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News Details

21/10/2024 12:30

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Afcons Infrastru announces launch of initial public offering

Afcons Infrastructure Ltd. has announced public offering of 117278617 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 453.00 per share. The gross proceeds of the issue are expected to be Rs 5,43,000.00 lakhs.

The company's initial public offer (IPO) will open on 25 October 2024 and is expected to close on 29 October 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 440.00-463.00 per share.

The IPO includes a fresh Issue of 117278617 Equity Shares of the Company at an price of Rs 463.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 32 shares with bids in multiples of 32.

Afcons Infrastructure Ltd. anticipates using the proceeds of the issue for .

ICICI SECURITIES LTD,Nomura Financial Advisory and Securities (India) P,DAM Capital Advisors Limited,SBI Capital Markets Ltd.,Nuvama Wealth Management Ltd.,Jefferies India Pvt. Ltd. as lead manager(s) & Link Intime India Pvt. Ltd. is the registrar, to the issue.