Afcons Infrastructure’s IPO, which opened for subscription from October 25 to October 29, raised Rs 5,430 crore through a book-built issue

Shares of Afcons Infrastructure Ltd made a muted Dalal Street debut on Monday as the Shapoorji Pallonji Group firm was listed at Rs 426 on NSE, a discount of 7.99 per cent over its issue price of Rs 463.

Another Rs 320 crore is set aside to fund its long-term working capital requirements, while Rs 600 crore will be used to repay or prepay part of its outstanding debt. The remainder will be directed toward general corporate expenses,

Afcons Infrastructure share price outlook. Concerning the reasons for the weak listing of Afcons Infrastructure shares, Prashanth Tapse, Senior VPP — Research at Mehta Equities,

Afcons Infrastructure, backed by the Shapoorji Pallonji Group, raised Rs 5,430 crore in its IPO, set to debut on NSE and BSE on November 4, 2024. The offering, priced between Rs 440-463, includes a fresh issue and an offer for sale.

Afcons Infrastructure Ltd., the flagship infrastructure company of the Shapoorji Pallonji Group, made its debut on the stock exchanges today. Despite being one of the more prominent IPOs in recent weeks,

Afcons Infrastructure's shares opened at an 8% discount on NSE and a 7% discount on BSE compared to the issue price. The company plans to use the IPO proceeds to buy equipment, fund working capital, repay debt,

The company's weak debut on Dalal Street has got investors wondering whether they should exit now or wait for long-term gains. Here is all you need to konw