Afcons Infrastructure IPO GMP History
Afcons Infrastructure IPO has been listed on November 4, 2024 at a listing price of ₹426, against the issue price of ₹463 — a loss of ₹37 (-7.99%). The GMP peaked at ₹210 on 21 October 2024 and reached a low of ₹0 on 31 October 2024. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Afcons Infrastructure IPO raised ₹5430 Cr. through its IPO at a price band of ₹440 to ₹463 per share, with a lot size of 32 shares. The IPO was open for subscription from 25 Oct 2024 to 29 Oct 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 11:18 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 31 Oct 2024 | ₹ 0 | ▼ | -- | — | — |
| 30 Oct 2024 | ₹ 5 | ▼ | 1% | — | — |
| 29 Oct 2024 | ₹ 37 | ▲ | 8% | — | — |
| 28 Oct 2024 | ₹ 25 | ▲ | 5% | — | — |
| 26 Oct 2024 | ₹ 20 | ▼ | 4% | — | — |
| 25 Oct 2024 | ₹ 60 | — | 13% | — | — |
| 24 Oct 2024 | ₹ 60 | ▲ | 13% | — | — |
| 23 Oct 2024 | ₹ 50 | ▼ | 11% | — | — |
| 22 Oct 2024 | ₹ 90 | ▼ | 19% | — | — |
| 21 Oct 2024 | ₹ 210 | — | 45% | — | — |
Afcons Infrastructure IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 25 Oct 2024
- Close 29 Oct 2024
- Allotment 30 Oct 2024
- Refund/credit 31 Oct 2024
- Listing 04 Nov 2024
Afcons Infrastructure IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹463 |
|---|---|
| Listing gain / loss | −₹37 per share |
| Listing date | 04 Nov, 2024 |
| Actual listing price | ₹426 (-7.99%) |
Is Afcons Infrastructure IPO GMP reliable?
Grey market premium for Afcons Infrastructure IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Afcons Infrastructure IPO full review for a fundamentals-based assessment before making any grey market trades.
Afcons Infrastructure IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Afcons Infrastructure IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Afcons Infrastructure IPO
Afcons Infrastructure Limited is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji group.
It has a strong record of executing technologically complex EPC projects in India and internationally. As per the Fitch report, it is one of India's largest international infrastructure construction companies.
Its promoters are Goswami Infratech, Shapoorji Pallonji and Company, Floreat Investments, Shapoorji Pallonji Mistry, Firoz Cyrus Mistry and Zahan Cyrus Mistry. Before the offer, Goswami Infratech sold 62,548,264 shares through pre-IPO deals.
The IPO was Rs 5,430 crore, with Rs 1,251.73 crore of fresh issue and Rs 4,178.27 crore of offer for sale by Goswami Infratech. Fresh money was planned for equipment, working capital and repaying borrowings.
Frequently asked
What is the GMP of Afcons Infrastructure IPO?
The current Grey Market Premium (GMP) of Afcons Infrastructure IPO is not yet started or active in the market.
What is the Kostak Price of Afcons Infrastructure IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Afcons Infrastructure IPO is not available.
What is the Subject to Sauda Price of Afcons Infrastructure IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Afcons Infrastructure IPO?
Afcons Infrastructure IPO listed on November 4, 2024 at ₹426, against the issue price of ₹463 — a loss of -7.99%.
How did the GMP of Afcons Infrastructure IPO trend before listing?
The GMP of Afcons Infrastructure IPO was falling in its final days before listing. The GMP peaked at ₹210 on 21 October 2024. View the day-wise table above for the complete GMP history.
Explore Afcons Infrastructure IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
