Construction/EPC - Listed on 04 November 2024
Afcons Infrastructure (Construction/EPC) closed its IPO window in 2024 and listed on NSE and BSE on 04 November 2024 at an upper band issue price of Rs 463, opening at Rs 426 for a listing gain of -8.0% and closing day one at Rs 474.2 (+2.4% on closing basis). The IPO was subscribed 2.63x overall - QIB 3.79x, HNI/NII 5.05x, Retail 0.94x. The total issue size was Rs 5,430 Cr (Fresh Issue Rs 1250 Cr, OFS Rs 4180 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Construction/EPC
Afcons Infrastructure operates in the Construction/EPC space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Afcons Infrastructure issue was offered at an upper price of Rs 463 and raised approximately Rs 5,430 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 50 | 0.00% |
| Day 2 | Rs 60 | +1.08% |
| Day 3 | Rs 60 | +7.99% |
| Day 4 | Rs 20 | +5.40% |
| Day 5 | Rs 37 | +4.32% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Afcons Infrastructure IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Afcons Infrastructure IPO listed at -8.0% versus the upper issue price of Rs 463 on 04 November 2024.
Afcons Infrastructure IPO was subscribed 2.63x overall. QIB portion was subscribed 3.79x, HNI / NII 5.05x and Retail 0.94x.
IPO GMP started at Rs 50 on Day 1 and moved to Rs 37 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.