The initial public offering (IPO) of Shapoorji Pallonji Group’s flagship infrastructure engineering and construction firm Afcons Infrastructure received 36 per cent subscription on the day two of the share sale on Monday.
The initial share sale received bids for 3,15,57,920 shares against 8,66,19,950 shares on offer, as per NSE data.
The portion for non-institutional investors fetched 72 per cent subscription while the category for retail individual investors (RIIs) got subscribed 36 per cent. The qualified institutional buyers (QIBs) part received 8 per cent subscription.
Afcons Infrastructure Ltd (AIL) on Thursday said it has mopped up Rs 1,621 crore from anchor investors.
The Rs 5,430-crore IPO will remain open till Tuesday. The price band has been fixed at Rs 440-463 per share.
The IPO is a combination of a fresh issue of shares worth Rs 1,250 crore and an offer for sale (OFS) of up to Rs 4,180 crore by promoter Goswami Infratech Pvt Ltd.
Currently, promoter and promoter grou
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