Date: October 24, 2024

To

Senior General Manager Vice President

Dept. of Listing Operations Listing Department
BSE Limited, National Stock Exchange of India Limited
P J Towers, Dalal Street, ‘Exchange Plaza’,
Mumbai -400001, India Bandra-Kurla Complex
Bandra (East), Mumbai 400 051

Dear Sir,

Sub: Proposed initial public offering of equity shares of face value of ₹10 each (the “Equity
Shares”) of Afcons Infrastructure Limited (the “Company”, and such initial public offering, the
“Offer”)

The Board of Directors of the Company at their meeting held on October 24, 2024, in consultation with
the 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 “Book Running Lead Managers” or “BRLMs”) has finalized allocation of
3,50,21,597 Equity Shares, to Anchor Investors at Anchor Investor allocation price of Rs. 463 per Equity
Share (including share premium of Rs. 453 per Equity Share) in the following manner:

Sr. No. Name of the Anchor Investor No. of % of Bid Price Total Amount
Equity Anchor Allocated at
Shares Investor (Rs. per the Anchor
allocated Portion Equity Share) Investor
Allocation
Price (Rs.)

1 MONETARY AUTHORITY OF SINGAPORE 13,39,072 3.82% 463 61,99,90,336

2 HDFC MUTUAL FUND - HDFC BUSINESS 6,52,384 1.86% 463 30,20,53,792

CYCLE FUND

3 HDFC MUTUAL FUND - HDFC DIVIDEND 2,57,504 0.74% 463 11,92,24,352

YIELD FUND
Sr. No. Name of the Anchor Investor No. of % of Bid Price Total Amount
Equity Anchor Allocated at
Shares Investor (Rs. per the Anchor
allocated Portion Equity Share) Investor
Allocation
Price (Rs.)

4 HDFC TRUSTEE COMPANY LIMITED - 4,29,184 1.23% 463 19,87,12,192

HDFC INFRASTRUCTURE FUND

5 ICICI PRUDENTIAL INFRASTRUCTURE 10,06,816 2.87% 463 46,61,55,808

FUND

6 ICICI PRUDENTIAL HOUSING 3,32,256 0.95% 463 15,38,34,528

OPPORTUNITIES FUND

7 PGGM WORLD EQUITY II B. V. 2,73,888 0.78% 463 12,68,10,144

8 NATIONAL PENSION SERVICE MANAGED 10,65,184 3.04% 463 49,31,80,192

BY BLACKROCK INSTITUTIONAL TRUST
COMPANY, NA

9 FIDELITY INVESTMENT TRUST FIDELITY 5,71,840 1.63% 463 26,47,61,920

EMERGING ASIA FUND

10 FIDELITY ADVISOR SERIES VIII - 2,48,704 0.71% 463 11,51,49,952

FIDELITY ADVISOR EMERGING ASIA
FUND

11 FIDELITY FAR EAST FUND 1,40,576 0.40% 463 6,50,86,688

12 GOLDMAN SACHS FUNDS - GOLDMAN 13,39,072 3.82% 463 61,99,90,336

SACHS INDIA EQUITY PORTFOLIO

13 THE MASTER TRUST BANK OF JAPAN, 13,39,072 3.82% 463 61,99,90,336

LTD. AS TRUSTEE OF HSBC INDIA
INFRASTRUCTURE EQUITY MOTHER
FUND

14 NOMURA FUNDS IRELAND PUBLIC 13,39,072 3.82% 463 61,99,90,336

LIMITED COMPANY- NOMURA FUNDS
IRELAND - INDIA EQUITY FUND

15 NIPPON LIFE INDIA TRUSTEE LTD-A/C 6,69,536 1.91% 463 30,99,95,168

NIPPON INDIA SMALL CAP FUND

16 NIPPON LIFE INDIA TRUSTEE LTD-A/C 5,35,616 1.53% 463 24,79,90,208

NIPPON INDIA MULTI CAP FUND
Sr. No. Name of the Anchor Investor No. of % of Bid Price Total Amount
Equity Anchor Allocated at
Shares Investor (Rs. per the Anchor
allocated Portion Equity Share) Investor
Allocation
Price (Rs.)

