Reportedly the IPO of Afcons Infrastructure Ltd, an infrastructure engineering and construction company of Shapoorji Pallonji Group, has somehow managed to get fully subscribed. Afcons Infrastructure's IPO closed with 2.63 times subscription. october 29, 2024 was the last day to apply for the IPO. The company plans to raise Rs 5430 crore through the IPO.
Perhaps according to BSE data, if we look at the subscription of Afcons Infrastructure's IPO, 2,45,68,181 shares were reserved for institutional investors (Qualified Institutional Buyers) and applications have been received for 9,31,44,800 shares for this category. The category of institutional investors has been subscribed 3.79 times. 1,84,26,137 shares were reserved for the category of non-institutional investors and applications were received for 9,30,47,232 shares and this category was subscribed 5.05 times in total. The reserve quota for retail investors could not be filled completely. 4,29,94,319 shares were reserved for retail investors and applications were received for a total of 4,05,74,752 shares. This category could be filled only 0.94 times. The reserved category of employees has been subscribed 1.67 times.
The IPO opened on october 25 and the last date for applying was october 29. The size of the IPO of Afcons Infrastructure Limited is Rs 5430 crore in which Rs 1250 crore has been raised by issuing 2.7 crore new shares and Rs 4180 crore has been raised through 9.03 crore shares in offer for sale. Promoter company Goswami Infratech Limited has sold these shares in offer for sale. The price band for the IPO has been fixed at Rs 440 - Rs 463 per share.
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