Afcons Infrastructure IPO Allotment Finalised, GMP Muted; How To Check Status, Refund Details & More?

The IPO allotment for Afcons Infrastructure, a key player in India's infrastructure sector, has been finalized as of Thursday, October 31. The IPO, which ran from October 25 to October 29, garnered strong interest from various investor segments, achieving an overall subscription of 2.63 times on its final day, according to data from the BSE. This article provides a detailed look at the allotment process, key subscription metrics, and guidance on how to check allotment status.

Afcons IPO: Subscription and Allotment Overview

Afcons Infrastructure's IPO saw mixed subscription levels across investor segments, ultimately achieving robust interest across the board. The retail segment was subscribed at 94%, indicating a strong turnout but just below full subscription. Non-institutional investors (NIIs) showed particularly high interest, with a subscription rate of 5.05 times, while Qualified Institutional Buyers (QIBs) subscribed 3.79 times of their allocated shares. Employees of Afcons Infrastructure, who were allocated a special category, subscribed at 1.67 times.

The IPO encountered some challenges initially, as only 10% of the offer was subscribed on the first day and 36% by the second. However, it gained significant momentum toward the end of the bidding period. Additionally, the company secured Rs 1,621 crore from anchor investors.

IPO Price, Grey Market Premium, and Market Sentiment

Afcons Infrastructure's IPO was priced at Rs 463 per share. However, according to investorgain.com, the grey market premium (GMP) for Afcons shares remained at Rs 0 as of the allotment date, indicating that shares were trading at the issue price in the unofficial market. The GMP for the IPO had fluctuated over the past month, with a peak of Rs 225 but trending downward recently. This neutral GMP implies that the demand among grey market investors has stabilized, with no premium or discount anticipated in the immediate aftermarket trading.

How to Check Afcons Infrastructure IPO Allotment Status

Investors who participated in the Afcons IPO can now check their allotment status on multiple platforms, including the IPO registrar's portal, Link Intime India, and the BSE and NSE websites. Here's a step-by-step guide on how to verify if you have received shares in the Afcons Infrastructure IPO:

On Link Intime India (Registrar's Site)

• Visit Link Intime's IPO portal.
• Select "Afcons Infrastructure IPO" from the dropdown menu once it appears.
• Choose your application identifier: Application Number, Demat Account, or PAN.
• Select "ASBA" or "Non-ASBA" based on your application method.
• Enter the relevant details as prompted.
• Complete the CAPTCHA and submit the form to view your allotment status.

On BSE

• Navigate to the BSE IPO allotment page.
• Choose "Equity" as the Issue Type.
• Select "Afcons Infrastructure IPO" from the Issue Name dropdown list.
• Input your PAN or application number.
• Confirm you are not a robot by selecting the CAPTCHA checkbox and click "Submit" to access your status.

On NSE

• Visit the NSE IPO status check page.
• Register using the "Click here to sign up" option if not already registered, by entering your PAN.
• Log in with your username, password, and CAPTCHA code.
• Once logged in, navigate to your allotment status to confirm if shares were allocated.

Refund and Credit of Shares to Demat Accounts

For applicants who did not receive any shares in the allotment, the refund process will begin immediately on October 31. Funds will be credited back to the respective bank accounts of these applicants, a process that is generally completes within two to three working days, depending on the applicant's bank. For those who received shares, the allocation will be credited to their demat accounts on the same day, allowing them to trade shares from the listing day itself.

Afcons Infrastructure's Market Position

Afcons Infrastructure is renowned for its expertise in large-scale infrastructure projects, spanning roads, bridges, ports, and tunnelling. By raising funds through this IPO, Afcons aims to improve its financial flexibility and capture more contracts in an industry poised for expansion under the government's infrastructure push.