17 NIPPON LIFE INDIA TRUSTEE LTD-A/C 1,33,920 0.38% 463 6,20,04,960

NIPPON POWER & INFRA FUND

18 BNP PARIBAS TRUST SERVICES 13,39,072 3.82% 463 61,99,90,336

SINGAPORE LIMITED AS TRUSTEE OF
FULLERTON ALPHA - ASIA FOCUS
EQUITIES FUND

19 SHAMYAK INVESTMENT PRIVATE 13,39,072 3.82% 463 61,99,90,336

LIMITED

20 ADITYA BIRLA SUN LIFE TRUSTEE 11,01,504 3.15% 463 50,99,96,352

PRIVATE LIMITED A/C ADITYA BIRLA
SUN LIFE FRONTLINE EQUITY FUND

21 ADITYA BIRLA SUN LIFE TRUSTEE 1,29,600 0.37% 463 6,00,04,800

PRIVATE LIMITED A/C ADITYA BIRLA
SUN LIFE INFRASTRUCTURE FUND

22 MIRAE ASSET ELSS TAX SAVER FUND 8,64,000 2.47% 463 40,00,32,000

23 MIRAE ASSET MULTICAP FUND 3,67,104 1.05% 463 16,99,69,152

24 QUANT MUTUAL FUND - QUANT LARGE 12,31,104 3.52% 463 57,00,01,152

CAP FUND

25 INEVSCO INDIA SMALLCAP FUND 8,63,936 2.47% 463 40,00,02,368

26 INVESCO INDIA INFRASTRUCTURE FUND 3,67,168 1.05% 463 16,99,98,784

27 EAST BRIDGE CAPITAL MASTER FUND I 10,79,936 3.08% 463 50,00,10,368

LTD

28 AMUNDI FUNDS ASIA EQUITY 1,72,768 0.49% 463 7,99,91,584

CONCENTRATED

29 AMUNDI FUNDS NEW SILK ROAD 6,91,168 1.97% 463 32,00,10,784

30 INVESCO INDIA EQUITY FUND 8,63,936 2.47% 463 40,00,02,368

31 NHIT: GLOBAL EMERGING MARKETS 4,55,520 1.30% 463 21,09,05,760

EQUITY TRUST
Sr. No. Name of the Anchor Investor No. of % of Bid Price Total Amount
Equity Anchor Allocated at
Shares Investor (Rs. per the Anchor
allocated Portion Equity Share) Investor
Allocation
Price (Rs.)

