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Afcons Infrastructure ipo 2024 Live: The IPO opened on October 25. It closes a day ahead of Diwali 2024 i.e. October 30. The issue has been subscribed to a total of 0.10 times. The retail buyers subscribed to the issue 0.14 times. The company wants to raise a sum of Rs 5,430 crore.
The allotment of shares is expected to be finalised on October 30. The listing will be likely on November 04. The company’s IPO price band ranges between Rs 440 to Rs 463 per equity share. The issue also has a reservation of up to 631,313 shares for employees, which are offered to them at a discount of Rs 44 to the issue price. ICICI Securities, Dam Capital Advisors (Formerly IDFC Securities), Jefferies India, Nomura Financial Advisory And Securities (India), Nuvama Wealth Management, and SBI Capital Markets are the book-running lead managers.
Live UpdatesAfcons Infrastructure IPO Date time price GMP Subscription Review Live Updates: GMP indicates listing gains 11:42 (IST) 28 Oct 2024 Afcons Infrastructure IPO 2024 Live: Afcons Infrastructure IPO Day-2 Subscription Status
As of 10:24 AM on the second day of bidding the initial public offering (IPO) of Afcons Infrastructure received a subscription of 0.15 times. The IPO attracted bids for 1,28,30,304 shares against the total offer of 8,66,19,950 shares, according to the latest data from the National Stock Exchange (NSE).
11:36 (IST) 28 Oct 2024 Afcons Infrastructure IPO 2024 Live: Afcons Infrastructure IPO
The initial public offering (IPO) of Afcons Infrastructure Ltd, part of the Shapoorji Pallonji group, has experienced a muted response from investors since its opening for public subscription on Friday. The Rs 5,430-crore IPO includes fresh shares worth up to Rs 1,250 crore, alongside an offer for sale (OFS) by the promoter amounting to Rs 4,180 crore. The IPO is set to conclude on October 29.
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