Afcons Infrastructure Share Price & IPO Listing Live: Afcons Infrastructure stock to list on NSE, BSE today

Afcons Infrastructure shares listing: Shares of Afcons Infrastructure list at over 7% discount

Shares of Afcons were listed on the NSE at ₹426 and at ₹430 on the BSE, as against the issue price of ₹463.

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Afcons Infrastructure IPO listing live

Listing of Afcons Infrastructure Limited on 04th November 2024

Symbol: AFCONS

Series: Equity “B Group” 

BSE Code: 544280

ISIN: INE101I01011

Face Value: Rs 10/-

Issued Price: Rs 463/- per share

Afcons Infrastructure shares listing today: set for market debut

Shares of Afcons will list at ₹430.05 on the BSE and at ₹426 on the NSE.

Afcons Infrastructure IPO listing Live

Afcons Infrastructure IPO: Listing of shares today

Shares of Afcons Infrastructure will be listed on the bourses today. The company has fixed the IPO price at ₹463 at the upper end of the ₹440-463 price band. The initial public offering (IPO) of Afcons Infrastructure, the flagship infrastructure, engineering, and construction company of the Shapoorji Pallonji group, sailed through on the last day, thanks to institutional investors’ bidding.

The IPO was subscribed 2.63 times, even as the portion reserved for retail investors did not get 100 per subscription (subscribed 0.94 time or 94 per cent). However, QIB portion was subscribed 3.79 times, NIIs 5.05 per cent and employees by 1.67 times.

The ₹5,430crore IPO consisted of a mix of fresh issues of up to ₹1,250 crore and an offer of sale of up to ₹4,180 crore by the promoter. 

KS Badri Narayanan of businessline writes