Afcons Infra and 4 others file IPO papers with regulator

Afcons Infrastructure, Quadrant Future Tek, Godavari Biorefineries, Enviro Infra Engineers and Shivalik Engineering Industries have received approval from the Securities and Exchange Board of India (Sebi) for their proposed initial public offerings (IPOs).

The regulator issued its final observations on the draft papers last week. Shapoorji Pallonji group's flagship infrastructure engineering and construction company, Afcons Infrastructure's IPO will comprise a fresh issue of ₹1,250 crore and an offer for sale of ₹5,750 crore by Goswami Infratech.

Shivalik Engineering IPO will comprise a fresh issue of ₹335 crore and an offer for sale of 41.3 lakh shares by promoters Giriraj Singhania and Raghvendra Singhania and other investors.


Godavari Biorefineries IPO will be a fresh issue of ₹325 crore and an offer for sale of 65.26 lakh shares by promoters Somaiya Agencies, Samir Shantilal Somaiya, Lakshmiwadi Mines and Minerals, Filmedia Communication Systems, Somaiya Properties and Investments and other public investors.

Enviro Infra Engineers' offer will be a fresh issue of ₹4.42 crore and an offer for sale of 52.68 lakh shares.

Quadrant Future Tek IPO will comprise a fresh issue of ₹275 crore. The company's products include specialty cables, train control systems and interconnect products.