Afcons Infrastructure IPO Day 2 update live: 27% subscribed to this issue; GMP and other key details

Afcons Infrastructure IPO Day 2 Live Update: The initial public offering (IPO) of Afcons Infrastructure Ltd, the flagship infrastructure company of the Shapoorji Pallonji Group, opened for subscription on Friday, October 25, and the second day of trading begins today. The public release will remain open until Tuesday, October 29. Afcons Infrastructure’s IPO price range is set at ₹440 to ₹463 per share. At the top of the price range, the company plans to raise ₹5,430 crores from the registered issue which is a combination of fresh issue of shares worth Rs.2.7 crores ₹1,250 crore and an offer for sale of 9.03 crore shares at Rs ₹4180 crores. On the first day of trading, Afcons Infrastructure’s IPO was subscribed for a total of 10%. Stay tuned to our Afcons Infrastructure IPO blog for the latest updates: