Afcons share price prediction: Afcons Infrastructure Limited’s IPO closed on 29 October at an impressive 2.77x subscription, drawing significant investors’ interest. Only the retail category has not been fully subscribed. However, with a noticeable dip in the Afocns IPO GMP of around ₹6 (1.3%), investors are keenly awaiting allotment updates.
But, just before listing the GMP of Afcons has gone down to -1%. It indicates a negative listing gain with ₹-96.00 per lot
Afcons IPO Allotment status & the implications of dipping GMP
Subscription Numbers: QIBs, HNI, Retails, Employee,
QIBs’ Subscription
- QIBs subscribed 3.9 times, which means this category has been oversubscribed.
- Big HNI (above 10+ Lakhs) subscribed 6.30 times which means this category has been oversubscribed
- Small HNI (Above 2+ Lakhs) subscribed 2.53 times which means this category has also been oversubscribed
- The Retail portion has not been oversubscribed. Subscription number 0.93 times.
- Employees subscribed 2 times which means oversubscribed.
- Total subscription: 2.77x or 3 times
Afcons IPO GMP
Though the previous GMP of the IPO report was good, IPO GMP on the last day (29 October) was very disappointing. Just before the closing, The Afcons IPO GMP went below 5%. And IPO closed with a GMP of 1.3%. Check Afcons IPO expected listing price as per the latest IPO GMP.
When and How to Check Afcons IPO Allotment Status
Allotment Date | Wednesday, 30 October |
Refunds Date | Thursday, 31 October |
Listing Date | Monday, 4 November |
Afcons IPO Allotment status Live
Afcons Infrastructure IPO GMP
Closed
25 Oct 2024 – 29 Oct 2024
₹14,816
₹440 – ₹463
32
₹5000
₹10 per equity share
-₹3.0 (-1%)
2.77 Times
What this Afcons IPO response means for investors.
When Grey Market Premium goes down below 10%, it indicates very negative in the short-term or listing gains. The listing price of Afcons IPO may be seen as negative. Apart from that the overall stock market sentiment is bearish, so, the listing gain may not be seen.
Still, positivity exists as the QIBs and HNI categories showed interest and the company fundamentals with the Anchor list carry a positive note.
The Estimated profit for retail is ₹320.00 for 1 lot
The estimated profit for HNI is ₹4480.00 for 1 lot
Afcons IPO allotment status final lines
With Afcons IPO allotment around the corner, investors are closely watching to see whether Afcons Infrastructure IPO market debut aligns with initial expectations. Keep an eye on post-listing trends, as Afcons Ltd’s IPO dip may hit broader market sentiment.
Hi, I’m Avishek, a passionate stock market enthusiast turned a full-time investor. With my 3+ years of experience in the Indian and Global markets, I’ve developed a keen eye for potential winners. My portfolio boats successful allotment in IPOs from NYKAA to Bajaj housing Finance, and more. I never made any loss in stock market. Through this blog, I will provide all information over here.