Afcons Infrastructure IPO allotment date: The Afcons Infrastructure IPO share allotment has been finalised today (Thursday, October 31). The allotment process began on Wednesday, October 30. The investors who applied for the issue can check Afcons Infrastructure IPO allotment status in Afcons Infrastructure IPO registrar portal, which is Link Intime India. The Afcons Infrastructure IPO opened for subscription on Friday, October 25, and closed on Tuesday, October 29. Afcons Infrastructure IPO subscription status on the last bidding day was 2.63 times, as BSE data.
The retail investor segment was subscribed to 94%. The allocation for non-institutional investors saw a subscription rate of 5.05 times. The portion reserved for qualified institutional buyers (QIBs) was booked at 3.79 times. The employee segment experienced a subscription rate of 1.67 times.
The IPO encountered difficulties in the initial two days of bidding. On the second day of the share offering, the subscription for Afcons Infrastructure IPO reached 36%. On the first day of bidding, the Afcons Infrastructure IPO was subscribed at 10%. Afcons Infrastructure announced on Thursday that it has garnered ₹1,621 crore from anchor investors.
Investors can determine if they have received shares by checking the allocation basis. It also shows the quantity of shares assigned in the IPO allotment status. If shares are not received, the company will initiate the application process. The shares need to be credited to the demat accounts of the designated recipients.
