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SME IPO Status: Listed [13th Mar 2024 to 15th Mar 2024]
AVP Infracon IPO, a SME IPO of ₹52.34 Cr was launced on 13-03-2024 to 15-03-2024 and the shares got listed on NSE SME on 20-03-2024.
The public issue of AVP Infracon IPO (AVPINFRA) was offered at ₹75.00 per share and the ipo was listed at ₹79.00. It has delivered listing gain of 5.33%.
As the minimum lot size was 1600 shares, the IPO has offered Rs 6400.00 per lot return on listing.
| SME IPO Issue Opening Date: | 13th Mar 2024 |
| SME IPO Issue Closing Date: | 15th Mar 2024 |
| SME IPO Issue Price: | ₹71.00-75.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹52.34 Cr |
| Fresh Issue: | ₹52.34 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 86.5% |
| Promoter Holding Post IPO: | 62.33% |
| Allotment Status: | Allotment Status |
| NSE Code: | AVPINFRA |
Get important updates regarding AVP Infracon SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 18th Mar 2024 |
| Refunds Initiation* | 19th Mar 2024 |
| Credit of Shares to Demat* | 19th Mar 2024 |
| SME IPO Listing Date* | 20th Mar 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹71.00-75.00 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹120000 |
| Min HNI Lots: | 3200 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 20-03-2024 | 75.00 | 0 | -- | ₹75 (0%) | 20-Mar-2024 10:24 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
AVP Infracon Limited was founded in 2009 with the vision of becoming a leading infrastructure development company in India. During the last decade, the company has excelled in various projects, including government contracts and national initiatives. As a result, it has established itself as a reliable construction company in India. With 14 years of experience in the industry, the company employs more than 100 experienced employees, including contractors, who are committed to achieving the company's goals.
The company is a private firm that specializes in road construction projects based on Bill of Quantities (BOQ) and Engineering, Procurement and Construction (EPC) methods. They are involved in all types of infrastructure development works, such as constructing, building, modifying, acquiring, remodeling, improving, designing, erecting, furnishing, equipping, developing, dismantling, demolishing, levelling, decorating, fabricating, reconstructing, renovating, rebuilding, and civil works. They undertake technically complex and high-value projects like Expressways, National Highways, Flyovers, Bridges and Viaducts, Irrigation Projects, Urban Development - Municipal Facilities, Hospitals, Warehouses, Hotels, and other commercial and residential projects.
The company has undertaken various infrastructure projects such as construction of flyovers, widening of culverts, installation of sewers, reconstruction of highways, and construction of retaining walls on government roads and flyovers. Since its inception, the company has completed 40 projects, worth around 31,321.03 lakhs.
| Incorporation | Sector | IPO Issue Size | Website |
| 2009 | Construction Services | ₹52.34 Cr | http://www.avpinfra.com/ |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,248,000 (28.51%) | 939,200 (21.45%) | 2,190,400 (50.04%) | 4,377,600 | |
| 1 | 13th Mar 2024 19:32 | 0.00x | 0.63x | 1.71x | 0.99x |
| 2 | 14th Mar 2024 19:32 | 0.00x | 2.51x | 5.80x | 3.44x |
| 3 | 15th Mar 2024 18:24 | 1.05x | 46.15x | 22.49x | 21.45x |
| Period Ended | 31 Oct 2023 | 31 Mar 2023 |
| Assets | 17,232.87 | 14,670.84 |
| Revenue | 7,411.90 | 11,550.09 |
| Profit After Tax | 855.78 | 1,205.31 |
| Net Worth | 3,405.31 | 2,549.66 |
| Reserves and Surplus | 1,605.31 | 2,069.66 |
| Total Borrowing | 7,791.95 | 6,729.31 |
| Amount in ₹ Lakhs | ||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| AVP Infracon Limited | 6.4 | 13.87 | 46.18 | Consolidated | ||
| Udayshivakumar Infra Ltd | 4.37 | 26.05 | 13.75 | 11.11 | Standalone | |
| Rachana Infrastructure Limited | 1.22 | 48.5 | 56.17 | 2.51 | Standalone | |
| H.g. Infra Engineering Ltd | 75.68 | 94.9 | 11.9 | 25.66 | Consolidated |
Last Updated on 24-Mar-2024 07:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase AVP Infracon SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply AVP Infracon SME IPO with Zerodha.
Alternate approch to apply in AVP Infracon SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
AVP Infracon SME IPO Review and Important Updates
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To subscribe or apply in AVP Infracon SME IPO, you can use the following methods:
| AVP Infracon SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in AVP Infracon SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in AVP Infracon SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in AVP Infracon SME IPO. Most of the Syndicate Banks provide access to apply in AVP Infracon IPO via ASBA process. You must have your net banking access, DP ID information to apply in AVP Infracon SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in AVP Infracon SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
AVP Infracon SME IPO Review and Important Updates
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AVP Infracon SME IPO is going to be list on 20-03-2024. NSE Code for AVP Infracon is AVPINFRA.
Other relevant questions:
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AVP Infracon SME IPO Allotment Date is 18-03-2024.
Other relevant questions:
AVP Infracon SME IPO share allotment date?AVP Infracon SME IPO allotment date?
