AVP infracon IPO

AVP Infracon Limited IPO

AVP Infracon is coming up with an IPO worth INR 52.34 crores, consisting of a fresh issue of 69.79 lakh shares. The company plans to utilize the funds raised to meet the working capital requirement and to purchase capital equipment.

AVP Infracon IPO – Important Details

AVP Infracon IPO DateMarch 13, 2024 to March 15, 2024
AVP Infracon IPO Listing DateMarch 20, 2024
AVP Infracon IPO PriceINR 71 to 75 per share
AVP Infracon IPO Lot Size1600 Shares
AVP Infracon IPO Total Issue SizeINR 52.34 crores
AVP Infracon IPO Basis of AllotmentMarch 18, 2024
AVP Infracon IPO Initiation of RefundsMarch 19, 2024
AVP Infracon IPO Credit of Shares to DematMarch 19, 2024
AVP Infracon IPO Issue TypeBook Built Issue IPO
AVP Infracon IPO Listing AtNSE SME

AVP Infracon Ltd IPO – Company Profile

The company 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, construction works such as technically complex and

high-value projects 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 the construction of Roads, Bridges, Irrigation and Canal Projects, Flyovers, and Industrial Areas, majorly based in the state of Tamil Nadu. We have in-house capabilities to deliver a project from conceptualization to completion with a fast turnaround time from acquisition to launch to completion, which focuses on de-risking and improving return on investment.

AVP Infracon Ltd IPO  – Fundamental Analysis

AVP Infracon’s IPO financials show robust growth but recent declines in revenue and EPS raise caution. With increasing assets and equity but high leverage, it offers mixed investment signals, necessitating a careful evaluation of its potential risks.

Revenue Trends: 

The company showed strong revenue of ₹11,498.08 lakhs as of March 31, 2023, but experienced a decrease to ₹7,405.33 lakhs by October 30, 2023. This drop may raise concerns about sustainability and market conditions affecting revenue streams.

Equity Growth: 

Equity increased from ₹2,549.