Its Last Day: Did You Subscribe to Afcons Infrastructure IPO?

On the last day of bidding, i.e. October 29, 2024 Afcons Infrastructure IPO witnessed an increased subscription from various sets of investors. Afcons Infrastructure IPO is a book-built issue of ₹5,430.00 crores. The issue is a combination of a fresh issue of 2.7 crore shares aggregating to ₹1,250.00 crores and an offer for sale of 9.03 crore shares aggregating to ₹4,180.00 crores.

Afcons Infrastructure IPO allotment is likely to be finalised on October 30, 2024. Afcons Infrastructure IPO will be listed on BSE and NSE with a tentative listing date as of  November 4, 2024. Afcons Infrastructure IPO price band has been set at ₹440 to ₹463 per share.  A retail investor is required to make a minimum investment of ₹14,816 for 1 lot of 32 shares.

At 10:27 AM on October 29, 2024, Afcons Infrastructure IPO GMP stood at ₹31. With a price band of ₹463.00, Afcons Infrastructure IPO’s estimated listing price is ₹494. The expected percentage gain/loss per share is 6.70%.

Afcons Infrastructure IPO Subscription

At 12:00 PM, Afcons Infrastructure IPO subscribed 0.87 times. The public issue subscribed 0.51 times in the retail category, 0.71 times in QIB, and 1.92 times in the NII category.

About Afcons Infrastructure Limited

Incorporated in 1959, Afcons Infrastructure Limited, a prominent member of the Shapoorji Pallonji Group, boasts a legacy of over six decades in infrastructure engineering and construction. As of September 30, 2023, the company has successfully completed 76 projects across 15 countries, achieving a remarkable total executed contract value of ₹522.20 billion. Afcons operates through five major business verticals:

1. Marine and Industrial Projects: This segment encompasses the construction of ports, harbor jetties, dry docks, wet basins, breakwaters, liquefied natural gas tanks, and material handling systems.
2. Surface Transport Projects: Focused on developing highways, roads, interchanges, mining-related infrastructure, and railways.
3. Urban Infrastructure Projects: Involving elevated and underground metro systems, bridges, flyovers, and elevated corridors.
4. Hydro and Underground Projects: Covering dams, barrages, tunnels (including large road tunnels), and irrigation systems.
5. Oil and Gas Projects: Engaging in both offshore and onshore oil and gas initiatives.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.