Afcons Infrastructure Limited IPO: Key Details and Investment Insights
Tap Invest offers a range of fixed-income investment options, such as invoice discounting, asset leasing, P2P lending, bonds, and more, to help diversify your portfolio. Our blogs educate investors about opportunities to secure their financial future. Today, we’ll explore the much-anticipated Afcons Infrastructure Limited IPO, a key topic that has sparked significant interest in the investment world.
What is Afcons Infrastructure Limited IPO?
The Afcons Infrastructure IPO is a book-built issue aimed at raising capital worth ₹5,430.00 crores. This issue comprises a fresh issue of shares worth ₹1,250.00 crores and an Offer for Sale (OFS) worth ₹4,180.00 crores, making it a prominent investment opportunity for retail and institutional investors.
- Fresh Issue: 2.7 crore shares
- Offer for Sale: 9.03 crore shares
The IPO will open for subscription on October 25, 2024, and close on October 29, 2024. The allotment of shares is expected to be finalised by October 30, 2024, and the stock is likely to be listed on the BSE and NSE by November 4, 2024.
Wondering what is OFS in IPO? Read this article to know the difference between IPO and OFS: https://tapinvest.in/blog/ofs-vs-ipo-differences/
Afcons Infrastructure IPO Dates and Timeline
| Event | Date |
| IPO Open Date | October 25, 2024 |
| IPO Close Date | October 29, 2024 |
| Allotment Finalization | October 30, 2024 |
| Refund Initiation | October 31, 2024 |
| Shares Credited to Demat | October 31, 2024 |
| Listing Date | November 4, 2024 |
IPO Price and Lot Size
- Price Band: ₹440 to ₹463 per share
- Lot Size: 32 shares per lot
Retail investors can participate with a minimum investment of ₹14,816, corresponding to one lot of 32 shares. For high-net-worth individuals (HNIs), the minimum investment is significantly higher:
- S-HNI Minimum Investment: ₹207,424 for 448 shares (14 lots)
- B-HNI Minimum Investment: ₹1,007,488 for 2,176 shares (68 lots)
Also, read this article to know what is IPO Flipping: https://tapinvest.in/blog/ipo-flipping/
Afcons Infrastructure IPO GMP (Grey Market Premium)
The Afcons Infrastructure IPO GMP is a critical factor that potential investors monitor closely to gauge the market sentiment around the IPO. The grey market premium (GMP) for Afcons Infrastructure Limited fluctuates, indicating a moderate demand among grey market traders. This information is crucial as it gives insights into whether the stock may list at a premium or discount.
To know more about IPO GMP, read this article too: https://tapinvest.in/blog/ipo-gmp-grey-market-premium/
Afcons Infrastructure IPO Allotment and Listing
Once the IPO closes on October 29, 2024, the basis of allotment will be finalised by October 30, 2024. Investors who do not receive an allotment will have their funds refunded by October 31, 2024. Those allotted shares can expect their demat accounts to be credited by the same date, and the company’s shares will begin trading on the BSE and NSE by November 4, 2024.
Afcons Infrastructure: A Brief Overview
Afcons Infrastructure Limited is one of India’s leading infrastructure development companies, with a diverse portfolio of projects across transportation, energy, and marine infrastructure sectors. The company’s strong track record in executing large-scale projects makes this IPO an attractive option for investors looking to capitalise on the growth of the infrastructure sector.
Afcons Infrastructure Limited IPO Details
| Details | Specifications |
| IPO Date | October 25, 2024 – October 29, 2024 |
| Total Issue Size | ₹5,430.00 crores |
| Fresh Issue | ₹1,250.00 crores |
| Offer for Sale | ₹4,180.00 crores |
| Listing Exchanges | BSE, NSE |
| Price Band | ₹440 to ₹463 per share |
| Lot Size | 32 shares |
| Face Value | ₹10 per share |
Why Should You Consider Investing in Afcons Infrastructure IPO?
- Strong Industry Presence: Afcons is a leader in infrastructure development, a booming sector in India.
- Growth Potential: With government initiatives focusing on infrastructure development, Afcons is well-positioned for significant growth in the coming years.
- Diversified Portfolio: Afcons operates across multiple sectors, minimising risk and enhancing the company’s ability to generate consistent revenue.
- IPO Participation Options: The IPO provides investment opportunities for retail and HNI investors, with various investment levels tailored to different categories.
FAQs About Afcons Infrastructure Limited IPO
1. What is the Afcons Infrastructure Limited IPO GMP?
The Afcons IPO GMP is the premium at which the IPO shares are trading in the grey market before listing. For the latest updates, check sites like IPOWatch.
2. When is the Afcons Infrastructure IPO opening and closing date?
The IPO opens on October 25, 2024, and closes on October 29, 2024.
3. What is the price band for the Afcons Infrastructure IPO?
The price band for the Afcons Infrastructure IPO is set at ₹440 to ₹463 per share.
4. How much can retail investors invest in the Afcons Infrastructure IPO?
Retail investors can invest a minimum of ₹14,816 (1 lot of 32 shares) and a maximum of ₹192,608 (13 lots of 416 shares).
5. Where will Afcons Infrastructure Limited be listed?
Afcons Infrastructure Limited will be listed on BSE and NSE.
Conclusion
The Afcons Infrastructure Limited IPO is a promising investment opportunity for those looking to tap into India’s infrastructure growth. With a substantial issue size and a strong presence in the infrastructure sector, Afcons offers potential returns for retail and HNI investors. For more fixed-income investment options, explore Tap Invest, where you can diversify your portfolio with innovative financial products like invoice discounting, asset leasing, P2P lending, and bonds. Visit tapinvest.in today and secure your financial future.
