Today, October 30, 2024, is the anticipated allotment date for the Afcons Infrastructure IPO, a major event for investors who applied for shares in this IPO. Afcons Infrastructure Ltd. a flagship infrastructure company under the Shapoorji Pallonji Group, has drawn significant attention from investors. With the public subscription now closed, many investors are eager to check if they have received allotments. Here guide to checking allotment status, along with key details related to the IPO.
How to Check Afcons Infrastructure IPO Allotment Status Online
Afcons Infrastructure IPO applicants can check their allotment status easily through either the BSE (Bombay Stock Exchange) website, NSE (National Stock Exchange) website, or through Link Intime, the official IPO registrar for this issue.
Method 1: Check Allotment Status on Link Intime
- Go to the Link Intime website: https://linkintime.co.in
- Select “Afcons Infrastructure Limited” from the dropdown menu.
- Choose your preferred identification method: PAN number, application number, or DP ID.
- Fill in the required information, then press “Search” to continue.
- Your IPO allotment status will appear on the screen if the allotment has been processed.
Method 2: Check Allotment Status on BSE
- Visit the BSE website: https://www.bseindia.com
- In the “Issue Type” section, select “Equity.”
- Under “Issue Name,” select “Afcons Infrastructure Limited.”
- Enter your application number or PAN number.
- Verify that you’re not a robot, then click “Search” to proceed.
- If allotted, your Afcons Infrastructure IPO status will be displayed.
The Afcons Infrastructure IPO, open for subscription from October 25 to October 29, received a strong response across all investor categories. The IPO was priced within a band of ₹440 to ₹463 per share, aiming to raise ₹5,430 crore. This included a fresh issue of 2.7 crore equity shares (valued at ₹1,250 crore) and an offer for sale (OFS) of 9.03 crore shares (valued at ₹4,180 crore).
The IPO was subscribed 2.63 times, with notable demand from institutional and non-institutional investors. Specifically, the Qualified Institutional Buyers (QIB) category was oversubscribed 3.79 times, while the Non-Institutional Investors (NII) category saw a subscription of 5.05 times. However, the retail investor category reached 94% of its target.
In the grey market, the Afcons Infrastructure IPO has seen some fluctuations. Currently, reports suggest that the IPO is trading at no premium, meaning its grey market premium (GMP) is at ₹0. This flat GMP suggests that the listing price may align closely with the upper-end IPO price of ₹463 per share.
- Demat Account Credit: Successful applicants will see the allotted shares credited to their demat accounts on October 31.
- Refunds for Unsuccessful Bidders: Those who did not receive an allotment will be refunded on October 31.
- Listing on Exchanges: The shares of Afcons Infrastructure are expected to start trading on the NSE and BSE on November 4, 2024.
For those who successfully receive shares in the Afcons Infrastructure IPO, it’s essential to monitor the official listing on November 4, as market trends could impact the share price on that day. While the current GMP suggests no premium, market sentiment on the listing day may lead to changes in trading price.
For updates on the allotment, refunds, and listing, it’s best to regularly check the official websites of BSE, NSE, or Link Intime.