32 DESTINATIONS INTERNATIONAL EQUITY 4,08,416 1.17% 463 18,90,96,608

FUND, A SERIES OF BRINKER CAPITAL
DESTINATIONS TRUST

33 HDFC LIFE INSURANCE COMPANY 8,20,736 2.34% 463 38,00,00,768

LIMITED

34 360 ONE INDIA PRIVATE EQUITY FUND 2,16,000 0.62% 463 10,00,08,000

35 360 ONE SPECIAL OPPORTUNITIES FUND - 2,16,000 0.62% 463 10,00,08,000

SERIES 9

36 360 ONE SPECIAL OPPORTUNITIES FUND - 2,15,968 0.62% 463 9,99,93,184

SERIES 10

37 MANULIFE GLOBAL FUND - INDIA 6,47,968 1.85% 463 30,00,09,184

EQUITY FUND

38 MIRAE ASSET INDIA BLUE CHIP EQUITY 2,27,744 0.65% 463 10,54,45,472
MASTER INVESTMENT TRUST

39 MIRAE ASSET INDIA SECTOR LEADER 3,66,240 1.05% 463 16,95,69,120

EQUITY FUND

40 WHITEOAK CAPITAL FLEXI CAP FUND 3,04,640 0.87% 463 14,10,48,320

41 WHITEOAK CAPITAL MID CAP FUND 1,84,032 0.53% 463 8,52,06,816

42 WHITEOAK CAPITAL MULTI CAP FUND 94,496 0.27% 463 4,37,51,648

43 ASHOKA WHITEOAK ICAV - ASHOKA 5,39,968 1.54% 463 25,00,05,184

WHITEOAK INDIA OPPORTUNITIES FUND

44 BARODA BNP PARIBAS BALANCED 6,26,368 1.79% 463 29,00,08,384

ADVANTAGE FUND

45 LIC MF LARGE & MID CAP FUND 1,46,336 0.42% 463 6,77,53,568

46 LIC MF INFRASTRUCTURE FUND 1,46,336 0.42% 463 6,77,53,568

47 LIC MF MULTI CAP FUND 1,24,864 0.36% 463 5,78,12,032

Sr. No. Name of the Anchor Investor No. of % of Bid Price Total Amount
Equity Anchor Allocated at
Shares Investor (Rs. per the Anchor
allocated Portion Equity Share) Investor
Allocation
Price (Rs.)

48 LIC MF SMALL CAP FUND 1,24,864 0.36% 463 5,78,12,032

49 LIC MF BALANCED ADVANTAGE FUND 83,968 0.24% 463 3,88,77,184

50 ACTIVE EMERGING MARKETS EQUITY 5,39,968 1.54% 463 25,00,05,184

FUND

51 JUPITER INDIA FUND 4,76,832 1.36% 463 22,07,73,216

52 THE JUPITER GLOBAL FUND-JUPITER 1,71,136 0.49% 463 7,92,35,968

INDIA SELECT

53 DUNHAM EMERGING MARKETS STOCK 2,16,000 0.62% 463 10,00,08,000

FUND

54 PRIVATE CLIENT EMERGING MARKETS 3,23,968 0.93% 463 14,99,97,184

PORTFOLIO

55 ICICI PRUDENTIAL LIFE INSURANCE 4,31,968 1.23% 463 20,00,01,184

COMPANY LIMITED

56 ABAKKUS DIVERSIFIED ALPHA FUND-2 4,31,968 1.23% 463 20,00,01,184

57 OAKTREE EMERGING MARKETS EQUITY 3,51,584 1.00% 463 16,27,83,392

FUND, L.P.

58 THINK INDIA OPPORTUNITIES MASTER 3,24,000 0.93% 463 15,00,12,000

FUND LP

59 HELIOS FLEXI CAP FUND 2,59,200 0.74% 463 12,00,09,600

60 MAHINDRA MANULIFE MANUFACTURING 2,37,600 0.68% 463 11,00,08,800

FUND

61 TRUST MUTUAL FUND - TRUST MF FLEXI 2,17,900 0.62% 463 10,08,87,700

CAP FUND

62 EDELWEISS LIFE INSURANCE COMPANY 2,16,950 0.62% 463 10,04,47,850

LIMITED

63 CARNELIAN BHARAT AMRITKAAL FUND . 2,16,000 0.62% 463 10,00,08,000

Sr. No. Name of the Anchor Investor No. of % of Bid Price Total Amount
Equity Anchor Allocated at
Shares Investor (Rs. per the Anchor
allocated Portion Equity Share) Investor
Allocation
Price (Rs.)

64 FLORIDA RETIREMENT SYSTEM - 2,16,000 0.62% 463 10,00,08,000

ALLSPRING GLOBAL INVESTMENTS, LLC
(EMSC)

