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AVP Infracon IPO

AVP Infracon IPO

  • Status: Closed
  • RHP:
  • ₹ 113,600 / 1600 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    20 Mar 2024

  • Listing Price

    ₹ 79.00

  • Listing Change

    5.33%

  • Last Traded Price

    ₹ 161.00

IPO Details

  • Open Date

    13 Mar 2024

  • Close Date

    15 Mar 2024

  • IPO Price Range

    ₹ 71 to ₹ 75

  • IPO Size

    ₹ 52.34 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    20 Mar 2024

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IPO Timeline

AVP Infracon IPO Subscription Status

Last Updated: 26 March 2024 10:29 AM by 5Paisa

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. 
 

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

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


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. 
 

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FAQs

AVP Infracon IPO opens from 13th March to 15th March 2024.
 

The size of AVP Infracon IPO is ₹52.34 cr. 

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.
 

The price band of AVP Infracon IPO is fixed at ₹71 to ₹75 per share.

The minimum lot size of AVP Infracon IPO is 1600 shares and the investment required is ₹1,13,600.

The share allotment date of AVP Infracon IPO is 18th March 2024.

The AVP Infracon IPO will be listed on 20th March 2024.

Share India Capital Services Private Limited is the book-running lead manager for 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.