Market News
4 min read | Updated on October 29, 2024, 21:14 IST
SUMMARY
The ₹5,430-crore IPO consists of a fresh issue of 2.7 crore shares, worth ₹1,250 crore, and an offer-for-sale (OFS) component of 9.03 crore shares, amounting to ₹4,180 crore. The IPO listing date has been tentatively fixed as November 4. Shares of Afcons Infrastructure will be listed on the NSE and BSE on Monday, November 4.
Afcons Infrastructure IPO allotment: Here’s how to check status on NSE, Link Intime India
Afcons Infrastructure IPO share allotment status is expected to be finalised on Wednesday, October 30, after the successful subscription of the issue.
The mainboard IPO closed with decent demand on Tuesday, October 29, the last day of bidding. The initial public offering of the Shapoorji Pallonji Group company was subscribed 2.63 times, driven by high demand from Non-Institutional Investors (NIIs). The IPO received bids for over 22.77 crore shares against more than 8.66 crore shares on offer across investor categories.
The ₹5,430-crore IPO consists of a fresh issue of 2.7 crore shares, worth ₹1,250 crore, and an offer-for-sale (OFS) component of 9.03 crore shares, amounting to ₹4,180 crore.
Investors who participated in the Afcons Infrastructure IPO subscription can check the share allotment status on the websites of the issue registrar, Link Intime India. Additionally, the allotment status can be checked through the NSE and BSE portals.
Alternatively, you can also check the Afcons Infrastructure IPO allotment status on the BSE by using your PAN and application number.
Afcons Infrastructure IPO was booked 94% in the retail category with bids for 4.05 crore shares against nearly 4.3 crore shares reserved for the segment. The Non-Institutional Investors (NIIs) booked their quota 5.05 times with applications for 9.3 crore shares against 1.84 crore shares set aside for the category. The Qualified Institutional Buyers (QIBs) applied for 9.31 crore shares against 2.45 lakh shares reserved for them. The QIBs’ category was booked 3.79 times, as per the NSE data.
The company's employees subscribed to their quota 1.67 times, with bids for 10.55 lakh shares against 6.31 lakh shares set aside for them.
Afcons Infrastructure IPO price band was fixed at ₹440 to ₹463 per share. Retail investors were allowed to apply for a minimum of one lot comprising 32 shares. The minimum bid size amounted to an investment of ₹14,816. For small institutional investors (sNII), the minimum investment was 14 lots (448 shares), aggregating to ₹2,07,424, while for big institutional investors (bNIIs), the application size was 68 lots (2,176 shares) worth ₹10,07,488.
After the IPO share allocation, the company will initiate refunds and transfer of shares to the Demat accounts on Thursday, October 31. The IPO listing date has been tentatively fixed as November 4. Shares of Afcons Infrastructure will be listed on the NSE and BSE on Monday, November 4.
Afcons Infrastructure Limited, established in 1959, is a Shapoorji Pallonji Group company. The firm is a leading player in the infrastructure engineering and construction sector. With operations in Asia, Africa, and the Middle East, the company has a significant global footprint.
Related News
About The Author
Next Story