IPO GMP | New IPO open for investment, will get big returns on the first day, do not miss the opportunity to earn – GMP IPO
IPO GMP | The IPO of Shapoorji Pallonji Group's Afcons Infrastructure Limited Company is open for subscription from Friday, October 25. The IPO will remain open for subscription till October 29. In this IPO, retail investors will be able to subscribe for minimum 1 lot and maximum 13 lots. Bought 32 shares in one lot of Afcons Infrastructure Limited Company's IPO. This means that retail investors will have to invest at least Rs 14,816 in this IPO.
IPO gray market premium
The price band of IPO shares of Afcons Infrastructure Limited Company has been fixed at Rs 463. Afcons Infrastructure Limited is trading its IPO share at a premium of Rs 65 in the gray market. As per the current GMP, shares of Afcons Infrastructure Limited are priced at Rs. Can be listed in 528. That means you can get a return of about 15 percent on the day of listing in the stock market. Shares of Afcons Infrastructure Limited Company will be listed on both NSE and BSE platforms.
The company's shares will be listed on November 4.
The shares of Afcons Infrastructure Limited Company will be listed on the stock exchange on November 4, 2024. The total public issue size of Afcons Infrastructure Limited Company is Rs 5,430 crore. The promoters of the company are Shapoorji Pallonji & Company Pvt Ltd, Goswami Infratech Pvt Ltd and Floriate Investments Pvt Ltd. Afcons Infrastructure Limited Company was established in 1959. As of September 2023, Afcons Infrastructure Limited has completed 76 projects in 15 countries. As of September 2023, the company has 67 active projects in 12 countries. The proceeds from the IPO will be used to fund capital expenditure, long-term working capital needs, general corporate expenses and to repay loans.
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