The AVP Infracon IPO date has been confirmed from March 13, 2024, and closes on March 15, 2024. Read the post to learn about AVP Infracon Limited IPO GMP.
AVP Infracon Limited, a budding enterprise, sets forth on a grand endeavor – an Initial Public Offering, valiantly seeking to raise Rs 52.34 crores. Their shares, priced between ₹71 to ₹75 each, beckon to eager investors. AVP Infracon IPO GMP Today is ₹0. To partake in this promising venture, one must acquire a minimum lot of 1600 shares, entailing an investment of ₹120,000 for the common folk. However, the esteemed High Net Worth Individuals (HNIs) are beckoned to invest in at least 2 lots, totaling 3,200 shares, with an investment of ₹240,000.
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Bidding Dates
March 13-15
Price Range
₹71 to ₹75 per share
Face Value
₹10 per share
GMP
₹0
AVP Infracon IPO GMP
The AVP Infracon IPO GMP Today is ₹0.
IPO Overview
The IPO, akin to a noble quest, entails a fresh offering of 69.79 lakh shares through book-building. The subscription period spans from March 13 to March 15, 2024, with the esteemed allotment expected to be revealed by March 18, 2024. The grand entrance to the NSE SME listing is planned for March 20, 2024.
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 |
AVP Infracon Limited Financial Information
| 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 | ||||
AVP Infracon IPO Timeline
| 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 |
Company Profile
AVP Infracon, since its humble inception in 2009, has been the vanguard of road project construction. Their noble endeavors extend to highways, bridges, irrigation projects, and urban development ventures, particularly in the verdant lands of Tamil Nadu. As of January 2024, their valorous efforts have borne fruit, completing over 40 projects totaling around Rs. 31,321.03 lakhs and providing livelihood to over 100 valiant souls. Truly, a tale of triumph and valor in the realm of infrastructure development.
Registrar Info
| Name | Purva Sharegistry India Pvt Ltd |
| Phone number | +91-022-23018261/ 23016761 |
| Email ID | support@purvashare.com |
| Website | purvashare.com |
Contact Details
| Name | AVP Infracon Limited |
| Phone number | +91-44-48683999 |
| Email ID | cs@avpinfra.com |
| Website | avpinfra.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
