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AVP Infracon IPO is a book built issue of Rs 52.34 crores. The issue is entirely a fresh issue of 69.79 lakh shares.
AVP Infracon IPO bidding started from March 13, 2024 and ended on March 15, 2024. The allotment for AVP Infracon IPO was finalized on Monday, March 18, 2024. The shares got listed on NSE SME on March 20, 2024.
AVP Infracon 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 AVP Infracon IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market maker for AVP Infracon IPO is Share India Securities.
Refer to AVP Infracon IPO RHP for detailed information.
| IPO Date | March 13, 2024 to March 15, 2024 |
| Listing Date | March 20, 2024 |
| 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 Share India Securities |
AVP Infracon IPO offers 6,979,200 shares. 1,248,000 (17.88%) to QIB, 939,200 (13.46%) to NII, 2,190,400 (31.38%) to RII and 1,870,400 (26.80%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,870,400 (26.80%) |
| Market Maker Shares Offered | 731,200 (10.48%) |
| QIB Shares Offered | 1,248,000 (17.88%) |
| NII (HNI) Shares Offered | 939,200 (13.46%) |
| Retail Shares Offered | 2,190,400 (31.38%) |
| Total Shares Offered | 6,979,200 (100%) |
AVP Infracon IPO raises Rs 14.03 crore from anchor investors. AVP Infracon IPO Anchor bid date is March 12, 2024. AVP Infracon IPO Anchor Investors list
| Bid Date | March 12, 2024 |
| Shares Offered | 1,870,400 |
| Anchor Portion Size (In Cr.) | 14.03 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 17, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 16, 2024 |
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 |
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 |
| Lot Size Calculator | |||
Mr. D Prasanna and Mr. B Venkateshwarlu are the promoters of the company.
| Share Holding Pre Issue | 86.5% |
| Share Holding Post Issue | 62.33% |
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.
| Period Ended | 31 Oct 2023 | 31 Mar 2023 |
| Assets | 17,232.87 | 14,670.84 |
| Revenue | 7,411.90 | 11,550.09 |
| Profit After Tax | 855.78 | 1,205.31 |
| Net Worth | 3,405.31 | 2,549.66 |
| Reserves and Surplus | 1,605.31 | 2,069.66 |
| Total Borrowing | 7,791.95 | 6,729.31 |
| Amount in ₹ Lakhs | ||
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 (%) | 11.91 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.7 | 5.87 |
| P/E (x) | 11.2 | 12.77 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] he company is involved in constructions activities under BOQ and EPC methods. For the reported financial periods, it marked growth. Based on FY24 annualized earnings, the issue appears fully priced. The company puts major thrust for EPC projects that are high margin contracts and contributes over 60% in its total revenue/order book. Well-informed investors may park funds for the medium to long term rewards. Read detail review...
The AVP Infracon IPO is subscribed 21.45 times on March 15, 2024 6:22:00 PM. The public issue subscribed 22.49 times in the retail category, 1.05 times in the QIB category, and 46.15 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.05 |
| NII | 46.15 |
| Retail | 22.49 |
| Total | 21.45 |
Total Application : 30,791 (22.49 times)
| Listing Date | March 20, 2024 |
| BSE Script Code | |
| NSE Symbol | AVPINFRA |
| ISIN | INE0R9401019 |
| Final Issue Price | ₹75 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹75.00 |
| ₹79.00 |
| ₹75.05 |
| ₹79.00 |
| ₹75.05 |
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/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
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AVP Infracon IPO is a SME IPO of 6,979,200 equity shares of the face value of ₹10 aggregating up to ₹52.34 Crores. The issue is priced at ₹71 to ₹75 per share. The minimum order quantity is 1600 Shares.
The IPO opens on March 13, 2024, and closes on March 15, 2024.
Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in AVP Infracon IPO using UPI as a payment gateway. Zerodha customers can apply in AVP Infracon IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in AVP Infracon IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The AVP Infracon IPO opens on March 13, 2024 and closes on March 15, 2024.
AVP Infracon IPO lot size is 1600 Shares, and the minimum amount required is ₹120,000.
You can apply in AVP Infracon IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for AVP Infracon IPO will be done on Monday, March 18, 2024, and the allotted shares will be credited to your demat account by Tuesday, March 19, 2024. Check the AVP Infracon IPO allotment status.
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