Afcons Infrastructure IPO subscribed 76% so far on last day of bidding. Check GMP, details

October 29, 2024

Afcons Infrastructure’s IPO, a Shapoorji Pallonji company, was fully subscribed on the last day with the issue receiving bids 1.10 times the total size. The retail portion saw 52% subscription while non-institutional investors subscribed 2.42 times. The company plans to use the proceeds for construction equipment, working capital, and debt repayment.

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