AVP Infracon Limited is set to launch its Initial Public Offering (IPO) on the NSE SME platform, with the IPO scheduled to open on March 13, 2024, and close on March 15, 2024. The company aims to raise approximately ₹52.34 crores through the IPO, offering 6,979,200 equity shares at a price band of ₹71 to ₹75 per share. The market lot for the IPO is set at 1600 shares.
**About AVP Infracon Limited:**
AVP Infracon is a dynamic private sector firm specializing in the construction of road projects based on Bill of Quantities (BOQ) and Engineering, Procurement, and Construction (EPC) methods. The company is engaged in the construction business, working on various projects such as Expressways, National Highways, Flyovers, Bridges, Viaducts, Irrigation Projects, Urban Development, Civic amenities, Hospitals, warehouses, hotels, and other Commercial and Residential Projects.
Incorporated in 2009, AVP Infracon has accumulated 14 years of experience in the construction industry and has over 100 experienced employees working towards the company’s goals. They bid for construction projects in Tamil Nadu, focusing on Roads, Bridges, Irrigation and Canal Projects, Flyovers, and Industrial Areas.
**Objects of the Issue:**
1. To purchase capital equipment.
2. To meet working capital requirements.
3. General corporate purposes.
4. To meet public issue expenses.
**AVP Infracon IPO Details:**
– **IPO Open:** March 13, 2024
– **IPO Close:** March 15, 2024
– **IPO Size:** Approximately ₹52.34 Crores (6,979,200 Equity Shares)
– **Face Value:** ₹10 Per Equity Share
– **IPO Price Band:** ₹71 to ₹75 Per Equity Share
– **IPO Listing on:** NSE SME
– **Retail Quota:** 35% of the net offer
– **QIB Quota:** 50% of the net offer
– **NII Quota:** 15% of the net offer
**Market Lot Details:**
– **Minimum Market Lot:** 1600 shares with a ₹120,000 application amount
– **Retail Investors:** Can apply for 1 lot (1600 shares) up to a maximum of ₹120,000
**Important Dates:**
– **IPO Open Date:** March 13, 2024
– **IPO Close Date:** March 15, 2024
– **Basis of Allotment:** March 18, 2024
– **Refunds:** March 19, 2024
– **Credit to Demat Account:** March 19, 2024
– **IPO Listing Date:** March 20, 2024
Investors can check the IPO subscription status and allotment status on respective platforms.
**How to Apply for AVP Infracon IPO:**
Investors can apply for the AVP Infracon IPO via ASBA available in their bank accounts. The application can be submitted online by logging into the bank account and selecting the AVP Infracon IPO in the Invest section. Alternatively, investors can download IPO forms from the NSE website, fill them, and submit them to their bank or broker.
**Company Financial Report (Standalone – ₹ in Crores):**
– **Year 2021:** Revenue ₹58.18, Expense ₹52.04, PAT ₹2.26
– **Year 2022:** Revenue ₹64.03, Expense ₹53.64, PAT ₹3.99
– **Year 2023:** Revenue ₹107.15, Expense ₹86.05, PAT ₹11.53
– **Year 2023 (6M):** Revenue ₹70.05, Expense ₹54.35, PAT ₹8.34
**Valuation (FY2023):**
– **Earning Per Share (EPS):** ₹6.40 per Equity Share
– **Price/Earning P/E Ratio:** Not specified
– **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
