IPO Details
Bidding Dates
13 Mar 24 - 15 Mar 24
Price Range ₹
71 - 75
Total Equity
₹ 52.34Cr
Lot Size
1600
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
13 Mar 2024
Offer end
15 Mar 2024
Allotment
18 Mar 2024
Refund initiation
19 Mar 2024
Demat transfer
19 Mar 2024
Listing
20 Mar 2024
Offer start
13 Mar 2024
Offer end
15 Mar 2024
Allotment
18 Mar 2024
Refund initiation
19 Mar 2024
Demat transfer
19 Mar 2024
Listing
20 Mar 2024
About Company
AVP Infracon Limited, established in 2009, specializes in the construction of road projects based on Bill of Quantities (BOQ) and Engineering, Procurement, and Construction (EPC) methodologies. Formerly known as AVP Constructions Private Limited, the company offers a comprehensive range of infrastructure development services. These include civil works such as expressways, national highways, flyovers, bridges, and viaducts, as well as irrigation projects, urban development initiatives encompassing civic amenities, hospitals, warehouses, hotels, and various commercial and residential ventures. AVP Infracon actively bids for projects involving road construction, bridges, irrigation and canal schemes, flyovers, and industrial areas, with a primary focus on projects within the state of Tamil Nadu.
Year Founded
09-09-2009
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 86.5 | 62.34 |
| Share Capital | 15570000 | 15570000 |
Offer to Public
69,79,200.00 Cr
Project Details
- To Purchase Capital Equipment - 150cr
- To Meet Working Capital Requirements - 350cr
Objectives
- To Purchase Capital EquipmentTo Meet Working Capital RequirementsGeneral corporate purposesTo meet Public Issue Expenses
Highlights
- AVP Infracon Limited engages in various infrastructure development works, including civil works, urban development, and commercial and residential projects, allowing for a diversified revenue stream.
- With over 40 completed projects and a history dating back to 2009, the company has established a strong presence in the construction industry, which can attract more clients and opportunities.
- The company specializes in road projects based on Bill of Quantities (BOQ) and Engineering, Procurement and Construction (EPC), showcasing its expertise in this field.
- AVP Infracon bids for construction projects in various sectors, primarily in Tamil Nadu, providing ample opportunities for revenue generation and growth.
- With over 100 employees, the company has a growing workforce that can handle multiple projects simultaneously, potentially increasing productivity and efficiency
Challenges
- While the company mainly operates in Tamil Nadu, its regional concentration may limit its market reach and expose it to risks associated with the local economy.
- Since the company bids for government projects like roads, bridges, and irrigation projects, its revenue may be subject to delays and uncertainties associated with government funding and approvals.
- The construction industry is highly competitive, with numerous players competing for projects, which may affect AVP Infracon's ability to secure contracts and maintain profitability.
- The construction sector is sensitive to economic cycles, and downturns in the economy could lead to reduced demand for infrastructure projects, impacting the company's revenue and profitability.
- Construction projects inherently carry risks such as delays, cost overruns, and regulatory hurdles, which could affect project timelines and profitability for AVP Infracon Limited
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 22,014.25 | 2,497.92 | 1,882.68 | 1,866.67 | 7.4729 |
| 2023 | 14,581.02 | 480.00 | 1,882.68 | 1,866.67 | 7.4729 |
