Home News Afcons Infrastructure IPO subscribed 2.63 times on Final Day

Afcons Infrastructure IPO subscribed 2.63 times on Final Day

by Our Corresspondent - Oct 29, 2024
Afcons Infrastructure IPO subscribed 2.63 times on Final Day, News, KonexioNetwork.com

The Initial Public Offering of Afcons Infrastructure Limited was subscribed 2.63 times on the final day of bidding.

The issue received bids of 22,78,13,728 shares against the offered 8,66,19,950 equity shares, at a price band of ₹440-463, according to the data available on the stock exchanges.

Non-Institutional Investors Portion and Qualified Institutional Buyer Portion were subscribed 5.05 times and 3.79 times respectively, whereas Employee Portion was subscribed 1.67 times. Retail Portion was subscribed 0.94 times.

ICICI Securities Limited, DAM Capital Advisors Limited, Jefferies India Private Limited, Nomura Financial Advisory and Securities (India) Private Limited, Nuvama Wealth Management Limited, and SBI Capital Markets Limited are book running lead managers, and Link Intime India Private Limited is the registrar of the issue.