Afcons Infrastructure IPO allotment finalised: How to check status online on Link Intime India, NSE

Afcons Infrastructure IPO allotment status finalised: The share allotment status of Shapoorji Pallonji Group's flagship infrastructure engineering and construction firm, Afcons Infrastructure Limited, was finalised on Thursday, October 31.

During the bidding period, the ₹5,430 crore initial share sale, with a price range of ₹440-₹463 per share, was subscribed 2.63 times, receiving bids for 22.78 crore shares against 8.66 crore shares on offer.

Non-institutional investors (NIIs) subscribed 5.05 times the portion reserved for them, followed by qualified institutional buyers (QIBs), who subscribed 3.79 times, and retail investors, who subscribed 94%.

Afcons Infrastructure IPO allotment: How to check status online on NSE

• Open the allotment status page of NSE: www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login if you are a registered user. New users need to sign up.
• From the issue names drop-down list, select 'Afcons Infrastructure'.
• Fill in your IPO application number and PAN.
• Complete the captcha verification and 'Submit'.

Afcons Infrastructure IPO allotment: Steps to check status online on Link Intime India

• Go to Link Intime India's IPO page: https://linkintime.co.in/Initial_Offer/public-issues.html
• From the public issues, select 'Afcons Infrastructure Ltd'.
• Enter your application number, DP/Client ID, Account No/IFSC or PAN.
• Click on 'Submit'

Afcons Infrastructure IPO objective

The IPO is a mix of a fresh issuance of equity shares worth ₹1,250 crore as well as an offer for sale of up to ₹4,180 crore.

The net proceeds will be used to purchase construction equipment, meet long-term working capital requirements, repay debt, and for general corporate purposes.

Afcons Infrastructure IPO: Financials

Afcons Infrastructure IPO listing date and time

Shares of Afcons Infrastructure will likely debut on the NSE and the BSE on Monday, November 4 at 10 am.