AVP Infracon Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

13 Mar 2024

Close Date

15 Mar 2024

Allotment

18 Mar 2024

Listing Date

20 Mar 2024

Exchange

NSE SME

Price Band

₹75

Listing Price

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Allotment Status

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Price Band

₹75

Per share

Face Value

₹10 per share

Lot Size

1,600 Shares

per lot

Issue Size

69,79,200 shares (aggregating up to ₹52.34 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹120,000

1 lot

Pre-IPO Holding

1,80,00,000 shares

Promoters

Post-IPO Holding

2,49,79,200 shares

Promoters

P/E (Pre)

11.2x

P/E (Post)

12.77x

EPS (Pre)

₹6.70

EPS (Post)

₹5.87

UPI Deadline

2024-03-15

Mandate

Anchor AllotmentTue, 12 Mar 2024

Basis of AllotmentMon, 18 Mar 2024

Refund InitiationTue, 19 Mar 2024

Demat CreditTue, 19 Mar 2024

Listing DayWed, 20 Mar 2024

UPI Mandate Deadline2024-03-15

Sale TypeFresh Capital

Net Offer to Public62,48,000 shares (aggregating up to ₹46.86 Cr)

Market Maker Quota7,31,200 shares (aggregating up to ₹5.48 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

AVP Infracon Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 15 Mar 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	731,200	—	₹5.48
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	6,979,200	100%	₹52.34

IPO Shares Offered

AVP Infracon Ltd IPO total issue size: ₹52.34 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	731,200	₹5.48	10.48%
Total	6,979,200	₹52.34	100.00%

* Based on upper price band ₹75 per share

Lot Size & Investment

Lot Size

1,600

Shares per Lot

Issue Price

₹75.00

Upper Band

Min Investment

₹120,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	3,200	₹240,000
Retail (Max — 13 Lots)	13	20,800	₹1,560,000
S-HNI (Min — 14 Lots)	14	22,400	₹1,680,000
B-HNI (Min — 68 Lots)	68	108,800	₹8,160,000

* Issue Price ₹75 × Lot Size 1,600 shares

IPO Schedule

Anchor

12 Mar 2024

✓ Done

IPO Open

13 Mar 2024

✓ Done

IPO Close

15 Mar 2024

✓ Done

Allotment

18 Mar 2024

✓ Done

Refunds

19 Mar 2024

✓ Done

Demat Credit

19 Mar 2024

✓ Done

Listing Day

20 Mar 2024

✓ Done

₹75.00

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Issue ₹75.00 Live Price

About AVP Infracon Ltd

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.

Objects of the Issue

To Purchase Capital Equipment,

To Meet Working Capital Requirements,

General corporate purposes, and

To meet Public Issue Expenses.

AVP Infracon Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

N/A

FY 2022-23

₹11,550.1

31 Mar 2023

₹7,411.9

31 Oct 2023

Profit After Tax (PAT)

N/A

FY 2022-23

₹1,205.3

31 Mar 2023

₹855.8

31 Oct 2023

Particulars	31 Oct 2023	31 Mar 2023	FY 2022-23
Revenue from Operations	7411.90	11550.09	N/A
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	855.78	1205.31	N/A
Net Worth	3405.31	2549.66	N/A
Total Assets	17232.87	14670.84	N/A
Reserves & Surplus	1605.31	2069.66	N/A
Borrowings	7791.95	6729.31	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	11.91%	—	—

P/BV Ratio

3.96

RoE

25.05%

RoCE

22.63%

RoNW

25.05%

PAT Margin

11.91%

Debt/Equity

1.96

Issue Structure & Shareholding

Total Shares Offered69,79,200 (100.00%)

Net Offer to Public62,48,000 shares (aggregating up to ₹46.86 Cr)

Reserved for Market Maker7,31,200 shares (aggregating up to ₹5.48 Cr)

Pre-Issue Promoter Holding1,80,00,000 shares

Post-Issue Promoter Holding2,49,79,200 shares

P/BV Ratio3.96

RoE25.05%

RoCE22.63%

Debt / Equity1.96

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Purva Sharegistry (India) Pvt.Ltd

+91-022-23018261/ 23016761

support@purvashare.com

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

Check Allotment

Book Running Lead Managers

Share India Capital Services Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much AVP Infracon Ltd IPO subscribed? ▲

AVP Infracon Ltd IPO is subscribed 1.00 times by Mar 15, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is AVP Infracon Ltd IPO retail subscription status? ▼

The AVP Infracon Ltd IPO retail category is subscribed 1.00 times as of 15 Mar 2024. The retail portion is oversubscribed.

How to subscribe AVP Infracon Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 13 Mar 2024 and closes 15 Mar 2024. Min investment: ₹120,000 (1 lot = 1,600 shares). UPI mandate: 2024-03-15.

How many times AVP Infracon Ltd IPO subscribed? ▼

The AVP Infracon Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check AVP Infracon Ltd IPO allotment? ▼

Check allotment on the registrar website (Purva Sharegistry (India) Pvt.Ltd) at https://www.purvashare.com/investor-service/ipo-query. Enter your PAN, application number or DP/Client ID. Allotment date: 18 Mar 2024. Refunds: on 19 Mar 2024.

When AVP Infracon Ltd IPO will be listed? ▼

The AVP Infracon Ltd IPO listing date is 20 Mar 2024, Wednesday. Listed on: NSE SME. Issue price: ₹75. Estimated listing: ₹75. GMP: NIL.

When AVP Infracon Ltd IPO close? ▼

The AVP Infracon Ltd IPO closes on 15 Mar 2024, Friday. UPI mandate: 2024-03-15. Allotment: 18 Mar 2024. Listing: 20 Mar 2024.

Quick Actions

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Live Price LIVE

Last Price₹75.00

Change—

Issue Price₹75.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹75

Face Value₹10

Lot Size1,600 Sh

Min. Amount₹120,000

GMPNIL

Est. Listing₹75

Subscribed1.00x

Open Date13 Mar 2024

Close Date15 Mar 2024

Allotment18 Mar 2024

Listing Date20 Mar 2024

ExchangeNSE SME

UPI Deadline2024-03-15