Amid the selling pressure in the market, another company has been listed today. Shares of Afcons Infrastructure have been listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on Monday. On both the exchanges, this listing has been done at a discount to the issue price. The issue price of Afcons Infrastructure IPO is fixed at ₹ 463 per share.

In comparison, Afcons Infrastructure shares have been listed at a discount of 7%. This stock was listed on BSE at a price of ₹ 430.05 per share. Whereas, on NSE it was listed at a price of ₹ 425.10 per share.

This IPO, which was open between 25 and 29 October, received a good response from investors. This IPO was subscribed a total of 2.7 times, out of which the portion reserved for the QIB category was subscribed about 4 times and the category reserved for NII was subscribed about 5.31 times. The retail category subscribed it 99%. Whereas, it was also subscribed 1.77 times from the employee category. Also read: These 2 companies are distributing double dividend, only a few days left to take advantage Through the Afcons Infrastructure IPO, the company has issued 117,278,618 equity shares at a face value of ₹ 10 per share. The company has raised a total of ₹5430 crore from this IPO. The price band of this issue was fixed at ₹440 - ₹463 per share. Afcons Infrastructure is the flagship infrastructure company of Shapoor Pallonji Group. 30% of the company's income comes from exports. Growth in the company's income and profits has been seen in the recent past. The order book is also more than 40,000 crores. The company has said that the funds raised from this IPO will be used to purchase construction equipment. Apart from this, it will be used for other working capital needs in the long term. Also, this fund will be used to prepay some part of the outstanding.