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.
The IPO of Afcons Infrastructure is a mix of fresh issue of shares of ₹1,250 crore and an offer for sale of up to ₹5,750 crore by Goswami Infratech Private Limited.
How Shapoor Mistry is restructuring Shapoorji Pallonji Group to improve operational efficiency and repay debt.
L&T’s half a million plus workers execute some of the country’s most complex construction and engineering projects.
The IPO is a mix of fresh issue of shares up to ₹1,250 crore and an offer for sale (OFS) of up to ₹5,750 crore by Goswami Infratech Private Limited.
Forbes and Co share price surged 15% in three days after its board approved the demerger of its precision tools and machine parts business on Monday.
The fortunes of the Mistry family is now entirely at the discretion of the Tatas.