The Indian IPO (Initial Public Offering) market remains abuzz ahead of the Deepawali festival, with several promising companies looking to get listed on the bourses. One such company - Afcons Infrastructure Limited - plans to raise up to Rs. 5,430 crores through its IPO comprising both an offer for sale and a fresh issue.

With the money raised, the engineering and construction company intends to purchase new equipment, fund long-term working capital requirements, and prepay a portion of its outstanding borrowings. Keep reading to know more details about the Afcons IPO and determine whether you should invest in it.