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AVP Infracon Ltd

Infrastructure Developers & Operators

Offer Period :

13th to 15th Mar 2024

Established in 2009, AVP Infracon Limited, formerly known as AVP Constructions Private Limited, specializes in road construction through BOQ and EPC approaches. Engaged in diverse infrastructure projects Read more... the company has successfully completed over 40 ventures totaling around Rs. 31,321.03 lakhs, with a dedicated workforce exceeding 100 employees.Read less

AVP Infracon Ltd IPO Details

IPO Date 13th to 15th Mar 2024 Minimum Investment ₹120000 / 1 Lots
Listing Date 2024-03-20 Maximum Investment ₹120000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹52.34 Crores
Price ₹75 to ₹75 per share Fresh Issue ₹52.34 Crores
Lot Size 1 Lots (1600 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 13th to 15th Mar 2024
Listing Date 2024-03-20
Face Value ₹10 per share
Price ₹75 to ₹75 per share
Lot Size 1 Lots (1600 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹120000 / 1 Lots
Maximum Investment ₹120000 / 1 Lots
Total Issue Size ₹52.34 Crores
Fresh Issue ₹52.34 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

13th Mar

IPO Starts

15th Mar

IPO Ends

18th Mar

Allotment Date

19th Mar

Initiation of Refund

19th Mar

Credit of Shares to Demat Account

20th Mar

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 81.25 58.55
Public Group 18.75 41.45

AVP Infracon Ltd IPO Reservation

QIB Shares Offered 1248000(17.88%)
NII (HNI) Shares Offered 939200(13.46%)
Retail Shares Offered 2190400(31.38%)
Anchor Investor Shares Offered 1870400(26.8%)
Total Shares Offered 6979200
Total Shares With Anchor Investor 6979200

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

AVP Infracon Ltd IPO Registrar

Purva Sharegistry (India) Pvt
Phone Number +91-22-2301 8261
Email Id support@purvashare.com
Our Website www.purvashare.com

AVP Infracon Ltd IPO Lead Manager

1. Share India Capital Services Pvt Ltd

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AVP Infracon Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of AVP Infracon Ltd

1. Experienced and Qualified Team.

2. Strong Order Book of roads, bridge and flyovers from state government.

3. Quality Assurance.

4. Experienced Management Team.

Risks Involved

1. Its entire revenue stream is derived from activities within the state of Tamil Nadu. Any unfavorable developments that may impact its operations in this region could have negative consequences on its business, financial health, and operational results.

2. The company lack ownership of the registered office used by the company. Any interference with its entitlements as the licensee/lessee or the cancellation of contracts with its licensors/ lessors could have a negative effect on its activities and, as a result, the company overall business.

3. Its business demands substantial working capital, and any delays in securing the necessary funds could negatively affect its financial performance.

4. The Company has reported negative cash flows from its operating, investing, and financing activities. Any operating losses or negative cash flows in the future could adversely affect its results of its operations and financial condition.

5. The company's main source of revenue comes from projects in India that are initiated or approved by government authorities and other organizations funded by the Government of India (GoI) or state governments. The majority of its income comes from agreements with a small number of government entities. If there are unfavorable changes in the policies of the central or state government, it could result in the closure, termination, restructuring, or renegotiation of its contracts, potentially impacting its business and financial performance significantly.

6. Its business, growth prospects and financial performance largely depends on the company's ability to obtain new contracts, and there is no assurance that its will be able to procure new contracts.

7. Infrastructure projects are generally assigned to our organization upon fulfillment of specified pre-qualification prerequisites and subsequent engagement in a competitive tendering procedure. Any failure to secure new infrastructure projects or premature termination of contracts awarded to it could potentially have adverse repercussions on both its business operations and financial standing.

8. Its projects face various implementation and other uncertainties, such as the risks of exceeding planned time and cost, which could have negative effects on its business, financial health, operational results, and overall prospects.

9. The company utilizes several credit facilities provided by the bank, and in accordance with the sanctioned terms, certain restrictive covenants are imposed on the company. If the company is unable to obtain approval, it might restrict its scope of activities and obstruct its growth plans.

10. The company's lenders have charge over its movable properties in respect of finance availed by the company.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023
Total Assets 220.14 145.81
Total Liabilities 220.14 145.81
Total Expenses 136 100.27
Total Revenue 
161.56 115.5
Profit After Tax 18.67 11.52
EBITDA 36.04 23.42
Adjusted EBITDA 0 0

AVP Infracon Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-03-20 92727 AVPINFRA
INE0R9401019
₹75 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹75 ₹75
Open ₹0 ₹79
Low ₹0 ₹75.05
High ₹0 ₹79
Low ₹0 ₹75.05

Frequently Asked Questions

What is AVP Infracon Ltd IPO?

Answer Field

AVP Infracon Ltd IPO is a SME IPO of 69,79,200 equity shares of a face value of ₹10 aggregating up to ₹52.34 Crores. The issue is priced at ₹75 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 is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When AVP Infracon Ltd IPO will open?

Answer Field

The AVP Infracon Ltd IPO opens on March 13, 2024 and closes on March 15, 2024.

What is the lot size of AVP Infracon Ltd?

Answer Field

AVP Infracon Ltd lot size is 1600 shares, and the minimum amount required is ₹1,20,000.

How to apply for AVP Infracon Ltd IPO?

Answer Field

You can apply in AVP Infracon Ltd 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is AVP Infracon Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for AVP Infracon Ltd IPO will be done on March 18, 2024, and the allotted shares will be credited to your demat account by March 19, 2024.

When is AVP Infracon Ltd IPO listing date?

Answer Field

The AVP Infracon Ltd listing date is March 20, 2024.

Who is the registrar of AVP Infracon Ltd IPO?

Answer Field

The registrar of AVP Infracon Ltd IPO is Purva Sharegistry (India) Pvt

Which company is the book-running lead manager of the IPO?

Answer Field

Share India Capital Services Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of AVP Infracon Ltd IPO?

Answer Field

The fresh issue size is ₹52.34 Crores equity shares.

What minimum lot size can retail subscribers subscribe to AVP Infracon Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1600 shares and ₹1,20,000 amount.

How can I approve the UPI mandate request for AVP Infracon Ltd IPO?

Answer Field

To apply for AVP Infracon Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of AVP Infracon Ltd?

Answer Field

The price of each AVP Infracon Ltd share will be ranging in between ₹75 to ₹75 per share.

What is the cut-off time for the UPI mandate for AVP Infracon Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, March 15, 2024.

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