IPO

AVP Infracon Limited IPO

NSE SME

Listed On: Mar 20, 2024 at ₹ 79.0

₹ 120000 /1600 Shares

Check Allotment

AVP Infracon Limited IPO Details

13 Mar, 2024

Open Date

15 Mar, 2024

Close Date

18 Mar, 2024

Allotment Date

20 Mar, 2024

Listing Date

Issue Price

₹71-75 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Purva Sharegistry India Pvt Ltd

List Price

79.0

Listing Date

2024-03-20

Market Lot

1600 Shares (₹120,000/-)

Lead Manager

Share India Capital Services Private Limited

Issue Size

6,979,200 shares(aggregating up to ₹52.34 Cr)

Retail Portion

35%

Subscription

21.62 times

IPO Docs

AVP Infracon Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved1,248,000 / 939,2002,190,4004,377,600
Day 1 - 13-03-24 06:00 PM0.00 / 0.63 x1.71 x0.99 x
Day 2 - 14-03-24 06:00 PM0.00 / 2.51 x5.80 x3.44 x
Day 3 - 15-03-24 06:00 PM1.05 / 46.93 x22.49 x21.62 x
Total No. of Applications: 30,791 (Approx)

AVP Infracon Limited Valuations

EPS Pre IPO

₹6.7/-

EPS Post IPO

₹5.87/-

P/E Pre IPO

11.2

P/E Post IPO

12.77

RoNW

25.05%

AVP Infracon Limited Company Financials All values are in ₹ Lakh

31-Mar-2331-Mar-2231-Mar-21
Assets14,670.845,892.304,917.36
Revenue11,550.097,174.206,362.17
Profit After Tax1,205.31276.88170.05

About The Company

AVP Infracon Limited was established in 2009 and is engaged in the construction of road projects on the basis of Bill of Quantities (BOQ) and Engineering, Procurement and Construction (EPC). The company was previously known as AVP Constructions Private Limited.

The company provides all types of infrastructure development works, civil works like expressways, national highways, flyovers, bridges and viaducts, irrigation projects, urban development - civic amenities, hospitals, warehouses, hotels and other commercial and residential projects. The company bids for construction of roads, bridges, irrigation and canal projects, flyovers and industrial areas, mainly in the state of Tamil Nadu.

As of January 2024, the company has completed over 40 projects worth around Rs. 31,321.03 lakhs and employs more than 100 people

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AVP Infracon Limited - Promoter(s)

Pre Issue Share Holding: 86.50%

Post Issue Share Holding: 62.34%

Company Promoter(s)

  1. Mr. D Prasanna
  2. Mr. B Venkateshwarlu

AVP Infracon Limited IPO - Issue Objectives

  1. To Purchase Capital Equipment
  2. To Meet Working Capital Requirements
  3. General corporate purposes
  4. To meet Public Issue Expenses.

AVP Infracon Limited IPO - FAQs

Ans. AVP Infracon Limited IPO is a SME IPO. The issue is priced at ₹71-75 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Mar 13, 2024, and closes on Mar 15, 2024. Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The AVP Infracon Limited IPO opens on Mar 13, 2024 and closes on Mar 15, 2024.

Ans. The size of AVP Infracon Limited IPO is 6,979,200 shares(aggregating up to ₹52.34 Cr).

Ans. The IPO price band is set between ₹71-75 per equity share.

Ans. To apply for AVP Infracon Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find AVP Infracon Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of AVP Infracon Limited IPO is Mar 18, 2024.

Ans. The AVP Infracon Limited IPO will be listed on Mar 20, 2024.

Ans. Follow the steps to check the allotment status for AVP Infracon Limited IPO here.