Afcons Infrastructure Ltd, part of the Shapoorji Pallonji group, has received SEBI approval for a ₹7,000 crore initial public offering (IPO). The IPO will include a fresh issue of ₹1,250 crore and an offer for sale of ₹5,750 crore by Goswami Infratech. Afcons plans to use ₹150 crore for construction equipment, ₹350 crore for long-term working capital, and ₹500 crore to repay debt. The company operates in sectors like marine, surface transport, urban infrastructure, hydro projects, and oil and gas. In FY23, Afcons’ revenue grew 14.69% to ₹12,637 crore, with profits rising 14.89% to ₹411 crore.