Afcons Infrastructure IPO: The IPO of Afcons Infrastructure, a subsidiary of Shapoorji Pallonji Group, which operates in different sectors, opens today. This IPO, which opened on Friday, October 25, will close on Tuesday, October 29. Afcons Infrastructure, which specializes in engineering and construction, has set the price band at Rs 440 to Rs 463 per share in its initial public offering. The company’s employees received a discount of Rs 44 for each share.
The company will be listed on BSE and NSE
Afcons Infrastructure wants to raise a total of Rs 5,430.00 crore with this IPO. In this, 2,69,97,840 new shares worth Rs 1,250.00 crore will be issued. Additionally, the promoters of the company will issue 9,02,80,778 shares worth Rs 4,180.00 crore through OFS. This is a primary IPO, which will be listed on major stock exchanges, BSE and NSE.
Retail investors will get 32 shares in one lot
Afcons Infrastructure has reserved 50 per cent quota for QIB category, 35 per cent for retail investors and 15 per cent for NII in its IPO. Retail investors who want to subscribe to this IPO will have to invest at least Rs 14,816. For this amount you will be given 32 shares in 1 lot. Retail investors can bid for a maximum of Rs 1,92,608 for 13 lots, in which a total of 416 shares will be given to them.
Afcons Infrastructure will go public on November 4.
October 29 will be the last day to subscribe to the IPO. The allocation of shares will take place the following day, that is, Wednesday, October 30. The shares will be credited to investors’ demat accounts on Thursday, October 31. Afcons Infrastructure will go public on Monday, November 4. Let us tell you that Link Intime India Private Ltd has been appointed as the registrar of this IPO.
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