IPO allotment finalized today

Afcons IPO Allotment Today: Check Your Status Online The initial public offering (IPO) of Afcons Infrastructure Ltd, the leading infrastructure firm of the Shapoorji Pallonji Group, has received a favorable response from investors. As the bidding period has recently concluded, attention is now focused on the share allotment process, which is set to be finalized today.

The IPO was open for subscription from October 25 to 29, giving investors a chance to take part in this significant event. Today is crucial as the company will determine how shares are allocated. Those who successfully applied can expect their equity shares to be credited to their demat accounts today, while refunds for those who were not successful will also be processed on the same day. The official listing of Afcons Infrastructure shares is expected on November 4, 2024, with shares being listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

For investors looking to check their allotment status online, the process is as follows:

1. Visit the BSE allotment status page.
2. Select ‘Equity’ as the Issue Type.
3. Choose ‘Afcons Infrastructure Limited’ from the dropdown menu.
4. Enter your Application Number or PAN.
5. Complete the CAPTCHA verification and click ‘Search’ to see your status.

Currently, the grey market premium (GMP) for Afcons Infrastructure stands at Rs 0, indicating that shares are trading flat at their issue price. This suggests that the shares are neither commanding a premium nor a discount in the grey market, reflecting stable interest at the IPO price of Rs 463 per share. As a result, the expected listing price for Afcons shares is projected to be Rs 463 each.

Afcons IPO Allotment Today: Check Your Status Online  The allotment for the Afcons Infrastructure IPO is expected to occur today, October 30 (Wednesday), following a successful initial share sale of Rs 5,430 crore by the flagship infrastructure engineering and construction firm of the Shapoorji Pallonji Group, which was oversubscribed by 2.63 times.

All retail bidders are anticipated to receive their share allotments today, as the Retail Individual Investors (RII) segment saw a subscription of just 94 percent. The final retail participation could fall below this figure due to possible application rejections, incomplete submissions, and other processing issues.

In comparison, the retail portion of the Hyundai Motor India IPO was only 50 percent subscribed, yet all applicants received allotments.

The Afcons Infrastructure IPO raised Rs 1,621 crore from anchor investors, with a price band set between Rs 440 and Rs 463 per share. As of October 30, shares are trading at a flat grey market premium in the unofficial market, having previously been at an 8 percent premium before easing to the issue price ahead of the listing on Monday.

To check the allotment status, follow these steps:

1. Visit the official registrar’s website [here](https://linkintime.co.in/initial_offer/) and select the company from the dropdown menu.
2. Fill in your PAN, application number, or DP client ID to check your allotment status.
3. Click the Submit button to view your allotment status.

For those checking their status on the Bombay Stock Exchange (BSE), use the following steps:

1. Go to the BSE website.
2. Click on the ‘Investors’ option.
3. Under ‘Investor Services’, select ‘Status of Issue Application’.
4. Click on ‘Application Status Check’.
5. Choose ‘Equity’ as the issue type.
6. Enter the required details, including the ‘Issue Name’.
7. Input your PAN number and click Search to see your status.

Afcons IPO Allotment Today: Check Your Status Online  Afcons Infrastructure shares are set to be listed on November 4, 2024, Monday. The IPO consists 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.

The Maharashtra-based company plans to allocate Rs 80 crore from the fresh issue proceeds to purchase construction equipment, Rs 320 crore for long-term working capital, Rs 600 crore to pay off debt, and the remainder for general corporate purposes.

Founded in 1865, the Shapoorji Pallonji Group (SP Group) is a diversified institution with a significant presence in engineering and construction, infrastructure, real estate, water, energy, and financial services globally.

Afcons Infrastructure is set to finalize the allotment of its shares on Wednesday, October 30. Bidders can expect to receive notifications via messages, alerts, or emails regarding the debit of their funds or revocations of their IPO mandates by Friday, October 31. The response from investors has been relatively muted.

The IPO for Afcons Infrastructure was open for bidding from October 25 to 29, with shares offered at a fixed price range of Rs 440-463 per share and a lot size of 32 shares. The company raised a total of Rs 5,430 crore from the IPO, which included a fresh share sale of Rs 1,250 crore and an offer-for-sale (OFS) of up to 4,180 equity shares.

Afcons IPO Allotment Today: Check Your Status Online  Overall, the issue was subscribed only 2.63 times, largely due to last-minute interest from qualified institutional bidders (QIBs), whose allocation was oversubscribed 3.79 times. The portion for non-institutional investors (NIIs) was booked 5.05 times, while the retail investors’ segment was undersubscribed at 94 percent, and the employee portion was subscribed 1.67 times.

The grey market premium (GMP) for Afcons Infrastructure has seen a significant decline following the lukewarm response from investors; it was last noted at a flat Rs 5 in the unofficial market, indicating minimal potential for a listing gain. The GMP had previously been Rs 40 on the final bidding day.

Founded in 1959, Afcons Infrastructure is part of the Shapoorji Pallonji Group and has a rich legacy of over six decades in infrastructure engineering and construction. The company operates across various sectors, including marine and industrial projects, surface transport, urban infrastructure, hydro and underground projects, as well as oil and gas projects.

While brokerages generally view the IPO positively and recommend subscribing for the long term due to its solid financial record, extensive order book in India and internationally, and experienced management, concerns remain regarding fully priced valuations and the capital-intensive nature of the business.

The book-running lead managers for the Afcons Infra IPO include ICICI Securities, Jefferies India, DAM Capital Advisors, Nuvama Wealth Management, Nomura Financial Advisory and Securities (India), and SBI Capital Markets. Link Intime India serves as the registrar for the issue, with shares expected to be listed on both the BSE and NSE on Monday, November 4.

Afcons IPO Allotment Today: Check Your Status Online  Investors who participated in the Afcons Infrastructure IPO can check their allotment status on the Bombay Stock Exchange (BSE) website by following these steps:

1. Visit the BSE allotment status page.
2. Select ‘Equity’ under the issue type.
3. Choose ‘Afcons Infrastructure Limited’ from the dropdown menu.
4. Enter your application number.
5. Provide your PAN card ID.
6. Complete the CAPTCHA verification and click the search button.

The registrar, a SEBI-registered entity, is responsible for electronically processing all applications, conducting the allotment process, ensuring timely credit of shares to successful applicants, processing refunds, and addressing investor inquiries post-issue.

Afcons IPO Allotment Today: Check Your Status Online  To check your allotment status on Link Intime, follow these steps:

1. Visit the Link Intime Limited web portal.
2. Select the IPO/FPO from the dropdown menu (this will be available only if the allotment is finalized).
3. Choose one of the three modes: Application number, Demat Account number, or PAN ID.
4. Specify whether your application is ASBA or non-ASBA.
5. Enter the details based on your selected mode.
6. Complete the CAPTCHA verification for security.
7. Click submit.