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AVP Infracon IPO
Price Band
₹71.0–75.0
Issue Size
₹52.34 Cr
Lot Size
1,600 shares
Min Investment
₹120,000
GMP
—
Issue Price
₹75.0
AVP Infracon IPO AI Summary
- AVP Infracon IPO is listed on NSE SME in the Civil Construction sector.
- Price band: ₹71.0–₹75.0 per share, lot size 1,600 shares (min. investment ₹120,000).
- Subscription window: 13 Mar–15 Mar 2024, listing on 20 Mar 2024.
AVP Infracon Limited is a civil construction company with a focus on infrastructure projects primarily in Tamil Nadu. The company is looking to raise funds through its IPO to enhance its capital equipment and meet working capital needs. Investors should consider the company's financial performance and market conditions before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
AVP Infracon IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 15 Mar 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
AVP Infracon IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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.
Company Financials (₹ Cr)
As of 2023-10-31
| Period Ended | 31 Oct 2023 | 31 Mar 2023 |
|---|---|---|
| Assets | 172.33 | 146.71 |
| Total Income | 74.12 | 115.50 |
| Profit After Tax | 8.56 | 12.05 |
| NET Worth | 34.05 | 25.50 |
| Reserves and Surplus | 16.05 | 20.70 |
| Total Borrowing | 77.92 | 67.29 |
Key Ratios
EPS
₹6.70
NAV
₹18.50
ROE
25.05%
ROCE
22.63%
RoNW
25.05%
P/B Value
3.96
P/E Ratio
11.2
Market Cap
₹187.34 Cr
PAT Margin
11.91%
Debt/Equity
1.96
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| H.g. Infra Engineering Ltd | 94.9 | 25.66% | 11.9 | 75.68 |
| Rachana Infrastructure Limited | 48.5 | 2.51% | 56.17 | 1.22 |
| Udayshivakumar Infra Ltd | 26.05 | 11.11% | 13.75 | 4.37 |
| AVP Infracon Limited This IPO | 13.87 | 46.18% | — | 6.4 |
Promoters
D Prasanna and B Venkateshwarlu
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To Purchase Capital Equipment 15.00 2 To Meet Working Capital Requirements 30.00 3 General corporate purposes 4.84
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹115.50 Cr for the period ending 31 Mar 2023, but decreased to ₹74.12 Cr by 31 Oct 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹12.05 Cr for the period ending 31 Mar 2023, dropping to ₹8.56 Cr by 31 Oct 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
AVP Infracon's implied P/E at the issue price is approximately 11.2, compared to peers trading at P/E ratios ranging from 11.9 to 56.17.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial market where shares of an IPO are traded before they are listed on the stock exchange. The GMP can indicate the expected listing price of an IPO based on demand and supply dynamics in the grey market.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals, risk tolerance, and market conditions.
Who May Want to Wait
Investors who prefer stable, established companies with consistent earnings may want to avoid IPOs like this, which can involve higher risks and uncertainties.
IPO Timeline, Explained
The IPO will open for subscription from 13 March 2024 and close on 15 March 2024. Allotment of shares will be on 18 March 2024, with the listing date set for 20 March 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may see a significant increase in share price on their first day of trading, others may not perform as expected. Investors should be aware that market conditions and investor sentiment can greatly influence listing-day performance.
This evaluation is generated from AVP Infracon's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of AVP Infracon IPO?
The price band of AVP Infracon IPO is ₹71.0–₹75.0 per share.
When does AVP Infracon IPO open and close?
AVP Infracon IPO opens on 13 March 2024 and closes on 15 March 2024.
When does AVP Infracon IPO list on the stock exchange?
AVP Infracon IPO listed on 20 March 2024 at ₹75.0.
What is the lot size for AVP Infracon IPO?
The lot size for AVP Infracon IPO is 1600 shares, requiring a minimum investment of ₹120,000.
What is the lot size for this IPO?
The lot size for AVP Infracon's IPO is 1600 shares.
What is the minimum investment required?
The minimum investment required is ₹120,000.
What is the price band for the IPO?
The price band for the IPO is between ₹71.0 and ₹75.0.
When is the listing date for the IPO?
The listing date for the IPO is 20 March 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price of an IPO in the grey market before it officially lists.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
13 Mar 2024
Close
15 Mar 2024
Allotment
18 Mar 2024
Listing
20 Mar 2024
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