65 SUN LIFE ADITYA BIRLA INDIA FUND 2,16,000 0.62% 463 10,00,08,000

66 CHARTERED FINANCE & LEASING 1,08,032 0.31% 463 5,00,18,816

LIMITED

67 SOCIETE GENERALE - ODI 2,16,000 0.62% 463 10,00,08,000

68 BNP PARIBAS FINANCIAL MARKETS - ODI 2,16,000 0.62% 463 10,00,08,000

69 TOCU EUROPE III S.A R.L. 1,73,750 0.50% 463 8,04,46,250

70 SBI GENERAL INSURANCE COMPANY 1,08,918 0.31% 463 5,04,29,034

LIMITED

71 NUVAMA PRIVATE INVESTMENTS TRUST 1,08,950 0.31% 463 5,04,43,850

- NUVAMA CROSSOVER OPPORTUNITIES
FUND - SERIES III

72 GAM MULTISTOCK - EMERGING 2,16,000 0.62% 463 10,00,08,000

MARKETS EQUITY

73 OPTIMIX WHOLESALE GLOBAL 2,16,000 0.62% 463 10,00,08,000

EMERGING MARKETS SHARE TRUST

74 TAURUS FLEXI CAP FUND 98,150 0.28% 463 4,54,43,450

75 TITCO LTD. TAURUS MUTUAL FUND 10,800 0.03% 463 50,00,400

TAURUS INFRASTRUCTURE FUND

76 ITI MID CAP FUND 54,950 0.16% 463 2,54,41,850

77 ITI MULTI CAP FUND 54,000 0.15% 463 2,50,02,000

78 RELIANCE NIPPON LIFE INSURANCE CO 2,16,000 0.62% 463 10,00,08,000

LIMITED

79 MORGAN STANLEY ASIA (SINGAPORE) 1,90,295 0.54% 463 8,81,06,585

PTE. - ODI
 Sr. No. Name of the Anchor Investor No. of % of Bid Price Total Amount
Equity Anchor Allocated at
Shares Investor (Rs. per the Anchor
allocated Portion Equity Share) Investor
Allocation
Price (Rs.)

80 ZETA GLOBAL FUNDS (OEIC) PCC 1,52,150 0.43% 463 7,04,45,450

LIMITED-ZETA SERIES B FUND PC

Total 3,50,21,597 100.00% 16,21,49,99,411

Out of the total allocation of 3,50,21,597 Equity Shares to the Anchor Investors, 1,17,10,136 Equity
Shares (i.e. 33.44% of the total allocation to Anchor Investors) were allocated to 15 domestic mutual
funds through a total of 31 schemes. Set forth below is the scheme-wise details of the mutual funds:

Total Amount
No. of % of Bid Price Allocated at
Equity Anchor the Anchor
Sr. No. Name of the Mutual Fund Scheme
Shares Investor (Rs. per Equity Investor
allocated Portion Share) Allocation
Price (Rs.)

HDFC MUTUAL FUND - HDFC BUSINESS

1 6,52,384 1.86% 463 30,20,53,792
CYCLE FUND

HDFC MUTUAL FUND - HDFC DIVIDEND

2 2,57,504 0.74% 463 11,92,24,352
YIELD FUND

HDFC TRUSTEE COMPANY LIMITED -

3 4,29,184 1.23% 463 19,87,12,192
HDFC INFRASTRUCTURE FUND

ICICI PRUDENTIAL INFRASTRUCTURE

4 10,06,816 2.87% 463 46,61,55,808
FUND

ICICI PRUDENTIAL HOUSING

5 3,32,256 0.95% 463 15,38,34,528
OPPORTUNITIES FUND

NIPPON LIFE INDIA TRUSTEE LTD-A/C

6,69,536 1.91% 463 30,99,95,168
6 NIPPON INDIA SMALL CAP FUND

NIPPON LIFE INDIA TRUSTEE LTD-A/C

5,35,616 1.53% 463 24,79,90,208
7 NIPPON INDIA MULTI CAP FUND

NIPPON LIFE INDIA TRUSTEE LTD-A/C

1,33,920 0.38% 463 6,20,04,960
8 NIPPON POWER & INFRA FUND
 Total Amount
No. of % of Bid Price Allocated at
Equity Anchor the Anchor
Sr. No. Name of the Mutual Fund Scheme
Shares Investor (Rs. per Equity Investor
allocated Portion Share) Allocation
Price (Rs.)

