Afcons Infrastructure IPO 2024: Amazing IPO of Afcons Infrastructure, know what percentage is filled…

Afcons Infrastructure IPO 2024: Today is the last day to bid for the IPO of Afcons Infrastructure Limited, a company working in transport, construction, oil and gas sectors. This issue has received a total of 36% subscription so far.

This issue has received 36% subscription in the retail category, 8% in the Qualified Institutional Buyers (QIB) category and 72% subscription in the Non-Institutional Investors (NII) category.

The company's shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 4. The company is planning to raise Rs 5,430 crore from this issue.

The company is issuing 2,69,97,840 new shares worth Rs 1,250 crore, while existing investors are selling 9,02,80,778 shares worth Rs 4,180 crore under Offer for Sale (OFS).

Minimum and maximum investment limits

Afcons Infrastructure Limited has kept the price band of this issue at Rs 440 to Rs 463 per share. Retail investors can bid for a minimum of one lot i.e. 32 shares.

If you apply for 1 lot as per the upper price band of Rs 463, you will have to invest Rs 14,816. If you apply for maximum 13 lots i.e. 416 shares, you will have to invest Rs 1,92,608.

Afcons Infrastructure IPO 2024: 35% of the issue reserved for retail investors

50% of this issue has been reserved for Qualified Institutional Buyers (QIB), 35% for retail investors and the remaining 15% for Non-Institutional Investors (NII).