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Nov 24, 2024

Afcons Infrastructure Limited and its promoters, including Goswami Infratech Private Limited, on the initial public offering by Afcons.

AZB & Partners recently advised Afcons Infrastructure Limited (“Afcons”) and its promoters, including the promoter selling shareholder, Goswami Infratech Private Limited, on the initial public offering by Afcons (“IPO”).

The IPO was undertaken by way of a fresh issue and an offer for sale, and aggregated to ₹ 54.30 billion, which is the largest IPO by an EPC infrastructure company in India.

The book running lead managers to the Offering were ICICI Securities Limited, DAM Capital Advisors Limited, Jefferies India Private Limited, Nomura Financial Advisory and Securities (India) Private Limited, Nuvama Wealth Management Limited and SBI Capital Markets Limited.

The AZB team comprised our Senior Partners, Varoon Chandra and Lionel D’Almeida; our Partner, Rahul Aggarwal; our Senior Associate, Rajat Chadha; and our Associates, Tanaiy Tewari, Harsh Vardhan Singh, Damini Mathur and Vaibhav Kumar Shah.

 

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These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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