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Afcons Infrastructure’s BSE Debut Falls Short, Opens with 7% Discount at ₹430.05  – Read More!

Afcons Infrastructure Ltd debuted on the BSE at ₹430.05, a 7% discount, showing a cautious investor response as the shares listed below expectations in its initial market entry.
Afcons Infrastructure’s BSE Debut Falls Short, Opens with 7% Discount at ₹430.05  - Read More!

Afcons Infrastructure Ltd made its debut on the BSE today, with shares listing at ₹430.05 per share, reflecting a 7% discount. The company’s initial entry into the market opened at a lower-than-expected price, showing a cautious investor response.

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Afcons Infrastructure Limited IPO gained traction on day three, achieving an overall subscription rate of 2.63 times. This was fueled by strong interest from QIB at 3.79x and NII at 5.05x, while RII lagged at 0.94x. Employees showed a modest response at 1.67x, highlighting a cautious investor sentiment.

Afcon Infrastructure is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji group, a diversified Indian conglomerate with over six decades of legacy. The company has a strong track record of executing numerous complex, challenging, and unique EPC projects in India and internationally.

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Afcons Infrastructure aims to allocate ₹150 crore for construction equipment, ₹350 crore for long-term working capital, and ₹500 crore to repay loans, with remaining funds covering general corporate needs and operational costs.

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