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Open
13 Mar 2024
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Close
15 Mar 2024
3
Allotment
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Listing
Wed, Mar 20, 2024
Price Band
₹71 to ₹75
Issue Size
69,79,200 shares (agg. up to ₹52 Cr)
Lot Size
1,600 Shares
Listing Date
Wed, Mar 20, 2024
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
20-03-2024₹0Est. ₹75+0%
19-03-2024₹0Est. ₹75+0%
18-03-2024₹0Est. ₹75+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 15.15x |
Restated Financials (₹ Cr.)
| 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 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Pratham EPC Projects Ltd. | SME | ₹36.00 Cr | ₹75 | 12.72 | ₹118.95 | +58.60% | ₹119.00 (-0.83%) |
| Atmastco Ltd. | SME | ₹56.25 Cr | ₹77 | 11.6 | ₹95.55 | +24.09% | ₹163.05 (+2.16%) |
| Rudra Gas Enterprise Ltd. | SME | ₹14.16 Cr | ₹63 | 10.9 | ₹125.68 | +99.49% | ₹73.80 (-5.08%) |
| Konstelec Engineers Ltd. | SME | ₹28.70 Cr | ₹70 | 9.9 | ₹220.50 | +215.00% | ₹67.85 (+4.95%) |
| Vishnusurya Projects & Infra Ltd. | SME | ₹49.98 Cr | ₹68 | 2.69 | ₹76.65 | +12.72% | ₹160.00 (+0.00%) |
| Chavda Infra Ltd. | SME | ₹43.26 Cr | ₹65 | 9.72 | ₹86.45 | +33.00% | ₹105.25 (+1.15%) |
| Vishnu Prakash R.Punglia Ltd. | Mainboard | ₹308.61 Cr | ₹99 | 13.61 | ₹145.70 | +47.17% | ₹25.83 (-1.75%) |
| Udayshivakumar Infra Ltd. | Mainboard | ₹66.00 Cr | ₹35 | 9.67 | ₹31.50 | -10.00% | ₹22.18 (+0.27%) |
Objects of the Issue
| # | 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 |
About AVP Infracon IPO
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.+ Read More
Contact Details
AVP Infracon Ltd. AddressPlot No.E-30, Second floor2nd Avenue, Besant NagarChennai, Tamil Nadu, 600090+91-44-48683999cs@avpinfra.comVisit Website