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AVP Infracon Limited IPO : Important Dates

AVP Infracon Limited IPO is set to launch on 13 March, 2024. The company initiated its business operations in the year 2009. It’s involved in the business of construction of road projects based on BOQ (Bill of Quantities) and Engineering, Procurement and Construction (EPC). It has completed over 40 projects and has an employee base of more than 100 people. AVP Infracon Limited builds various projects such as national highways, expressways, bridges, flyovers, irrigation projects etc. The company also builds hospitals, civic amenities, hotels, warehouses, residential projects etc. It also bids for various projects in the state of Tamil Nadu.

AVP Infracon Limited IPO DETAILS

AVP Infracon Limited IPO is set to launch on 13 March, 2024. The subscription timeline extends till 15 March, 2024. The size for the IPO is 52.34 Crore Rs. Shares issued through fresh issue mode are worth Rs 52.34 Crore. No shares are issued through offer for sale mode. The lot size is 1600 shares and the price is 71 Rs to 75 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is Purva Sharegistry India Private Limited.

Tabular Description of AVP Infracon Limited IPO

IPO OPENING DATE	13 March, 2024
CLOSING DATE FOR IPO	15 March, 2024
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	71 Rs to 75 Rs per share
LOT SIZE	1600 shares
MINIMUM ORDER QUANTITY	1600 shares
ISSUE SIZE	52.34 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode
FRESH ISSUE	52.34 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	20 March, 2023

AVP Infracon Limited IPO: IMPORTANT DATES

IPO OPENING DATE	13 March, 2024
CLOSING DATE FOR IPO	15 March, 2024
IPO ALLOTMENT DATE	18 March, 2024
REFUNDS	19 March, 2024
DEMAT A/C CREDITED ON	19 March, 2024
IPO LISTING DATE	20 March, 2024

AVP Infracon Limited IPO begins for subscription from 13 March, 2024. The IPO subscription would continue till 15 March, 2024. The allotment status for the shareholders who applied would come on 18 March, 2024. The refunds for the ones who did not get allotment would be initiated on 19 March, 2024. The DEMAT accounts of shareholders would be credited on 19 March, 2024. The listing of the company would be completed on 20 March, 2024.

AVP Infracon Limited IPO: Lead Managers

The lead managers are :

Share India Capital Services Private Limited

The minimum lot size for the company is decided at 1600 shares. This holding accounts to 120000 Rs.. The maximum lot size is decided at 3200 shares (HNI). This amounts to 240000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	1600 shares	120000 Rs.
Maximum	3200 shares	240000 Rs.

OBJECTIVES FOR THE IPO

IPO proceeds would be used for general corporate purposes.
The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	October 2023	March 2023
Asset	17232	14670
Revenue	7411	11550
PAT	855	1205

AVP Infracon Limited had an asset base of 14670 Lakh Rs in the year 2023. Till October 2023 the asset base of the company increased to 17232 Lakh Rs. The revenue of the company was 11550 Lakh Rs in the year 2023. Revenue of AVP Infracon Limited was 7411 Lakh till October 2023.

The company’s profit for March 2023 year was 1205 Lakh Rs. The profit of the company till October 2023 was at 855 Lakh Rs. Hence from the financials one can assume that the pace at which the company’s financials are improving will definitely surpass the previous year’s financial figures. Also the company will be able to generate more revenue and hence more profit this year in comparison to the previous year.

PROS

It has completed over 40 projects and has an employee base of more than 100 people.
AVP Infracon Limited builds various projects such as national highways, expressways, bridges, flyovers, irrigation projects etc.
The company also builds hospitals, civic amenities, hotels, warehouses, residential projects etc.
It also bids for various projects in the state of Tamil Nadu.

AVP Infracon Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
Click the AVP Infracon Limited IPO button and press the BID button.
Entering the details asked for like UPI ID, Quantity and price.
Submit the application form for the IPO.
Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.

dhairya@socialcoffee.in