Afcons Infrastructure's IPO, which raised Rs 5,430 crore, had a slow start, with only 20% of the shares subscribed on the second day of bidding.

Retail investors showed interest by booking 28% of their reserved portion, while non-institutional investors subscribed at 26%. The employee quota had a strong response, with 79% subscribed, while Qualified Institutional Buyers (QIBs) only purchased 1% of their allocated shares.

Afcons Infrastructure, a part of the Shapoorji Pallonji group, has a long history of over 60 years in the engineering and construction sector and operates in Asia, Africa, and the Middle East with five major infrastructure business verticals.