AVP Infracon Limited is engaged in the business of construction and transacts the business to construct, build, alter, acquire, convert, improve, design, erect, establish, equip, develop, dismantle, pull down, level, decorate, fabricate, reconstruct, renovate, remodel, rebuild all types of infrastructure developmental works, constructions works such as technically complex and high value projects like Express ways, National Highways, Flyovers, Bridges and Viaducts, Irrigation Projects, Urban Development – Civic amenities, Hospitals, warehouses, hotels and other Commercial and Residential Projects.
As of March 2024, the company has total 14 projects including 12 on-going projects worth approximately ₹ 20,188.91 lakhs, and 2 additional projects worth approximately ₹ 3,421.34 lakhs wherein AVP Infracon Limited becomes L1, suggesting its strong order book.
As of March 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 Opening Date | 13 March 2024 |
| IPO Closing Date | 15 March 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 69,79,200 Shares Worth ₹52.34 Crore Fresh Issue: 69,79,200 Shares Worth ₹52.34 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹71 – ₹75 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Purva Sharegistry India Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
AVP Infracon IPO – Date Schedule
| IPO Open Date | 13 March 2024 |
| IPO Close Date | 15 March 2024 |
| Basis of Allotment | 18 March 2024 |
| Initiation of Refund | 19 March 2024 |
| Credit of Shares to Demat Account | 19 March 2024 |
| IPO Listing Date | 20 March 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 15, 2024 |
AVP Infracon IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | ₹1,20,000 |
| Retail (Maximum) | 1 | 1600 | ₹1,20,000 |
| HNI (Minimum) | 2 | 3200 | ₹2,40,000 |
Competitive Strengths
- Experienced and Qualified Team.
- Strong Order Book of roads, bridge and flyovers from state government.
- Quality Assurance.
- Experienced Management Team.
Company Promoters
- Mr. D Prasanna
- Mr. B Venkateshwarlu
Object Of The Issue
- To Purchase Capital Equipment,
- To Meet Working Capital Requirements,
- General corporate purposes, and
- To meet Public Issue Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | 115.50 | 92.11 | 12.05 | 67.29 |
| 31 October 2023 | 74.11 | 56.70 | 8.55 | 77.91 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 25.05% |
| ROCE | 22.63% |
| Debt/Equity | 1.96 |
| RoNW | 25.05% |
| P/BV | 3.96 |
| PAT Margin (%) | 11.7 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 6.7 | 5.87 |
| P/E (x) | 11.2 | 12.77 |
AVP Infracon IPO Promoter Holding
| Pre Issue Share Holding | 86.5% |
| Post Issue Share Holding | 62.34% |
AVP Infracon IPO Prospectus
Company Contact Information
| AVP Infracon Limited 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/ |
AVP Infracon IPO Registrar
| Purva Sharegistry India Pvt Ltd Phone: +91-022-23018261/ 23016761 Email: support@purvashare.com Website: https://www.purvashare.com/investor-service/ipo-query |
AVP Infracon IPO Lead Manager(s)
| 1. Share India Capital Services Private Limited |
AVP Infracon IPO FAQs
| What is AVP Infracon IPO? AVP Infracon IPO is a SME IPO. The issue is priced at ₹71 – ₹75 per equity share. The IPO is to be listed on NSE SME. |
| When AVP Infracon IPO will open? The IPO is to open on 13 March 2024 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to AVP Infracon IPO? You can apply AVP Infracon IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the AVP Infracon IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “AVP Infracon”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the AVP Infracon IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “AVP Infracon”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is AVP Infracon IPO Size? AVP Infracon IPO size is ₹52.34 crores. |
| What is AVP Infracon IPO Price Band? AVP Infracon IPO Price Band is ₹71 – ₹75. |
| What is AVP Infracon IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,20,000 amount while the maximum bid is 1600 shares with ₹1,20,000. |
| What is the AVP Infracon IPO Allotment Date? AVP Infracon IPO allotment date is 18 March 2024. |
| What is the AVP Infracon IPO Listing Date? AVP Infracon IPO listing date is 20 March 2024. The IPO is to list on NSE SME. |
