What you must know about AVP Infracon IPO?
by 5paisa Research Team
11 Mar 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 20-Mar-24
- IPO Price Range ₹ 71 to ₹ 75
- Listing Price ₹ 79
- Listing Change 5.3%
- Last Traded Price ₹ 175.1
- Current Change 133.5%
AVP Infracon IPO Details
- Open Date 13-Mar-24
- Close Date 15-Mar-24
- Lot Size 1600
- IPO Size ₹ 52.34 Cr
- IPO Price Range ₹ 71 to ₹ 75
- Min Investment ₹ 113600
- Listing Exchange NSE SME
- Basis of Allotment 18-Mar-24
- Refunds 19-Mar-24
- Credit to Demat Account 19-Mar-24
- Listing Date 20-Mar-24
AVP Infracon IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 13-Mar-24 | 0.00 | 0.63 | 1.69 | 0.98 |
| 14-Mar-24 | 0.00 | 2.50 | 5.78 | 3.43 |
| 15-Mar-24 | 1.05 | 46.15 | 22.49 | 21.45 |
AVP Infracon IPO Synopsis
AVP Infracon Limited IPO is all set to open from 13th March to 15th March 2024. It is an infrastructure development company. The IPO includes a fresh issue of 6,979,200 shares worth ₹52.34 cr. The share allotment date is 18th March 2024, and the IPO will be listed on 20th March 2024 on the stock exchanges. The price band is ₹71 to ₹75 and the lot size is 1600 shares.
Share India Capital Services Private Limited is the book-running lead manager for this IPO, while Purva Sharegistry India Private Limited is the registrar.
Objectives of AVP Infracon IPO:
AVP Infracon Limited plans to utilize the raised capital from the IPO to:
● To fund the purchase of capital equipment.
● For working capital requirements.
● General corporate purposes.
● To fund the public issue expenses.
About AVP Infracon
Established in 2009, AVP Infracon Limited is an infrastructure development company. These projects are based on Bill of Quantities (BOQ) and Engineering, Procurement, and Construction (EPC) methods.
AVP undertakes activities related to all types of infrastructure developmental works, and construction work including high-value projects 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 has in-house capabilities and has done over 40 projects till now.
Peer Comparison
● Udayshivakumar Infra Limited
● Rachana Infrastructure Limited
● H.G. Infra Engineering Limited
For More Information:
Webstory on AVP Infracon IPO
AVP Infracon Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 106.33 | 66.88 | 57.99 |
| EBITDA | 20.28 | 10.24 | 5.95 |
| PAT | 11.52 | 3.99 | 2.26 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 119.33 | 62.39 | 51.25 |
| Share Capital | 4.80 | 4.80 | 1.00 |
| Total Borrowings | 94.37 | 48.96 | 44.41 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -8.69 | 1.39 | -1.30 |
| Net cash from / (used in) investing activities | -7.27 | -5.83 | -11.68 |
| Net cash flow from / (used in) financing activities | 19.46 | 4.19 | 13.36 |
| Net increase (decrease) in cash and cash equivalents | 3.48 | -0.25 | 0.38 |
AVP Infracon IPO Key Points
-
Strengths
1. The company has a strong Order Book of roads, bridges and flyovers from the state government.
2. The company focuses on quality and safety.
3. The company’s management team is well-experienced.
-
Risks
1. High working capital requirements.
2. It has reported negative cash flows in the past.
3. The company is dependent on bidding for government and state projects which contributes highly to its revenue.
4. Its revenue is dependent on operations in Tamil Nadu.
AVP Infracon
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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AVP Infracon IPO FAQs
When does the AVP Infracon IPO open and close?
AVP Infracon IPO opens from 13th March to 15th March 2024.
What is the size of the AVP Infracon IPO?
The size of AVP Infracon IPO is ₹52.34 cr.
How to apply for the AVP Infracon IPO?
To apply for AVP Infracon IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section.
● Enter the number of lots and the price at which you wish to apply for the AVP Infracon IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
You will receive a mandate notification to block funds in your UPI app.
What is the price band of AVP Infracon IPO?
The price band of AVP Infracon IPO is fixed at ₹71 to ₹75 per share.
What is the minimum lot size and investment required for the AVP Infracon IPO?
The minimum lot size of AVP Infracon IPO is 1600 shares and the investment required is ₹1,13,600.
What is the allotment date of the AVP Infracon IPO?
The share allotment date of AVP Infracon IPO is 18th March 2024.
What is the AVP Infracon IPO listing date?
The AVP Infracon IPO will be listed on 20th March 2024.
Who are the book runners for the AVP Infracon IPO?
Share India Capital Services Private Limited is the book-running lead manager for AVP Infracon IPO.
What is the objective of the AVP Infracon IPO?
AVP Infracon plans to utilize the raised capital from the IPO to:
1. To fund the purchase of capital equipment.
2. For working capital requirements.
3. General corporate purposes.
4. To fund the public issue expenses.
Contact Details of AVP Infracon IPO
Contact Information
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 Register
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
AVP Infracon IPO Lead Manager
Share India Capital Services Private Limited
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