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 name | AVP Infracon Limited |
| Sector | Infrastructure |
| Industry | Engineering – Construction |
| Company Website | https://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 date | 13 March 2024 |
| IPO Closing | 15 March 2024 |
| Basis of Allotment | 18 March 2024 |
| Initiation Refund | 19 March 2024 |
| Credit to Demat Account | 19 March 2024 |
| Listing Date | 20 March 2024 |
AVP Infracon IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹52.34 Cr – 6,979,200 shares |
| Fresh Issue | ₹52.34 Cr – 6,979,200 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 731,200 shares |
| Shareholding pre-issue | 18,000,000 |
| Shareholding post-issue | 24,979,200 |
| Listing Exchange | NSE SME |
AVP Infracon IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| HNI (Min) | 2 | 3,200 | ₹240,000 |
AVP Infracon IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
AVP Infracon Financial Performance
| FY 2023 | 7M FY 2024 | |
| Revenue | 114.98 | 74.05 |
| Expenses | 92.12 | 56.70 |
| Net income | 12.15 | 8.67 |
AVP Infracon Valuations & Margins
| FY 2023 | |
| EPS | 6.70 |
| PE ratio | 10.60 – 11.19 |
| RONW (%) | 47.27 |
| NAV | 14.16 |
| ROCE (%) | 37.71 |
| EBITDA (%) | 19.89 |
| Debt/Equity | 2.70 |
Company Promoters
- Mr. D Prasanna
- Mr. B Venkateshwarlu
Promoter Holding
| Pre Issue Share Holding | 86.5% |
| Post Issue Share Holding | 62.34% |
AVP Infracon IPO Lead Manager(s)
SHARE INDIA CAPITAL SERVICES PRIVATE LIMITED
A-15, Sector-64,
Noida –201301, UP, India
Phone: +91-0120-4910000
Email: info@shareindia.com
Website: www.shareindia.com
AVP Infracon Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
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
AVP INFRACON LIMITED
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
