AVP Infracon Ltd
Price Range
₹71 - ₹75
Min. Quantity
1,600
Closes on
15 March 2024
Min. investment
₹1,20,000/1,600 Shares
AVP Infracon Ltd IPO Timeline
AVP Infracon Ltd. was incorporated as AVP Constructions Private Limited vide Certificate of Incorporation dated September 09, 2009 in Chennai. Subsequently, the name of Company was changed to 'AVP Infracon Private Limited' dated October 06, 2023. Subsequently, it got converted into a Public Limited Company and the name of Company changed from 'AVP Infracon Private Limited' to 'AVP Infracon Limited' vide a fresh Certificate of Incorporation dated November 17, 2023 issued by the Registrar of Companies, Chennai.
| Event | Date |
|---|---|
| AVP Infracon Ltd IPO Opening Date | 13 March 2024 |
| AVP Infracon Ltd IPO Closing Date | 15 March 2024 |
| Basis of Allotment | 18 March 2024 |
| Initiation of Refunds | 19 March 2024 |
| Credit of Shares to Demat | 19 March 2024 |
| AVP Infracon Ltd IPO Listing Date | 20 March 2024 |
AVP Infracon Ltd IPO Details
| AVP Infracon Ltd IPO Date | 13 March 2024 to 15 March 2024 |
| AVP Infracon Ltd IPO Face Value | ₹10 per share |
| AVP Infracon Ltd IPO Price | ₹71 to ₹75 per share |
| AVP Infracon Ltd IPO Lot Size | 1,600 |
| Issue Size | Shares of ₹10 (aggregating up to ₹52.34 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹52.34 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | D Prasanna, B Venkateshwarlu, Vasanth D |
AVP Infracon Ltd IPO Lot Size
The AVP Infracon Ltd IPO lot size is 1,600 shares. A retail-individual investor can apply for up to 1 lots (1,600 shares or ₹1,20,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,600 | ₹1,20,000 |
| Maximum | 1 | 1,600 | ₹1,20,000 |
- Strengths
- Risks
- Opportunities
- Experienced and Qualified Team.
- Strong Order Book of roads, bridge and flyovers from state government.
- Quality Assurance.
- Experienced Management Team.
Company Financials
AVP Infracon Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 197.09 | 152.75 | 18.29 |
| 03-2023 | 119.33 | 107.15 | 11.52 |
| 03-2022 | 62.4 | 64.03 | 3.99 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- To purchase capital equipment
- To meet working capital requirements
- General corporate purposes
AVP Infracon Ltd IPO Promoter Holding
| Pre Issue Share Holding | 46.46% |
| Post Issue Share Holding | 33.48% |
AVP Infracon Ltd IPO Subscription Status (Bidding Detail)
The AVP Infracon Ltd IPO is subscribed 13.5617 times on 15 March 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 13.5617 |
AVP Infracon Ltd IPO Prospectus
AVP Infracon Ltd IPO Listing Date
| Listing Date | 20 March 2024 |
| BSE Script | 92727 |
| NSE Symbol | AVPINFRA |
| Listing In | NSE - SME |
| ISIN | INE0R9401019 |
| IPO Price | ₹75 |
| Face Value | ₹10 |
Company Contact Information
Plot No E 30 Second FloorIInd Avenue Besant Nagar,Chennai-600090
Phone: +91 44 4868 3999
Email: cs@avpinfra.com
Website: www.avpinfra.com
AVP Infracon Ltd IPO Registrar
AVP Infracon Ltd IPO Lead Manager(s)
- Share India Capital Services Pvt Ltd
FAQ
What is the issue size of AVP Infracon Ltd IPO?
I have pre-applied for AVP Infracon Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.