Afcons Infrastructure IPO: The IPO of Afcons Infrastructure Ltd, the infrastructure engineering and construction company of Shapoorji Pallonji Group, has somehow managed to be fully subscribed. The IPO of Afcons Infrastructure has closed with 2.63 times subscription. 29 October 2024 was the last day to apply for IPO. The company plans to raise Rs 5430 crore through IPO.
Could not fill retail quota
According to BSE data, if we look at the subscription of Afcons Infrastructure’s IPO, 2,45,68,181 shares were reserved for institutional investors (Qualified Institutional Buyers) and applications for 9,31,44,800 shares were received for this category. . The category of institutional investors has been subscribed 3.79 times. 1,84,26,137 shares were reserved for the category of non-institutional investors and applications for 9,30,47,232 shares were received for this category and this category was subscribed a total of 5.05 times. The reserve quota for retail investors could not be filled completely. 4,29,94,319 shares were reserved for retail investors and applications were received for a total of 4,05,74,752 shares. This category could be filled only 0.94 times. The reserved category of employees has been subscribed 1.67 times.
Rs 440 – 463 per share price band
The IPO was opened on 25th October and 29th October was the last date to apply. The size of the IPO of Afcons Infrastructure Limited is Rs 5430 crore, in which Rs 1250 crore has been raised by issuing 2.7 crore new shares and Rs 4180 crore has been raised through 9.03 crore shares in offer for sale. Promoter company Goswami Infratech Limited has sold these shares in the offer for sale. The price band for IPO has been fixed at Rs 440 – 463 per share.
Listing possible on November 4
The basis of allotment will be decided on October 30, 2024. Refunds to investors will be issued on October 31, 2024. Shares will be transferred to the demat accounts of successful investors on 31st October itself. And the IPO will be listed on BSE-NSE on November 4, 2024.
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