AVP Infracon Limited IPO: Check IPOs Dates, Info and Allotment Status
AVP Infracon Limited is gearing up for its Initial Public Offering (IPO) from March 13, 2024, to March 15, 2024, marking a significant step towards its expansion and growth in the infrastructure sector. Below, we detail the IPO specifics, including key dates, financials, and the company's objectives.
AVP Infracon IPO Details
| Attribute | Details |
| IPO Date | March 13, 2024, to March 15, 2024 |
| Listing Date | To be announced |
| 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 |
| Market Maker Portion | 731,200 shares |
IPO Reservation Details
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
IPO Timeline (Tentative Schedule)
- IPO Open Date: March 13, 2024
- IPO Close Date: March 15, 2024
- Basis of Allotment: March 18, 2024
- Initiation of Refunds: March 19, 2024
- Credit of Shares to Demat: March 19, 2024
- Listing Date: March 20, 2024
Promoter Holding
- Pre-Issue: 86.5%
- Post-Issue: 62.34%
About AVP Infracon Limited
Founded in 2009, AVP Infracon Limited specializes in the construction of road projects, including expressways, national highways, and bridges, under both BOQ and EPC methods. With a strong presence in Tamil Nadu, the company has completed over 40 projects, contributing significantly to the region's infrastructure development.
Financial Highlights
AVP Infracon Limited has shown remarkable growth, with revenue and profit after tax increasing significantly between the financial years ending March 31, 2022, and March 31, 2023. The company boasts a robust market capitalization of Rs 187.34 Cr as of October 31, 2023.
IPO Objectives
The proceeds from the IPO will be utilized for:
- Purchasing capital equipment
- Meeting working capital requirements
- General corporate purposes
- Covering public issue expenses
How can I apply for the AVP Infracon IPO?
Investors can apply through their brokers via a Demat account.
When will AVP Infracon be listed on the exchange?
The listing date will be announced post-IPO closure.
What is the price band for the IPO?
The price band will be announced closer to the IPO date.
Who are the promoters of AVP Infracon Limited?
Mr. D Prasanna and Mr. B Venkateshwarlu are the promoters.
What are the key financial indicators for AVP Infracon?
Key indicators include a ROE of 25.05%, ROCE of 22.63%, and a PAT margin of 11.7%.