Afcons Infrastructure IPO listing date is today, November 4, 2024. Stock market analysts and the trends in Afcons Infrastructure IPO GMP ahead of share listing indicate a flat debut of shares today.

Afcons Infrastructure Share Price, Afcons Infrastructure IPO Listing Highlights: Afcons Infrastructure's grey market premium (GMP) was trading at a modest discount of Rs 3, setting its estimated listing price at around Rs 460 per share.

Afcons Infrastructure shares gain after IPO listing, company expects revenue growth and sustained EBITDA margin.

Afcons Infrastructure share price outlook. Concerning the reasons for the weak listing of Afcons Infrastructure shares, Prashanth Tapse, Senior VPP — Research at Mehta Equities,

Afcons Infrastructure shares rose 8.4% to ₹461.7 after a weak debut, reflecting an 8% discount from its IPO price, amid cautious market sentiment and strong long-term growth potential.

The company has fixed the IPO price at ₹463 at the upper end of the ₹440-463 price band.   The initial public offering (IPO) of Afcons Infrastructure, the flagship infrastructure, engineering, and construction company of the Shapoorji Pallonji group,

Afcons Infrastructure shares were listed at ₹426.00 apiece, a discount of 8% to the issue price of ₹463.00 per share on the NSE.

Afcons Infrastructure's shares opened at an 8% discount on NSE and a 7% discount on BSE compared to the issue price. The company plans to use the IPO proceeds to buy equipment, fund working capital, repay debt,

Afcons Infrastructure IPO lists at ₹463, oversubscribed 2.63 times, with proceeds for capital expenditure, working capital, and debt repayment.