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Afcons Infrastructure IPO 2024 Live: Afcons Infrastructure’s initial public offering (IPO) saw a strong subscription of 2.63 times on the final day of bidding, October 29. The initial share sale received bids for 22.78 crore shares against the 8.66 crore shares available, according to NSE data.
The non-institutional investor (NII) portion was particularly robust, with a subscription rate of 5.05 times, while the retail individual investors (RIIs) segment saw a subscription of 94%. The qualified institutional buyers (QIBs) portion received a subscription of 3.79 times, and employees subscribed to 1.67 times their reserved portion.
In the grey market, the Afcons Infra IPO’s grey market premium (GMP) has slipped, with shares currently commanding a GMP of Rs 18, indicating a listing premium of 3.89%.
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Afcons Infrastructure IPO Listing Date, Time, Price, GMP, Subscription, Review Live Updates
07:36 (IST) 30 Oct 2024 Afcons Infrastructure IPO 2024 Live: Afcons Infrastructure’s IPO subscribed 2.63 times
Afcons Infrastructure’s initial public offering (IPO) received a strong subscription of 2.63 times on the final day of bidding, October 29. According to NSE data, the share sale garnered bids for 22.78 crore shares against the 8.66 crore shares available.
The non-institutional investor (NII) portion saw a particularly high subscription rate of 5.05 times, while the retail individual investors (RIIs) segment was subscribed at 94%. The qualified institutional buyers (QIBs) portion received a subscription of 3.79 times, and employees subscribed to 1.67 times their reserved shares.
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