Afcons Infrastructure IPO 2024 live: The initial public offering (IPO) of Afcons Infrastructure saw a strong subscription of 2.63 times on the last day of offering, October 29. The initial share sale received bids for 22.78 crore shares against 8.66 crore shares available, according to NSE data.

The share of non-institutional investors (NII) was particularly robust, with a subscription rate of 5.05 times, while the retail investor (RII) segment saw a subscription of 94%. The share of qualified institutional buyers (QIBs) received a subscription of 3.79 times, and employees subscribed 1.67 times their reserved share.

Into the gray walkAfcons Infra IPOThe gray market premium (GMP) of has declined, with the shares currently commanding a GMP of Rs 18, indicating a listing premium of 3.89%.

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