markets,” said Shweta Rajpal Kohli, President and CEO, Startup Policy Forum. SPF’s membership includes listed startups like Swiggy, ixigo, Ather Energy, and MobiKwik, with others such as Meesho, Groww, Curefoods, Bluestone, and PhysicsWallah also preparing to list. The CNPC aims to build market confidence, improve capital market preparedness, and enable India’s next generation of public tech companies.

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