AVP Infracon Limited IPO
₹71 - ₹75
1600
21.45
| Open Date: | 13-Mar-2024 |
| Close Date: | 15-Mar-2024 |
| Allotment Date: | 18-Mar-2024 |
| Listing Date: | 20-Mar-2024 |
| Listing Price: | N/A |
| Face Value: | ₹10 Per Equity Share |
| Issue Price: | ₹71-75 Per Equity Share |
| Issue Size: | 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) |
| Market Lot (Min Amount): | Retail - ₹120,000 : HNI - ₹240,000 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 1,248,000 | 939,200 | 2,190,400 | 4,377,600 |
| Day 1 - 13-03-24 05:00 PM | 0.00x | 0.63x | 1.71x | 0.99x |
| Day 2 - 14-03-24 05:00 PM | 0.00x | 2.51x | 5.80x | 3.44x |
| Day 3 - 15-03-24 05:00 PM | 1.05x | 46.15x | 22.49x | 21.45x |
| Total No. of Application: | 2,826,431 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 23.99x | |||
| Earning Per Share(EPS) | ₹6.7/- |
| P/E Ratio | 11.2 |
| RoNW | 25.05% |
| Net Asset Value (NAV) - Post Issue: | ₹13.87/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Oct,2023 | 17,232.87 | 7,411.90 | 855.78 |
| 31 Mar,2023 | 14,670.84 | 11,550.09 | 1,205.31 |
| Pre Issue Share Holding | 86.5% |
| Post Issue Share Holding | 62.33% |
| 1. Mr. D Prasanna |
| 2. Mr. B Venkateshwarlu |
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 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.
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Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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