News > Afcons Infrastructure IPO closes today

Afcons Infrastructure IPO closes today

The Hindu Business Line | 29/10/2024 02:34 PM | Click to read full article

The IPO, so far, has received only a lukewarm response from investors. At the end of Day 2, the issue undersubscribed at just 0.36 times. The ₹5,430-crore IPO consists of a mix of fresh issues of up to ₹1,250 crore and an offer of sale of up to ₹4,180 crore by the promoter. The price band has been determined at ₹440 – ₹463 a share. Investors can bid for a minimum of 32 equity shares and in multiples of 32 equity shares thereafter.

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