Afcons Infra IPO has conducted its bidding dates from 25 October to 29 October with the price range of 440 to 463 and the issue size of 5430 crores.
The minimum and maximum investment limit was restricted at 32 shares and 416 shares.
Performance of Afcons Infra IPO
With concluding initial shares sale Afcons Infra IPO have witnessed a healthy response from participants with 2.63 times subscription.
Because the retail portion of Afcons Infra IPO went under subscribed, it results everyone would getting demanded shares at cutoff price.
According to InvestorGain, the shares of Afcons Infra but traded at -3 in the grey market, which accounts the price of share is 460 against 463.
How analyst gives the performance of Afcons Infra IPO?
Various analyst and exports have attributed the low subscription rate to the week listing games which participants expect from the issue.
Prashanth Tapse senior VP Research Analyst at Mehta Equities Ltd gives the possibility of negative listing as a opportunity to long term investors which are more focused on accumulating than gaining profit now.
What is Possible Future of Afcons Infra IPO and Traders Associated with Them?
Because of undersubscription and weak participation of retail investors in Afcons Infra IPO, analyst have been predicting a higher rate of accumulation by long term investors on the day one of listing as Afcons Infra IPO made they are share suffer from negative listing possibility.
Is It Possible to Make Profit from Afcons Infra IPO?
According to Prashanth Thapse, the long term rational to invest and hold is based upon the future growth and track of executing complex challenging projects both domestically and internationally.
All of it is aligned with Afcons Infra, along with stable financial performance and efficient management the company is bound to grow.
Aligning with Prashanth Thapse, Sagar Shetty who is research analyst at StarBox attributed the mute games because of weak market sentiment effect.
But it is important to note that there are other companies that similar track record and are in better position currently than Afcons Infra. Moreover, there might be better options even in long term for same industry than Afcons Infra.
In conclusion, Afcons Infra IPO had witnessed a under subscription which have cost even a negative listing of stocks in grey market, the analyst views it as weak participation from the retail investors which was likely caused by weak market sentiment. However, unless are expecting a accumulation of Afcons Infra stocks on the first day of listing by long term investors which which can earn them huge profit too.
Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI registered advisor before investing anywhere.
Afcons Infra IPO
