The initial public provide of shapoorji pallonji institution’s flagship infrastructure engineering and production firm afcons infrastructure ltd received 10 in step with cent subscription on the primary day of subscription on friday. The initial share sale received bids for 85,94,016 stocks towards 8,sixty six,19,950 shares on provide, as in line with nse facts.
The element for retail individual investors (riis) fetched 14 in step with cent subscription whilst the quota for non-institutional investors were given subscribed 11 per cent. The certified institutional buyers (qibs) component received 1 in line with cent subscription.
Afcons infrastructure ltd (ail) on thursday said it has mopped up rs 1,621 crore from anchor buyers.
The rs 5,430-crore preliminary public imparting (ipo) will continue to be open from october 25 to october 29. The price band has been constant at rs 440-463 per proportion.
Ipo is a aggregate of a sparkling problem of stocks worth rs 1, ..
Afcons infrastructure ipo 2024 stay: the ipo opened on october 25. It closes an afternoon beforehand of diwali 2024 i.E. October 30. The difficulty has been subscribed to a total of zero.10 times. The retail customers subscribed to the difficulty zero.14 instances. The agency desires to boost a sum of rs five,430 crore.
The allotment of shares is expected to be finalised on october 30. The list will be probable on november 04. The corporation’s ipo price band degrees between rs 440 to rs 463 per fairness share. The issue additionally has a reservation of as much as 631,313 shares for personnel, which are presented to them at a reduction of rs 44 to the difficulty price. Icici securities, dam capital advisors (previously idfc securities), jefferies india, nomura monetary advisory and securities (india), nuvama wealth control, and sbi capital markets are the ebook-running lead managers.
As of 10:24 am on the second day of bidding the preliminary public presenting (ipo) of afcons infrastructure received a subscription of zero.15 instances. The ipo attracted bids for 1,28,30,304 shares against the full offer of eight,66,19,950 shares, in line with the modern day records from the country wide stock trade
The preliminary public presenting (ipo) of afcons infrastructure ltd, part of the shapoorji pallonji group, has experienced a muted reaction from traders considering that its starting for public subscription on friday. The rs 5,430-crore ipo consists of clean stocks really worth up to rs 1,250 crore, alongside a suggestion for sale (ofs) by using the promoter amounting to rs four,a hundred and eighty crore. The ipo is ready to conclude on october 29.
