AVP Infracon is scheduled to hit the market on March 13, 2024 and close on March 15, 2024. AVP Infracon plans to raise around ₹52.34 Cr through an IPO with a sale of up to 6,979,200 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
AVP Infracon Limited, established in 2009, specializes in constructing road projects based on Bill of Quantities (BOQ) and Engineering, Procurement, and Construction (EPC) contracts. Formerly known as AVP Constructions Private Limited, the company undertakes various infrastructure development works, including civil projects like expressways, national highways, bridges, irrigation systems, urban amenities, hospitals, and commercial/residential buildings. Primarily operating in Tamil Nadu, AVP Infracon Limited actively bids for projects involving roads, bridges, irrigation canals, flyovers, and industrial zones.
By January 2024, AVP Infracon Limited has successfully delivered over 40 projects valued at approximately Rs. 31,321.03 lakhs. With a workforce exceeding 100 employees, the company continues to contribute significantly to the construction sector by ensuring quality project execution and timely completion.
AVP Infracon IPO Details
AVP Infracon IPO opens on March 13, 2024, and closes on March 15, 2024. The Listing date for AVP Infracon IPO is on March 20, 2024. The price band for IPO is ₹71 to ₹75 per share and lot size of 1600 Shares.
| IPO Date | Mar 13, 2024 to Mar 15, 2024 |
| Listing Date | Mar 20, 2024 |
| Price | ₹71 to ₹75 per share |
| Lot Size | 1600 Shares |
| Issue Size | ₹52.34 Cr |
| Face Value | ₹10 per share |
AVP Infracon IPO Tentative Timetable
AVP Infracon opening date is March 13, 2024 and close date is March 15, 2024. The IPO allotment date is March 18, 2024. The refund initiation of IPO is on March 19, 2024. The credit of shares in demat account is on March 19, 2024. The listing date is on March 20, 2024.
| Event | Date |
|---|---|
| IPO Opening | Mar 13, 2024 |
| IPO Closing | Mar 15, 2024 |
| IPO Allotment Date | Mar 18, 2024 |
| Refund Initiation | Mar 19, 2024 |
| Shares Credit to Demat | Mar 19, 2024 |
| Lisiting Date | Mar 20, 2024 |
AVP Infracon IPO Lot Size
Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹120,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1600 | ₹120,000 |
| Retail(Maximum) | 1 | 1600 | ₹120,000 |
| HNI (Minimum) | 2 | 3200 | ₹240,000 |
AVP Infracon IPO Promoter Holding
| Pre Issue Share Holding | 86.5% |
| Post Issue Share Holding | 62.34% |
AVP Infracon IPO Review
AVP Infracon Ltd., a dynamic construction firm specializing in road projects through BOQ and EPC methods, is set to launch its maiden IPO. The IPO comprises 6,979,200 equity shares with a price band of Rs. 71 – Rs. 75 per share. The Company boasts an order book worth Rs. 235 cr. as of October 31, 2023, emphasizing its growth potential in the construction sector. With a focus on EPC projects offering higher margins, AVP Infracon Ltd. aims to utilize the IPO funds for capital equipment purchase, working capital, and general corporate purposes.
The financial performance of AVP Infracon Ltd. showcases steady growth, with a consolidated net profit of Rs. 12.15 cr. in FY23 and a standalone net profit of Rs. 11.53 cr. in the same period. The issue is priced at a P/BV of 4.05 based on its NAV as of October 31, 2023, and at 2.19 post-IPO NAV per share at the upper cap. Investors should note the company's PAT margins and RoCE margins for assessing potential returns on investment. While the issue may appear fully priced based on FY24 earnings, the emphasis on EPC projects with higher margins could offer promising rewards for medium to long-term investors.
Comparing AVP Infracon Ltd. with listed peers such as Udayshivakumar Infra, Rachana Infra, and H G Infra reveals varying P/E ratios, highlighting the unique positioning of each company in the market. The company's prudent dividend policy aligns with its financial performance and future growth prospects. With a track record of successful listings by Share India Capital Services Pvt. Ltd., AVP Infracon Ltd.'s IPO presents an opportunity for investors looking to participate in the infrastructure development sector and capitalize on the company's growth trajectory.
AVP Infracon IPO Subscription Status (Bidding Details)
Table not foundAVP Infracon IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
AVP Infracon IPO FAQs
What is AVP Infracon IPO?
AVP Infracon is issuing 6,979,200 equity shares with a face value of ₹10 each, totaling up to ₹52.34 Cr. The shares are being offered at a price of ₹71 to ₹75 each, with a minimum order quantity of 1600 shares.
Purva Sharegistry India Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When AVP Infracon IPO will open?
AVP Infracon will open on March 13, 2024 for QIB, NII, and Retail Investors.
When AVP Infracon IPO will end?
AVP Infracon will end on March 15, 2024.
What is AVP Infracon IPO Size?
AVP Infracon IPO size is ₹52.34 Cr.
What is AVP Infracon IPO Price Band?
AVP Infracon price band is ₹71 to ₹75 per share.
What is the AVP Infracon IPO Allotment Date?
AVP Infracon allotment date is March 18, 2024.
What is the AVP Infracon IPO Listing Date?
AVP Infracon listing date is March 20, 2024. The IPO is to be listed on BSE and NSE.
How to AVP Infracon IPO through Zerodha?
To apply for the IPO “AVP Infracon” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply AVP Infracon IPO through Upstox?
To apply for the IPO “AVP Infracon” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check AVP Infracon IPO Allotment Status?
For AVP Infracon IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is AVP Infracon IPO GMP?
You can check out here: AVP Infracon IPO GMP