Afcons Infrastructure IPO GMP, Price Band, Open Date, Allotment Status

Afcons Infrastructure IPO GMP quotation is Rs 60. The upper price band is Rs 463. The latest grey market premium is Rs 60. After the release of the IPO issue date GMP quote may fluctuate as per the market sentiment.

Afcons Infrastructure IPO opens on 25 October and closes on 29 October 2024. This new IPO is a book-built issue of Rs 5,430 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 1250 crore and remaining is the offer for sale of Rs 4,180 crore.

Also Read | Godavari Biorefineries IPO GMP, Price Band, Open Date, Allotment Status

Afcons Infrastructure IPO GMP

Afcons Infrastructure IPO GMP quotation is Rs 60. You can check the latest GMP price from the first day of subscription. If the subscription got oversubscribed then Afcons Infrastructure IPO GMP might rise in the coming days.

Afcons Infrastructure IPO Price Band

Afcons Infrastructure IPO price band is set at Rs 440 to Rs 463 per share. The minimum amount of investment for the retail category is to be around Rs 14,816 and for small NII minimum investment is to be around Rs 2,07,400. The minimum investment for the Big NII is to be around Rs 10,07,488.

Afcons Infrastructure IPO Allotment Status

Afcons Infrastructure IPO allotment status will be released on Wednesday, October 30, 2024.

The listing will be on the BSE, NSE platform on Monday, November 4, 2024. The registrar of this IPO is Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

Afcons Infrastructure IPO Listing Date

Afcons Infrastructure IPO listing date is decided on Monday, November 4, 2024. The Listing will be on both the exchanges NSE and BSE. Retail investors can sell the shares after 10 AM on the listing day.

Afcons Infrastructure IPO: Listing Date , Lot Size, Price Band

Afcons Infrastructure Limited: About the Company

Afcons Infrastructure Limited was incorporated in 1959, is an infrastructure engineering and construction company of the Shapoorji Pallonji group. The company has five major infrastructure business verticals.

1) Marine and industrial projects include covering ports, harbor jetties, dry docks, wet basins, breakwaters, outfall and intake structures, liquefied natural gas tanks, and material handling systems. 2) Surface transport projects cover highways, roads, interchanges, mining-related infrastructure, and railways. 3) Urban infrastructure projects include elevated and underground metro works, bridges, flyovers, and elevated corridors. 4) Hydro and underground projects cover dams, barrages, tunnels (including large road tunnels), and underground works, water, and irrigation. 5) Oil and gas projects cover both offshore and onshore oil and gas projects.

Afcons Infrastructure IPO Objectives

Afcons Infrastructure IPO objective is to do capital expenditure toward the purchase of construction equipment. Funding the day-to-day capital needs of the company. The remaining money will be used for repayment of past borrowings and fulfilling the general corporate purposes.

Afcons Infrastructure IPO: Key Dates, Allotment, Listing Date

Afcons Infrastructure IPO Subscription Details, IPO Reservation

Afcons Infrastructure IPO subscription details will be available after the IPO opens on 25 October 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non Institutional investors.

Afcons Infrastructure IPO Lot Size Details

Afcons Infrastructure, IPO lot size, is set at 32 shares per lot. For retail, the minimum lot size is 1 lot, amounting to be around Rs 14,816, and the maximum is 13 lots, amounting to be around Rs 1,92,608. For small HNI, the minimum lot size is 14, amounting to be around Rs 2,07,424.

Afcons Infrastructure IPO Promoter Holdings

Afcons Infrastructure IPO promoters are Goswami Infratech Private Limited, Shapoorji Pallonji & Company Private Limited and Floreat Investments Private Limited. The promoters' shareholdings before the IPO were 99.48%; however, after the IPO, shareholdings will decline.

Afcons Infrastructure Limited Company Financials (Amt in Crore)

Afcons Infrastructure Limited posted revenue of Rs 13,646 crore and net profit 449.76 of Rs  crore for the period ending on 31 Mar 2024. The company’s revenue increased by 6% and PAT rose by 9% between the FY ending on 31 March 2024 and 31 March 2023.

Afcons Infrastructure IPO Registrar

Afcons Infrastructure IPO registrar is Link Intime India Private Limited. On the date of allotment, Investors can click on Link Intime India and select the name of the company and enter PAN number or application ID to know their allotment status.

Afcons Infrastructure IPO Lead Managers

Afcons Infrastructure IPO lead managers are ICICI Securities Limited, Dam Capital Advisors Limited, Jefferies India Private Limited, Nomura Financial Advisory And Securities Private Limited, Nuvama Wealth Management Limited and SBI Capital Markets Limited.

How to apply to Afcons Infrastructure IPO

Interested investors can apply to the Afcons Infrastructure IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

Afcons Infrastructure IPO Review

Afcons Infrastructure IPO may get a positive response from the general public. The company is involved in the Engineering and construction sector. So, investors interested in the construction sector can apply to this IPO. This upcoming IPO is expected to witness an oversubscription in the last bidding date. Moreover, if the IPO gets a positive response then Afcons Infrastructure IPO GMP will also rise.

Afcons Infrastructure IPO FAQ

1. What are the details of the Afcons Infrastructure IPO?

Afcons Infrastructure IPO is a book-built issue of Rs 5,430 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 1250 crore and remaining is the offer for sale of Rs 4,180 crore.

2. When will the Afcons Infrastructure IPO open and close?

Afcons Infrastructure IPO opens on 25 October and closes on 29 October 2024. The allotment status will be released on Wednesday, October 30, 2024.

3. What is Afcons Infrastructure IPO GMP?

Afcons Infrastructure IPO GMP quotation is Rs 60. You can check the latest GMP price from the first day of subscription. If the subscription got oversubscribed then Afcons Infrastructure IPO GMP might rise in the coming days.

4. What are the details of Afcons Infrastructure IPO reservation?

Afcons Infrastructure IPO subscription details will be available after the IPO opens on 25 October 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Net Institutional investors.

5. Write the details of the IPO Allotment?

Afcons Infrastructure IPO allotment status will be released on Wednesday, October 30, 2024.

The listing will be on the BSE, NSE platform on Monday, November 4, 2024. The registrar of this IPO is Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

6. Who is the registrar and lead managers for Afcons Infrastructure IPO?

Afcons Infrastructure IPO Registrar is Link Intime India Limited. The book-running lead manager for this IPO is ICICI Securities Limited, Dam Capital Advisors Limited, Jefferies India Private Limited, Nomura Financial Advisory And Securities Private Limited, Nuvama Wealth Management Limited and SBI Capital Markets Limited.

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners