AVP Infracon Limited

Company Profile
Company Name AVP Infracon Limited
Open Date 13-03-2024
Close Date 15-03-2024
Exchange NSE SME
Lot Size 1600 Shares
Issue Price ₹71 to ₹75 per share
Issue Size 69,79,200 shares
Application Amount ₹1,20,000
Recommendation Apply
AVP Infracon Limited was originally incorporated in the year 2009 and has its registered office in Chennai, Tamil Nadu.The company is primarily engaged in the business of construction of road projects based on Bill of Quantity (BOQ) and Engineering, Procurement and Construction (EPC) method. Over the years, the company has successfully completed 40 projects worth ₹ 31,321.03 lakhs approximately. As on the date of filing the Red Herring Prospectus, company has total 14 projects including 12 on-going projects worth approximately ₹ 20,188.91 lakhs, and 2 additional projects worth approximately ₹ 3,421.34 lakhs wherein AVP Infracon Limited is L1. As on the date of filing the Red Herring Prospectus, the company had 43 full time employees.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Oct-23
Total Assets 5,125.65 6,239.66 11,933.39 14,287.47
Net Assets 684.07 1,343.50 2,496.14 3,330.28
Total Borrowings 2,699.36 3,167.50 4,905.44 5,599.30
Total Revenue 5,817.80 6,402.50 10,715.40 7,005.13
Profit After Tax 226.30 399.43 1,152.63 834.27

Tentative Timeline

Opening Date 13-03-2024
Closing Date 15-03-2024
Basis of Allotment 18-03-2024
Initiation of Refunds 19-03-2024
Credit of Shares to Demat 19-03-2024
Listing Date 20-03-2024

Objects of the Issue

To Purchase Capital Equipment.
To Meet Working Capital Requirements.
To meet Public Issue Expenses.
General corporate purposes.

Contact Information

Registered Office AVP Infracon Limited Plot No. E-30, Second floor, 2nd Avenue, Besant Nagar, Chennai- 600090.
Phone +91-44-48683999
Email cs@avpinfra.com
Website http://www.avpinfra.com/

Registrar Details

Name Purva Sharegistry India Pvt Ltd
Phone +91-022-23018261/ 23016761
Email support@purvashare.com
Website https://www.purvashare.com/investor-service/ipo-query

IPO Reservation

QIB Shares Offered Not more than 50.00% of the Net offer
Retail Shares Offered Not less than 35.00% of the Offer
NII (HNI) Shares Offered Not less than 15.00% of the Offer

Shareholding Pattern

Share Holding Pre Issue (Promoters) 86.50%
Share Holding Post Issue (Promoters) 62.33%

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