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, backed by the Shapoorji Pallonji Group, raised Rs 5,430 crore in its IPO, set to debut on NSE and BSE on November 4, 2024. The offering, priced between Rs 440-463, includes a fresh issue and an offer for sale.

Another Rs 320 crore is set aside to fund its long-term working capital requirements, while Rs 600 crore will be used to repay or prepay part of its outstanding debt. The remainder will be directed toward general corporate expenses,

The GMP of Afcons Infrastructure fell drastically from ₹60 to ₹15 on the first day of subscription in the grey market. However, the shares of Afcons Infrastructure is currently trading at ₹20 permium,

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