AVP Infracon IPO: Open/Close Date, Price, Lot Size, Allotment & Subscription

IPO Details

Bidding Dates

12 Mar '24 - 14 Mar '24

Minimum Investment

₹120,000 / 1 Lot ( 1600 Shares )

Price Range

₹71 - ₹75

Maximum Investment

₹120,000 / 1 Lot ( 1600 Shares )

Retail Discount

Not Applicable

Issue Size

₹52.34 Cr

Investor category and sub category

Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |

AVP Infracon Ltd IPO Important Dates

Important dates with respect to IPO allotment and listing

Opening Date

Mar 12, 2024

Closing Date

Mar 14, 2024

Basis of Allotment

Mar 17, 2024

Initiation of Refunds

Mar 18, 2024

Credit of Shares to Demat

Mar 18, 2024

Listing Date

Mar 19, 2024

Cut-off time for UPI mandate confirmation

Mar 14, 2024

AVP Infracon IPO Subscription Details

Date	QIB	NII	Retail	Total
Day 1Mar 12, 2024	0.00x	0.63x	1.70x	0.98x

AVP Infracon IPO Subscription Status Live

Investor Category	Subscription (Times)
Qualified Institutional Buyers	0.00
Non-Institutional Buyers	0.63
Retail Investors	1.70
Total	0.98

About AVP Infracon Ltd

Founded in 2009, AVP Infracon Limited, previously recognized as AVP Constructions Private Limited, operates in the domain of constructing road projects through the Bill of Quantities (BOQ) and Engineering, Procurement, and Construction (EPC) models.

This enterprise is involved in delivering a wide range of infrastructure development services including, but not limited to, the construction of expressways, national highways, flyovers, bridges, viaducts, and irrigation projects. Additionally, it takes on urban development projects encompassing civic amenities, hospitals, warehouses, hotels, and various commercial and residential endeavours.

Primarily focusing on the Tamil Nadu region, AVP Infracon Limited actively participates in bidding for projects related to roads, bridges, irrigation and canal systems, flyovers, and industrial areas.

As of January 2024, this company successfully completed more than 40 projects, with a total worth approximately ₹31,321.03 lakhs. Furthermore, it sustains a workforce exceeding 100 employees, underlining its significant contribution to the infrastructure sector and its role as a key player in the development of essential facilities and structures.

AVP Infracon Ltd IPO Details

AVP Infracon Ltd IPO Date

AVP Infracon IPO will be opened on March 13, 2024, and closed on March 15, 2024. The IPO will be listed on NSE Emerge.

AVP Infracon Ltd IPO Price Band

AVP Infracon is a book-built IPO of up to 6,979,200 equity shares. The price of the IPO is ₹71-₹75 per equity share.

AVP Infracon Ltd IPO Lot Size

The AVP Infracon Ltd IPO lot size is 1600 shares.

AVP Infracon Ltd IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

To allocate ₹1,500.00 lakhs for the purchase of capital equipment necessary for EPC business activities, including road laying equipment, loading equipment, batching plant equipment, and material handling equipment.
To earmark ₹3,500.00 lakhs to support working capital requirements
To meet general corporate purposes and
To meet public issue expenses.

Peer Details

The following is a listed peer company of AVP Infracon in India:

Udayshivakumar Infra Limited
Rachana Infrastructure Limited
H.G. Infra Engineering Limited

How To Check the Allotment Status of the AVP Infracon Ltd IPO?

A: Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app.
Go to the IPO Section and then to IPO Orders.
Select the individual IPO that you had applied for and check the allotment status.
Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of AVP Infracon Ltd

Registered office: Plot No. E-30, Second floor, IInd Avenue, Besant Nagar, Chennai- 600090, Tamil Nadu, India- 600090

Phone: +91 33 4014 0100

E-mail: corporate@jgchem.com

IPO Financials

Particulars	FY 2023-24 figures for 7 months till 31-10-2023	Year Ending on March 31, 2023	Year ending on March 31, 2022	Year ending on March 31, 2021
Revenue from Operations	6,918.69	10,633.56	6,388.85	5,799.76
Profit After Tax	834.27	1,503.81	388.34	241.81
Return on Capital Employed	22.63%	37.04%	25.94%	20.85%
Debt to Equity Ratio	1.96	2.2	2.36	3.95
Return on Equity	25.05%	46.18%	29.73%	33.08%

Know before investing

Strengths

AVP Infracon Limited has a rich history of over 14 years in the industry and employs a team of over 100 dedicated staff members, including those on contract, to oversee the lifecycle of projects from inception through to completion.
AVP Infracon Limited holds 14 projects in roads, bridges, and irrigation, worth ₹23,543.83 lakhs. Their expertise, modern equipment, and strong relationships have fostered a robust order book and consistent growth.
The company employs an integrated strategy aimed at reducing project risks and optimising investment outcomes, underlining its commitment to excellence and efficiency in project management.

Risks

AVP Infracon Limited's revenue generation is exclusively linked to its ventures in Tamil Nadu. Any regional disruptions might adversely affect the company's financial and operational performance.
The company encounters risks associated with project delays and budget overruns, potentially impacting AVP Infracon Limited's financial status, operational efficiency, and future growth prospects.
AVP Infracon Limited has experienced negative cash flows in its business operations. Persistent operational deficits or cash flow challenges may detrimentally impact the firm's financial health and operational outcomes.