AVP Infracon IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Table of Contents

What is the business of AVP Infracon?

AVP Infracon is engaged in the business of construction and transacts the business to construct, build, alter, acquire, convert, improve, design, erect, establish, equip, develop, dismantle, pull down, level, decorate, fabricate, reconstruct, renovate, remodel, rebuild all types of infrastructure developmental works, constructions works such as technically complex and high value projects like Express ways, National Highways, Flyovers, Bridges and Viaducts, Irrigation Projects, Urban Development – Civic amenities, Hospitals, warehouses, hotels and other Commercial and Residential Projects.

The Company has 14 (fourteen) years of experience in the business and have 100+ experienced employees (including contractual) working towards achieving the goal the Company. The Company has completed 40 projects.

Get more information about the company @ http://www.avpinfra.com/

Who are the Promoters of AVP Infracon IPO?
Mr. D Prasanna and Mr. B Venkateshwarlu are the promoters of the company.

What are the Objects of AVP Infracon IPO?

The Offer comprises only of a Fresh Issue of Equity shares.

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

To Purchase Capital Equipment,
To Meet Working Capital Requirements,
General corporate purposes, and
To meet Public Issue Expenses.

AVP Infracon IPO To the point Guidance
PInfracon is engaged in the business of construction of Express ways, National Highways, Flyovers, Bridges and Viaducts, Irrigation Projects, Urban Development – Civic amenities, Hospitals, warehouses, hotels and other Commercial and Residential Projects.
Size:  The net size of the IPO is Rs. 46.86 Cr comprising of 6248000 shares. The size of the IPO is some what largeand recently the fear of action on the lead managers have affected the oversubscriptions in some of the IPOs. . With 1367 applications, the retail portion will get oversubscribed one time. The HNI portion is just Rs. 7.03 Cr, so oversubscription possible.
Financial Snapshot: The company has shown sharp rise in the topline and the bottomline in the year 2022-23, a year prior to the IPO, (NP of Rs. 12.05 Cr as compared to Rs. 1.70 Cr in 2020-21). Looking to the infrastructure related business, such rise may be possible. We are unable to comment on the same. The shares are offered at a valuation in line with the Peer companies. May Apply.

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AVP Infracon IPO GMP Detail IPO GMP today details?

AVP Infracon IPO

AVP Infracon IPO FAQs

What is AVP Infracon IPO?
AVP Infracon IPO is a SME IPO of 6979200 equity shares of the face value of Rs. 10 aggregating up to Rs.52.34 Crores. The issue is priced at Rs.71-75 per share. The minimum order quantity is 1600 Shares.

When will AVP Infracon IPO open?
AVP Infracon IPO opens on March 13, 2024, and closes on March 15, 2024.

What is the lot size of AVP Infracon IPO?
AVP Infracon IPO lot size is 1600 Shares, and the minimum amount required is Rs.120000.

How to apply for AVP Infracon IPO?
You can apply in AVP Infracon IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is AVP Infracon IPO allotment?
The finalization of Basis of Allotment for AVP Infracon IPO will be done on March 18, 2024, and the allotted shares will be credited to your demat account by March 19, 2024.

When is AVP Infracon IPO listing date?
AVP Infracon IPO listing date is not yet announced. The tentative date of AVP Infracon IPO listing is March 20, 2024.