ADITYA BIRLA SUN LIFE TRUSTEE

PRIVATE LIMITED A/C ADITYA BIRLA 11,01,504 3.15% 463 50,99,96,352
9 SUN LIFE FRONTLINE EQUITY FUND

ADITYA BIRLA SUN LIFE TRUSTEE

PRIVATE LIMITED A/C ADITYA BIRLA 1,29,600 0.37% 463 6,00,04,800
10 SUN LIFE INFRASTRUCTURE FUND

11 MIRAE ASSET ELSS TAX SAVER FUND 8,64,000 2.47% 463 40,00,32,000

12 MIRAE ASSET MULTICAP FUND 3,67,104 1.05% 463 16,99,69,152

QUANT MUTUAL FUND - QUANT LARGE

12,31,104 3.52% 463 57,00,01,152
13 CAP FUND

14 INEVSCO INDIA SMALLCAP FUND 8,63,936 2.47% 463 40,00,02,368

15 INVESCO INDIA INFRASTRUCTURE FUND 3,67,168 1.05% 463 16,99,98,784

16 WHITEOAK CAPITAL FLEXI CAP FUND 3,04,640 0.87% 463 14,10,48,320

17 WHITEOAK CAPITAL MID CAP FUND 1,84,032 0.53% 463 8,52,06,816

18 WHITEOAK CAPITAL MULTI CAP FUND 94,496 0.27% 463 4,37,51,648

BARODA BNP PARIBAS BALANCED

6,26,368 1.79% 463 29,00,08,384
19 ADVANTAGE FUND

20 LIC MF LARGE & MID CAP FUND 1,46,336 0.42% 463 6,77,53,568

21 LIC MF INFRASTRUCTURE FUND 1,46,336 0.42% 463 6,77,53,568

22 LIC MF MULTI CAP FUND 1,24,864 0.36% 463 5,78,12,032

23 LIC MF SMALL CAP FUND 1,24,864 0.36% 463 5,78,12,032

24 LIC MF BALANCED ADVANTAGE FUND 83,968 0.24% 463 3,88,77,184

25 HELIOS FLEXI CAP FUND 2,59,200 0.74% 463 12,00,09,600

MAHINDRA MANULIFE MANUFACTURING

2,37,600 0.68% 463 11,00,08,800
26 FUND
 Total Amount
No. of % of Bid Price Allocated at
Equity Anchor the Anchor
Sr. No. Name of the Mutual Fund Scheme
Shares Investor (Rs. per Equity Investor
allocated Portion Share) Allocation
Price (Rs.)

TRUST MUTUAL FUND - TRUST MF FLEXI

2,17,900 0.62% 463 10,08,87,700
27 CAP FUND

28 TAURUS FLEXI CAP FUND 98,150 0.28% 463 4,54,43,450

TITCO LTD. TAURUS MUTUAL FUND

10,800 0.03% 463 50,00,400
29 TAURUS INFRASTRUCTURE FUND

30 ITI MID CAP FUND 54,950 0.16% 463 2,54,41,850

31 ITI MULTI CAP FUND 54,000 0.15% 463 2,50,02,000

Total 1,17,10,136 5,42,17,92,968

All capitalized terms used and not defined herein shall have the respective meanings assigned to them in
the red herring prospectus dated October 18, 2024 filed with the Registrar of Companies, Maharashtra at
Mumbai read with addendum to the red herring prospectus dated October 22, 2024 and the corrigenda to
the red herring prospectus dated October 19, 2024 and October 23, 2024 (the “RHP”).

We request you to make the above information public by disclosing the same on your website.

Thanking You,

For Afcons Infrastructure Limited

GAURANG Digitally signed by
GAURANG
MAHESHCHA MAHESHCHANDRA
NDRA PAREKH
Date: 2024.10.24
PAREKH 21:39:05 +05'30'
Name: Gaurang Parekh
Designation: Company Secretary and Compliance Officer
cc: Securities and Exchange Board of India
Corporation Finance Department,
Division of Issues and Listing,
Plot No. C4 A, G Block
Bandra Kurla Complex, Bandra (East)
Mumbai 400 051, India