AVP Infracon IPO
IPO Listing Details
- Listing Date
20 Mar 2024
- Listing Price
₹ 79.00
- Listing Change
5.33%
- Last Traded Price
₹ 182.30
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
IPO Timeline
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 |
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
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.
Contact Information
AVP Infracon
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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