IPO

AVP Infracon Limited IPO

NSE SME

Listed On: Mar 20, 2024 at ₹ 79.0

₹ 240000 /3200 Shares
*Min Investment

Check Allotment

13 Mar, 2024

Open Date

15 Mar, 2024

Close Date

18 Mar, 2024

Allotment Date

20 Mar, 2024

Listing Date
AVP Infracon Limited IPO Issue Details
  • Issue Price ₹71-75 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 69,79,200 shares(aggregating up to ₹52.34 crore)
  • Fresh Share 69,79,200 shares(aggregating up to ₹52.34 crore)
  • Listing at NSE SME
  • List Price 79.0
  • Listing Date 2024-03-20
  • Lead Manager Share India Capital Services Private Limited
  • Registrar Purva Sharegistry India Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 1600 ₹1,20,000
Retail(max) 1 1600 ₹1,20,000
NII (min) 2 3,200 ₹2,40,000
AVP Infracon Limited IPO Reservation

AVP Infracon Limited IPO offers total 6,979,200 shares. Out of which 1,248,000 (17.88%) allocated to QIB, 939,200 (13.46%) allocated to NII,2,190,400 (31.38%) allocated to RII, NA (NA%) allocated to employees and 1,870,400 (26.8%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 1,870,400 (26.8%)
Market Maker Shares Offered 731,200 (10.48%)
QIB Shares Offered 1,248,000 (17.88%)
NII (HNI) Shares Offered 939,200 (13.46%)
Retail Shares Offered 2,190,400 (31.38%)
Total Shares Offered 6,979,200 (100%)
AVP Infracon Limited IPO Documents
DRHP
RHP
AVP Infracon Limited IPO Details


AVP Infracon Limited IPO is an SME IPO, priced at ₹71-75 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 69,79,200 equity shares, aggregating up to ₹52.34 crores..

The IPO bidding window is open from Mar 13, 2024 to Mar 15, 2024. The allotment is expected to be finalized on Mar 18, 2024, and the tentative listing date is Mar 20, 2024.

The minimum lot size for Retail investors is 1600 shares, with a minimum investment of ₹1,20,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,40,000.

Share India Capital Services Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Purva Sharegistry India Pvt Ltd, and Share India Securities Limited will act as the market maker for this issue.

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AVP Infracon Limited IPO Subscription Analysis And Details
Retail
22.49x
Total
21.62x
As on QIB / NII Retail Total
Shares Offered / Reserved / 2,190,400 4,377,600
Day 1 13-03-24 06:00 PM
/ x 1.71 x 0.99 x
Day 2 14-03-24 06:00 PM
/ x 5.80 x 3.44 x
Day 3 15-03-24 06:00 PM
/ x 22.49 x 21.62 x
Total No of Applications
30,791
AVP Infracon Limited Valuations
EPS Pre IPO ₹6.7/-
EPS Post IPO ₹5.87/-
P/E Pre IPO 11.2
P/E Post IPO 12.77
ROE 25.05%
ROCE 22.63%
Debt/Equity 1.96
RoNW 25.05%
PAT Margin 11.91
Price to Book Value 3.96
AVP Infracon Limited Company Financials
In Lakhs
In Lakh
31-Mar-23 31-Mar-22 31-Mar-21
Assets 14,670.84 5,892.30 4,917.36
Revenue 11,550.09 7,174.20 6,362.17
Profit After Tax 1,205.31 276.88 170.05
About AVP Infracon Limited Company

AVP Infracon Limited is a company established in the year 2009 and it operates in road projects based on Bill of Quantities (BOQ) and Engineering, Procurement and Construction (EPC). Earlier, it was called AVP Constructions Private Limited.

The company undertakes all kinds 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 tenders for the 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 successfully completed over 40 projects worth about Rs. 31,321.03 lakhs and employs more than 100 people.

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AVP Infracon Limited - Promoter(s)

Mr. D Prasanna

Mr. B Venkateshwarlu

Pre Issue Share Holding : 86.50%

Post Issue Share Holding : 62.34%

AVP Infracon Limited IPO - Issue Objectives
1

To Purchase Capital Equipment

2

To Meet Working Capital Requirements

3

General corporate purposes

4

To meet Public Issue Expenses.

AVP Infracon Limited IPO - Peers Comparison
Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio Financial statements
AVP Infracon Limited 6.4 N/A 13.87 N/A 46.18 5.41 Consolidated
Udayshivakumar Infra Ltd 4.37 N/A 26.05 13.75 11.11 2.31 Standalone
Rachana Infrastructure Limited 1.22 N/A 48.5 56.17 2.51 1.41 Standalone
H.G. Infra Engineering Ltd 75.68 N/A 94.9 11.9 25.66 9.49 Consolidated

Notes:

  1. The P/E Ratio is based on the closing market price of equity shares on January 05, 2024, divided by the EPS as of March 31, 2023.
  2. Return on Net Worth (RoNW) is computed as net profit after tax divided by the closing net worth.
  3. NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.
Contact Details

AVP Infracon Limited

Plot No. E-30, Second floor, 2nd Avenue, Besant Nagar, Chennai- 600090

+91-44-48683999

cs@avpinfra.com

http://www.avpinfra.com/

Registrar Contact Details

Purva Sharegistry India Pvt Ltd

+91-022-23018261/ 23016761

support@purvashare.com

https://www.purvashare.com/investor-service/ipo-query