Bookbuilding IPO | ₹52 Cr | Listed at NSE SME | Wed, Mar 13, 2024 - Fri, Mar 15, 2024
AVP Infracon IPO is a book build issue of ₹52.34 crores. The issue is entirely a fresh issue of 0.70 crore shares of ₹52.34 crore.
AVP Infracon IPO bidding started from Mar 13, 2024 and ended on Mar 15, 2024. The allotment for AVP Infracon IPO was finalized on Mar 18, 2024. The shares got listed on NSE SME on Mar 20, 2024.
AVP Infracon IPO price band is set at ₹75 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,20,000 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,40,000.
Share India Capital Services Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Share India Securities Ltd..
Refer to AVP Infracon IPO RHP for detailed Information.
IPO Open
Wed, Mar 13, 2024
IPO Close
Fri, Mar 15, 2024
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹187.34 Cr
| IPO Date | 13 to 15 Mar, 2024 |
| Listed on | Wed, Mar 20, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 |
| Issue Price | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 69,79,200 shares (agg. up to ₹52 Cr) |
| Reserved for Market Maker | 7,31,200 shares Share India Securities Ltd. (agg. up to ₹5 Cr) |
| Fresh Issue (Ex Market Maker) | 62,48,000 shares (agg. up to ₹47 Cr) |
| Net Offered to Public | 62,48,000 shares (agg. up to ₹47 Cr) |
| Share Holding Pre Issue | 1,80,00,000 shares |
| Share Holding Post Issue | 2,49,79,200 shares |
| NSE Symbol | AVPINFRA |
| ISIN | INE0R9401019 |
AVP Infracon IPO comprises a total issue size of 69,79,200 shares. The net offer to the public is 62,48,000 shares, after excluding 7,31,200 shares allotted on a firm basis. Of the Net offer 31,18,400 (49.91%) are allocated to QIB, 9,39,200 (15.03%) allocated to NII 21,90,400 (35.06%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 31,18,400 | 49.91% | 44.68% |
| − Anchor Investor Shares Offered | 18,70,400 | 26.80% | |
| − QIB (Ex. Anchor) Shares Offered | 12,48,000 | 17.88% | |
| NII (HNI) Shares Offered | 9,39,200 | 15.03% | 13.46% |
| Retail Shares Offered | 21,90,400 | 35.06% | 31.38% |
| Firm Reservations | |||
| Market Maker Shares Offered | 7,31,200 | 10.48% | |
| Total Shares Offered | 69,79,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,20,000 |
| Retail (Max) | 1 | 1,600 | ₹1,20,000 |
| HNI (Min) | 2 | 3,200 | ₹2,40,000 |
AVP Infracon IPO raises ₹14.03 crore from anchor investors. AVP Infracon IPO Anchor bid date is March 12, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Mar 12, 2024 |
| Shares Offered | 18,70,400 |
| Anchor Portion (₹ Cr.) | 14.03 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Apr 17, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Jun 16, 2024 |
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 | 172.33 | 146.71 |
| Total Income | 74.12 | 115.50 |
| Profit After Tax | 8.56 | 12.05 |
| NET Worth | 34.05 | 25.50 |
| Reserves and Surplus | 16.05 | 20.70 |
| Total Borrowing | 77.92 | 67.29 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Purchase Capital Equipment | 15.00 |
| 2 | To Meet Working Capital Requirements | 30.00 |
| 3 | General corporate purposes | 4.84 |
| KPI | Oct 31, 2023 |
|---|---|
| ROE | 25.05% |
| ROCE | 22.63% |
| Debt/Equity | 1.96 |
| RoNW | 25.05% |
| PAT Margin | 11.91% |
| Price to Book Value | 3.96 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.70 | 5.87 |
| P/E (x) | 11.2 | 12.77 |
| Promoter Holding | 86.5% | 62.33% |
| Market Cap | ₹187.34 Cr. |
The AVP Infracon IPO is subscribed 21.45 times on March 15, 2024 6:22:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.05 | 12,48,000 | 13,10,400 |
| NII* | 46.15 | 9,39,200 | 4,33,42,400 |
| Retail | 22.49 | 21,90,400 | 4,92,65,600 |
| Total | 21.45 | 43,77,600 | 9,39,18,400 |
Total Application : 30,791
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.40 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 1.82 |
| 4 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.15 |
| 5 | Fees payable to Peer Review Auditor | 0.03 |
| 6 | Fees Payable to Market Maker (for Three Years) | 0.09 |
| 7 | Escrow Bank Fees | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹79.00 |
| Low | ₹75.05 |
| High | ₹79.00 |
| Last Trade | ₹75.05 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
AVP Infracon IPO is a SME IPO of 69,79,200 equity shares of the face value of ₹10 aggregating up to ₹52 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Mar 13, 2024, and closes on Fri, Mar 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 Wed, Mar 13, 2024 and closes on Fri, Mar 15, 2024.
AVP Infracon IPO lot size is 1600, and the minimum amount required for application is ₹1,20,000.
You can apply in AVP Infracon IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Tue, Mar 19, 2024. Check the AVP Infracon IPO allotment status.
The AVP Infracon IPO listing date is on Wed, Mar 20, 2024.
