by Sandip Das on 13 March 2024, 5 min read
AVP Infracon opened its initial public offer (IPO) for subscription on March 13, 2024. The company will close the issue on March 15, 2024. The AVP Infracon IPO has set the price band between Rs 71 to Rs 75 per share. The company aims to raise Rs 52.34 crore at the upper end of the price band. This IPO is a fresh issue and comprises 69.79 lakh equity shares.
AVP Infracon engages in constructing road projects using Bill of Quantities (BOQ) and Engineering, Procurement, and Construction (EPC) methods. The company offers a wide range of infrastructure development services, including civil works such as expressways, national highways, flyovers, bridges, and viaducts. Additionally, it undertakes irrigation projects, and urban development initiatives like civic amenities, hospitals, warehouses, hotels, and various commercial and residential projects.
The AVP Infracon IPO has set the price band between Rs 71 to Rs 75 per share.
At the upper end of the price band, the company plans to raise Rs 52.34 crore through the book-built issue, which comprises solely a fresh issue of 69.79 lakh equity shares. The IPO lot size is 1,600 shares, with retail investors required to invest a minimum amount of Rs 1,20,000.
Particulars (Rs lakhs) | Period Ended Oct 31, 2023 | Year Ended March 31, 2023 |
Revenue from operations | 7,405.33 | 11,498.08 |
Profit After Tax | 855.78 | 1,205.31 |
AVP Infracon has planned to allocate the net proceeds towards capital equipment, fulfilling working capital requirements, and addressing general corporate purposes.
Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment.
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