AVP Infracon IPO

AVP Infracon IPO will open for subscription from 13 March 2024. The company aims for an issue size of ₹52.34 Cr through this IPO.

Company Overview

Full nameAVP Infracon Limited
IndustryEngineering – Construction
Company Websitehttps://avpinfra.com/

About Company

AVP Infracon is a dynamic private sector firm engaged in the construction of road projects using Bill of Quantities (BOQ) and Engineering, Procurement, and Construction (EPC) methods. The company is involved in all types of infrastructure development works, including technically complex and high-value projects such as expressways, national highways, flyovers, bridges, viaducts, irrigation projects, urban development projects (including civic amenities, hospitals, warehouses, hotels, and other commercial and residential projects).

AVP Infracon bids for the construction of roads, bridges, irrigation and canal projects, flyovers, and industrial areas, primarily in the state of Tamil Nadu. The company has established long-standing relationships with clients such as PWD, NH (MoRTH), the Government of Tamil Nadu, and various local bodies. As of January 2024, the company has completed over 40 projects worth approximately INR 313.21 crore and employs more than 100 people.

The Objectives of the Issue

  • To Purchase Capital Equipment,
  • To Meet Working Capital Requirements,
  • General corporate purposes, and
  • To meet Public Issue Expenses.

AVP Infracon IPO Timetable

IPO Opening date13 March 2024
IPO Closing15 March 2024
Basis of Allotment18 March 2024
Initiation Refund19 March 2024
Credit to Demat Account19 March 2024
Listing Date20 March 2024
(Cut-off time for UPI mandate confirmation – 5 PM on March 15, 2024)

AVP Infracon IPO details

Issue typeBook Built Issue IPO
IPO issue size₹52.34 Cr – 6,979,200 shares
Fresh Issue₹52.34 Cr – 6,979,200 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹71 to ₹75 per share
Lot size1600 Shares
Market Maker portion731,200 shares
Shareholding pre-issue18,000,000
Shareholding post-issue24,979,200
Listing ExchangeNSE SME

AVP Infracon IPO Lot Size

Retail (Min)11600₹120,000
Retail (Max)11600₹120,000
HNI (Min)23,200₹240,000

AVP Infracon IPO Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

AVP Infracon Financial Performance

 FY 20237M FY 2024
Net income12.158.67
(Amount in ₹ Crores)

AVP Infracon Valuations & Margins

FY 2023
PE ratio10.60 – 11.19
RONW (%)47.27
ROCE (%)37.71
EBITDA (%)19.89

Company Promoters

  • Mr. D Prasanna
  • Mr. B Venkateshwarlu

Promoter Holding

Pre Issue Share Holding86.5%
Post Issue Share Holding62.34%

AVP Infracon IPO Lead Manager(s)

A-15, Sector-64,
Noida –201301, UP, India

AVP Infracon Registrar

9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone: +91-22-2301 8261
Email: support@purvashare.com
Website: www.purvashare.com

AVP Infracon Contact Details

Plot No. E-30, Second floor, IInd Avenue,
Besant Nagar, Chennai- 600090, Tamil Nadu
Phone: +91-44-48683999
E-mail: cs@avpinfra.com
Website: www.avpinfra.com

AVP Infracon IPO Allotment Status

AVP Infracon IPO allotment status will be available on Purva Sharegistry’s website. Click on this link to get allotment status.

Final thoughts

AVP Infracon IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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