Afcons Share Price prediction on listing

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 DateWednesday, 30 October
Refunds DateThursday, 31 October
Listing DateMonday, 4 November

Afcons IPO Allotment status Live

Afcons Infrastructure IPO GMP Details

Afcons Infrastructure IPO GMP

Closed

Bidding Dates:

25 Oct 2024 – 29 Oct 2024

Min. Investment:

₹14,816

Price Range:

₹440 – ₹463

Lot Size:

32

Issue Size (₹Cr):

₹5000

Face Value:

₹10 per equity share

Latest GMP:

-₹3.0 (-1%)

Day 4 Subscription:

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
Afcons IPO allotment status

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. 

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