AVP Infracon Limited
Book Built Issue IPO · NSE
- Price band
- ₹71 - ₹75
- Lot size
- 1,600 shares
- Issue amount
- ₹52.34 cr
- Total subscription
- 21.62×
- Opens
- 13 Mar 2024
- Closes
- 15 Mar 2024
- Allotment
- 18 Mar 2024
- Listing
- 20 Mar 2024
Offer at a glance
Issue overview
- Issue size
- 69,79,200 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,13,600
- Fresh issue
- ₹52.34 cr
- Offer for sale
- ₹0 cr
- Registrar
- Purva Sharegistry India Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,20,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,80,00,000
- Shares after issue
- 2,49,79,200
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,20,000 |
| HNI | 2 | 3,200 | ₹2,40,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 9.36 | 9.83 |
| RETAIL | 16.43 | 369.49 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Oct-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 4.63 | 6.4 | 2.22 |
| ROE | 25.05 | 46.18 | 29.73 |
| ROCE | 22.63 | 37.04 | 25.94 |
| RONW | 25.05 | 46.18 | 29.73 |
| PRE IPO(PE) | 3.96 | 0 | 0 |
| POST IPO(PE) | 11.2 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
AVP Infracon Limited, formerly AVP Constructions Private Limited, has been a key player in infrastructure development since 2009, specializing in road construction under Bill of Quantities (BOQ) and Engineering, Procurement, and Construction (EPC) contracts. Expanding beyond roads, the company undertakes diverse projects, including expressways, flyovers, bridges, civic amenities, hospitals, warehouses, hotels, and residential complexes. Operating primarily in Tamil Nadu, AVP Infracon has successfully executed over 40 projects worth approximately Rs. 31,321.03 lakhs as of January 2024. With a dedicated workforce of over 100 employees, the company remains committed to quality, innovation, and the modernization of critical infrastructure.
Strengths
- Expanding its Project Portfolio: Diversifying beyond roads, bridges, and flyovers into other infrastructure segments like urban development or renewable energy projects.
- Strengthening Supplier and Vendor Relationships: Ensuring consistent material supply and cost control to support its cost-efficiency focus.
- Leveraging Digital Transformation: Using AI and data analytics for better project management, risk assessment, and efficiency improvements.
Risk factors
- Geographical Diversification: Expanding operations beyond Tamil Nadu to reduce regional dependency and spread risk.
- Long-Term Office Space Strategy: Exploring options for office ownership or securing long-term leases with favorable terms to minimize disruption risks.
- Cash Flow Management: Implementing strict financial controls, optimizing working capital, and securing additional funding sources to address negative cash flows.
Promoters
Mr. D Prasanna
Mr. B Venkateshwarlu
Objects of the issue
+91-022-23018261
Registrar & documents
Lead manager
Share India Capital Services Private Limited
Registrar & contacts
Purva Sharegistry India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. E-30, Second floor, 2nd Avenue, Besant Nagar, Chennai- 600090
+91-44-48683999
[email protected]Company website ↗Understanding AVPINFRA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.