Afcons Infra, part of the Shapoorji Pallonji Group, made its stock market debut at a notable 8% discount, listing at Rs 426 per share on November 4 against an IPO offer price of Rs 463.
Despite a strong response to its initial share sale, which achieved a 2.63 times subscription rate, the stock opened below its expected value. Set within a price band of Rs 440-463, Afcons Infra attracted investor interest during its three-day subscription period but opened weaker on the NSE. The stock traded around Rs 450, reflecting investor sentiment post-listing.