Afcons Infrastructure IPO subscription started on Friday, October 25, and will close on October 29 as per the schedule. The price band is set at ₹440 to ₹463 per share with a face value of ₹10.
Afcons Infrastructure IPO Subscription Status
Afcons Infrastructure IPO Subscribed over 0.52x on its second day till 05.00 PM on 28th October.
- Afcons Infrastructure IPO subscription QIB investors portion is 0.88x times, while NII subscribed 0.76x times and RII investors subscribed 0.39x times.
- The company has received bids for 3,16,07,712 shares against 6,13,13,722 shares on offer on the second day.
- Afcons Infrastructure IPO Subscribed over 0.52x on day 2.
- Afcons Infrastructure IPO Subscribed over 0.14x on day 1.
About Afcons Infrastructure IPO
Afcons Infrastructure Limited is located in Afcons House, 16 Shah Industrial Estate, Veera Desai Road, Andheri (West), Mumbai, Maharashtra, 400053, India. The company’s flagship is the infrastructure engineering and construction company of the Shapoorji Pallonji group, a diversified Indian conglomerate, and has a legacy of over six decades. They have a strong and substantial track record of executing numerous complex, challenging, and unique EPC projects both within India and internationally.
According to the Fitch Report, they are one of India’s largest international infrastructure companies, as per the 2023 ENR (Engineering News-Record, US) Top International Contractors rankings, based on International Revenue for the Financial Year 2023. Over the years, they have expanded their presence globally and in particular across Asia, Africa, and the Middle East. They have undertaken many complex, challenging, unique, and ‘first of its kind’ infrastructure projects in India and the rest of the world.
The company was also accorded the status of Five Star Export House in accordance with the provisions of the Foreign Trade Policy 2023 by the Indian government in 2023. This company’s strong point is to notice customers’ feedback and adaptability and immediate solutions according to their problems.
Afcons Infrastructure IPO Company Financial Report
The company reported revenue of ₹13,646.87 crores in 2024 against ₹12,844.09 crores in 2023. The company reported a profit of ₹449.74 crores in 2024 against a profit of ₹410.80 crores in 2023.
Afcons Infrastructure IPO GMP:
Afcons Infrastructure IPO GMP was ₹25 as of Monday, October 28. That indicates the IPO is trading at ₹488 with ₹25 premium in the grey market against the issue price of ₹463.
