Afcons Infra IPO: Shapoorji Pallonji Group’s stock list at 8% discount
The share price of Afcons Infrastructure listed at ₹426 on the NSE, down 8% against the IPO price of ₹463 apiece.
The share price of Afcons Infrastructure listed at ₹426 on the NSE, down 8% against the IPO price of ₹463 apiece.
This is the second recent IPO after Hyundai Motor India which failed to garner strong response from retail investors.
The three-day IPO of Afcons Infra will close on October 29, while the tentative date for listing of shares on the BSE and NSE is November 4, 2024.
The infrastructure firm has cut OFS size to ₹4,180 from ₹5,750 crore mentioned in the DRHP after it raised ₹2,896 crore in the pre-IPO round.