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7 min read . Updated: 28 Oct 2024, 05:26 PM IST
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Afcons Infrastructure IPO Day 2 highlights: Afcons Infrastructure IPO price band is ₹440 to ₹463 per equity share. The company plans to raise ₹5,430 crore from the book-built issue which is a combination of fresh issue of 2.7 crore equity shares and offer for sale of 9.03 crore shares.
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Afcons Infrastructure IPO Day 2 highlights: After a muted start on the first day of the bidding process on Friday, October 25, the demand for Afcons Infrastructure's much-awaited initial public offering (IPO) remained subdued on the second day as well.
The IPO was subscribed 36% at the end of the second day, with only the employee portion witnessing oversubscription. None of the other categories managed to sail through yet.
The quota allocated to qualified institutional buyers (QIBs) received just 8% bids while the retail portion was subscribed 36%. The non-institutional investor (NII) category saw 72% subscription at the end of the second day of the IPO today.
The public issue will remain open till Tuesday, October 29, meaning that investors only have tomorrow to apply for the IPO.
Afcons Infrastructure IPO price band has been set at ₹440 to ₹463 per equity share. At the upper-end of the price band, the company plans to raise ₹5,430 crore from the book-built issue which is a combination of a fresh issue of 2.7 crore equity shares worth ₹1,250 crore and an offer for sale of 9.03 crore shares amounting to ₹4,180 crore.
On day 1 of the bidding, Afcons Infrastructure IPO was subscribed 10% in total.
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