The IPO’s price band was set between Rs 440 and Rs 463 per share.

Afcons Infrastructure IPO allotment: Step-by-step guide to check status

Afcons Infrastructure allotment: Investors can check their allotment status online. They can log in to either the BSE website or the website of Link Intime India Private Ltd, the registrar for the issue.

by · India Today

In Short

  • Afcons Infrastructure IPO allotment to be finalised on October 30
  • Overall subscription reached 2.77 times before closing
  • IPO listing on BSE and NSE scheduled for November 4, 2024

The allotment for the initial public offering (IPO) of Afcons Infrastructure will be finalised on Wednesday, October 30, after having seen 2x subscription led by the Non-Institutional Investors (NII) category.

After having seen a muted response from investors, Afcons Infrastructure IPO saw an overall bid of 2.77 times before closing for bidding.

The public issue saw a subscription of 0.99 times in the retail category. In the Qualified Institutional Buyers (QIB) segment, demand was higher, with subscriptions reaching 3.99 times. Meanwhile, the Non-Institutional Investors (NII) category recorded the strongest interest, with subscriptions at 5.31 times.

Investors who have bid for Afcons Infrastructure IPO can check their allotment status online. They can log in to either the Bombay Stock Exchange (BSE) website or the website of Link Intime India Private Ltd, the registrar for the issue.

HOW TO CHECK ALLOTMENT STATUS

If you’ve applied for the Afcons Infrastructure IPO, you can check your allotment status online in a few simple steps:

STEPS TO CHECK ALLOTMENT THROUGH THE BSE WEBSITE

Go to the BSE website by clicking here.

Click on 'Equity'.

Choose 'Waaree Energies Limited' from the list.

Put in your application number and PAN card ID.

Confirm that you're not a robot and submit.

STEPS TO CHECK ALLOTMENT THROUGH LINK INTIME LIMITED

Visit the Link Intime India Private Ltd website.

Select 'Waaree Energies Limited'.

Choose the Application Number/Demat Account/PAN option and enter the details.

Enter the Captcha.

Click on the 'SUBMIT' option.

LATEST GMP FOR WAAREE ENERGIES

Afcons Infrastructure’s IPO has taken a hit since it opened for bidding. The last recorded grey market premium (GMP) stands at Rs 0, as of the most recent update on 30 October 2024, at 8:32 AM.

The IPO price band has been set at Rs 463. Based on this, the estimated listing price is expected to be Rs 463, calculated as the cap price plus the current GMP.

The Afcons Infrastructure IPO comprises a fresh issue of 2.7 crore shares valued at Rs 1,250 crore and an offer for sale (OFS) of 9.03 crore shares worth Rs 4,180 crore.

The IPO’s price band was set between Rs 440 and Rs 463 per share, and it requires a minimum bid of 32 shares. At the upper price band of Rs 463, retail investors needed to invest a minimum of Rs 14,816.

The listing is set to take place on the BSE and NSE, with a tentative date of Monday, November 4, 2024.