The fears of a recession have been shaking global markets, driving investors away from risky assets.
The IPO is set to open on August 6 and will remain open for bidding until August 8.
The much-anticipated ₹4,194-Crore initial public offering (IPO) is set to open for subscription on August 6.
The company announced the addition of 54 net new stores in under-penetrated markets, increasing its total store count to 1,836 as of June 30, 2024.
The company's first-quarter results were released during market hours, contributing to the positive market response.
The Indian stock market's sharp decline on August 5 reflects a widespread negative sentiment among investors, driven by various economic and market factors.
The IPO includes a fresh issue of equity shares up to ₹5,500 crore and an offer for sale (OFS) of 8.49 lakh equity shares valued at ₹645.56 crore
The company expects to raise 1,252.66 crore from its initial offer, with 684.25 crore for issuing new shares.
The company's first-quarter earnings before interest, taxes, depreciation, and amortisation (EBITDA) were ₹622 Crore.
Ashoka Buildcon Ltd works in the construction and infrastructure facilities sectors, using both the EPC and build-operate-transfer methods.
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