AVP Infracon IPO GMP – Open and Close Date, Reservation, Lot Size, Apply or not?

The subscription to AVP Infracon IPO opens on 13th March 2024 and closes on 15th March 2024. The main aim of this company is to provide quality-based services and products to customers in the long term. 

AVP Infracon IPO GMP 

AVP Infracon IPO is a book-built issue of Rs 52.34 crores. This issue is entirely a new issue of 69.79 lakh shares. 

The allotment for the AVP Infracron IPO is expected to be finalized on 18th March 2024 means Monday. This IPO will list on NSE SME with a tentative listing date fixed as 20th March 2024 means Wednesday. 

The price band of AVP Infracon IPO is set at Rs 71 to Rs 75 per share. 

AVP Infracon IPO Timeline 

IPO Open Date  13th March 2024, Wednesday 
IPO Closing Date  15th March 2024, Friday 
Allotment Basis  18th March 2024, Monday 
Refund Initiation  19th March 2024, Tuesday 
Credit of Shares to Demat  19th March 2024, Tuesday 
Date of Listing  20th March 2024, Wednesday
Cut-off time for UPI mandate  5 pm on 15th March 2024

AVP Infracon IPO Details 

Face Value  Rs 10 per share 
Price band  Rs 71 – Rs 75
Lot Size  1600 shares 
Total Issue Size  6,979,200 shares (aggregating up to Rs 52.34 Cr) 
Fresh Issue  6,979,200 shares (aggregating up to Rs 52.34 Cr) 
Type of Issue  Book Built Issue IPO 
Listing at  NSE SME 
Shareholding pre-issue  18,000,000
Shareholding post-issue  24,979,200
Market Maker Portion  731,200 shares 

AVP Infracon IPO Lot Size 

The minimal lot size regarding the application is around 1600 shares. The minimum amount of investment needed by retail investors is Rs 120,000. The minimum lot size investment for HNI is Rs 240,000. 

AVP Infracon IPO GMP 

The below-given table below depicts the lowest and highest investors and HNI in terms of amount and shares. 

Application  Lots  Shares  Amount 
Retail (Minimum) 1 1600 Rs 120,000
Retail (Maximum)  1 1600 Rs 120,000
HNI (Minimum)  2 3200 Rs 240,000

AVP Infracon IPO Reservation 

Category of Investors  Shares Offered 
Retail Shares Offered  No less than 35% of the offer 
QIB Shares Provided  Not high than 50% of the net offer 
NII (HNI) Shares Facilitated  Not lower than 15% of the offer 

AVP Infracon IPO Promoter Holding

The promoters of this company are Mr. D Prasanna and Mr. B Venkateshwarlu. 

Shareholding Pre Issue  86.5%
Shareholding Post Issue  62.34%

AVP Infracon IPO Objectives 

Regarding opening this IPO company has various objectives which are given below – 

  • To meet the expenses of public issue 
  • To buy capital equipment 
  • To meet working capital requirements 
  • General Corporate purposes 

Key Performance Indicator of AVP Infracon IPO

KPI Values 
ROE  25.05%
ROCE 22.63%
Debt/ Equity  1.96
RoNW 25.05%
P/ BV 3.96 
PAT Margin (%) 11.7

AVP Infracon IPO Review 

  • The company deals with a wide range of construction projects and services and the major focus of this firm is to facilitate high quality services to users with full safety. 
  • Next and very important review is that the financial stability of this firm is highly strong because they always keep quality in their operational activities. 
  • The employees of this company are highly talented due to this their products and services are delivered on time to users. 
  • It leads to enhancing the profit and goodwill of firms in the market and between customers at a maximum level. 
  • The management with high integrity and a deep understanding of business is a boon to investors. 
  • It facilitates all kinds of infrastructure development works, civil works such as express national highways, flyovers, irrigation projects and dealing with other kinds of construction works. 

Apply or Not 

In my opinion users definitely apply for this IPO because the portfolio of this company is increasing day by day. 

The other thing is that in this company investment is worthwhile for a long duration according to their current services. 

In conclusion, this firm is involved in the construction of road projects depending on Bill of Quantities and Engineering, Procurement, and Construction. 

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