Afcons Infrastructure IPO closes today
The initial public offering of Afcons Infrastructure, flagship infrastructure, engineering, and construction company of the Shapoorji Pallonji group, closes today for public subscription. The IPO, so far, has received only a lukewarm response from investors. At the end of Day 2, the issue undersubscribed at just 0.36 time. The ₹5,430-crore IPO consists of a mix of…