• Source:JND
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Afcon Infrastructure IPO:  The Initial Public Offering of Afcon Infrastructure, an engineering and construction company of Shapoorji Pallonji group opened for public subscription on Friday i.e. October 25. The company has set Rs 440-Rs 463 as the price band for its 5,430 Crore initial share sale. Investors willing to place bids will have to buy a lot of at least 32 shares, that is Rs 14,080 minimum investment is needed.

Afcon Infrastructure Subscription Status

As of 4:45 pm, Afcon Infrastructure's IPO was subscribed 0.10 times or 10% overall on day 1, to which the employee's section was subscribed 0.38 times, the Retail quota was 0.14 times and the quota reserved for Non-Institutional Investors got 0.2 times bid.

Afcon Infrastructure GMP

The Grey Market Premium (GMP) of Afcon Infrastructure is Rs 60 per share. The shares are trading at a mild premium at Rs 523 in the grey market, up 60 rupees or 12.9% against the issue price of Rs 463, according to investorgain.com. Grey Market is the unofficial market where shares of the IPO bound companies trade.

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Afcon Infrastructure IPO Details

Afcon Infrastructure IPO Price Band - The Price band was set at Rs 440-Rs 463 per share.

Afcon Infrastructure IPO Issue Size - The company aims to raise Rs 5,430 crore through IPO.

Afcon Infrastructure IPO Lot Size - Investors need to buy a lot of 32 shares- a mimimum of Rs 14,080- to place a bid.

Afcon Infrastructure IPO Bidding Dates - The IPO will remain open for subscription till October 29.

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