Afcons Infrastructure Limited has released a statement confirming no deviation or variation in the utilization of proceeds raised through its Initial Public Offer (IPO) for the quarter ended September 30, 2025. The equity shares of the Company were listed on BSE Limited and National Stock Exchange of India Limited w.e.f November 4, 2024. This announcement ensures compliance with regulatory requirements.
No Deviation in IPO Proceeds
Afcons Infrastructure Limited, a company listed on both the BSE and NSE since November 4, 2024, has officially announced that there were no deviations or variations in the use of funds raised through its Initial Public Offer (IPO) for the quarter ended September 30, 2025.
Details of the IPO
The company raised ₹1,250 Crores through a fresh issue. Key dates for the IPO include:
- Anchor: 24th October, 2024
- Issue Period: 25th October 2024 to 29th October 2024
- Allotment of Equity Shares: 31st October, 2024
- Listed on: 04th November, 2024
Monitoring and Compliance
Crisil Ratings Limited served as the monitoring agency. The statement confirms that the company has adhered to its intended use of funds, maintaining full compliance for the reported quarter. The audit committee also reviewed and confirmed no comments. All objects for which funds have been raised remains consistent with the deviation.
Source: BSE
