The IPO of Afcons Infrastructure Ltd, the flagship infrastructure company of the Shapoorji Pallonji Group, has received a favorable response from investors. The bidding period, which ran from October 25 to 29, has closed, and today marks the crucial date for finalizing the share allotment.
Key Dates and Allotment Process
- Bidding Period: October 25 – 29, 2024
- Allotment Finalization: October 31, 2024
- Shares Credited: October 31, 2024
- Official Listing: November 4, 2024, on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Successful applicants will see their equity shares credited to their demat accounts today, while refunds for unsuccessful bidders will also be processed.
IPO Details
- Price Band: ₹440 to ₹463 per share
- Total Amount Raised: ₹5,430 crore, comprising:
- Fresh Issue: ₹1,250 crore (2.7 crore equity shares)
- Offer for Sale: ₹4,180 crore (9.03 crore shares)
Subscription Figures
The IPO witnessed robust demand, being subscribed 2.63 times overall:
- Retail Investors: 94% subscription rate
- Qualified Institutional Buyers (QIBs): Oversubscribed by 3.79 times
- Non-Institutional Investors (NIIs): Oversubscribed by 5.05 times
Grey Market Premium (GMP)
The grey market premium for Afcons Infrastructure shares is currently ₹0, indicating that shares are expected to list at the issue price of ₹463, suggesting stable market interest.
How to Check Allotment Status
Investors can check their allotment status online through the following methods:
- On BSE:
- Visit the BSE allotment status page.
- Select ‘Equity’ as the Issue Type.
- Choose ‘Afcons Infrastructure Limited’ from the dropdown menu.
- Enter your Application Number or PAN.
- Complete the CAPTCHA verification and click ‘Search’.
- On Link Intime:
- Go to Link Intime’s IPO registrar website.
- Select ‘Afcons Infrastructure Limited’ from the dropdown.
- Choose between PAN, Application Number, DP ID, or Account Number.
- Input the required details and click ‘Search’.
The IPO’s underwriting is led by major financial institutions, including ICICI Securities, Dam Capital Advisors Ltd, Jefferies India, and SBI Capital Markets, reflecting strong confidence in the offering.
Disclaimer: This information is for informational purposes only and should not be construed as investment advice. The performance of the Afcons Infrastructure IPO, including subscription rates and market trends, is subject to change and may not reflect future results. Investors should conduct their own research and consult with financial advisors before making investment decisions. The author or publisher does not assume any liability for financial losses or other consequences arising from the use of this information.
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