Suspense Crime Sach Ka Dam
Afcons Infrastructure IPO GMP: Shapoorji Pallonji’s subsidiary company Afcons Infrastructure will be listed on the stock market on Monday, November 4. The shares of Afcons Infrastructure will be listed on both the major market exchanges BSE and NSE. Let us tell you that the IPO of Afcons Infrastructure opened on October 25 and closed on October 29. After which the shares were allotted to the applicants on October 30.
Afcons Infrastructure got only 2.77 times subscription
However, the company’s IPO did not get a very good response from investors. This IPO got a total subscription of only 2.77 times. Talking about the first two days, this IPO got only 0.36 times the subscription. That is, in the first two days, this IPO was not even half subscribed and this was not a good thing for the company at all.
GMP price of shares reached negative
Due to the lackluster response from investors, the grey market is also not showing much interest in the shares of Afcons Infrastructure. On Saturday, November 2, the premium of the company’s shares in the grey market has gone negative. According to the websites that track the GMP i.e. grey market premium of shares, the GMP of the company’s shares is running at -3 today. This means that the company’s shares may be listed at a discount in the stock market.
Afcons Infrastructure has raised Rs 5,430.00 crore from IPO
Afcons Infrastructure has raised a total of Rs 5,430.00 crore from its IPO. The company has issued 2,69,97,840 new shares worth Rs 1,250.00 crore in this IPO, while the company’s promoters have issued 9,02,80,778 shares worth Rs 4,180.00 crore through OFS. Retail investors had to invest a minimum of Rs 14,816 for this IPO. In this amount, they have been given 32 shares in 1 lot.
