Afcons Infrastructure IPO subscription status started on Friday, October 25, 2024, and will close on October 29, 2024. The IPO aims to raise approximately ₹5,430 crores through public issuance. The allocation for investor categories includes 35% for Retail Investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for Non-Institutional Investors (NII). The price band is set at ₹440 to ₹463 per equity share, offering an opportunity for investors to participate in this anticipated offering.
The Afcons Infrastructure IPO requires a minimum market lot of 32 shares, amounting to an application value of ₹14,816. This IPO is classified as a Mainboard IPO and will be listed on both the BSE and NSE exchanges.
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About Afcons Infrastructure
Afcons Infrastructure Limited is located in Afcons Home, 16 Shah Industrial Estate, Veera Desai Roadway, Andheri (West), Mumbai, Maharashtra, 400053, India. The business’s front runner is the framework engineering and building and construction company of the Shapoorji Pallonji team, a varied Indian corporation, and has a legacy of over six years. They have a strong and substantial performance history of performing various facility, challenging, and distinct EPC tasks both within India and internationally.
According to the Fitch Record, they are one of India’s largest global infrastructure companies, according to the 2023 ENR (Engineering News-Record, US) Top International Contractors rankings, based on International Revenue for the Fiscal Year 2023. For many years, they have actually broadened their visibility internationally and particularly throughout Asia, Africa, and the Middle East. They have embarked on lots of complicated, challenging, distinct, and ‘first of its kind’ infrastructure tasks in India et cetera of the world.
The company was likewise accorded the status of 5 star Export Home in accordance with the provisions of the Foreign Trade Policy 2023 by the Indian government in 2023. This firm’s strong point is to notice customers’ comments and versatility and immediate solutions according to their issues.
GMP on IPO of Afcons Infrastructure
For the latest updates on Afcons Infrastructure IPO Grey Market Premium (GMP) and GMP of IPOs, please visit our IPO GMP Page. Stay informed on premium trends and investor interest before making your investment decision.
BapuKhabar View on Afcons Infrastructure
We recommend investors consider applying for this IPO with a Long-Term Perspective, as it holds potential for growth in the coming years. However, before committing, it’s wise to review the QIB, NII, and Retail subscription numbers.
Afcons Infrastructure IPO Subscription Status (Day Wise)
| Date | QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|---|
| October 25, 2024 | 0.01 | 0.11 | 0.14 | 0.39 | 0.10 |
| October 28, 2024 | 0.08 | 0.72 | 0.36 | 1.01 | 0.36 |
Investor Insights
Employee Category (EMP) : Reserved specifically for eligible employees, providing an opportunity to invest at the IPO price.
Qualified Institutional Buyers (QIB): Typically larger institutions, including mutual funds and banks, this category has shown [interest level, e.g., strong demand].
Non-Institutional Investors (NII): Includes corporate bodies and HNIs who often bid for a significant portion.
Retail Individual Investors (RII): Subscription levels in this category reflect the enthusiasm of individual retail investors.
Afcons Infrastructure IPO Review and Rating
- Recommendation: Apply
- Rating: ★★☆☆☆ (2/5)
Afcons Infrastructure IPO Forms
How to apply for the Afcons Infrastructure IPO?
You can apply for the Afcons Infrastructure IPO through the ASBA option available in your bank account. Simply log in to your online banking, navigate to the Invest section, and select the Afcons Infrastructure IPO to apply directly. Alternatively, you can apply using IPO forms downloaded online. Download the blank Afcons Infrastructure IPO forms, fill them out, and submit them at your bank or through your broker.
FAQs
When will the Afcons Infrastructure IPO Subscription Start?
The IPO subscription starts on 25 October, 2024 for QIB, NII, and Retail Investors.
How to Subscribe the IPO?
You can subscribe via ASBA or Non-ASBA options. Log in to your bank account and apply for the IPO through ASBA, or download the IPO application form, fill it out, and submit it to your broker or bank.
How Can I Check Live Afcons Infrastructure IPO Subscription Numbers Today?
Visit our portal for live IPO subscription updates, which we refresh hourly from official sources. You can also check live subscription data on the official websites associated with the IPO.
How to Apply for the IPO through Zerodha?
- Log in to your Zerodha account (website or app).
- Go to Portfolio and select IPO.
- Select the IPO name and click on the Bid button.
- Enter your UPI ID, quantity, and price, then submit the application.
- Approve the mandate in your UPI app or Net Banking/BHIM App.
Open Demat Account with Zerodha
How to Apply for the IPO through Upstox?
- Log in to your Upstox account.
- Select the IPO name and click on Bid.
- Confirm your application and go to your UPI app or Net Banking/BHIM App to approve the mandate.
Open Demat Account with Upstox
How to Apply for the IPO through Paytm Money?
- Log in to Paytm Money and select the IPO name.
- Click on the Bid button and confirm your application.
- Approve the mandate through your UPI app or Net Banking/BHIM App.
Open Demat Account with Paytm Money
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