AVP Infracon IPO is a book built issue of Rs 52.34 crores. The issue is entirely a fresh issue of 69.79 lakh shares.
AVP Infracon IPO opens for subscription on March 13, 2024 and closes on March 15, 2024. The allotment for the AVP Infracon IPO is expected to be finalized on Monday, March 18, 2024. AVP Infracon IPO will list on NSE SME with tentative listing date fixed as Wednesday, March 20, 2024.
AVP Infracon IPO price band is set at ₹71 to ₹75 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹240,000.
Share India Capital Services Private Limited is the book running lead manager of the AVP Infracon IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market maker for AVP Infracon IPO is Share India Securities.
Refer to AVP Infracon IPO DRHP for detailed information.
AVP Infracon IPO Details
| IPO Date | March 13, 2024 to March 15, 2024 |
| Listing Date | [.] |
| 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 |
| Share holding pre issue | 18,000,000 |
| Share holding post issue | 24,979,200 |
| Market Maker portion | 731,200 shares Share India Securities |
AVP Infracon IPO Reservation
| 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 |
AVP Infracon IPO Timeline (Tentative Schedule)
AVP Infracon IPO opens on March 13, 2024, and closes on March 15, 2024.
| IPO Open Date | Wednesday, March 13, 2024 |
| IPO Close Date | Friday, March 15, 2024 |
| Basis of Allotment | Monday, March 18, 2024 |
| Initiation of Refunds | Tuesday, March 19, 2024 |
| Credit of Shares to Demat | Tuesday, March 19, 2024 |
| Listing Date | Wednesday, March 20, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 15, 2024 |
AVP Infracon IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| HNI (Min) | 2 | 3,200 | ₹240,000 |
| Lot Size Calculator | |||
AVP Infracon IPO Promoter Holding
Mr. D Prasanna and Mr. B Venkateshwarlu are the promoters of the company.
| Share Holding Pre Issue | 86.5% |
| Share Holding Post Issue | 62.34% |
About AVP Infracon Limited
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.
AVP Infracon Limited Financial Information (Restated Consolidated)
AVP Infracon Limited’s revenue increased by 60.99% and profit after tax (PAT) rose by 335.32% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 17,232.87 | 14,670.84 | 5,892.30 | 4,917.36 |
| Revenue | 7,411.90 | 11,550.09 | 7,174.20 | 6,362.17 |
| Profit After Tax | 855.78 | 1,205.31 | 276.88 | 170.05 |
| Net Worth | 3,405.31 | 2,549.66 | ||
| Reserves and Surplus | 1,605.31 | 2,069.66 | 566.65 | 409.77 |
| Total Borrowing | 7,791.95 | 6,729.31 | ||
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of AVP Infracon IPO is Rs 187.34 Cr.
KPI as of October 31, 2023.
| KPI | Values |
|---|---|
| ROE | 25.05% |
| ROCE | 22.63% |
| Debt/Equity | 1.96 |
| RoNW | 25.05% |
| P/BV | 3.96 |
| PAT Margin (%) | 11.7 |
Check AVP Infracon IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.7 | 5.87 |
| P/E (x) | 11.2 | 12.77 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of October 31, 2023 that is available in RHP.
Objects of the Issue (AVP Infracon IPO Objectives)
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Purchase Capital Equipment,
- To Meet Working Capital Requirements,
- General corporate purposes, and
- To meet Public Issue Expenses.
AVP Infracon Limited Contact Details
AVP Infracon Limited
Plot No. E-30, Second floor,
2nd Avenue, Besant Nagar,
Chennai- 600090
Phone: +91-44-48683999
Email: cs@avpinfra.com
Website: http://www.avpinfra.com/
AVP Infracon IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query