Thu Oct 24 15:40:19 UTC 2024: ### Summary of Afcons Infrastructure IPO News Article:

– **IPO Date**: Afcons Infrastructure Limited will launch its initial public offering (IPO) on October 25, 2024, and it will remain open until October 29, 2024.

– **Price Band**: The price band for the IPO is set between ₹440 and ₹463 per equity share.

– **Fundraising Goal**: The company aims to raise ₹5,430 crore, with ₹4,180 crore raised through an Offer for Sale (OFS) and ₹1,250 crore through fresh share issuance.

– **Listing**: The IPO is proposed to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

– **Grey Market Premium**: Shares are currently trading with a premium of ₹76 in the grey market.

– **Lot Size**: Investors can apply in lots of 32 shares.

– **Allotment Date**: The expected allotment date for shares is October 30, 2024.

– **Registrar**: Link Intime India Private Limited has been appointed as the official registrar for the IPO.

– **Lead Managers**: The lead managers for the IPO include ICICI Securities, Dam Capital Advisors, Jefferies India, Nomura Financial Advisory and Securities (India), Nuvama Wealth Management, and SBI Capital Markets.

– **Listing Date**: The anticipated listing date for the IPO is November 4, 2024, due to a stock market holiday on November 1 for Diwali.

– **Performance Review**: In FY24, Afcons Infrastructure reported a 6% year-on-year rise in annual revenue, with a 9% increase in profit after tax (PAT).

This information is crucial for investors and market observers tracking the upcoming IPOs in India.

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