Wednesday, December 04
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Afcons Infrastructure Ltd was listed at ₹426 on the National Stock Exchange (NSE) and ₹430.05 on the Bombay Stock Exchange (BSE), both lower than the initial price range of ₹440-463 per share. The NSE price is 7.99% below the top end of the range and 3.1% below the bottom end. On the BSE, the price is 7.6% below the top end and 2.31% below the bottom end of the price range.

Details of Afcons Infrastructure's IPO

Afcons Infrastructure Ltd, a 65-year-old construction and engineering company under the Shapoorji Pallonji group, has completed 76 projects in 15 countries across Asia, Africa, and West Asia.

The company's IPO ran from October 25 to 29, raising ₹5,430 crore through new shares and an offer for sale. Share allotment was finalized on October 30.

Employees of Afcons had a reserved portion of 596,659 shares with a ₹44 discount on the issue price. Retail investors, however, had to buy a minimum of 32 shares, which required an investment between ₹14,080 and ₹14,816, depending on the price band.

For Non-Institutional Investors (NIIs), various lot sizes were available, with investments ranging from ₹2,00,000 to ₹10,07,488.

The IPO was managed by ICICI Securities, DAM Capital Advisors, Jefferies India, Nomura Financial Advisory, Nuvama Wealth Management, and SBI Capital Markets, with Link Intime India serving as the registrar.

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