Afcons Infrastructure IPO sees momentum in subscription to 36% on Day 2
The Initial Public Offering of Afcons Infrastructure Limited was subscribed 36% on the second day of bidding. The issue received bids of 3,15,57,920 shares against the offered 8,66,19,950 equity shares, at a price band of ₹440-463, according to the data available on the stock exchanges. Employee Portion was fully subscribed. Non-Institutional Investors Portion and Retail Portion were subscribed 0.72 times and 0.36 times respectively, whereas Qualified Institutional Buyer Portion was subscribed 0.08 times. The issue kicked off for subscription on Friday, October 25, 2024, and will close on Tuesday, October 29, 2024 . A day before the opening of the issue, Afcons Infrastructure Ltd raised Rs 1,621 crores from anchor investors. Foreign and Domestic Institutions who participated in the anchor were GIC, HDFC MF, ICICI Pru AMC, BlackRock, Fidelity Investments, Goldman Sachs, HSBC Group, Nomura AM, Nippon MF, Fullerton, Enam Holdings, Birla MF, Mirae MF, Quant MF, Invesco MF, Eastbridge, A