Afcons Infrastructure IPO subscription starts on 25 October 2024 and will close on 29 October 2024. Afcons Infrastructure plans to raise around INR 5,430 crores via the IPO. The price band is fixed at INR 440 – 463 per share. Afcons Infrastructure IPO market lot has 32 shares and the minimum application amount is INR 14,816. The retail quota is 35%, QIB is 50% and NII is 15%.
Check Afcons Infrastructure IPO subscription status here. The subscription figures are taken from BSE and NSE and are updated at regular intervals. Here you can find Afcons Infrastructure IPO subscription status segregated by days and investor categories.
Afcons Infrastructure IPO Subscription Status – Live Updates
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 2,45,68,181 | 1,84,26,137 | 4,29,94,319 | 6,31,313 | 8,66,19,950 |
| 29 Oct 2024 | 3.79 | 5.05 | 0.94 | 1.67 | 2.63 |
| 28 Oct 2024 | 0.08 | 0.72 | 0.36 | 1.01 | 0.36 |
| 25 Oct 2024 | 0.01 | 0.11 | 0.14 | 0.39 | 0.10 |
Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
Afcons Infrastructure – Business Background
Afcons Infrastructure, the flagship infrastructure engineering and construction company of the Shapoorji Pallonji group, has built a legacy over six decades, establishing a robust record of executing complex and challenging EPC projects in India and internationally. Operating across five major infrastructure sectors—Marine and Industrial, Surface Transport, Urban Infrastructure, Hydro and Underground, and Oil and Gas.
Afcons had completed 79 projects across 17 countries by 30 June 2024, with a total contract value of INR 56,305 crore. The company is currently working on 65 active projects in 12 countries, with an order book worth INR 31,747 crore. Its extensive equipment base includes 11 marine barges, 153 cranes, 16 tunnel boring machines, eight large-capacity jack-ups, and 21 piling rigs, while a committed workforce of 3,972 permanent employees supports its projects worldwide.
Read Also: Afcons Infrastructure Anchor Investors Allocated INR 1,621 crore
Investor Categories in Afcons Infrastructure IPO Subscription
The three most important categories of IPO investors defined by SEBI are part of Afcons Infrastructure IPO.
Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.
Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.
Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.
The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).
Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. In the event of the IPO-bound company not fulfilling this criterion, only 10% of shares are reserved for retail investors.
Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.
Read Also: Afcons Infrastructure IPO Recommendations: Brokerage Houses Positive for long term
Afcons Infrastructure IPO Subscription Status FAQs
When will Afcons Infrastructure IPO subscription start?
Afcons Infrastructure IPO subscription starts on 25 October and ends on 29 October 2024.
How to subscribe to Afcons Infrastructure IPO?
You can subscribe to the IPO through ASBA and non-ASBA options. To use ASBA, login to your bank account and apply for the IPO online. Alternatively, you can download the form online or obtain a physical form, then submit the completed form to your broker or bank.
When will Afcons Infrastructure IPO be listed?
Afcons Infrastructure IPO will be listed on 4 November 2024, at the BSE and NSE stock exchanges.
