Discover the details of the AVP Infracon Limited IPO, including key dates, price band, lot size, and financial highlights. Get insights into the company’s offerings, management team, and objectives, empowering investors to make informed decisions about infrastructure investment opportunities.
Introduction:
AVP Infracon Limited is set to make waves in the infrastructure sector with its upcoming Initial Public Offering (IPO). In this article, we delve into the intricacies of the AVP Infracon Limited IPO, providing comprehensive insights into its offerings, financials, and growth prospects.
Key Dates and Pricing:
Opening Date: March 13, 2024
Closing Date: March 15, 2024
Listing Date: March 20, 2024
Price Band: ₹71 to ₹75 per share
Lot Size: 1600 Shares
AVP Infracon Limited IPO Details:
AVP Infracon Limited IPO comprises a fresh issue of 69.79 lakh shares, aiming to raise ₹52.34 crores. The offering, managed by Share India Capital Services Private Limited, will list on NSE SME. Promoters Mr. D Prasanna and Mr. B Venkateshwarlu lead the company.
Allocation Breakdown:
- QIB: 50%
- Retail: 35%
- NII (HNI): 15%
Investment Lot Sizes:
- Retail: 1600 shares (₹120,000)
- HNI: 3200 shares (₹240,000)
Financial Highlights:
AVP Infracon’s financials showcase robust growth, with revenues reaching ₹11,550.09 lakhs in FY23. The company’s profit after tax surged to ₹1,205.31 lakhs, reflecting its promising performance.
Company Overview:
Established in 2009, AVP Infracon specializes in road construction projects and EPC methodologies. With over 14 years of experience, the company has completed 40 projects worth ₹31,321.03 lakhs.
Strengths and Opportunities:
- Experienced Management Team
- Diversified Portfolio
- Strong Order Book
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Objectives of the IPO:
The IPO proceeds will fund capital equipment purchases, meet working capital needs, cover public issue expenses, and support general corporate purposes.
Promoters and Management:
Mr. D Prasanna and Mr. B Venkateshwarlu spearhead AVP Infracon’s operations, bringing years of industry expertise and leadership.
Financial Performance:
AVP Infracon’s revenue and profit metrics demonstrate consistent growth, reflecting its robust business model and strategic execution.
Conclusion: A Gateway to Infrastructure Investment
As AVP Infracon prepares to debut on the stock market with its IPO, investors are presented with a promising avenue for participation in India’s burgeoning infrastructure sector. Backed by a track record of success, robust fundamentals, and visionary leadership, AVP Infracon stands poised to capitalize on the nation’s evolving infrastructure landscape. By offering comprehensive insights into the AVP Infracon Limited IPO, this article empowers investors to make informed decisions, laying the groundwork for potential growth and prosperity in the dynamic realm of stock market investments.
By providing comprehensive insights into the AVP Infracon Limited IPO, this article equips investors with the knowledge needed to make informed decisions in the dynamic landscape of the stock market.
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