Afcons Infrastructure’s IPO consists of a fresh issue of 2.7 crore shares, raising ₹1,250.00 crores, and an offer for sale of 9.03 crore shares worth ₹4,180.00 crores. The total issue size aggregates up to ₹5,430.00 crores. The IPO price band is set between ₹440 and ₹463 per share, with a minimum lot size of 32 shares.
| Event | Details |
|---|---|
| IPO Open Date | Friday, October 25, 2024 |
| IPO Close Date | Tuesday, October 29, 2024 |
| Basis of Allotment | Wednesday, October 30, 2024 |
| Initiation of Refunds | Thursday, October 31, 2024 |
| Credit of Shares to Demat Accounts | Thursday, October 31, 2024 |
| Listing Date | Monday, November 4, 2024 |
| Cut-off Time for UPI Mandate Confirmation | 5 PM on October 29, 2024 |
| IPO Date | October 25, 2024 to October 29, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹440 to ₹463 per share |
| Lot Size | 32 Shares |
| Total Issue Size | 117,278,618 shares (aggregating up to ₹5,430.00 Cr) |
| Fresh Issue | 26,997,840 shares (aggregating up to ₹1,250.00 Cr) |
| Offer for Sale | 90,280,778 shares (aggregating up to ₹4,180.00 Cr) |
| Employee Discount | ₹44 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Pre-issue Shareholding | 340,738,269 shares |
| Post-issue Shareholding | 367,736,109 shares |
| Minimum Investment for Retail Investors | ₹14,816 (32 shares) |
| Minimum Investment for sNII | ₹207,424 (14 lots, 448 shares) |
| Minimum Investment for bNII | ₹1,007,488 (68 lots, 2,176 shares) |
| Employee Reservation | 596,659 shares at a discount of ₹44 to the issue price |
Investors can apply from October 25 to October 29, 2024, with a tentative listing on BSE and NSE scheduled for November 4, 2024.
Afcons Infrastructure IPO Allotment and Listing Details
The Afcons Infrastructure IPO, valued at ₹5,430.00 Cr, closed on October 29, 2024, and the allotment of shares is expected to be finalized on October 30, 2024. The IPO listing is anticipated on November 4, 2024. Investors can check their allotment status on the registrar’s official website (Link Intime) by selecting Afcons Infrastructure as the issuer and entering their PAN, application number, or DP client ID. Refunds, if any, will be initiated on October 31, 2024. Allotment notifications will also be sent via email and SMS by the investor’s bank or broker. The “Basis of Allotment” document will detail the demand and allocation ratios for different investor categories such as QIBs, NIIs, and Retail Investors (RII).
Disclaimer: The information provided in this blog is for informational purposes only and should not be considered as investment advice. Readers are advised to perform their own research and consult with financial experts before making any investment decisions. Please note that BajajCapitalAdvisor has not been involved in any capacity with Afcons Infrastructure Pvt. Ltd. regarding the processing of this IPO. The details provided are based on publicly available information at the time of writing.
Afcons Infrastructure IPO – Frequently Asked Questions (FAQs)
1. When does the Afcons Infrastructure IPO open and close?
The Afcons Infrastructure IPO opens on October 25, 2024, and closes on October 29, 2024.
2. What is the price band for the Afcons Infrastructure IPO?
The price band for the Afcons Infrastructure IPO is set between ₹440 and ₹463 per share.
3. What is the minimum lot size for the Afcons Infrastructure IPO?
The minimum lot size is 32 shares for retail investors.
4. When will the allotment be finalized for the Afcons Infrastructure IPO?
The allotment for the Afcons Infrastructure IPO is expected to be finalized on October 30, 2024.
5. How can I check the allotment status for the Afcons Infrastructure IPO?
You can check the allotment status for the Afcons Infrastructure IPO by visiting the registrar’s website (Link Intime), selecting Afcons Infrastructure as the issuer, and entering your PAN, IPO application number, or DP client ID.
6. When will refunds for the Afcons Infrastructure IPO be initiated?
Refunds for the Afcons Infrastructure IPO will be initiated on October 31, 2024 for applicants who did not receive an allotment.
7. When will shares of the Afcons Infrastructure IPO be credited to my Demat account?
The shares will be credited to your Demat account on October 31, 2024.
8. What is the listing date for the Afcons Infrastructure IPO?
The Afcons Infrastructure IPO shares are expected to be listed on November 4, 2024 on the BSE and NSE.
9. What should I do if I face discrepancies in the Afcons Infrastructure IPO allotment?
If you encounter any discrepancies in the Afcons Infrastructure IPO allotment, credit of shares, or refund processes, you can contact with your broker.
10. What is the total issue size for the Afcons Infrastructure IPO?
The total issue size for the Afcons Infrastructure IPO is ₹5,430.00 Cr, comprising a fresh issue of shares worth ₹1,250.00 Cr and an offer for sale of shares worth ₹4,180.00 Cr.
Disclaimer: The information provided in this blog is for informational purposes only and should not be considered as investment advice. Readers are advised to perform their own research and consult with financial experts before making any investment decisions. Please note that BajajCapitalAdvisor has not been involved in any capacity with Afcons Infrastructure Limited regarding the processing of this IPO. The details provided are based on publicly available information at the time of writing.
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