Afcons Infrastructure IPO Subscription Details on Day 1

25 Oct 2024 , 01:02 PM

The initial public offering (IPO) of Afcons Infrastructure Limited opened today, October 25, 2024, at 10:00 AM.

The IPO bidding period will run from October 25 to October 29, 2024. The price band for the IPO is set between ₹440 to ₹463 per equity share. The issue aims to raise ₹5,430 Crore through a combination of fresh shares and an offer for sale (OFS). One lot for bidding consists of 32 shares of Afcons Infrastructure.

By 12:45 PM on the first day, the IPO had been subscribed 0.04 times overall; the retail portion was 0.07 times and the non-institutional investor (NII) segment was 0.03 times subscribed. The expected allotment date for shares is October 30, 2024. Link Intime India Private Limited is the official registrar for this IPO.

Lead managers for the issue include ICICI Securities, Dam Capital Advisors, Jefferies India, Nomura Financial Advisory and Securities (India), Nuvama Wealth Management, and SBI Capital Markets.

The shares are proposed for listing on the BSE and NSE, with the anticipated listing date set for November 4, 2024, due to a stock market holiday on November 1 for Diwali 2024.