Afcons Infrastructure shares rose 8.4% to ₹461.7 after a weak debut, reflecting an 8% discount from its IPO price, amid cautious market sentiment and strong long-term growth potential.

Afcons Infrastructure, backed by the Shapoorji Pallonji Group, raised Rs 5,430 crore in its IPO, set to debut on NSE and BSE on November 4, 2024. The offering, priced between Rs 440-463, includes a fresh issue and an offer for sale.

Another Rs 320 crore is set aside to fund its long-term working capital requirements, while Rs 600 crore will be used to repay or prepay part of its outstanding debt. The remainder will be directed toward general corporate expenses,

Afcons Infrastructure Share Price, Afcons Infrastructure IPO Listing Highlights: Afcons Infrastructure's grey market premium (GMP) was trading at a modest discount of Rs 3, setting its estimated listing price at around Rs 460 per share.

Afcons Infrastructure share price outlook. Concerning the reasons for the weak listing of Afcons Infrastructure shares, Prashanth Tapse, Senior VPP — Research at Mehta Equities,

Afcons Infrastructure’s IPO, which opened for subscription from October 25 to October 29, raised Rs 5,430 crore through a book-built issue

The company has fixed the IPO price at ₹463 at the upper end of the ₹440-463 price band.   The initial public offering (IPO) of Afcons Infrastructure, the flagship infrastructure, engineering, and construction company of the Shapoorji Pallonji group,

Afcons Infrastructure IPO listing date is today, November 4, 2024. Stock market analysts and the trends in Afcons Infrastructure IPO GMP ahead of share listing indicate a flat debut of shares today.