Afcons Infrastructure’s IPO has garnered significant attention, closing with strong subscription figures as it heads towards allotment finalization today, October 30, 2024. Here’s a detailed look at the key aspects of the IPO:
Afcons Infrastructure Subscription Details
- Total Subscription: The IPO was subscribed 2.63 times by the end of the offering period on October 29, 2024.
- Bids Received: Afcons Infrastructure’s IPO saw bids for approximately 22,78,13,728 shares against an offer of 8,66,19,950 shares.
- Investor Categories:
- Non-Institutional Investors (NIIs): Subscribed 5.05 times.
- Qualified Institutional Buyers (QIBs): Subscribed 3.79 times.
- Retail Individual Investors (RIIs): Subscribed nearly 94%.
Afcons Infrastructure Grey Market Premium (GMP)
As of October 30, 2024, at 06:03 AM, the Grey Market Premium for Afcons Infrastructure shares stands at ₹0. This places the estimated listing price at ₹463, equivalent to the upper end of the IPO price band. As such, the expected percentage gain or loss per share is 0.00%.
Allotment Information on Afcons Infrastructure IPO
The allotment results for the Afcons Infrastructure IPO are set to be finalized today. Investors can check their allotment status through the BSE website or other financial service platforms.
How to Check Allotment Status
To check the allotment status of your Afcons Infrastructure IPO application:
- Visit the BSE website.
- Navigate to the “IPO Allotment Status” section.
- Select “Afcons Infrastructure Limited” from the dropdown menu.
- Enter your application number and PAN ID.
- Click “Submit” to view your allotment status.
Upcoming Dates
- Credit of Shares to Demat Accounts: Scheduled for October 31, 2024.
- Listing Date: Expected on November 4, 2024.
Afcons Infrastructure plans to use the funds raised from this IPO for various purposes, including purchasing construction equipment and repaying debt. The strong subscription figures reflect investor confidence in the company’s growth potential within the infrastructure sector.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should perform due diligence before making investment decisions
