Afcon Infrastructure: As of October 30, the Afcons infrastructure IPO allotment is anticipated to finalize today.
Afcons Infrastructure IPO for subscribed 2.63 times on day 3 that reasons can be find out in strong interest from non institutional investors.
Meanwhile the grey market premium has been reduced by 3%.
What is Afcon Infrastructure?
Afcons infrastructure established in 1865, bye shapoorji pallonji group (SP Group) and Afcon Infrastructure have a strong presence in engineering construction infrastructure real state and financial services globally. Therefore making Afcons infrastructure IPO more important as it is a diversified portfolio in itself.
What can Afcon Infrastructure IPO mean to you?
Afcons infrastructure IPO was started from October 25 and ended on October 29. With the Afcons infrastructure IPO finalization on October 30 the price pant is set at 440 to 463 per share.
If you are a retail investor Afcons infrastructure IPO require you to invest minimum of 14816 where the minimum allotments size for sNII is 14 lots (448 shares), amounting 207,424 and for bNII, it is 68 lots amount to 1,007488.
Why Afcons infrastructure IPO can be a game changer for you?
Afcons infrastructure IPO is having ICICI securities ltd, SBI capital markets ltd, Dam capital advisors ltd as they are book running lead managers. Therefore, making it phenomena among investors., to maximize the yield of your portfolio today by Torrent Pharma, Reliance Industries, RITES limited, Fortis Healthcare and Sar Televenture limited.
Status of Afcons infrastructure IPO till now
The face value is 10 per share while the price pant is 442 463 per share, the total issues size is 117,278,618 shares aggregating up to 5430 crores while the fresh is shoes a mountain 26997840 shares aggregating up to 1250 crores. The offers for sale is 90280778 shares for 10 rupees aggravating up to 4180 crores. The listing is at BSE and NSE the issue type is book built issue and the employee discount is 44 per share.
Share holding pre issue is 340,738,269 and shareholding post issue is 367,737,109 .
The initiation of refund will start on Thursday 31st October with the credit of shares to demat also on 31st October. The listing date as of now is in 4th November and cut off time for UPI mandate confirmation was 5:00 p.m. on October 29 2024.
Why Investors are investing in Afcons Infrastructure?
Moreover the Afcons infrastructure IPO it seems promising for investors as Afcons Infrastructure have a legacy of over 6 takes and as of September 2023 Afcons have completed 76 projects across 15 countries with the executed contract value of Rs. 522.2 billion, and company has 67 active projects across 13 countries with total booking of Rs. 348.88 Billion.
With diversified book order across the geographic clients the IPO and its valuation are sensible for long term investors.
All in all Afcons infrastructure is global company mein going for its IPO which again went to decent subscription listing the confidence of investors in Afcons Infrastructure.
Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI registered advisor before investing anywhere.
Afcon Infrastructure
IPO
