AVP Infracon Limited IPO
- IPO Date13 Mar, 2024 to 15 Mar, 2024
- Listing Date20 Mar, 2024
- Face Value₹10 per share
- Issue Price₹71 to ₹75 per share
- Lot Size1600 Shares
- Minimum Investment₹1,20,000
- Listing AtNSE SME
- Total Issue Size69,79,200 Shares
(aggregating up to ₹52.34 Cr) - Fresh Issue69,79,200 Shares
(aggregating up to ₹52.34 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,80,00,000
- Shareholding post issue2,49,79,200
IPO Dates
Closing Date
15 Mar, 2024
Initiation of Refunds
19 Mar, 2024
Listing Date
20 Mar, 2024
13 Mar, 2024
Opening Date
18 Mar, 2024
Basis of Allotment
19 Mar, 2024
Credit of Shares
AVP Infracon Limited Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| HNI (Min) | 2 | 3200 | ₹2,40,000 |
| Retail (Min) | 1 | 1600 | ₹1,20,000 |
| Retail (Max) | 1 | 1600 | ₹1,20,000 |
AVP Infracon Limited Promoter Holding
Mr. D Prasanna and Mr. B Venkateshwarlu are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 86.5% | 62.33% |
AVP Infracon Limited COMPANY INFORMATION
AVP Infracon IPO is a book built issue of Rs 52.34 crores. The issue is entirely a fresh issue of 69.79 lakh shares. AVP Infracon IPO bidding started from March 13, 2024 and ended on March 15, 2024. The allotment for AVP Infracon IPO was finalized on Monday, March 18, 2024. The shares got listed on NSE SME on March 20, 2024. AVP Infracon IPO price band is set at ₹71 to ₹75 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹240,000. Share India Capital Services Private Limited is the book running lead manager of the AVP Infracon IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market maker for AVP Infracon IPO is Share India Securities. Refer to AVP Infracon IPO RHP for detailed information.
AVP Infracon Limited was established in 2009 and is engaged in the construction of road projects on the basis of Bill of Quantities (BOQ) and Engineering, Procurement and Construction (EPC). The company was previously known as AVP Constructions Private Limited.
The company provides all types 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 bids for 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 completed over 40 projects worth around Rs. 31,321.03 lakhs and employs more than 100 people.
FAQs About Avp Infracon Limited Ipo
AVP Infracon Limited IPO will open on 13 Mar, 2024 and close on 15 Mar, 2024. Investors must apply within this period to participate.
The AVP Infracon Limited IPO price band is set between ₹71.00 and ₹75.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹120000.00.
The AVP Infracon Limited IPO shares are expected to be listed on 20 Mar, 2024, subject to regulatory approvals and final allotment.
You can track your AVP Infracon Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The AVP Infracon Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.