AVP Infracon Limited

13 Mar 2024 - 15 Mar 2024 Individual Category SME NSE

Min Investment

₹227200

Price Band

₹71-₹75

Issue Size

51.09 lakhs
Equity Shares

Lot Size

1600 (per lot)

IPO Dates
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13 Mar 2024

Open Date

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15 Mar 2024

Close Date

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18 Mar 2024

Allotment Date

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20 Mar 2024

Listing Date

AVP Infracon IPO is open for subscription from Wednesday, March 13, 2024, and will close on Friday, March 15, 2024. The price of the latest IPO is decided at Rs 71 to Rs 75 per share. The minimum lot size of this application for the retail category is 1600 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 3200 shares. The minimum amount of investment required for retail category investors is Rs 1,20,000 (75 x 1600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,40,000 (75 x 3200 shares). AVP Infracon IPO is a book-built issue of Rs 54.32 crores. This upcoming IPO issue is completely a fresh issue of 69.79 lakh equity shares. The allotment for this IPO is expected to be finalised on Monday, March 18, 2024. AVP Infracon will be listed on NSE SME, and the listing date is fixed on Wednesday, March 20, 2024. The book-running lead manager of AVP Infracon IPO is Share India Capital Services Private Limited. The registrar for this IPO is Purva Sharegistry India Private Limited. The market maker for this latest IPO is Share India Securities.

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About Avp Infracon Limited

AVP Infracon Limited is a decade old company, founded in the year 2009, with a vision of becoming a leading infrastructure company in India. Company is engaged in the business of construction of road projects. The construction is on the basis of Bill of Quantities and Engineering, Procurement and Construction (EPC). Over the past decade, the company has completed a wide range of products. AVP Infracon Limited provides all types of Infrastructure development work and civil works. The works like construction and renovation of expressways, national highways, flyovers, bridges, irrigation projects and urban development and other commercial and residential projects. The company bids for the construction of roads, bridges, irrigation and canal projects. Company also bids for flyovers and industrial areas mainly in Tamil Nadu. Company clients include prominent names like Greater Chennai Corporation, National Highway Authority of India, Tamil Nadu Public Works Department, Tamil Nadu Departments, Ministry of Road Transport and Highways. As of January 2024, the company has completed over 40 projects worth Rs 31,321.03 lakhs and gives employment to the 100 people.

Founded

2009

Managing Director

D Prasanna

Parent Organization

IPO Objectives

The net funds received from the IPO will be used to purchase the new capital equipment and to meet the WC requirements of the company. Other than this, the issue expenses will be covered. Moreover, the general corporate purposes like financing any payment like capital expenditure, acquisitions etc will also be met.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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