AVP Infracon IPO Review, IPO GMP Today, Company Details, Fundamentals

AVP-Infracon-IPO-Review-IPO-GMP-Today-Company-Details

AVP Infracon IPO Review: AVP Infracon, a construction company focused on road projects, is launching its initial public offering (IPO) today. This SME IPO aims to raise ₹52.34 crores through the issuance of fresh equity shares.

AVP Infracon IPO Dates

IPO Open DateWednesday, March 13, 2024
IPO Close DateFriday, March 15, 2024
Basis of AllotmentMonday, March 18, 2024
Initiation of RefundsTuesday, March 19, 2024
Credit of Shares to DematTuesday, March 19, 2024
Listing DateWednesday, March 20, 2024

Key Details:

  • Issue Price: ₹71 – ₹75 per share
  • Issue Size: ₹52.34 crores
  • Offer Type: Fresh Issue
  • Listing Exchange: NSE SME
  • Issue Open/Close Dates: March 13-15, 2024
  • Lot Size: 1600 Shares

AVP Infracon IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)11600₹120,000
Retail (Max)11600₹120,000
HNI (Min)23,200₹240,000

AVP Infracon IPO Promoter Holding

Share Holding Pre Issue86.5%
Share Holding Post Issue62.33%

AVP Infracon IPO Company Fundamentals

Period Ended31 Oct 202331 Mar 2023
Assets17,232.8714,670.84
Revenue7,411.9011,550.09
Profit After Tax855.781,205.31
Net Worth3,405.312,549.66
Reserves and Surplus1,605.312,069.66
Total Borrowing7,791.956,729.31
Amount in ₹ Lakhs

AVP Infracon Company Fundamentals:

  • AVP Infracon has been operational since 2009 and has experience in building roads, bridges, hospitals, and other infrastructure projects.
  • For the first seven months of FY24 (ending October 31, 2023), the company reported a net profit of ₹8.34 crore on a total income of ₹70.05 crore.
  • The company has a healthy profit margin but has not declared any dividends yet.

AVP Infracon IPO Allotment Status (Registrar)

Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Websitehttps://www.purvashare.com/investor-service/ipo-query

AVP Infracon Analyst Reviews:
Analysts have mixed reviews on the AVP Infracon IPO. Some believe the asking price is fair considering the company’s financials, while others find it fully priced. The P/E ratio b

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Disclaimer:
Note: The information provided here is sourced from various internet outlets. For additional IPO reviews, please visit Vhindinews.

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