AVP Infracon Limited IPO Detail
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.
Company Promoters
Mr. D Prasanna and Mr. B VenkateshwarluIPO Details
| IPO Opening Date | Mar 13, 2024 |
| IPO Closing Date | Mar 15, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹71 - 75 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹52.34 Cr |
| Fresh Issue | ₹52.34 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 0.63x | 1.71x | 0.99x |
| Day 2 | 0.00x | 0.00x | 0.00x | 2.51x | 5.80x | 3.44x |
| Day 3 | 1.05x | 0.00x | 0.00x | 46.15x | 22.49x | 21.45x |
IPO Tentative Timetable
The AVP Infracon Limited IPO open date is Mar 13, 2024, and the close date is Mar 15, 2024. The issue may list on Mar 20, 2024.
| IPO Open Date | Mar 13, 2024 |
| IPO Close Date | Mar 15, 2024 |
| Basis of Allotment Date | Mar 18, 2024 |
| Initiation of Refunds | Mar 19, 2024 |
| Credit of Shares to Demat Account | Mar 19, 2024 |
| IPO Listing Date | Mar 20, 2024 |
IPO Lot Size
The AVP Infracon Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹120000 |
| Maximum | 1 | 1600 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 86.5% |
| Post Issue Share Holding | 62.34% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 4917.36 | 6362.17 | 170.05 |
| 31-Mar-22 | 5892.30 | 7174.20 | 276.88 |
| 31-Mar-23 | 14670.84 | 11550.09 | 1205.31 |
| 31-Oct-23 | 17232.87 | 7411.90 | 855.78 |
Objects of the Issue:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Purchase Capital Equipment,
- To Meet Working Capital Requirements,
- General corporate purposes, and
- To meet Public Issue Expenses.
AVP Infracon Limited IPO Registrar:
Purva Sharegistry India Pvt Ltd
AVP Infracon Limited IPO Lead Manager(s):
Share India Capital Services Private Limited
Company Contact Information:
AVP Infracon Limited
Plot No. E-30, Second floor,
2nd Avenue, Besant Nagar,
Chennai- 600090
