AVP Infracon Limited IPO – Date, Review, Price Band, GMP, Allotment Details (Complete Information)

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AVP Infracon Limited IPO – Date, Review, Price Band, GMP, Allotment Details (Complete Information)

AVP Infracon Limited IPO

AVP Infracon Limited is gearing up for its Initial Public Offering(IPO) on March 13, 2024, to March 15, 2024. AVP Infracon Limited IPO is an SME IPO and the company announced the price for its IPO shares. It is proving an opportunity for the individual to become a shareholder in the company. AVP Infracon Limited IPO is the first time a company’s shares are available for public purchase in the stock market.

AVP Infracon Limited is a famous private company that deals in the construction of road projects. It is company work on Bill of Quantities (BOQ) and Engineering, Procurement, and Construction (EPC) methods. They not only deal in road projects but also engage in the construction business. They build, improve, construct, convert, design, establish, fabricate, reconstruct, and remodel, which means they do all types of infrastructure development works at a high level. They deal only in huge projects of highways, flyovers, bridges, hospitals, warehouses, hotels and many more. It has been a well-established company since 2009 and is one of the leading infrastructure development companies in India. It is a huge company with 100+ experienced employees and 14 years of experience.

Now, the company decided to become public from the private firm. If you are interested in AVP Infracon Limited IPO shares then it is open on 13-14-15 March. They released an IPO Size of Approximately ₹52.34 Crores, 6,979,200, Equity Shares. Other details are following-

  • Face Value: ₹10 Per Equity Share

  • IPO Price Band: ₹71 to ₹75 Per Equity Share

  • IPO Listing on NSE SME

  • Retail Quota: 35% of the net offer

  • QIB Quota: 50% of the net offer

  • NII Quota: 15% of the net offer

  • Finalization of Allotment: March 18, 2024

  • Initiation of Refunds: March 19, 2024

  • Credit of Shares: March 19, 2024

  • Date of Listing: March 20, 2024

  • Mandate end date: March 30, 2024

 

 

 

What is the AVP Infracon IPO Market Lot?

AVP Infracon IPO Market Lot is 1600 shares. It is the minimum number of shares that can be purchased by the investor in the AVP Infracon IPO Shares.

For Retail Minimum

  • Lot Size: 1

  • Shares: 1600

  • Amount: Rs 1,20,000

For Retail Maximum

  • Lot Size: 1

  • Shares: 1600

  • Amount: Rs 1,20,000

S-HNIMinimum

  • Lot Size: 2

  • Shares: 3200

  • Amount: Rs 2,40,000

 

 

How To Participate In AVP Infracon Limited IPO?

If you are interested in AVP Infracon IPO Share, then follow below step-by-step guide below-

  1. Open a Demat Account: The Investor required a Demat Account to apply for the AVP Infracon IPO Shares. It is an account to hold the shares in electronic form. There are many financial institutions which offer the Demat account service. you can find one and create your account in it.

  2. Funding the trading account: Ensure your trading account is funded with a sufficient amount to bid on the AVP Infracon IPO Shares. Their shares will be released with crores, so make sure about the funds.

  3. Place Bid: During the IPO period which became on the 13 March. Login to your trading account and place bids for the number of shares you want and at the price you are willing to pay.

  4. Wait for Allotment: When the IPO closes for AVP Infracon Limited, which is on 15 March 2024 after 3 days, wait for the allotment results. Remember, not all the bids may be successful when there is high demand.

  5. Listing Day: If you get an allotment, then will be listed on the stock exchange. Once the listing is done, you can start trading these shares.

 

 

 

AVP Infracon Limited IPO Objective

AVP Infracon Limited is a construction company and soon launched its IPO shares in the public market. Following are the Company’s objectives by the raised funds-

  • Working Capital Needs: Many companies release their shares for financial support for the company. AVP Infracon Ltd may choose to use IPO share funds for the day-to-day operation. It can be a necessary fund for the company to use daily. The company plans to use Rs 35 crores from the raised fund of IPO shares.

  • Acquire Capital Equipment: In addition, AVP Infracon Ltd is planning to use the funds for the purchase of capital equipment, which will be used for the company; ‘s operational improvement and expansion. Companies are planning to utilize the Rs 15 crores out of the net for purchasing capital equipment like road laying equipment, loading equipment, plant batching equipment, material handling equipment and many more.

 

 

AVP Infracon Limited Risk & Challenges

Here is the operational risk that every investor should consider before investing in the AVP Infracon Ltd IPO Shares-

  • Revenue Dependency: The overall revenue of the company is derived from the work done in the state of Tamil Nadu only. They don’t have any experience outside Tamil Nadu. There is a risk to business, financial health and operation results, if there is any unfavorable development in Tamil Nadu.

  • Working Capital Challenges: The main objection to releasing shares by the company is working capital. AVP Infracon Ltd IPO has significantly demanded the capital and delayed the necessary funds which raises the risk of financial performance.

  • Negative Cash Flows: As from the history, the AVP Infracon Ltd company reported the negative cash flow from its operating, investing, and financing activities. If there is operating loss and negative cash flows in the future, it can negatively affect the business.

FAQ (Frequently Asked Question) on AVP Infracon Limited:-

Q.1 What is avp infracon limited ipo?

AVP Infracon Limited ipo is an SME IPO. It is believed that they will raise ₹52.34 Crores via IPO. AVP Infracon limited ipo share is listed on NSE. It is released by the company to sell their shares for funds. This is the first time the company has released AVP infracon limited ipo shares for the public.

Q.2 When will avp infracon limited ipo open for all?

Avp Infracon Limited ipo will be open from 13 March 2024 to 15 March 2024. Investors can buy avp infracon limited ipo shares within three days with the Demat Account.

Q.3 What is AVP infracon limited share price?

The company set the price band of about ₹71 to ₹75 per share for the 1600 shares. Any investor can apply for avp infracon limited ipo.

Q.4 How to Apply for avp infracon limited ipo?

You can apply for avp infracon limited ipo through a demat account, ASBA online or your bank account. It is an easy process to apply themselves or contact the stock brokers is also an option.

Q.5 What is the avp infracon limited ipo minimum and maximum?

The avp infracon limited ipo bd is 1600 shares with ₹120,000.

Q.6 When can I check the avp infracon limited ipo allotment?

Avp infracon limited ipo listing date is March 20, 2024. You can get the allotment of shares before 20 March.

 

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