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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 ₹75.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,13,600 (1600 shares). The minimum lot size investment for 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 Date | March 13, 2024 to March 15, 2024 |
| Listing Date | March 20, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹71 to ₹75 per share |
| Issue Price Final | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 69,79,200 shares (aggregating up to ₹52.34 Cr) |
| Reserved for Market Maker | 7,31,200 shares Share India Securities Ltd. (aggregating up to ₹5.48 Cr) |
| Net Offered to Public | 62,48,000 shares (aggregating up to ₹46.86 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,80,00,000 shares |
| Share Holding Post Issue | 2,49,79,200 shares |
AVP Infracon IPO offers total 69,79,200 shares. Out of which 31,18,400 (44.68%) allocated to QIB, 12,48,000 (17.88%) allocated to QIB, 9,39,200 (13.46%) allocated to NII, 21,90,400 (31.38%) allocated to RII and 18,70,400 (26.80%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 7,31,200 (10.48%) |
| QIB Shares Offered | 31,18,400 (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 (13.46%) |
| Retail Shares Offered | 21,90,400 (31.38%) |
| Total Shares Offered | 69,79,200 (100.00%) |
AVP Infracon IPO raises ₹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 | 18,70,400 |
| 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 | Wed, Mar 13, 2024 |
| IPO Close Date | Fri, Mar 15, 2024 |
| Tentative Allotment | Mon, Mar 18, 2024 |
| Initiation of Refunds | Tue, Mar 19, 2024 |
| Credit of Shares to Demat | Tue, Mar 19, 2024 |
| Tentative Listing Date | Wed, Mar 20, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 15, 2024 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 ₹187.34 Cr.
KPI as of Tue, Oct 31, 2023.
| KPI | Values |
|---|---|
| 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 Rs | 6.70 | 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...
| Listing Date | March 20, 2024 |
| BSE Script Code | |
| NSE Symbol | AVPINFRA |
| ISIN | INE0R9401019 |
| Final Issue Price | ₹75 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹79.00 |
| Low | ₹75.05 |
| High | ₹79.00 |
| Last Trade | ₹75.05 |
AVP Infracon Ltd.
Plot No. E-30, Second floor,
2nd Avenue, Besant Nagar,
Chennai- 600090
Chennai, Tamil Nadu
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
AVP Infracon IPO is a SME IPO of 69,79,200 equity shares of the face value of ₹10 aggregating up to ₹52.34 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
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, 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 Tuesday, March 19, 2024. Check the AVP Infracon IPO allotment status.
The AVP Infracon IPO listing date is on Wednesday, March 20, 2024.
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