Afcons Infrastructure IPO Day 3 Live Updates: Issuance 78% booked to date, NIIs fully subscribed. Check GMP, assessment, more

Afcons Infrastructure IPO Day 3 Live Updates: The initial public offering (IPO) for Afcons Infrastructure, the leading infrastructure engineering and construction company of Shapoorji Pallonji Group, faced challenges during the first two days of bidding. On the second day of the share sale, the subscription rate of Afcon’s Infrastructure IPO stood at 36%. The non-institutional investor segment recorded a subscription rate of 72%, while the retail retail investor (RII) category saw a subscription rate of 36%. The qualified institutional buyers segment (QIBs) received an 8% subscription, and the employee segment was oversubscribed by 1.01 times.

On the first day of bidding, the IPO of Afcons Infrastructure was booked for 10%. Afcons Infrastructure announced on Thursday that it has secured insurance ₹1,621 crore from anchor investors. The IPO, valued at ₹5,430 crore, will remain open till today (Tuesday, October 29). The price range for the shares is set between ₹440 and ₹463. This IPO includes a new issue of shares worth ₹1,250 crore and an offer for sale (OFS) totaling maximum ₹4,180 crore by the promoter, Goswami Infratech Pvt Ltd. Currently, the promoter and associated entities own 99 percent ownership in Afcons Infrastructure, based in Maharashtra.

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