Afcons Infrastructure Share Listing: Shares of Afcons Infrastructure have shown disappointing listings on BSE and NSE today. Shares of Afcons Infrastructure are listed today at Rs 426 per share and this is listed at a discount of 8 percent from the issue price. This means that the shares have been listed at a level 8 percent below the price band of Rs 463 per share kept in the IPO.
How was the listing of Afcons Infrastructure on BSE?
Shares of Afcons Infrastructure have been listed on BSE at Rs 430.05 per share with a discount of 7.12 percent. This is somewhat better than the listing of its shares on NSE but still investors have not been able to get profits from it.
Afcons Infrastructure shares near IPO price
Today the shares of Afcons Infrastructure were priced up to Rs 461.70 per share but its shares could not touch the IPO price of Rs 463 till 11 am. If we look at its day range, at the bottom the price had gone up to Rs 420.25 per share and at the top it had reached Rs 461.70 per share.
Congratulations Afcons Infrastructure Limited on getting listed on NSE today. Afcons Infrastructure Limited is an infrastructure engineering and construction company of the Shapoorji Pallonji group, with a legacy of over six decades. The Public issue was of INR 5,430.00 Cr.… pic.twitter.com/gpGEhWX6ik
— NSE India (@NSEIndia) November 4, 2024
Afcons Infrastructure’s IPO received lukewarm response from investors
Afcons Infrastructure is the flagship company of Shapoorji Pallonji Group and its IPO received a lukewarm response from investors. Its IPO opened on 25 October and closed on 29 October. The price band of Rs 440 – 463 per share was fixed in the IPO. In the IPO of Afcons Infrastructure, the category of institutional investors was subscribed 3.79 times while the category of non-institutional investors got a total subscription of 5.05 times. In this IPO, the reserve quota for retail investors could not be filled completely and this category could be filled only 0.94 times. Whereas the reserved category for the company’s employees has been able to get 1.67 times subscription.
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