AVP Infracon IPO opens for subscription on March 13, 2024 and closes on March 15, 2024.
IPO is a book built issue of Rs 52.34 crores. The issue is entirely a fresh issue of 69.79 lakh shares. The allotment for the AVP Infracon IPO is expected to be finalized on Monday, March 18, 2024. IPO will list on NSE SME with tentative listing date fixed as Wednesday, March 20, 2024.
IPO price band is set at ₹71 to ₹75 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹240,000.
Share India Capital Services Private Limited is the book running lead manager of the IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market maker for IPO is Share India Securities.
About AVP Infracon Limited
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.
AVP Infracon IPO Details
| IPO Date | March 13, 2024 to March 15, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 6,979,200 shares (aggregating up to ₹52.34 Cr) |
| Fresh Issue | 6,979,200 shares (aggregating up to ₹52.34 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,000,000 |
| Share holding post issue | 24,979,200 |
| Market Maker portion | 731,200 shares |
AVP Infracon IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
AVP Infracon IPO Timeline (Tentative Schedule)
AVP Infracon IPO opens on March 13, 2024, and closes on March 15, 2024.
| IPO Open Date | Wednesday, March 13, 2024 |
| IPO Close Date | Friday, March 15, 2024 |
| Basis of Allotment | Monday, March 18, 2024 |
| Initiation of Refunds | Tuesday, March 19, 2024 |
| Credit of Shares to Demat | Tuesday, March 19, 2024 |
| Listing Date | Wednesday, March 20, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 15, 2024 |
AVP Infracon IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 Limited Financial Information (Restated Consolidated)
AVP Infracon Limited’s revenue increased by 60.99% and profit after tax (PAT) rose by 335.32% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 17,232.87 | 14,670.84 | 5,892.30 | 4,917.36 |
| Revenue | 7,411.90 | 11,550.09 | 7,174.20 | 6,362.17 |
| Profit After Tax | 855.78 | 1,205.31 | 276.88 | 170.05 |
| Net Worth | 3,405.31 | 2,549.66 | ||
| Reserves and Surplus | 1,605.31 | 2,069.66 | 566.65 | 409.77 |
| Total Borrowing | 7,791.95 | 6,729.31 | ||
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of AVP Infracon IPO is Rs 187.34 Cr.
KPI as of October 31, 2023.
| KPI | Values |
|---|---|
| ROE | 25.05% |
| ROCE | 22.63% |
| Debt/Equity | 1.96 |
| RoNW | 25.05% |
| P/BV | 3.96 |
| PAT Margin (%) | 11.7 |
AVP Infracon Limited Contact Details
Plot No. E-30, Second floor,
2nd Avenue, Besant Nagar,
Chennai- 600090
Phone: +91-44-48683999
Email: cs@avpinfra.com
Website: http://www.avpinfra.com/
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