Afcons Infrastructure IPO Day 3 Live Updates: Issue booked 36% so far. Check GMP, subscription status, review
₹1,621 crore from anchor investors. The IPO, valued at ₹5,430 crore, is set to remain open until today (Tuesday, 29 October).
The price range for the shares has been established between ₹440 and ₹463. This IPO includes a fresh issuance of shares worth ₹1,250 crore and an offer for sale (OFS) totalling up to ₹4,180 crore by the promoter, Goswami Infratech Pvt Ltd.
Currently, the promoter and associated entities possess a 99 percent ownership in Afcons Infrastructure, based in Maharashtra.Stay tuned for more updatesAfcons Infrastructure IPO GMP today is +40. This indicates Afcons Infrastructure share price was trading at a premium of ₹40 in the grey market, according to investorgain.com.Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Afcons Infrastructure share price is indicated at ₹503 apiece, which is 8.64% higher than the IPO price of ₹463.According to the grey market activities observed over the last 31 sessions, the present GMP ( ₹40) indicates a downward trend.
The lowest recorded GMP is ₹0, while the peak GMP is ₹225, as per the insights from investorgain.com experts.'Grey market premium' indicates investors' readiness to pay more than the issue price.Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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