Afcons Infrastructure was listed at ₹426 on the NSE and at ₹430.05 on the BSE, both of which are lower than the originally targeted ₹440-463 price band

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.

Afcons Infrastructure's shares opened at an 8% discount on NSE and a 7% discount on BSE compared to the issue price. The company plans to use the IPO proceeds to buy equipment, fund working capital, repay debt,

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 shares were listed at ₹426.00 apiece, a discount of 8% to the issue price of ₹463.00 per share on the NSE.

Afcons Infrastructure Limited, the infrastructure arm of the Shapoorji Pallonji Group, is set to list its shares on the stock exchanges today, November 4, 2024. The company’s initial public offering (IPO) experienced moderate demand,

The stocks of the company, after its IPO, launched on October 25 and closed on October 29, listed its shares on the stock exchange today with slightly rocky start. The stock opened at Rs 426 on the National Stock Exchange (NSE), an 8 per cent discount from its issue price of Rs 463 apiece.

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

Ahead of its listing, shares of Afcons Infrastructure were commanding a grey market premium of Rs 20-25 apiece in the unofficial market, suggesting a 5-6 per cent listing pop for the investors.

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

The IPO had garnered a healthy response from the investors during its three-day subscription period to conclude its initial share sale with 2.63 times subscription.