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7 days agoStrong Institutional Demand Drives Afcons Infrastructure IPO To 17.8× Subscription
Heavy participation from qualified institutional buyers propelled Afcons Infrastructure’s ₹1,340 crore IPO to 17.8 times overall subscription, collecting ₹23,850 crore in bids by close. The institutional book was oversubscribed 31 times and the retail portion 4.2 times. Analysts attributed the response to India’s infrastructure-spending momentum, solid order book visibility, and stable financials. Proceeds will fund debt reduction and equipment upgrades. The stock lists October 29 on NSE and BSE, where early indicators suggest a premium opening supported by sector confidence and capital-expenditure tailwinds.
positive
7 days agoStrong Institutional Demand Drives Afcons Infrastructure IPO To 17.8× Subscription
Heavy participation from qualified institutional buyers propelled Afcons Infrastructure’s ₹1,340 crore IPO to 17.8 times overall subscription, collecting ₹23,850 crore in bids by close. The institutional book was oversubscribed 31 times and the retail portion 4.2 times. Analysts attributed the response to India’s infrastructure-spending momentum, solid order book visibility, and stable financials. Proceeds will fund debt reduction and equipment upgrades. The stock lists October 29 on NSE and BSE, where early indicators suggest a premium opening supported by sector confidence and capital-expenditure tailwinds.
positive
Strong Institutional Demand Drives Afcons Infrastructure IPO To 17.8× Subscription
7 days ago
1 min read
83 words
Afcons Infrastructure’s IPO was subscribed 17.8×, raising ₹23,850 crore, backed by strong QIB participation. Listing on NSE and BSE is set for October 29.
Heavy participation from qualified institutional buyers propelled Afcons Infrastructure’s ₹1,340 crore IPO to 17.8 times overall subscription, collecting ₹23,850 crore in bids by close. The institutional book was oversubscribed 31 times and the retail portion 4.2 times. Analysts attributed the response to India’s infrastructure-spending momentum, solid order book visibility, and stable financials. Proceeds will fund debt reduction and equipment upgrades. The stock lists October 29 on NSE and BSE, where early indicators suggest a premium opening supported by sector confidence and capital-expenditure tailwinds.
Heavy participation from qualified institutional buyers propelled Afcons Infrastructure’s ₹1,340 crore IPO to 17.8 times overall subscription, collecting ₹23,850 crore in bids by close. The institutional book was oversubscribed 31 times and the retail portion 4.2 times. Analysts attributed the response to India’s infrastructure-spending momentum, solid order book visibility, and stable financials. Proceeds will fund debt reduction and equipment upgrades. The stock lists October 29 on NSE and BSE, where early indicators suggest a premium opening supported by sector confidence and capital-expenditure tailwinds.
Companies:
Afcons Infrastructure Limited
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ipo
Afcons Infrastructure
ipo
Afcons Infrastructure
India
QIB
construction
Oct 24, 2025 • 17:17 IST