Afcons Infra IPO allotment is likely to take place on October 30 (Wednesday) after the Rs 5,430-crore initial share sale by the Shapoorji Pallonji Group's flagship infrastructure engineering and construction firm concluded with 2.63 times subscription.
All retail bidders are expected to receive share allotment today, as the Retail Individual Investors (RII) portion saw a subscription of only 94 percent. The final retail participation may fall below 94 percent, factoring in potential application rejections, incomplete submissions and other processing issues.
Earlier, retail portion of the Hyundai Motor India IPO was subscribed 50 percent and all those who applied to the issue got the allotment.
Afcons Infrastructure initial share sale mopped up Rs 1,621 crore from anchor investors. The price band for the issue was fixed at Rs 440-463 per share.
Afcons Infra IPO GMP today price
Afcons Infrastructure shares are commanding a flat grey market premium in the unofficial market as of October 30. According to platforms that track the grey market premium activities, the shares were earlier trading with 8 percent premium in the unlisted market, however, it has eased to a flat price ahead of listing on Monday.
Afcons Infra IPO status check: Steps to check share allotment status on Link Intime
Step 1: Open the link to the official registrar of the issue on this URL: https://linkintime.co.in/initial_offer/
Step 2: Select the company from the dropdown menu.
Step 3: You check your allotment status by filling in details like PAN, application number or DP client ID.
Step 4: Press the Submit button
Step 5: Your allotment status will be shown in the window.
Afcons Infra IPO subscribed 2.63 times on Day 3 amid NII push; GMP slips to 3%
Afcons Infra IPO allotment status check on BSE Direct Link
Step 1: Open the website of Bombay Stock Exchange (BSE).
Step 2: Click on 'Investors' option.
Step 3: On the 'Investor Services' dropdown, click on 'Status of Issue Application'.
Step 4: Click on 'Application Status Check'.
Step 5: Select Equity in the issue type.
Step 6: Fill in the required details including the 'Issue Name'.
Step 7: Enter your PAN number and click on Search to view the status
Shares of the company will be listed on 4th November 2024, Monday.
The IPO is a combination of a fresh issue of shares worth Rs 1,250 crore and an offer for sale (OFS) of up to Rs 4,180 crore by promoter Goswami Infratech Pvt Ltd.
The Maharashtra-based company will utilise Rs 80 crore from the fresh issue proceeds to buy construction equipment, Rs 320 crore for long-term working capital, Rs 600 crore to repay debt, and the rest for general corporate purposes.
Founded in 1865, Shapoorji Pallonji Group (SP Group) is a diversified institution and has a leading presence in engineering & construction, infrastructure, real estate, water, energy and financial services sectors across the globe.
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