AVP Infracon IPO: Dates, Review, GMP, Band Price, Allotment Details
AVP Infracon, a prominent name in the infrastructure development sector, has announced its Initial Public Offering (IPO) aiming to raise funds to fuel its growth and expansion strategies. The company is known for its expertise in constructing road projects and other infrastructure developments using Bill of Quantities (BOQ) and Engineering, Procurement, and Construction (EPC) methods. This article delves into the crucial details of the AVP Infracon IPO, including dates, price band, market lot, financial performance, valuation, and how investors can apply for it.
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Contents
AVP Infracon IPO Review
AVP Infracon Limited, incorporated in 2009, has carved a niche in the construction industry, especially in the realm of high-value infrastructure projects. With over a decade of experience and a team of 100+ skilled employees, the company focuses on delivering projects from conceptualization to completion efficiently. AVP Infracon’s involvement in government contracts and national initiatives underscores its reputation as a trusted construction firm across India.
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AVP Infracon IPO Date & Price Band Details
| Detail | Description |
|---|---|
| IPO Opening Date | March 13, 2024 |
| IPO Closing Date | March 15, 2024 |
| Price Band | ₹71 to ₹75 per equity share |
| IPO Size | Approximately ₹52.34 Crores |
| Listing On | NSE SME |
| Minimum Market Lot | 1600 shares |
| Minimum Application Amount | ₹120,000 |
| Allotment Date | March 18, 2024 |
| Refunds | March 19, 2024 |
| Credit to Demat Account | March 19, 2024 |
| Listing Date | March 20, 2024 |
| Investors’ Portion | QIB: 50%, NII: 15%, Retail: 35% |
| How to Apply | Through ASBA in bank account or IPO forms from NSE site |
| Application through Zerodha | Log into Zerodha Console, navigate to IPO, select AVP Infracon |
| Application through Upstox | Log into Upstox account, select IPO section, choose AVP Infracon |
AVP Infracon IPO Market Lot
- Minimum Market Lot: 1600 shares
- Minimum Application Amount: ₹120,000
AVP Infracon IPO Dates
- Allotment Date: March 18, 2024
- Refunds: March 19, 2024
- Credit to Demat Account: March 19, 2024
- Listing Date: March 20, 2024
AVP Infracon IPO Form
Investors can apply for the AVP Infracon IPO through ASBA available in their bank accounts or download IPO forms from the NSE website. The AVP Infracon IPO form is a document that investors need to fill out and submit to apply for the company’s Initial Public Offering (IPO). This form is essential for indicating your interest in purchasing shares of AVP Infracon during its IPO. There are primarily two ways to access and submit this form:
Through ASBA (Applications Supported by Blocked Amount):
This is an efficient way to apply for IPOs directly through your bank account. Most banks offer an online ASBA facility where you can log in to your online banking portal, navigate to the investments or IPO section, and select AVP Infracon IPO from the list of current IPOs. You will need to fill out the application form electronically and specify the number of shares you wish to apply for, along with your bid price. The amount equivalent to your application will be blocked in your account and only debited if you are allotted the shares, ensuring a smooth and secure transaction process.
Downloading IPO Forms from the NSE Website:
For those who prefer or need to apply through a physical form, the National Stock Exchange (NSE) website provides downloadable IPO application forms. You can visit the NSE website, find the AVP Infracon IPO section, and download the application form. After filling out the necessary details, including the number of shares you’re applying for and your bid price, you can submit the form through your bank or stockbroker, who will process the application on your behalf.
Regardless of the method chosen, it’s important to fill out the form accurately and submit it within the IPO opening and closing dates, specifically from March 13, 2024, to March 15, 2024, for the AVP Infracon IPO. Ensuring correct details such as your PAN, demat account number, and bank account details is crucial for the successful processing of your application.
AVP Infracon Company Financial Report (Standalone)
| Year | Revenue (₹ Crores) | Expense (₹ Crores) | PAT (₹ Crores) |
|---|---|---|---|
| 2021 | 58.18 | 52.04 | 2.26 |
| 2022 | 64.03 | 53.64 | 3.99 |
| 2023 | 107.15 | 86.05 | 11.53 |
| 2023 6M | 70.05 | 54.35 | 8.34 |
AVP Infracon IPO Valuation – FY2023
- Earning Per Share (EPS): ₹6.40 per Equity Share
- Return on Net Worth (RoNW): 46.18%
- Net Asset Value (NAV): ₹13.87 per Equity Share
Peer Group
- Udayshivakumar Infra Limited
- Rachana Infrastructure Limited
- H.G. Infra Engineering Limited
Company Promoters
- Mr. D Prasanna
- Mr. B Venkateshwarlu
AVP Infracon IPO Registrar
- Purva Sharegistry India Pvt Ltd
AVP Infracon IPO Allotment Status
Investors can check the IPO allotment status on the Purva Sharegistry website.
AVP Infracon IPO Lead Managers aka Merchant Bankers
- Share India Capital Services Private Limited
Company Address
AVP Infracon Limited, Plot No. E-30, Second floor, 2nd Avenue, Besant Nagar, Chennai- 600090
FAQs
